GX Greek Xpress franchise
2022 filing · April 22, 2022Shares sales figures
GX Greek Xpress at a glance
A fast-casual Greek restaurant serving gyros, souvlaki platters, salads, burgers and smoothies. At the end of 2021 there were 7 GX Greek Xpress locations in the US, all company-owned.
The business
- Franchisor
- Greek Xpress Franchising LLC
- The company that sells the franchises
- Franchising since
- 2021
- Franchisor based in
- East Rockaway, New York
- Typical size
- 250–1,600 sq ft
What you pay
- Cost to open
- $199K–$858K
- Fee, build-out and opening working capital
- Franchise fee
- $30,000
- Paid once, when you sign
- Royalty
- 6%
- 6% of gross sales, paid weekly; higher where a state bars royalties on alcohol sales
- Brand fund
- 2%
- 2% of gross sales, paid with the royalty
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2021
- 7
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 7
- Change in 3 years
- 0
- Franchised locations, 2019–2021
From Greek Xpress Franchising LLC’s 2022 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
GX Greek Xpress among all franchises with the same figure.
| Figure | GX Greek Xpress | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $528,050 | Costs more than 66% of franchises |
| Franchise feePaid once, when you sign | $30,000 | Lower than 72% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 7 | Fewer than 66% of franchises |
How much a GX Greek Xpress franchise costs
Opening one GX Greek Xpress costs an estimated $198,600 to $857,500. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Greek Xpress Franchising LLC, 2022 filing, page 18
GX Greek Xpress franchise fee
The franchise fee is $30,000. You pay it when you sign the franchise agreement.
Source: Greek Xpress Franchising LLC, 2022 filing, page 10
Royalty and ongoing fees
| Royalty | 6% of gross sales, paid weekly; higher where a state bars royalties on alcohol sales. |
|---|---|
| Brand or marketing fund | 2% of gross sales, paid with the royalty. |
| ComputerSystem Maintenance | Upto$1,000 |
| TransferFee (FranchiseAgreement) | $15,000 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Greek Xpress Franchising LLC, 2022 filing, page 11
Other fees as filed, from pages 12–14. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures GX Greek Xpress publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Greek Xpress Franchising LLC, 2022 filing, page 47
- Estimate Estimated yearly sales per location
- $590K–$1.1M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
How GX Greek Xpress compares
Of the 309 fast food franchises on this site, GX Greek Xpress is the 45th cheapest to open and the 198th largest by number of locations.
| Figure | GX Greek Xpress | Typical fast food brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $199K | $353K | $222K |
| Cost to open, high end | $858K | $786K | $477K |
| Franchise fee | $30K | $35K | $40K |
| Royalty | 6% | 6% | 6% |
| Brand fund | 2% | 2% | 2% |
| US locations | 7 | 23 | 21 |
| Shares earnings figures | Yes | 189 of 309 | 2,147 of 3,352 |
Typical is the median across the 309 brands in fast food franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2019 | 0 (0) | 5 | 0 | 0 |
| 2020 | 0 (0) | 7 | 0 | 0 |
| 2021 | 0 (0) | 7 | 0 | 0 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: fast food franchise costs and franchise failure rates.
Source: Greek Xpress Franchising LLC, 2022 filing, page 52
Who owns GX Greek Xpress?
GX Greek Xpress franchises are sold by Greek Xpress Franchising LLC. Its filing names no parent company.
From Greek Xpress Franchising LLC’s 2022 filing, page 7.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Greek Xpress Franchising LLC, 2022 filing, litigation on page 10, bankruptcy on page 10
GX Greek Xpress filings
The figures on this page come from Greek Xpress Franchising LLC’s 2022 filing, issued April 22, 2022, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2022 filing | April 22, 2022 | NASAA depository | Costs, fees and locations, 2019–2021 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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GX Greek Xpress is also on these lists: restaurant franchises, food franchises.