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

 
Mr. Greek Restaurants Franchise
Spitz Franchise
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 19882013
Year Franchised 19932013
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements

 
Mr. Greek Restaurants Franchise
Spitz Franchise
Experience
  • General business experience
  • Marketing skills
  • -

    Financing Options

     
    Mr. Greek Restaurants Franchise
    Spitz Franchise
      In-House/3rd PartyIn-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

     
    Mr. Greek Restaurants Franchise
    Spitz Franchise
    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

     
    Mr. Greek Restaurants Franchise
    Spitz Franchise
    US Expansion YesYes
    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

    "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.