Mr. Greek Restaurants vs Santorini Island Grill Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Mr. Greek Restaurants vs Santorini Island Grill including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Mr. Greek Restaurants Franchise
Santorini Island Grill Franchise
Investment $400,000 - $750,000$154,500 - $273,000
Franchise Fee $35,000 - $50,000$29,500
Royalty Fee 5%6%
Advertising Fee 4%-
Year Founded 19881999
Year Franchised 19932006
Term Of Agreement 10 years10 years
Term Of Agreement 10 years10 years
Renewal Fee -25% of then-current fran. fee


Business Experience Requirements
 
Mr. Greek Restaurants Franchise
Santorini Island Grill Franchise
Experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Mr. Greek Restaurants Franchise
    Santorini Island Grill Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/YesYes/No
    Start-up Costs No/YesNo/No
    Equipment No/YesNo/Yes
    Inventory No/YesNo/Yes
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support
     
    Mr. Greek Restaurants Franchise
    Santorini Island Grill Franchise
    Training -* Available at headquarters: 3 weeks

    * At franchisee's location: 3-4 weeks
    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)

    		* Number of employees needed to run franchised unit: 6 - 6

    * Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)


    Expansion Plans
     
    Mr. Greek Restaurants Franchise
    Santorini Island Grill Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion YesYes

    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 Santorini Island Grill

    Santorini Island Grill is a  turnkey restaurant franchise opportunity complete for franchise owners. Join our company and receive the support and training necessary to be successful as an owner of this Greek restaurant.

    Participate in our training program which involves classroom and practical work. After launching you will be covered by our franchising expertise and years of experience. As a Santorini Island Grill franchise restaurant owner you will acquire the rights to use our brand name and trademarks, daily operations procedures, construction and design assistance and policy manuals, marketing and advertising, employee selection and management aid, on-going training, employee selection and management aid and much more. Join us today for an exciting career and bring a tasty concept to your neighborhood.