Mr. Greek Restaurants vs Spitz Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Mr. Greek Restaurants vs Spitz including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$400,000 - $750,000 | $154,500 - $1,628,500 |
Franchise Fee |
$35,000 - $50,000 | $35,000 |
Royalty Fee |
5% | - |
Advertising Fee |
4% | - |
Year Founded |
1988 | 2013 |
Year Franchised |
1993 | 2013 |
Term Of Agreement |
10 years | - |
Term Of Agreement |
10 years | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
General business experience Marketing skills | - |
Financing Options |
|
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 |
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 |
US Expansion |
Yes | 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 Spitz
Although the SPITZ concept was engineered to appeal to consumers of all
ages, where the menu and decor are most relevant is to the Millennial
and Gen Zs. To understand why this is so important, you only need to
examine those generation’s pursuits and purchasing power. YPulse, the
world leader in youth consumer insight, claims that in 2020 Millennials
and Gen Z teens have the incredible spending power of nearly $3
Trillion. YPulse also reports that the 73 million U.S. Millennials spend
as much as 71% of their monthly expenditures on dining out and take out
purchases. Also important to our brand and menu engineering is
Nielsen’s 2017 study which found that Millennials purchase foods that
harbor a strong social purpose and include multicultural flavors.
From our Wraps & Garden Bowls to our Sangria & Cocktails: fresh, flavorful & so good!
Single Restaurant Program. Under the Single Restaurant
Program, you will sign a Franchise Agreement to operate a single Spitz
Restaurant. The total investment necessary to begin operations of a
single Spitz Restaurant ranges from approximately $301,200 to $769,000.
This includes $35,000 that must be paid to the franchisor or their
affiliate.
Area Development Program. Under the Area Development
Program, the franchisor assigns a defined area within which you must
develop and operate a minimum of 2 Spitz Restaurants within a specified
period of time. The total investment necessary to begin operations of 2
to 4 Spitz Restaurants under an Area Development Agreement ranges from
approximately $307,200 to $784,000. This includes $40,000 to $45,000 that must be paid to the franchisor or their affiliate.
Mobile Restaurant Program. Under the Mobile Restaurant
Program, you will sign a Franchise Agreement to operate a single Spitz
food truck (a “Mobile Restaurant”). The total investment necessary to
begin operations of a single Mobile Restaurant ranges from approximately
$187,000 to $263,000. This includes $5,000 that must be paid to the
franchisor or their affiliate.
Purchase Program. Under the Purchase Program, you will
purchase an existing and operating company‐owned Spitz Restaurant from
the franchisor’s affiliate. The total investment necessary to begin
operations of an Operating Spitz Restaurant ranges from approximately
$154,500 to $1,628,500. This includes $142,000 to $575,000 that must be paid to the franchisor or their affiliate.