Nick The Greek

Nick The Greek

Information based on 2024 FDD

Food & Beverage · Mediterranean

Investment min
$415K
Total: $415K–$597K
Avg gross revenue
$2M
Unit-level, 2024
Franchise fee
$35K
Per current disclosure
Royalty
6%
of gross revenue
Locations
59
Franchising since 2018

Description

What is Nick The Greek?

Nick The Greek has emerged as a rapidly growing fast-casual Mediterranean concept that brings authentic Greek street food to the American market. Founded in 2014, this dynamic franchise has captured the hearts and palates of customers across the nation with its commitment to fresh, high-quality ingredients and traditional Greek recipes.

The menu features a delectable array of classic Greek dishes, with their signature gyros taking center stage. Using a combination of traditional cooking methods and modern efficiency, Nick The Greek offers tender, flavorful meats including beef/lamb combinations, chicken, and authentic pork belly souvlaki. Their menu extends beyond gyros to include fresh Greek salads, customizable bowls, and specialty items like their popular 'Nick's Fries' topped with feta cheese.

What sets Nick The Greek apart is their dedication to authenticity while maintaining a contemporary, fast-casual dining experience. Each location features a clean, welcoming atmosphere with Greek music playing in the background, creating an immersive cultural experience. The franchise has earned a stellar reputation for exceptional customer service, with owners and staff who are passionate about sharing Greek culture and cuisine with their communities.

Their commitment to quality is evident in every aspect of the business, from their freshly grilled pita bread to their house-made sauces and dressings. The dessert menu features traditional Greek favorites like baklava and loukoumades, alongside modern twists such as Greek frozen yogurt. This perfect blend of traditional and contemporary elements has helped Nick The Greek establish itself as a leader in the Mediterranean fast-casual segment, with consistently positive reviews and a rapidly growing loyal customer base.
  • Authentic Greek street food specialization
  • Daily fresh ingredient preparation standards
  • Comprehensive catering revenue opportunities
  • Established decade-long operational history
  • Vegan-friendly menu diversification options
  • Strong unit performance metrics

Location Analysis

Where Nick The Greek wins

Nick The Greek, established in 2014, has built a strong West Coast presence with a significant concentration in California, maintaining widespread coverage across multiple states. The franchise's California-centric strategy has proven successful, with strategic expansion into Texas, Nevada, and an initial Midwest presence in Kansas and Missouri. Their impressive customer review ratings demonstrate consistent service quality, exemplified by their Novato, California location's outstanding performance.

The franchise shows effective market penetration in high-traffic, urban areas with strong Mediterranean food demand and health-conscious demographics. Successful locations typically feature proximity to business districts, universities, and affluent residential areas with higher disposable income. The concentrated California presence suggests strong brand recognition and operational efficiency in the state, while newer markets indicate calculated expansion efforts.

Prime expansion opportunities exist in untapped Western markets like Arizona and Oregon, which share similar demographics with existing successful locations. For new franchisees, ideal locations should target areas with median household incomes above $75,000, strong daytime population, and demonstrated demand for fast-casual Mediterranean cuisine. Strip malls and lifestyle centers in suburban areas with high foot traffic have proven particularly successful for the brand.
Total US locations
68
Franchise units
59
Corporate locations
9
Avg. sq. footage
N/A

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Financial Analysis

The numbers behind Nick The Greek

Avg gross revenue$1,573,992
Investment range$414,750 – $597,000
Investment midpoint$505,875
Brand fund2%
Royalty6%
Franchise fee$35,000
Min. net worth
Min. liquid capital
Nick The Greek requires an investment of $414,750 - $597,000, positioning it as a mid-tier opportunity within the Mediterranean franchise sector. This investment level sits comfortably within the sub-sector range of $315,386 - $684,620, offering competitive entry costs for established Greek cuisine positioning.

The Mediterranean food segment benefits from growing consumer demand for healthier, authentic dining options. Greek cuisine's emphasis on fresh ingredients and Mediterranean diet principles aligns with current wellness trends, supporting sustained market interest.

With 68 units established since 2014, Nick The Greek demonstrates solid system maturity and measured expansion. This decade-long operational history provides franchisees with proven business systems while maintaining growth potential in an undersaturated market.

The reported gross revenue of $1,573,992 substantially exceeds the sub-sector average of $678,785, indicating strong unit-level performance potential. However, prospective investors should thoroughly analyze territory demographics and local competition density.

Ideal candidates should possess $150,000-$200,000 in liquid capital and restaurant industry experience, given operational complexity of fresh food preparation and Mediterranean authenticity requirements. The brand's catering capabilities and diverse menu offerings provide multiple revenue streams.

Key considerations include labor-intensive food preparation, ingredient sourcing requirements, and market education needs for authentic Greek offerings. Multi-unit development opportunities exist in markets with appropriate demographics and limited Mediterranean competition. Prospective franchisees must review the complete FDD and conduct thorough market analysis before investment decisions.
Did you know? Did you know that bringing authentic Greek street food to your community through a Nick The Greek franchise requires a total investment between $414,750 and $597,000, which covers everything from the $35,000 franchise fee to kitchen equipment, build-out costs, and working capital needed to serve up their famous gyros, souvlaki, and Mediterranean favorites?

Financing partners

Vetted partners, tailored to franchisees

Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.

FranFund

Lender

CRF USA

Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.

Lender

First Bank of the Lake

Lender

Pension Pros

Lender

FDD Item 7

Initial investment range

$415K–$597K
Most common
$414,750
Minimum
$505,875
Midpoint
$597,000
Maximum

Per FDD Item 7, total initial investment ranges from $414,750 to $597,000. The midpoint $505,875 is what most franchisees report at signing — financing typically reduces cash-at-close by 80–90%. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.

FDD Item 19

Average gross sales

$2M$2M$1M$800K$400KN/A
$1M
$1M
$2M
2022
2023
2024
Avg
$1M
YOY change (2023 -> 2024)
+12%

According to Item 19 of the Franchise Disclosure Document, Nick The Greek has an average gross revenue of $2M. (Note: This information is based on the latest FDD in our records. Please review the Franchise Disclosure Document (FDD) and confirm this information directly with the brand. We make no claims of accuracy for the information presented.)

Growth over time

Franchise footprint

+42% YoY
80644832160
2018
2019
2020
2021
2022
2023
2024
68 units open as of 2024 FDD+20 in last 12 mo

2024 Franchise Disclosure

FDD documents

Below are items 2, 3, 4, 7, 11 and 19 for Nick The Greek's 2024 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.

Estimated initial investment
FDD Item 7 · PDF
Financial performance representations
FDD Item 19 · PDF
Members-only items
Executive team
FDD Item 2 · PDF
Litigation
FDD Item 3 · PDF
Bankruptcy
FDD Item 4 · PDF
Franchisor assistance
FDD Item 11 · PDF
Members only
Unlock the 2024 FDD

Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.

Buyer FAQs

Frequently asked questions

The initial investment for a Nick The Greek franchise typically ranges between $414,750.00 and $597,000.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.

Disclaimer. The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2024. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.

Nick The Greek
Nick The Greek
$2M avg revenue · 59+ US franchises

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