Business Description

Atlantic Canada's largest home delivery pizza chain, specializing in pizza, donair products, oven sub sandwiches and pita-wrapped sandwiches.

Franchisor Background

Year Established:  1977

Franchising Since:  1977

Operating Units:
Franchised Units:	60	98.4%
Company-Owned Units:	1	1.6%
Total Operating Units:	61	100.0%
Geographic Distribution: U.S.: 0 0% In 0 States Canada: 61 100% In 4 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 61 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. New Brunswick	21
2. Newfoundland And Labrador	5
3. Nova Scotia	23

Registered in Following Registration States:

Financial Requirements

Investment:
Minimum Net Worth:	$40K
Cash Investment:	$40K
Total Investment:	$150-180K
Average Total Investment:	$165K
Fees:
Initial Franchise Fee:	$20K
Average Franchise Fee:	$20K
On-Going Royalty:	5%
Average Royalty:	5%
Advertising Fee:	3%

Average Number of Employees: 5 Full-time, 10 Part-time

Space Needs (in square footage): 1,200

Preferred Sites: Free-standing Building, Storefront, Strip Center, Regional Mall

Other Sites:

Encourage Conversions? Yes

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	N/A
General Business Experience:	N/A
Specific Industry Experience:	N/A
Formal Education:	N/A
Psychological Profile:	N/A
Personal Interview(s):	N/A
Terms of Contract
Term of Initial Contract:	10/5/5 Year(s)
Term of Renewal Period:	Year(s)
Passive Ownership:	Allowed, But Discouraged
Area Development Agreements?	Yes, for 1 Year(s)
Sub-Franchising Contracts?	Yes
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	Yes
Franchisee Association/Member:	No
Size of Corporate Staff:	19
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	No
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	At Additional Cost
Central Purchasing:	At Additional Cost
Field Operation Evaluation:	Included in Fees
Field Training:	Included in Fees
Initial Store Opening:	Included in Fees
Inventory Control:	Included in Fees
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	At Additional Cost
800 Telephone Hotline:	Included in Fees
Training:
1. Correspondence	4 Weeks
2. Headquarters	2 Days
3. On-Site.	3 Weeks
Expansion Plans
Projected New Units Over Next 12 months: 5 U.S.: No Canada: Yes, PQ, Atlantic CAN Overseas: No	Request Franchisor Info   Submit an online form to receive information from Greco Pizza Restaurants.