The Great Greek Mediterranean Grill Franchise Cost, Revenue & Review 2026
- Investment
- $527K – $1.2M
- Disclosed sales
- $1.6M
- gross sales, not profit
- SBA charge-off
- Limited · 44 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
The Great Greek Mediterranean Grill is a fast-casual franchise serving fresh Greek and Mediterranean gyros, bowls, and salads. Franchisees run restaurants managing food prep, counter and dine-in service, and staffing.
FranchiseVerdict summary · 2026
A The Great Greek Mediterranean Grill franchise requires a total initial investment of $527K – $1.2M, including a $40K franchise fee and an ongoing 6.0% royalty[2]. Per the 2025 FDD, average unit revenue was $1.6M[2]. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored8 of 8 headline figures on this page cite a page of the filing.
Overview
- Investment
- $527K – $1.2M
- 78th pct Service Resta…
- Avg gross sales
- $1.6M
- 29th pct Service Resta…
- Royalty
- 6.0%
- 48th pct Service Resta…
- Units
- 77
- 72nd pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $527K – $1.2M including a $40K franchise fee, 6.0% ongoing royalty.
- RETURNSAverage unit revenue of $1.6M/year (median $1.5M). Note: this is gross profit, not take-home income.
- RISKVerdict B (Above average), verdict score 60/100 (higher is better).
- GROWTHNegative, pipeline stalled: 294 agreements signed but not yet open against 77 open outlets (Item 20).
- GROWTHSystem growing at 187.5% CAGR over 3 years with 77 total units. Strong expansion trajectory.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Great Greek Franchising, LLC
- Parent company
- United Franchise Group (affiliated brand collection, not a legal parent)
- FDD Item 1, page 11 of the 2025 FDD
- CEO title
- Chief Executive Officer
- Ray Titus
- Incorporated in
- Florida
- HQ
- 2121 Vista Parkway, West Palm Beach, Florida 33411
- Auditor
- Milbery & Kesselman, CPAs, LLC
- Audited financials
- Franchisor revenue
- $10.6M
- vs $9.6M prior year
Independent franchisee associations
- Franchise Advisory Council (FAC)
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Affiliated brands
- Franchise Real Estate
- Zor Franchise Services
Other brands the franchisor or its parent operates (Item 1).
Same owner · FDD Item 1, page 11
8 other brands on this site name United Franchise Group (affiliated brand collection, not a legal parent) as parent or ultimate parent in their own FDD.
- Black Optix TintB
- Cannoli Kitchen PizzaD
- Exit FactorB
- Graze CrazeB
- Intelligent AssistantC
- Office EvolutionB
- SignaramaC
- Transworld Business AdvisorsA
Grouped by the owner's name as each filing prints it (this page: the 2025 FDD). Spelling variants of the same group may be listed apart; a brand is never grouped with an owner its filing does not name.
Overview
About
- CEO
- Ray Titus
- Headquarters
- FL
- Founded
- 2017
- FDD year
- 2025
- States available
- 22
Can you afford it, and what does the money buy?
Entry cost runs 77% above the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $40K | $40K |
| Working capital (3–6 mo) | $40K | $85K |
| Equipment, build-out, other | $447K | $1.1M |
| Total initial investment | $527K | $1.2M |
Source: The Great Greek Mediterranean Grill 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $527K – $1.2M
- Bottom third — review vs category
- Liquid capital req'd
- $40K – $85K
- Bottom third — review vs category
- Franchise fee
- $40K – $40K
- Middle of category vs category
- Royalty
- 6.0%
- typical 6–8%
- Ad fund
- 3.0%
- typical 3–5%
- Total fee load
- 9.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 3.0% of gross sales |
| Technology fee | $50 |
| Transfer fee | $30K |
| Renewal fee | $3K |
| Inventory (initial) | $8K – $17K |
| Total fee load | 9.0% of rev |
What do units actually make?
Average unit sales run 60% above the quick-service restaurants norm.
