Franchise Deep Dive: Gyro Shack

Gyro Shack is a fast-casual franchise specializing in Greek cuisine, particularly gyros. It offers a variety of Greek dishes served quickly and conveniently, catering to different customer preferences through multiple revenue streams.

Gyro Shack was founded in 2009 in Boise, Idaho, by Gus Zaharioudakis, inspired by a gyro eatery he frequented while vacationing in Crete, Greece. Wanting to bring the concept to Boise with the addition of a drive-thru, Zaharioudakis leveraged his experience with local chefs to create a menu that evolved traditional Greek gyros with unique flavor combinations.

Although Zaharioudakis handed over ownership in 2015, Gyro Shack continues to honor his vision, adapting necessary changes to grow from a startup to an emerging brand. The company remains committed to the values of food and health “the Greek way” and looks forward to future growth and success. Today, there are 10 locations.

Business Model

Gyro Shack's business model focuses on multiple revenue streams, flexibility in operations and a unique position in the emerging Greek fast-food market. Here are the key components:

Multiple Revenue Streams

• Drive-Thru: Integral to the business, Gyro Shack has been offering both single and double drive-thru models since 2009.

• Dine-In: Quick-service style dine-in options for customers preferring a sit-down experience.

• Catering: A growing segment, with a program that has expanded significantly since its inception in 2016.

• Online Ordering: Providing technological solutions for customers to order online and pick up in-store.

• Partner Delivery: Additional revenue from partnering with delivery services to meet consumer demand.

Franchise Benefits

Franchise Benefits

• Emerging Category: A unique concept in a growing market.

• Simple Menu: Focus on fast, healthy food.

• Scaled Franchise Fees: Tailored for multi-unit operators.

Support and Requirements

Support and Requirements

• Operational Support: Training, opening assistance and ongoing operational support.

• Employee Requirements: Details on the number of employees required to operate a unit are provided upon inquiry.

• Single and Multi-Unit Ownership: Options to own one or multiple units.

The initial investment required to open a Gyro Shack location ranges from $263,400 to $655,900, according to Entrepreneur. Additionally, the royalty fees to invest in Gyro Shack are 6 percent of the store’s gross sales and the marketing and technology fund fees are 1.5 percent of gross sales.

The franchise fee is $34,900.

• Matt Lord – Director of Operations

• Gina Casteel – Director of Training

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