How much does a Nick the Greek franchise cost?
Opening a Nick the Greek franchise takes a total initial investment of $417,750 to $875,500, according to the brand's 2026 Franchise Disclosure Document. The FDD's Item 19 reports median unit volume for all 53 nick the greek restaurants of $1,554,705 across 53 outlets.
Nick the Greek franchises Nick the Greek restaurants. Category: Food & Beverage.
Item 7
What it costs to open a Nick the Greek franchise
The franchisor's own estimated initial investment, as disclosed in its 2026 FDD. The total is $417,750 to $875,500. Each line below carries the FDD page it was read from.
Where the money goes
The largest costs are LEASEHOLD IMPROVEMENTS ($193,000 to $450,000), EQUIPMENT ($60,000 to $108,000), and ADDITIONAL FUNDS - 3 Months ($30,000 to $60,000). Together they make up about 71% of the high-end estimate.
The initial franchise fee is $35,000, about 8.4% of the low-end total.
Our arithmetic from the Item 7 table below.
| Expenditure | Low | High | Source |
|---|---|---|---|
| INITIAL FRANCHISE FEE2026 FDD, Item 7, p. 10 | $35,000 | $35,000 | 2026 FDD, Item 7, p. 10 |
| RENT2026 FDD, Item 7, p. 10 | $8,000 | $16,000 | 2026 FDD, Item 7, p. 10 |
| LEASE, UTILITY & SECURITY DEPOSITS2026 FDD, Item 7, p. 10 | $8,500 | $16,500 | 2026 FDD, Item 7, p. 10 |
| LICENSES & PERMITS2026 FDD, Item 7, p. 10 | $6,000 | $30,000 | 2026 FDD, Item 7, p. 10 |
| DESIGN & ARCHITECTURAL FEES2026 FDD, Item 7, p. 10 | $8,700 | $24,500 | 2026 FDD, Item 7, p. 10 |
| LEASEHOLD IMPROVEMENTS2026 FDD, Item 7, p. 10 | $193,000 | $450,000 | 2026 FDD, Item 7, p. 10 |
| SIGNAGE2026 FDD, Item 7, p. 10 | $4,750 | $22,000 | 2026 FDD, Item 7, p. 10 |
| FURNITURE & FIXTURES2026 FDD, Item 7, p. 10 | $22,000 | $37,500 | 2026 FDD, Item 7, p. 10 |
| POS/ | $8,000 | $20,000 | 2026 FDD, Item 7, p. 10 |
| EQUIPMENT2026 FDD, Item 7, p. 10 | $60,000 | $108,000 | 2026 FDD, Item 7, p. 10 |
| PROFESSIONAL SERVICES2026 FDD, Item 7, p. 10 | $1,500 | $5,000 | 2026 FDD, Item 7, p. 10 |
| INITIAL INVENTORY2026 FDD, Item 7, p. 10 | $15,500 | $22,000 | 2026 FDD, Item 7, p. 10 |
| INSURANCE2026 FDD, Item 7, p. 10 | $1,800 | $4,000 | 2026 FDD, Item 7, p. 10 |
| TRAVEL & LIVING EXPENSES WHILE TRAINING2026 FDD, Item 7, p. 11 | $5,000 | $10,000 | 2026 FDD, Item 7, p. 11 |
| GRAND OPENING ADVERTISING2026 FDD, Item 7, p. 11 | $10,000 | $15,000 | 2026 FDD, Item 7, p. 11 |
| ADDITIONAL FUNDS - 3 Months2026 FDD, Item 7, p. 11 | $30,000 | $60,000 | 2026 FDD, Item 7, p. 11 |
| Total estimated initial investment2026 FDD, Item 7, p. 10-11 | $417,750 | $875,500 | 2026 FDD, Item 7, p. 10-11 |
Source Nick the Greek, 2026 FDD, Item 7, p. 10-11, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-14.
Item 19
What Nick the Greek franchisees actually report earning
Median Unit Volume for all 53 Nick the Greek restaurants
$1,554,705
Nick the Greek's 2026 FDD, Item 19, for the January 1, 2025 through December 31, 2025 ("Reporting Period"). Basis: 53 franchised Nick the Greek restaurants meeting the stated qualifications.
Sample size: 53 outlets. The FDD also reports average unit volume for all 53 nick the greek restaurants of $1,578,875. We lead with the median because an average is pulled upward by the strongest outlets; the median is the middle outlet.
What the franchisor excluded from this figure
- 15 franchised Nick the Greek restaurants that were opened and operational on January 1, 2025 were not opened and operational on or before November 30, 2024, and therefore were not included in this Item 19.
- 13 franchised Nick the Greek restaurants that were open and operational for the entire period from November 30, 2024 through December 31, 2025 did not conform their financial reporting to meet the franchisor's financial reporting standards during the Reporting Period and therefore were also not included in this Item 19.
This is a disclosure of what some existing outlets reported, not a projection of what a new Nick the Greek outlet would earn. Your results will differ.
Source Nick the Greek, 2026 FDD, Item 19, p. 44-48, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-14.
Item 20
How many Nick the Greek outlets there are, and how many closed
Nick the Greek ended 2025 with 81 franchised outlets and 12 company-owned outlets. In that year 13 franchised outlets opened and 1 left the system.
Three years at a glance
From 2023 through 2025, Nick the Greek opened 44 franchised outlets and 2 outlets left the system. That is a net gain of 42, from 39 to 81 franchised outlets. Of the outlets that left, 1 was terminated and 1 closed for other reasons.
On average, about 1.2% of franchised outlets left the system each year, roughly 1 in 84.
Our arithmetic from the FDD's Item 20 table below. "Left the system" counts every outlet the franchisor reports as terminated, not renewed, bought back, or closed for other reasons.
| Year | Start | Opened | Terminated | Non-renewed | Reacquired | Ceased, other | End | Source |
|---|---|---|---|---|---|---|---|---|
| 2025 | 69 | 13 | 0 | 0 | 0 | 1 | 81 | 2026 FDD, Item 20, p. 50 |
| 2024 | 59 | 11 | 1 | 0 | 0 | 0 | 69 | 2026 FDD, Item 20, p. 50 |
| 2023 | 39 | 20 | 0 | 0 | 0 | 0 | 59 | 2026 FDD, Item 20, p. 50 |
Source Nick the Greek, 2026 FDD, Item 20, p. 49-50, via Public FDD bucket (storage.googleapis.com/franchiseindx_fdds) (source record). Figures read and verified 2026-09-14.
Compare
How Nick the Greek compares with other Food & Beverage franchises
Measured against the 256 Food & Beverage franchises on this site, using each brand's own FDD.
- Cost to open. The middle of Nick the Greek's estimated range is $646,625. It costs more to open than 55% of Food & Beverage franchises here.
- Outlets leaving each year. 1.2% for Nick the Greek. That is lower than 89% of the 165 Food & Beverage franchises with at least 10 outlets.
- Three-year growth. Nick the Greek's franchised system grew 108%. The typical Food & Beverage franchise here grew 4.4%.
- Earnings disclosure. 152 of the 256 Food & Beverage franchises here publish earnings figures in Item 19. Nick the Greek is one of them.
Our arithmetic from each brand's Item 7 and Item 20. Growth and departure comparisons leave out brands with fewer than 10 outlets, where one opening or closure distorts the figures. See every Food & Beverage franchise side by side.
Alert me when Nick the Greek files a new FDD
Franchisors reissue their FDD at least once a year, and the Item 7 and Item 19 figures move. Leave an email and we will send you Nick the Greek's updated numbers when the next document is published, plus the brand-comparison worksheet.
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