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Updated RecentlyMr. Greek Restaurants vs Island Fin Poke Company Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Mr. Greek Restaurants vs Island Fin Poke Company including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $400,000 - $750,000 | $194,950 - $355,600 |
| Franchise Fee | $35,000 - $50,000 | $40,000 |
| Royalty Fee | 5% | 6% |
| Advertising Fee | 4% | 1.5% |
| Year Founded | 1988 | 2017 |
| Year Franchised | 1993 | 2018 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal 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 | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| 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 |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | 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 Island Fin Poke Company
!["Island]("https://fddexchange.com/wp-content/uploads/2019/12/Island-Fin-Poke-Company-300x145.png")
Island Fin Poke Company was established in 2016 by Mark and Paul who had a dream to create a quick casual restaurant
that serves incredible Hawaiian style poke in a cool casual environment and transports you from every day to a surf shack on the beach.
From their homemade sauces, 25 toppings & sustainably sourced fish you will be tasting the flavors of the islands.
The total investment necessary to begin operation of an Island Fin Poke
Company franchised business ranges from $194,950 to $355,600. This
includes $40,000 which must be paid to the franchisor or an affiliate.
The total investment necessary to begin operations under an Area
Development Agreement for three,six or ten outlets ranges from $264,950
to $615,600. This includes $110,000 to $300,000 that must be paid to the
franchisor or an affiliate.