Opa! Souvlaki vs Spitz Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Opa! Souvlaki vs Spitz including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$300,000 - $350,000 | $154,500 - $1,628,500 |
Franchise Fee |
$25,000 | $35,000 |
Royalty Fee |
6% | - |
Advertising Fee |
4% | - |
Year Founded |
1997 | 2013 |
Year Franchised |
0 | 2013 |
Term Of Agreement |
- | - |
Term Of Agreement |
- | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
- | - |
Support |
- | - |
Marketing |
- | - |
Operations |
- | - |
Expansion Plans |
US Expansion |
- | Yes |
Canada Expansion |
No | - |
International Expansion |
No | - |
Company Overviews
About Opa! Souvlaki
OPA! Souvlaki is about authentic, satisfying, affordable Greek meals made fast and fresh, with premium ingredients. At OPA!, customers can see their dishes prepared in an open, 'up-front' kitchen and can choose from a range of crisp, fresh toppings to customize their meal. How fresh? OPA! makes its own salad dressings, marinades, and tzatziki sauces and bakes its own signature pita breads. This is exactly the kind of commitment to quality, healthy-eating and friendly service that customers expect and appreciate. And it's why OPA! is so successful.
OPA! was founded in 1998 in an effort to satisfy this demand for quality, 'to-go' Greek cuisine. Today OPA! is a leader in the "Fast Casual" food service category, having grown from 3 to 40 locations in just a few years.
#106 in Canada's Top franchises.
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.