Source: FDD 2025 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for The Great Greek Mediterranean Grill until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$920K
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one The Great Greek Mediterranean Grill unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
- Avg gross sales
- $1.6M
- Per unit, per year
- Median gross sales
- $1.5M
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- gross sales
- Sample size
- 17 outlets
- vs category median 19
- Range (low → high)
- $964K→$2.4MCited, not corroborated — printed on page 63 of the 2025 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Quartile band
- $1.2M→$2.1M
- Bottom 25% → top 25%
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 10 / 10
- vs category median 4 / 10 · above
Compared against 781 Quick-Service Restaurants brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $1.6M/year in gross sales. Revenue-to-investment ratio: 1.8x.
Fee burden
Total ongoing fee load of 9.0% — above the Quick-Service Restaurants median of 7.5%.
Disclosure
Transparency score 10/10 — this franchisor discloses detailed breakdowns (quartiles, segments, or cohort data). Buyers can model unit economics with higher confidence.
Operator retention
System expanding at 187.5% CAGR over 3 years across 77 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants medians
How The Great Greek Mediterranean Grill Compares
Category median of published Quick-Service Restaurants brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 77
- Opened
- 21
- Last reporting year
- Closed
- 2
- Terminated
- 1
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 2.6%
- Company-owned
- 8
- Corporate units in the system
- % franchised
- 90%
- vs corporate-owned
- Net growth (3-yr)
- +187.5%
- Net unit change over 3 years
- 3-yr CAGR
- +187.5%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 1
- Not renewed
- 0
- Transferred
- 6
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 294
- 3.82 per open outlet · Item 20 Table 5
- Projected new
- 29
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 29 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Where the owners are · Item 20 owner list
100 current owners across 29 states; 38 former (terminated, transferred or not renewed) listed separately.
- CA 13
- FL 13
- TX 12
- MI 6
- NJ 6
- IN 4
- OR 4
- CO 3
- GA 3
- IL 3
- OH 3
- SC 3
- +17 more states
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 44
- Loan volume
- $29.8M
- Median loan
- $678K
- average
- Charge-off rate
- Limited · 44 loans
- Limited SBA coverage: 44 loans, rate hidden until 10 have resolved and loans reach 2% of franchised units
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Limited · 44 loans
- 5-yr charge-off
- 12.5%
- Loans approved 2021+
- Active lenders
- 14
- Defaults
- 1
Vintage analysis
The Great Greek Mediterranean Grill charge-off rate by loan vintage
Top lenders financing The Great Greek Mediterranean Grill franchisees
Showing 3 of 14 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for The Great Greek Mediterranean Grill from SBA 7(a) FOIA data.
Top SBA lenders
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | Gulf Coast Bank and Trust Company | 15 | $10.2M | 50.0% |
| 2 | Byline Bank | 7 | $5.5M | N/A |
| 3 | Brookline Bank, a Division of Beacon Bank and Trust | 5 | $3.9M | 0.0% |
| 4 | Stearns Bank National Association | 4 | $2.2M | 0.0% |
| 5 | MISSINGMAINBANKID | 2 | $1.1M | 0.0% |
| 6 | Newtek Small Business Finance, Inc. | 2 | $2.0M | 0.0% |
| 7 | Readycap Lending, LLC | 2 | $1.4M | N/A |
| 8 | Stone Bank | 1 | $565K | 0.0% |
| 9 | Midwest Regional Bank | 1 | $336K | N/A |
| 10 | VelocitySBA, LLC | 1 | $580K | N/A |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| CACalifornia | 9 | 0 | 0.0% |
| FLFlorida | 9 | 0 | 0.0% |
| MIMichigan | 5 | 0 | 0.0% |
| TXTexas | 4 | 1 | 50.0% |
| COColorado | 3 | 0 | -- |
| UTUtah | 3 | 0 | 0.0% |
| NJNew Jersey | 2 | 0 | 0.0% |
| OROregon | 2 | 0 | -- |
| WIWisconsin | 2 | 0 | -- |
| ALAlabama | 1 | 0 | -- |
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Negative franchisor equity of -$2.35M and 5 disclosed matters (one pending trademark dispute plus four historical FTC/consent decree items). Offsetting: positive $465K net income, $10.6M revenue, audited, Item 19 disclosed, and explosive +187.5% unit growth. Two stacked concerns (negative equity + litigation history).
