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The Simple Greek

The Simple Greek

According to its Franchise Disclosure Document or public business records, The Simple Greek has 18 locations, all owned by franchisees. Public SBA loan records show 9 lenders made 20 loans to franchisees of The Simple Greek. PeerSense calculates The Simple Greek's score as 40 out of 100, using public SBA loan performance and recent lending activity.

What is the The Simple Greek franchise?

Restaurant franchise buyers face a crowded field of concepts, so the central task is finding a brand that fits current consumer preferences while offering a workable operating model and room for growth. The Simple Greek operates in the fast casual segment with a customizable Greek menu built around bowls, pitas, and salads. Customers choose from fresh ingredients, supporting demand for transparency, personal choice, and healthier meals. The brand has 16 total units, and all 16 are franchised. Its 100% franchised structure centers expansion on independent owner operators rather than corporate locations. Fast casual accounts for more than $100 billion of that market and has recorded a compound annual growth rate, or CAGR, commonly cited between 8% and 10% over the last decade. The broader ethnic food market is valued at more than $100 billion, while Greek and Mediterranean food continue to attract customers because of their perceived health benefits and varied flavors. PeerSense assigns The Simple Greek a Loan Activity Score of 40, rated Fair. That score offers an initial independent view of the brand’s strength and operating structure for buyers considering a The Simple Greek franchise investment.

The segment’s recent CAGR has generally been reported in the range of 8% to 10%. Several consumer preferences support this category. Customers are paying closer attention to ingredient quality and nutrition and are seeking fresh, customizable meals instead of heavily processed food. The Simple Greek addresses that preference through fresh ingredients and a build your own format. Customers also continue to seek quick service without giving up taste, quality, or perceived value. Greek and Mediterranean food have moved beyond a niche position, supported by interest in authentic flavors and perceived health benefits. The ethnic food market is valued at well over $100 billion. Digital ordering platforms and third party delivery services have also changed how restaurant customers place orders and receive meals. Restaurants can attract franchise investment because their formats may be repeated across locations, supported by established brand recognition and operating systems. In fast casual, concepts compete through their food identity, service model, operating efficiency, and customer value. The Simple Greek’s combination of Greek cuisine, customization, and a fast casual format places it within this active segment.

A buyer evaluating The Simple Greek must consider the franchise fee, the broader initial investment, required financial resources, and continuing fees. The initial franchise fee generally gives the franchisee the right to use the brand’s trademarks, operating systems, and intellectual property. The full cost of opening a location can include real estate, a property purchase or leasehold improvements, and a kitchen build out that meets brand standards. Equipment may include cooking equipment, refrigeration, point of sale systems, dining furniture, and signage. Opening inventory must cover food, beverages, and operating supplies. Working capital may be needed for payroll, utilities, marketing, and other expenses during the period before sales become consistent. Professional services can add to the capital requirement, including legal work for a lease review and franchise agreement, accounting, and architectural design. Fast casual restaurant development often requires an initial investment from several hundred thousand dollars to well over a million dollars. The amount can vary based on the site, square footage, and condition of the existing premises. Prospective franchisees are generally expected to satisfy liquid capital and net worth requirements so they can fund the opening and retain reserves for unexpected operating needs. Continuing fees can include royalties, usually calculated as a percentage of gross sales, in exchange for ongoing brand use and support. Advertising contributions may support marketing conducted across the franchise system. A buyer should review each of these commitments when preparing a capital plan and assessing the risks of a The Simple Greek franchise investment.

The Simple Greek uses a fast casual operating model built around speed, consistency, and repeatable preparation. Daily service is generally organized around an assembly line that lets customers select fresh ingredients for a customized meal. Choices can include proteins, bases, toppings, and sauces. This format gives customers direct control over the meal while reducing kitchen complexity, limiting food waste, and supporting faster service during busy periods. Staffing needs depend on the size of the location, expected sales, and operating hours. A typical team must handle food preparation, customer service, and management. The model calls for employees who can prepare menu items accurately and quickly while maintaining a welcoming service experience. The source does not detail specific format options, but the fast casual approach may work in traditional storefronts as well as smaller locations focused on takeout and delivery. Training is a key part of franchise operations. Initial training generally covers food safety, preparation methods, customer service, inventory control, and local marketing. This training is intended to prepare franchisees and their opening management teams to operate the location. Continuing corporate support may include operating guidance, supply chain assistance, marketing for local and system campaigns, and technology for order management, customer relationships, and data analysis. Territory arrangements are generally intended to limit competition between units by defining geographic areas for franchisees. The operating model may also support multi unit development, with additional incentives and corporate resources potentially available for area development.

Possible reasons include higher average checks, efficient service models, and lower labor costs relative to sales. These figures can vary substantially with location quality, regional labor costs, local competition, and franchisee operating performance. The Simple Greek has 16 active locations, all franchised, giving the brand a 100% franchised footprint across multiple owner operators. Public Google ratings for those locations may provide qualitative information about customer satisfaction, service consistency, and local acceptance, although ratings do not replace financial analysis. The brand’s Greek and Mediterranean focus places it in a restaurant category associated with fresh food and health conscious choices. PeerSense gives The Simple Greek a Loan Activity Score of 40, rated Fair, based on factors that include brand strength, operating efficiency, and franchisee satisfaction. A prospective franchisee should research the local market, speak directly with current franchisees, and prepare financial projections using industry averages and local assumptions before estimating a potential return.

