Santorini Island Grill Franchise

Wednesday

Jun022010

Greek restaurant

Start-up Costs & Franchises Fees

What is the total cost to open a Santorini Island Grill Franchises?

Total Cost: $154,500-$273,000 USD
Total Franchise Fees: $29,500
Ongoing Royalty Fees: 6%
Ongoing Advertising Fees: Not Available
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: 25% of then-current fran. fee

Contact Information for Santorini Island Grill

Santorini Island Grill
10545 Scripps Poway Pkwy., #D
San Diego, CA
92131

Phone Number: (858)675-7455
Fax Number: (858)693-8600

Franchise Homepage:

Santorini Island Grill In the Press

No results at this time.

Historical Expansion

In what year did Santorini Island Grill begin operations? 1999
When did Santorini Island Grill begin selling franchises? 2006

Future Expansion

United States: Nationwide

Countries of Interest:

Franchise Financing Information

Cost In House Financing Available? 3rd Party Financing Available?

Franchise Fee Yes No

Initial Start-up Capital No No

Plant, Property, and Equipment No Yes

Inventory No Yes

Accounts Receivable No No

Payroll No No

Cost	In House Financing Available?	3rd Party Financing Available?
Franchise Fee	Yes	No
Initial Start-up Capital	No	No
Plant, Property, and Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	No
Payroll	No	No

Training & Support

Training
* Available at headquarters: 3 weeks

* At franchisee's location: 3-4 weeks

Franchise Operation Restrictions

* Number of employees needed to run franchised unit: 6 - 6
* Absentee ownership of franchise is allowed. (100% of current franchise business owners are owner/operators)

Franchise Analyzer Professional's Inside Information

Can you buy this franchise for no money down? Yes
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes

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