| ||||
Updated RecentlyMr. Greek Restaurants vs Playa Bowls Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Mr. Greek Restaurants vs Playa Bowls including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $400,000 - $750,000 | $167,550 - $554,100 |
| Franchise Fee | $35,000 - $50,000 | $35,000 |
| Royalty Fee | 5% | - |
| Advertising Fee | 4% | - |
| Year Founded | 1988 | 2016 |
| Year Franchised | 1993 | 2016 |
| 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 | -/- |
| 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 Playa Bowls
!["Playa]("https://fddexchange.com/wp-content/uploads/2019/10/Playa-Bowls-300x300.png")
We’ve realized exponential franchise growth because of your top-down
dedication to fostering healthy habits and lifestyles, and a steadfast
refusal to cut corners.
We’ve realized the community-building power that strong local
businesses provide, and our top-down guidance and support have helped
our franchises flourish in just five short years.
The total investment necessary to begin operation of a Playa Bowls
franchised business is $167,550 to $429,100. This includes $35,000 that
must be paid to the franchisor or its affiliate(s).
The total investment necessary to begin operation of a Playa Bowls multi-unit development agreement business ranges from $292,050 to $554,100 for a required minimum of eight Playa Bowls restaurants to be developed. This includes $157,500 that must be paid to the franchisor and/or its affiliates.
The total investment necessary to begin operation of a Playa Bowls multi-unit development agreement business ranges from $292,050 to $554,100 for a required minimum of eight Playa Bowls restaurants to be developed. This includes $157,500 that must be paid to the franchisor and/or its affiliates.