Business Description

You don't have to be Greek to own this unique, fast-service Greek restaurant franchise, operating in a variety of locations such as regional mall food courts, strip centers and gas stations, with future plans in airports and free-standing. RENZIOS fills the gap between fast-food and full-service restaurants. Designed to be easily operated with minimum staff and minimum restaurant experience. Featuring the best all beef or chicken gyros pitas.

Franchisor Background

Year Established:  1986

Franchising Since:  1993

Operating Units:
Franchised Units:	9	50%
Company-Owned Units:	9	50%
Total Operating Units:	18	100.0%
Geographic Distribution: U.S.: 18 100% In 8 States Canada: 0 0% In 0 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 18 100.0%

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

Density	Units
1. Colorado	10
2. Nevada	2
3. Texas	4

Registered in Following Registration States:

Financial Requirements

Investment:
Minimum Net Worth:	$100K
Cash Investment:	$60K
Total Investment:	$130-199K
Average Total Investment:	$164K
Fees:
Initial Franchise Fee:	$15K
Average Franchise Fee:	$15K
On-Going Royalty:	5%
Average Royalty:	5%
Advertising Fee:	2%

Average Number of Employees: 3 Full-time, 5 Part-time

Space Needs (in square footage): 500-800

Preferred Sites: 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:	5
General Business Experience:	5
Specific Industry Experience:	1
Formal Education:	3
Psychological Profile:	5
Personal Interview(s):	5
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?	No
Franchisees Allowed to Expand Within Territory?	Yes
Support and Training
International Franchise Association:	No
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	8
Site Selection Assistance?	Yes
Lease Negotiation Assistance?	Yes
Financial Assistance?	Yes, Direct
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:	Not Applicable
Central Purchasing:	Included in Fees
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:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Corporate Training Center	21 Days
2. On-Location	5 Days
Expansion Plans
Projected New Units Over Next 12 months: 30 U.S.: Yes, All United States Canada: Yes, All Canada Overseas: No	Request Franchisor Info   Submit an online form to receive information from Renzios.