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Updated RecentlySantorini Island Grill vs Spitz Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Santorini Island Grill vs Spitz including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $154,500 - $273,000 | $154,500 - $1,628,500 |
| Franchise Fee | $29,500 | $35,000 |
| Royalty Fee | 6% | - |
| Advertising Fee | - | - |
| Year Founded | 1999 | 2013 |
| Year Franchised | 2006 | 2013 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | 25% of then-current fran. fee | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | Yes/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | * Available at headquarters: 3 weeks * At franchisee's location: 3-4 weeks | - |
| Support | - | - |
| Marketing | - | - |
| Operations | * 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 |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
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.
About Spitz
!["Spitz]("https://fddexchange.com/wp-content/uploads/2020/07/Spitz-300x96.jpg")
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.