Nick the Greek
Food & Beverage · Fast-Casual Restaurants
- Active units
- 81
- Royalty
- 6.0%
Franchised, year-end 2025
of weekly Net Sales
About Nick the Greek
Nick The Greek is a modern restaurant concept that was born out of a desire to bring quality gyros to their hometown. It all started when one of the three close-knit cousins, Nick (Baby Nick), returned from Greece and realized the lack of authentic gyros options. Leveraging their second-generation restaurateur expertise, the cousins, including Nick (Big Nick) and Nick (Little Nick), decided to create their own brand. Since then, Nick The Greek has become a highly popular and successful multi-unit chain offering delicious Greek cuisine. With a commitment to quality and authenticity, Nick The Greek serves up mouthwatering gyros and other Greek delicacies. They have developed a reputation for their flavorful and perfectly seasoned meats, crispy falafels, and fresh, vibrant ingredients. Whether you're craving a traditional lamb gyro or a vegetarian-friendly falafel wrap, Nick The Greek has something to satisfy every appetite. With their ongoing success and growth, Nick The Greek also offers exciting franchise opportunities for aspiring restaurateurs. Don't miss out on experiencing the flavors of Greece at Nick The Greek!.
Key terms
- Franchise fee
$35k
- Reduced fee for additional locations
Initial franchise fee is $28,000 for each additional location after the first is open
- Brand fund
2.0% of Net Sales
- Local advertising
1.0% of Net Sales
- Footprint
1,200 – 2,000 sq ft
- Veteran discount
Not offered
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2026 filing); filings on file: 2025, 2026.
Growth
- Total locations81
Franchised units open at year-end
- New openings13
Gross new units opened during the calendar year
- 1-year unit growth rate17.4%
Net unit growth versus prior year
- 3-year unit CAGR17.2%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio13.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)$1.3M
All revenues from food, beverages, services and other items (in-store, carry-out, online, delivery, vouchers, catering, gift card redemptions, merchandise, and…
- Annual unit volume (75th percentile)$1.9M
All revenues from food, beverages, services and other items (in-store, carry-out, online, delivery, vouchers, catering, gift card redemptions, merchandise, and…
- 1-year Median AUV growth rate—
Year-over-year change in median AUV
- Store-level EBITDA Margin—
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$647k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open—
Midpoint of average time from agreement to opening
- Royalty rate6.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns—
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.