Nick the Greek
The total investment to open a Nick the Greek franchise ranges from $177,500 to $822,500. The initial franchise fee is $35,000. Ongoing royalties are 6% plus a 1% advertising fee.
What is the Nick the Greek franchise?
Nick the Greek is a restaurant where customers can order Greek street food. The estimated total initial investment is $177,500 to $822,500, and the initial franchise fee is $35,000, according to the 2025 Franchise Disclosure Document.
The company was founded in 2014 and is headquartered in Daly City, California.
Loan Activity Score
69/100
SBA Default Rate
0.0%
Active Lenders
6
According to its Franchise Disclosure Document or public business records, Nick the Greek has 6 locations, all owned by franchisees. Public SBA loan records show 6 lenders made 8 loans to franchisees of Nick the Greek. PeerSense calculates Nick the Greek's score as 69 out of 100, using public SBA loan performance and recent lending activity. Cost figures are based on the 2025 Franchise Disclosure Document.
Franchising since 2014 · 6 locations
$177,500 to $822,500
$35,000
6
6 franchised
Proprietary PeerSense metric
StrongDistinct lenders in public SBA records for Nick the Greek
8
Total SBA loans
$470K
Average loan size
Source: public SBA 7(a) and 504 loan records through December 31, 2025
Referral fee at closing
SBA Lending Activity for Nick the Greek
Loan Activity Score Breakdown
Emerging (3 to 9 loans)
Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.
Blended default rate (recent + all time) compared to NAICS sector peers.
Quality lenders actively backing this brand, with penalty for lender pullback.
FDD availability, Item 19 disclosure, and overall data completeness.
Geographic spread of SBA funded locations across states.
SBA Lending Performance
SBA Default Rate
0.0%
vs 10.3% peer avg
SBA Loans
8
Total Volume
$3.8M
Active Lenders
6
2 selective
States
1
vs. SBA Sector Average
SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors
Key Highlights
Franchise Financing Resources
Data Insights
Key performance metrics for Nick the Greek based on SBA lending data
SBA Default Rate
0.0%
10.3% below peer avg
SBA Loan Volume
8 loans
Across 6 lenders
Lender Diversity
6 lenders
Avg 1.3 loans per lender
Investment Tier
Significant investment
$177,500 to $822,500 total
Nick the Greek: Deep SBA Data
Brand specific metrics derived directly from SBA 7(a) approval records: peak lending year, leading state, average loan size, and lender concentration. PeerSense computes these per brand so capital advisors and prospective franchisees can benchmark this opportunity against the rest of the franchise universe.
Peak SBA Year
2023
3 approvals. The best year on record for Nick the Greek.
Top SBA State
California
8 SBA financed Nick the Greek locations, the densest operator footprint.
Average Loan Size
$470K
Median $351K. Use as a sizing anchor when modeling your own Nick the Greek unit.
Lender Concentration
62.5%
Concentrated
Share of Nick the Greek approvals captured by the top 3 SBA lenders.
Nick the Greek's SBA lending pipeline peaked in 2023 (3 approvals). The last five fiscal years account for 100% of cumulative volume ($3.8M approved). Operator density is highest in California with 8 SBA financed locations. Average funded ticket sits at $470K, with the median at $351K. Lender mix is concentrated: the top three SBA lenders account for 62.5% of approvals. Credit decisions concentrate with a small group of incumbents.
Payment Estimator
Estimated Monthly Payment
$1,837
Principal & Interest only
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.
Locations
Nick the Greek, unit breakdown
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Page Review
Reviewed by Edward L. Freeman, Founder and Managing Director, PeerSense
- PeerSense is a capital advisory firm that places commercial financing with direct capital sources; it does not lend, fund, or approve loans, and the capital source sets final terms.
- Edward L. Freeman founded PeerSense in January 2020.
- He is a Registered Franchise Consultant with Business Alliance, Inc., a credential issued in March 2022, and worked as a franchise consultant there from March 2022 to May 2023.
- His recorded experience includes a $22 million SBA construction loan, with about $16 million funded on the deal.
- In the 12 months through September 30, 2026, PeerSense tracked 912 publicly announced financings with a disclosed size of $361.32 billion. PeerSense Capital Data Report · Methodology page
Last reviewed LinkedIn profileAbout Edward Freeman