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Gyro Shack

Gyro Shack, founded in 2009 by Gus Zaharloudakis in Boise, Idaho, is a Greek gyro eatery with a unique drive-thru concept that evolved from Gus's passion for Greek food and his experience working with local chefs. Despite changes since new ownership in 2015, Gyro Shack strives to maintain the vision Gus had for the brand, aiming to become a mature brand in the future.

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Gyro Shack
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Gyro Shack Franchise Cost and Requirements for 2024

Background

Gyro Shack is a young Quick-Service Restaurant Franchise founded in 2009 by Gus Zaharioudakis in Boise, ID. While visiting Crete, Greece on a family vacation, Gus frequented a small roadside Gyro stand daily. He saw the simplicity of the operation and was looking for a business opportunity to start in the U.S. Upon seeing the gyro stand Gus declared, "I can do this in Boise!" Gus promptly went back to Boise and started Gyro Shack in a defunct 125 s.f. double drive-thru coffee shop.

Over the next couple of years Gus leased another old coffee shop and spent his time expanding the menu, creating new and unique flavor combinations on the foundation of the traditional Chicago-style gyro. This creativity, and Gus's passion for food quality and service allowed him to steadily grow Gyro Shack for the next few years.

In 2015 Gus realized he was spending more and more of his time managing operations and less time making food and interacting with guests. He decided he needed help if Gyro Shack was going to get as large as he hoped it would. After much contemplation Gus sold his interest and took a step back to work on other business ventures.

Today Gyro Shack is as poised as ever to grow the Mediterranean food segment. We strive to stay close to Gus's original vision of a simple menu and operations while creating systems and processes to allow easier scalability. We are growing in the Southwestern U.S. with corporate locations Tucson, AZ and franchise locations in Albuquerque, NM. We are seeking like-minded individuals looking to join a quick-service restaurant Brand in a food segment with an abundance of runway ahead of it!

Company Details

Established: 2009
First Unit Franchised: 2020
Franchised Units: 2
Company Owned Units: 7
States Registered In: Alabama - AL, Alaska - AK, Arizona - AZ, Arkansas - AR, Colorado - CO, Delaware - DE, Georgia - GA, Idaho - ID, Iowa - IA, Kansas - KS, Louisiana - LA, Maine - ME, Massachusetts - MA, Mississippi - MS, Missouri - MO, Montana - MT, Nevada - NV, New Hampshire - NH, New Jersey - NJ, New Mexico - NM, North Carolina - NC, Ohio - OH, Oklahoma - OK, Oregon - OR, South Carolina - SC, Tennessee - TN, Texas - TX, Utah - UT, Vermont - VT, West Virginia - WV, Wyoming - WY
Canada Franchises: No
International Franchises: No

Support and Training Offered By Gyro Shack

Financial Assistance Provided: No
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: No
Cooperative Advertising: Yes
Training:
Franchisee's receive 120 hours of training prior to opening their first Gyro Shack.

2024 Franchise Requirements Needed to Own a Gyro Shack Franchise.

What does a Gyro Shack Franchise Cost?

Gyro Shack franchise fees for 2024:

Cash Investment: $100,000 - $300,000
Total Investment: $263,400 to $655,900
Minimum Net Worth: $300,000
Franchise Fee: $34,900
Royalty: 6%
Ad: 1.50%
Item 19: Yes
Average Number of Employees: 12
Visa Candidates: No
Passive Ownership: Yes
Home-Based: No
B2B: No
Master Franchise Opportunities: Yes
Veteran Discount: Yes

Is Gyro Shack a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. Gyro Shack is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is Gyro Shack a Home Based franchise?

No. Gyro Shack is not a home based franchise opportunity.

What Do Gyro Shack Franchise Owners Make?

Click here to find out how much Gyro Shack franchisees make. Gyro Shack offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Gyro Shack a Master Franchise Opportunity?

No. Gyro Shack is not a master franchise opportunity.

Does Gyro Shack Offer a Veteran Discount?

Yes. Gyro Shack franchise does offer a veteran discount.

Does Gyro Shack Work with E2 Visa and EB-5 Visa Candidates?

No. Gyro Shack franchise does not work with E2 Visa and EB-5 Visa candidates.

Is Gyro Shack Looking for Franchisees in Canada?

No. Gyro Shack franchise is not looking for Canada franchisees.

Is Gyro Shack Looking for International franchisees?

No. Gyro Shack franchise is not looking for International franchisees.

Where can I see Gyro Shack's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Food & Restaurants

Number of Units Open

LESS THAN 20 UNITS

Cash Required

More than $250,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

No

Gyro Shack Franchises for Sale

Click Here to inquire about existing Gyro Shack franchises for sale. We may have Gyro Shack franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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