Start a Gyro Shack Franchise in 2024

Franchise 500 Rank: N/R Not ranked last year

Initial investment: $263K - $656K

Units as of 2023: 7 22% over 3 years

The Gyro Shack believes it has created a niche for itself by providing a healthy Mediterranean alternative to fast food. It was founded in 2009 by Gus Zaharioudakis after a careful and deliberate study of the Boise, Idaho, food industry. They believe the result was the creation of a delectable variety of gyro offerings that were easy on the pocket and great on the taste buds.

Since beginning to franchise in 2016, The Gyro Shack has opened several units. It is looking for more franchisees to continue its mission of changing the way people perceive Mediterranean casual food.

Why You May Want To Start a The Gyro Shack Franchise

The Gyro Shack franchise may offer many dishes, including fresh sauces, salads, and gyro. These dishes are made to order at their drive-thru and sit in outlets. The franchise also has a catering arm in addition to their dining and take-out services.

The Gyro Shack claims to be a healthy alternative to the fast-food scene, as it offers freshly made foods. It aims to bring the gyro to as many people as possible and views franchising as a way to grow and expand. A The Gyro Shack franchisee should be passionate about healthy but tasty Mediterranean food.

Other than entrepreneurial aptitude, a The Gyro Shack franchisee does not need to have any other special training to franchise with the brand. As a franchisee with The Gyro Shack, you will be buying into a unique concept in the healthy fast food category and focusing on a simple menu.

What Might Make a The Gyro Shack Franchise a Good Choice?

Opening a The Gyro Shack franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.

The Gyro Shack may achieve growth by bettering access to Mediterranean casual cuisine. This may be an underdeveloped and underserved marketing segment. The menu is simple despite its exotic offering, potentially giving it an edge in the fast-food market.

As a franchisee, you will be part of a cohesive team, so you should bring your A-game to the job. While this franchise may offer a The Gyro Shack franchisee a steady business, it will require your hands-on participation. This is not a work-from-home opportunity, neither is it part-time. The franchise allows for multi-unit ownership, but not absentee ownership.

How To Open a The Gyro Shack Franchise

To be part of The Gyro Shack franchise team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.

The Gyro Shack offers training to new franchisees and ongoing training and support on various aspects of the business. You will be expected to take part in dozens of hours of on-the-job training to go along with more than 20 hours of classroom training. In terms of marketing support, the franchise offers regional, national, and social media advertising.

Company Overview

About Gyro Shack

Industry	Food
Related Categories	Miscellaneous Quick-Service Restaurants, Sandwiches, Mediterranean Food, Food: Quick Service
Founded	2009
Parent Company	Pronomio LLC
Leadership	Seth Brink, President
Corporate Address	12426 W. Explorer Dr., #230 Boise, ID 83713
Social	Facebook, Twitter, LinkedIn, Instagram

Business Overview

Franchising Since	2016 (8 years)
# of employees at HQ	6
Where seeking	This company is offering new franchises worldwide. This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, Montana, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming
# of Units	7 (as of 2023)

Information for Franchisees

Here's what you need to know if you're interested in opening a Gyro Shack franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Definition: The initial fee paid to a franchisor to join their system What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.	$34,900
Initial Investment Definition: The total amount necessary to begin operation of the franchise What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.	$263,400 - $655,900
Net Worth Requirement Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.	$300,000 - $1,000,000
Cash Requirement Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.	$100,000 - $300,000
Veteran Incentives Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.	20% off franchise fee
Royalty Fee Definition: A ongoing fee paid to the franchisor on a regular basis. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.	6%
Ad Royalty Fee Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.	1.5%
Term of Agreement Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.	10 years
Is franchise term renewable?	Yes

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training	85 hours
Classroom Training	31 hours
Ongoing Support	Meetings & Conventions Grand Opening Security & Safety Procedures Field Operations Site Selection
Marketing Support	Ad Templates Social Media SEO Website Development Email Marketing Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?	No
Can this franchise be run from home/mobile unit? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.	No
Can this franchise be run part time? Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.	No
# of employees required to run	5-15
Are exclusive territories available? Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.	Yes