The Simple Greek has 16 total units, and every unit is franchised. The 100% franchised structure reflects growth through entrepreneurial partners rather than rapid expansion through corporate ownership. Specific net new unit counts for recent periods are not detailed, but the current unit count establishes an operating base for future development. The brand’s differentiation begins with its focus on customizable Greek cuisine. That focus gives it a distinct identity compared with more general fast casual concepts and connects with interest in flavorful, healthy, globally influenced food. Fresh ingredients and the build your own format give customers control over their meals and may support perceived value, repeat visits, and customer loyalty. The simple operating structure may also help promote consistent preparation and predictable service while requiring less complexity than some restaurant models. Restaurant technology creates additional opportunities. Digital ordering, contactless payments, and third party delivery services can help the brand reach customers who do not dine in the restaurant. These tools may support takeout and delivery sales, improve ordering convenience, and provide additional operating information. The combination of a defined food category, a flexible service model, and digital ordering opportunities gives The Simple Greek a basis for continued relevance in the fast casual market. Buyers should still test those advantages against local competition, site conditions, staffing costs, and the actual operating results of comparable units.

The Simple Greek generally seeks franchisees with business judgment, leadership ability, and a genuine interest in customer service and authentic food. Restaurant management or multi unit experience can be valuable, although it is not always required because training is intended to teach new franchisees the necessary operating skills. Knowledge of local market conditions and active participation in the community may also support long term performance. The brand encourages multi unit development for candidates with the capital, capacity, and ambition to operate more than one location. Experienced operators may gain operating efficiencies and broader market coverage across several territories. Specific available territories are not identified. New markets are assessed based on demographic characteristics that fit the target customer, including dense residential areas, busy commercial districts, and high traffic retail centers. These locations may offer visibility and customer access. From signing a franchise agreement to opening a new location, the usual period generally covers several months and often ranges from six to twelve months. That period can include site selection, lease negotiations, construction and build out, franchisee and employee training, and pre opening marketing. Franchise agreement terms are not specified in detail, but commonly extend for ten years and may include renewal options. A buyer should confirm the actual territory rights, development schedule, agreement term, renewal provisions, and related obligations in the franchise documents.

The Simple Greek has a 100% franchised system with 16 units and focuses on fresh, customizable Greek food in the fast casual market. Its model responds to interest in healthier meals, transparent ingredients, personal choice, convenient service, takeout, and delivery. The brand’s all franchise structure supports growth through owner operators. Its build your own menu can simplify preparation and give customers a consistent way to select bowls, pitas, and salads. Digital ordering, contactless payment, and third party delivery may expand customer access and support additional revenue channels. PeerSense assigns the brand a Loan Activity Score of 40, rated Fair, which provides an initial independent view of its investment profile. Before deciding, a buyer should examine the full The Simple Greek franchise cost, capital requirements, continuing fees, local market conditions, operating assumptions, and available information from current franchisees. PeerSense provides independent franchise research for buyers reviewing these factors and introduces franchise buyers to SBA and conventional lenders. PeerSense is not a lender.

Loan Activity Score

40/100

SBA Default Rate

10.0%

Active Lenders

9

18 locations

Total Units

18

18 franchised

Loan Activity Score
High
40
SBA Lending
12
Lender Quality
9
Transparency
9
Reach
7
Momentum
3

Proprietary PeerSense metric

Fair
Capital Sources
9SBA lenders

Distinct lenders in public SBA records for The Simple Greek

20

Total SBA loans

$438K

Average loan size

Source: public SBA 7(a) and 504 loan records through December 31, 2025

Referral fee at closing

SBA Lending Activity for The Simple Greek

Loan Activity Score Breakdown

Growing (10 to 24 loans)

High Confidence
40out of 100
Fair
Market Momentum3/35

Are lenders increasingly or decreasingly funding this brand? Growing trends score highest.

Loan Safety12/25

Blended default rate (recent + all time) compared to NAICS sector peers.

Lender Confidence9/15

Quality lenders actively backing this brand, with penalty for lender pullback.

Transparency9/15

FDD availability, Item 19 disclosure, and overall data completeness.

Footprint7/10

Geographic spread of SBA funded locations across states.

SBA Lending Performance

SBA Default Rate

10.0%

vs 10.3% peer avg

SBA Loans

20

Total Volume

$8.8M

Active Lenders

9

1 selective

States

14

vs. SBA Sector Average

+0.3%lower default rate

SBA loan default rate vs. all franchises in the same NAICS sector, not limited to direct competitors

Key Highlights

Data Insights

Key performance metrics for The Simple Greek based on SBA lending data

SBA Default Rate

10.0%

0.3% below peer avg

SBA Loan Volume

20 loans

Across 9 lenders

Lender Diversity

9 lenders

Avg 2.2 loans per lender

Payment Estimator

Loan Amount$400K
Interest Rate9.5%
Term (Years)10 yr

Estimated Monthly Payment

$5,176

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

The Simple Greek, unit breakdown

Total Units
N/A
Franchisee Owned
n/a
System Owned
n/a
Closed
n/a

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The Simple Greek

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