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
One pending federal trademark dispute (D&D Greek Restaurant, Inc. v. Great Greek Franchising, LLC, filed 2020, trial concluded Sept 2022, awaiting judgment) over prior use of "The Great Greek" name. Additionally, four historical restrictive orders/consent decrees are disclosed: a 1993 FTC injunction against Signarama/Minuteman Press affiliates for false earnings claims; a 1996 Maryland Securities Commissioner consent order against Signarama for unregistered franchise sales; a 2021 California DFPI consent order against TGG for improperly removing a fee-deferral condition and collecting fees prematurely (rescission offered, penalty paid); and a 2022 California DFPI consent order against TGG, GCZ and UFG for making unregistered franchise offers/financial performance representations at a California trade show.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Milbery & Kesselman, CPAs, LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Franchisor total revenue by year: FY2023 $5,620,776; FY2024 $9,614,425; FY2025 $10,572,910 (fiscal year ends April 30). Revenue mix FY2025: Franchise Fees $1,189,453; Advertising Fees $1,585,384; Product (equipment package) $3,746,167; Royalty Income $3,544,088; Other Income $507,818.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: No
- Restricted to system-approved products: No
- Can negotiate own supplier terms: Yes
Score breakdown · what drove the 60 / 100 verdict
- 01MINORNegative equity -$2.35M
- 02MINOR5 matters: pending trademark suit + historical FTC/consent decrees
- 03MINORPositive net income $465K, $10.6M revenue, +187.5% growth
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 9.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 35 years |
|---|---|
| Renewal term | 35 years |
| Allowed renewalsℹ | 1 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 1 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Termination groundsℹ | 1 |
| Curable defaultsℹ | 3 |
| Mandatory arbitration | Yes |
| Arbitration location | Florida (15th Judicial Circuit Court, Palm Beach County or U.S. District Court, Southern District of Florida); mediation in franchisee's home state |
| Governing law | Florida |
| Litigation count | 5 |
View Item 3 litigation summary
One pending federal trademark dispute (D&D Greek Restaurant, Inc. v. Great Greek Franchising, LLC, filed 2020, trial concluded Sept 2022, awaiting judgment) over prior use of "The Great Greek" name. Additionally, four historical restrictive orders/consent decrees are disclosed: a 1993 FTC injunction against Signarama/Minuteman Press affiliates for false earnings claims; a 1996 Maryland Securities Commissioner consent order against Signarama for unregistered franchise sales; a 2021 California DFPI consent order against TGG for improperly removing a fee-deferral condition and collecting fees prematurely (rescission offered, penalty paid); and a 2022 California DFPI consent order against TGG, GCZ and UFG for making unregistered franchise offers/financial performance representations at a California trade show.
Items 10, 11
Training & Operations
- Classroom training
- 60 hrs
- On-the-job training
- 144 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
- Site selection
- Franchisee, with optional assistance from affiliate Franchise Real Estate, Inc.; site subject to franchisor approval
- Franchisor financing
- Not offered
- Item 10
- POS system
- Toast
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Toast
Item 20 · call current owners
Franchisee Contacts
138 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a The Great Greek Mediterranean Grill franchise?
The total investment to open a The Great Greek Mediterranean Grill franchise ranges from $527K – $1.2M, with an initial franchise fee of $40K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do The Great Greek Mediterranean Grill franchise owners earn?
According to Item 19 of the The Great Greek Mediterranean Grill FDD, the average gross sales per unit is $1.6M. The median is $1.5M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns The Great Greek Mediterranean Grill?
The Great Greek Mediterranean Grill is franchised by Great Greek Franchising, LLC. Its parent company is United Franchise Group (affiliated brand collection, not a legal parent). Source: FDD Item 1, 2025 filing.
What is Item 19 in the The Great Greek Mediterranean Grill FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the The Great Greek Mediterranean Grill FDD and qualifies whose outlets they describe.
What is The Great Greek Mediterranean Grill's franchise failure rate?
SBA 7(a) loan charge-off data is not available for The Great Greek Mediterranean Grill (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many The Great Greek Mediterranean Grill franchise locations are there?
As of their most recent FDD filing, The Great Greek Mediterranean Grill has 77 total units in the United States, including 69 franchised units and 8 company-owned units. 21 new units were opened in the latest reporting year.
Is The Great Greek Mediterranean Grill a good franchise to buy?
FranchiseVerdict rates The Great Greek Mediterranean Grill as a B-grade franchise with a verdict score of 60 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.