Kentro Greek Kitchen franchise
2023 filing · October 9, 2023Shares sales figures
Kentro Greek Kitchen at a glance
A fast-casual Greek restaurant serving wraps, salads and platters. At the end of 2022 there were 1 Kentro Greek Kitchen locations in the US, all company-owned.
The business
- Franchisor
- Kentro Franchising, LLC
- The company that sells the franchises
What you pay
- Cost to open
- $388K–$897K
- Fee, build-out and opening working capital
- Franchise fee
- $49,500
- Plus a $10,000 on-site training fee
- Royalty
- 6%
- 6% of gross sales or $500 a week, whichever is greater, paid weekly
- Brand fund
- 1.5%
- 1.5% of gross sales, paid weekly; it can rise to 4%
- Renewal fee
- See terms
- 10% of our then- current initial franchise fee
- Agreement length
- 10 years
Where it is
- US locations, 2022
- 1
- Franchised and company-owned
- Franchised
- 0
- Company-owned
- 1
- Change in 3 years
- 0
- Franchised locations, 2020–2022
- States
- 1
- Most in California
From Kentro Franchising, LLC’s 2023 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Kentro Greek Kitchen among all franchises with the same figure.
| Figure | Kentro Greek Kitchen | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $642,300 | Costs more than 73% of franchises |
| Franchise feePaid once, when you sign | $49,500 | Higher than 64% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 1 | Fewer than 88% of franchises |
How much a Kentro Greek Kitchen franchise costs
Opening one Kentro Greek Kitchen costs an estimated $387,800 to $896,800. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are leasehold improvements ($100,000 to $475,000) and equipment and small wares ($75,000 to $95,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $49,500 | ||
| Travel/Living Expenses While Training | $1,000 | $7,000 | |
| On-Site Training Cost | $10,000 | ||
| Real estate/rent and deposit | $32,500 | $60,000 | |
| Leasehold Improvements | $100,000 | $475,000 | |
| Buildout Management | $15,000 | $25,000 | |
| Equipment and Small Wares | $75,000 | $95,000 | |
| Mill Works and Furniture | $15,000 | $25,000 | |
| Uniform Apparel | $2,500 | $3,500 | |
| Signage | $3,000 | $8,000 | |
| Business Management and Technology System & Technology Fee (3 months) | $9,500 | $16,500 | |
| Office Supplies | $500 | $1,500 | |
| Licenses and Permits (Not including liquor license) | $1,500 | $5,000 | |
| Legal and Accounting | $2,500 | $5,000 | |
| Dues and Subscriptions | $500 | $800 | |
| Utility Deposits | $4,000 | $7,000 | |
| Insurance | $2,800 | $3,000 | |
| Initial Inventory | $28,000 | $35,000 | |
| Grand Opening Marketing | $5,000 | $15,000 | |
| Additional Funds — 3 months | $30,000 | $50,000 | |
| Total | $387,800 | $896,800 | |
Source: Kentro Franchising, LLC, 2023 filing, page 16
Kentro Greek Kitchen franchise fee
The franchise fee is $49,500, plus a $10,000 on-site training fee. You pay it when you sign the franchise agreement.
Source: Kentro Franchising, LLC, 2023 filing, page 10
Royalty and ongoing fees
| Royalty | 6% of gross sales or $500 a week, whichever is greater, paid weekly. |
|---|---|
| Brand or marketing fund | 1.5% of gross sales, paid weekly; it can rise to 4%. |
| Renewal Fee | 10% of our then- current initial franchise fee |
| Additional training fee | Then-current fee, which will not exceed $500 per day |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Kentro Franchising, LLC, 2023 filing, page 11
Other fees as filed, from page 13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Kentro Greek Kitchen publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: Kentro Franchising, LLC, 2023 filing, page 49
- Estimate Estimated yearly sales per location
- $910K–$1.6M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
How Kentro Greek Kitchen compares
Of the 813 restaurant franchises on this site, Kentro Greek Kitchen is the 378th cheapest to open and the 732nd largest by number of locations.
| Figure | Kentro Greek Kitchen | Typical restaurant brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $388K | $408K | $222K |
| Cost to open, high end | $897K | $866K | $477K |
| Franchise fee | $50K | $35K | $40K |
| Royalty | 6% | 5% | 6% |
| Brand fund | 1.5% | 2% | 2% |
| US locations | 1 | 14 | 21 |
| Shares earnings figures | Yes | 474 of 813 | 2,147 of 3,352 |
Typical is the median across the 813 brands in restaurant franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2020 | 0 (0) | 1 | 0 | 0 |
| 2021 | 0 (0) | 1 | 0 | 0 |
| 2022 | 0 (0) | 1 | 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: franchise failure rates.
Source: Kentro Franchising, LLC, 2023 filing, page 51
Where Kentro Greek Kitchen locations are
At the end of 2022, Kentro Greek Kitchen had locations in 1 state. The most are in California.
- California1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| California | 0 | 1 | 1 |
Source: Kentro Franchising, LLC, 2023 filing, page 52
Who owns Kentro Greek Kitchen?
Kentro Greek Kitchen franchises are sold by Kentro Franchising, LLC.
From Kentro Franchising, LLC’s 2023 filing.
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: Kentro Franchising, LLC, 2023 filing, litigation on page 10, bankruptcy on page 10
Kentro Greek Kitchen filings
The figures on this page come from Kentro Franchising, LLC’s 2023 filing, issued October 9, 2023, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2023 filing | October 9, 2023 | NASAA depository | Costs, fees and locations, 2020–2022 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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