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Updated RecentlyMr. Greek Restaurants vs ACE Sushi Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Mr. Greek Restaurants vs ACE Sushi including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $400,000 - $750,000 | $22,699 - $300,000 |
| Franchise Fee | $35,000 - $50,000 | $2,400 - $3,600 |
| Royalty Fee | 5% | - |
| Advertising Fee | 4% | - |
| Year Founded | 1988 | 1990 |
| Year Franchised | 1993 | 2004 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | - |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
| Operations |
Franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 15 - 30
Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Mr. Greek Restaurants
The name MR. GREEK has become synonymous with Greek and Mediterranean cuisine that defines quality, value and service. MR. GREEK Mediterranean Grills are full service casual dining restaurants have patios, take-out and delivery. MR. GREEK serves a delicious blend of grilled seafood, pastas, and Greek specialties such as souvlaki, tzatziki, and saganaki. The franchisor, provides site selection, lease negotiation, construction, training and ongoing support.
Owner-operators share two common passions. One is for the restaurant and
the other is to succeed! A partnership with MR. GREEK is firmly based
on the principle of mutual success, and on all parties striving together
to achieve that success. MR. GREEK is seeking single or multi-unit
franchisee partners in Ontario and Eastern Canada, and multi-unit
development partners in territories throughout North America.
About ACE Sushi
We grant franchises to operate ACE Sushi Bar departments in grocery stores, supermarkets and other locations.
3 franchise programs are offered:
- Single Unit Program. Under this program, you will sign a Franchise Agreement to operate a single Ace Sushi Bar. The total investment necessary to begin operations of one Ace Sushi Bar ranges from $24,849 - $69,048. This amount includes $16,999 - $52,148, which must be paid to the Franchisor or an affiliate.
- Satellite Store Program. Under this program, the franchisor may also grant you the right to prepare sushi and related food products at your main Ace Sushi Bar for delivery to “Satellite Stores” in the general geographic vicinity of main Ace Sushi Bar. The total investment necessary to begin operations of one Ace Sushi Bar and one Satellite Store ranges from $22,699 - $73,048. This amount includes $16,999 - $56,148, which must be paid to the Franchisor or an affiliate.
- Area Development Program. Under this program, you will sign an Area Development Agreement which grants you the right to develop multiple Ace Sushi Bars. The total investment necessary to begin operations of as an Area Developer ranges from $59,500 to $300,000 (for 40 Ace Sushi Bars plus an additional $500 to $1,250 for each Ace Sushi Bar you commit to develop in excess of 40).