Nick the Greek Franchise

Franchised by NTG Franchising, LLC · FDD 2026

Food & Beverage FDD 2026 Founded 2018 · 8+ yrs No Item 19

Data extracted from NTG Franchising, LLC's 2026 Franchise Disclosure Document, filed under FTC Rule 16 CFR 436. How we analyze FDDs →

Initial investment
$418K - $876K
Franchise fee
$35K
System size
81 (+13)
Royalty
6%

The Verdict

Quick Verdict · who it fits

Nick the Greek fits first-time franchise buyers looking for a mid-scale food & beverage concept.

✓ Strengths

  • 81 units — strong system scale
  • No disclosed Item 3 litigation
  • Strong unit retention (0.0% closure ratio)

⚠ Risks to review

  • No Item 19 disclosure — buyers fly blind on revenue
  • No exclusive territory — franchisor can open nearby

Key FDD Facts

The numbers a buyer needs first — straight from the filing.

Initial investment (Item 7)
$418K - $876K
Franchise fee (Item 5)
$35K
Royalty (Item 6)
6% + 1% ad
System size (Item 20)
81 +13
Agreement term
10 yrs
Years in business
8+ yrs
Company-owned units
11
Item 3 litigation
None disclosed

Model Nick the Greek's costs in the investment calculator → Prefilled from this filing — startup cost, cash flow and break-even.

Buyer qualifications
No exclusive territoryOwner-operator requiredNo bankruptcy disclosedNo Item 3 litigation

Data extracted from the 2026 FDD filed with state regulators. Fees and terms may have changed since filing — request the current FDD from the franchisor before deciding. Not legal, financial, or investment advice. Full disclaimer.

What you'd pay the franchisor

Drag to your projected annual sales. Royalty 6% + ad fund 1% on gross sales.

PROJECTED ANNUAL SALES$1,450,000
$100k$2.7M
Royalty (6%)
Ad fund (1%)
Total / year
▪ Of-sales fees only · excludes rent, labor, COGS, and one-time costs · for illustration

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What's inside

Franchise Overview
Costs & Fees Breakdown
Your Obligations
Franchisor Obligations
Financial Statements
Contracts Summary
Unit Economics
Network Health
Litigation Risk
Earnings Analysis
Financial Fit Analysis
Buyer Verdict

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Research, not legal advice. Use this report alongside professional legal and financial review before signing any franchise agreement.

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Executive Summary

Free AI summary — the first read on the filing.

Key Numbers

80

Total units open

69 franchised + 11 company-owned

10 franchised units + 1 company-owned unit = 11 total

Units opened last year

1 franchised unit reacquired by franchisor

Units closed last year

12 units

Net unit growth

80 at end of 2024 vs. 68 at end of 2023

AI Due Diligence Findings PREMIUM

What our analysis flagged across the 2026 filing.

4
Risks to review
3
Strengths identified
5
Questions to ask

Industry Benchmarks

How Nick the Greek ranks against 749 Food & Beverage peers we've analyzed.

Initial investment
59th pct · of 749 peers
Franchise fee
36th pct · of 749 peers
System size
69th pct · of 749 peers
Food & Beverage industry averages
Avg investment
$589K - $1.4M
Avg franchise fee
$37K
Avg system size
261
Franchises analyzed
749

How Nick the Greek stacks up

Closest concepts by category and investment.

BrandItem 19FeeInvestmentRoyaltyUnits
Nick the Greek None $35K $418K - $876K 6% 81
Love & Honey
Similar price
Disclosed $50K $541K - $880K 6% 2
Doctor's Associates
Biggest system
None $15K $227K - $630K 8% 18,773
Vintage Hospitality Group
Top-rated in category
Disclosed $50K $3.5M - $6.4M 5.5% 33

Compare side-by-side ↗

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Frequently asked questions

How much does a Nick the Greek franchise cost?

Nick the Greek requires a $35,000 initial franchise fee and a total initial investment range of $417,750–$875,500, per the most recent FDD on file.

Who owns Nick the Greek?

Nick the Greek is franchised by NTG Franchising, LLC, the franchisor entity of record on its Franchise Disclosure Document. Item 1 of the FDD discloses the franchisor's corporate history, parents, and predecessors.

Does Nick the Greek disclose financial performance (Item 19)?

No. Nick the Greek does not include a financial performance representation in its FDD. Prospective buyers should rely on validation calls with existing franchisees and benchmark against industry medians.

What ongoing fees does Nick the Greek charge?

Franchisees pay a royalty of 6% and an advertising fund contribution of 1% on gross sales as defined in Item 6 of the FDD.

How many Nick the Greek locations are there?

As of their 2026 FDD, Nick the Greek has 81 total locations, with 13 new locations opened in the most recent reporting year. This information comes from Item 20 of the FDD.

Does Nick the Greek grant exclusive territory?

No. Nick the Greek does not grant exclusive territory rights under Item 12. The franchisor retains the right to operate or grant additional units inside or adjacent to your trade area.

What are the renewal and exit terms?

Per the FDD, Nick the Greek discloses an initial agreement term of 10 years, a renewal fee of $14,000. Review Items 10 and 17 for the full renewal and termination provisions.

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