Nick the Greek franchise
2026 filing · April 30, 2026Shares sales figures
Nick the Greek at a glance
A family-friendly Greek restaurant serving gyros, souvlaki, falafel, burgers, soups, salads and desserts. At the end of 2025 there were 93 Nick the Greek locations in the US, 81 franchised and 12 company-owned.
The business
- Franchisor
- NTG Franchising, LLC
- The company that sells the franchises
- Typical size
- 1,200–2,000 sq ft
What you pay
- Cost to open
- $418K–$876K
- Fee, build-out and opening working capital
- Franchise fee
- $35,000
- $28,000 for an additional location once the first is open
- Royalty
- 6%
- 6% of weekly gross revenues, plus 2% to the system marketing fund and a $300 monthly technology fee
- Brand fund
- 2%
- 2% of gross revenue, paid weekly
- Agreement length
- 10 years
Where it is
- US locations, 2025
- 93
- Franchised and company-owned
- Franchised
- 81
- Company-owned
- 12
- States
- 8
- Most in California, Texas and Nevada
Support and records
From NTG Franchising, LLC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Nick the Greek among all franchises with the same figure.
| Figure | Nick the Greek | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $646,625 | Costs more than 73% of franchises |
| Franchise feePaid once, when you sign | $35,000 | Lower than 61% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6% | Higher than 35% of brands with a set rate |
| US locationsFranchised and company-owned | 93 | More than 75% of franchises |
How much a Nick the Greek franchise costs
Opening one Nick the Greek costs an estimated $417,750 to $875,500. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are leasehold improvements ($193,000 to $450,000) and equipment ($60,000 to $108,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $35,000 | ||
| Rent | $8,000 | $16,000 | |
| Lease, Utility & Security Deposits | $8,500 | $16,500 | |
| Licenses & Permits | $6,000 | $30,000 | |
| Design & Architectural Fees | $8,700 | $24,500 | |
| Leasehold Improvements | $193,000 | $450,000 | |
| Signage | $4,750 | $22,000 | |
| Furniture & Fixtures | $22,000 | $37,500 | |
| POS/Computer Back Office System | $8,000 | $20,000 | |
| Equipment | $60,000 | $108,000 | |
| Professional Services | $1,500 | $5,000 | |
| Initial Inventory | $15,500 | $22,000 | |
| Insurance | $1,800 | $4,000 | |
| Travel & Living Expenses While Training | $5,000 | $10,000 | |
| Grand Opening Advertising | $10,000 | $15,000 | |
| Additional Funds - 3 Months | $30,000 | $60,000 | |
| Total | $417,750 | $875,500 | |
Source: NTG Franchising, LLC, 2026 filing, page 15
Nick the Greek franchise fee
The franchise fee is $35,000, $28,000 for an additional location once the first is open. You pay it when you sign the franchise agreement.
Source: NTG Franchising, LLC, 2026 filing, page 9
Royalty and ongoing fees
| Royalty | 6% of weekly gross revenues, plus 2% to the system marketing fund and a $300 monthly technology fee. |
|---|---|
| Brand or marketing fund | 2% of gross revenue, paid weekly. |
| Technology Fee | $300 per month |
| Additional Training Fee | $500 per trainer per day, plus expenses |
| Local Advertising Requirement | Up to 1% of gross revenue |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: NTG Franchising, LLC, 2026 filing, page 10
Other fees as filed, from pages 10–11. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Nick the Greek publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: NTG Franchising, LLC, 2026 filing, page 49
- Estimate Estimated yearly sales per location
- $730K–$1.3M
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
SBA loans to Nick the Greek franchisees
Lenders approved 11 SBA 7(a) loans for Nick the Greek franchisees from 2021 to 2026, $7.09M in all. All 4 that have ended were paid in full; none was charged off. The other 7 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How Nick the Greek compares
Of the 309 fast food franchises on this site, Nick the Greek is the 187th cheapest to open and the 78th largest by number of locations.
| Figure | Nick the Greek | Typical fast food brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $418K | $353K | $222K |
| Cost to open, high end | $876K | $786K | $477K |
| Franchise fee | $35K | $35K | $40K |
| Royalty | 6% | 6% | 6% |
| Brand fund | 2% | 2% | 2% |
| US locations | 93 | 23 | 21 |
| Change in franchised locations, 0 yrs | +107.7% | +5.2% | – |
| 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 |
|---|---|---|
| 2023 | 59 (+20) | 9 |
| 2024 | 69 (+10) | 11 |
| 2025 | 81 (+12) | 12 |
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: NTG Franchising, LLC, 2026 filing, page 54
Where Nick the Greek locations are
At the end of 2025, Nick the Greek had locations in 8 states. The most are in California, Texas and Nevada.
- California78
- Texas5
- Nevada3
- Arizona2
- Missouri2
- Kansas1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| California | 68 | 10 | 78 |
| Texas | 3 | 2 | 5 |
| Nevada | 3 | 0 | 3 |
| Arizona | 2 | 0 | 2 |
| Missouri | 2 | 0 | 2 |
| Kansas | 1 | 0 | 1 |
| Tennessee | 1 | 0 | 1 |
| Utah | 1 | 0 | 1 |
Source: NTG Franchising, LLC, 2026 filing, page 55
Who owns Nick the Greek?
Nick the Greek franchises are sold by NTG Franchising, LLC.
From NTG Franchising, LLC’s 2026 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: NTG Franchising, LLC, 2026 filing, litigation on page 9, bankruptcy on page 9
Nick the Greek filings
The figures on this page come from NTG Franchising, LLC’s 2026 filing, issued April 30, 2026, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2026 filing | April 30, 2026 | NASAA depository | Costs, fees and locations, 2023–2025 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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