|
Below is an in-depth analysis and side-by-side comparison of Mr. Greek Restaurants vs The Hummus Republic including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $400,000 - $750,000 | $82,000 - $316,750 |
Franchise Fee | $35,000 - $50,000 | $36,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | 4% | 2% |
Year Founded | 1988 | 2013 |
Year Franchised | 1993 | 2018 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/Yes | -/Yes |
Start-up Costs | No/Yes | -/Yes |
Equipment | No/Yes | -/Yes |
Inventory | No/Yes | -/Yes |
Receivables | No/No | -/Yes |
Payroll | No/No | -/Yes |
Training & Support |
||
Training | - | On-The-Job Training: 30 hours Classroom Training: 44 hours |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
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) | Absentee Ownership Allowed Number of Employees Required to Run: 3 |
Expansion Plans |
||
US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | Yes | Yes |
Be a part of the fastest growing food trend in the world. Hummus Republic is a fast growing-casual modern Mediterranean brand with the most simple and successful system in the industry. We’re here to bring the flavors of authentic Mediterranean cooking to a casual, modern setting for people with an on the go and busy lifestyle. It’s time to create accessibility to healthy, real, delicious meals, and raise the standard of fast food.
With years of hands on experience, our team has created a simple operation with one of the lowest initial investment costs in the business. Hummus Republic is the only brand in the Mediterranean QSR category who operates under an extremely scalable, simple, and successful system making the business easy and affordable to open and operate for entrepreneurs of all experience levels.