News

Gyroville expanding nationally

May 11, 2016

Gyroville, a fast casual Greek concept with nine units in Southeast Florida, is ready for national expansion, according to a company press release.

"Consumers are becoming increasingly health-conscious and aware of better eating habits; as this trend continues, so will the demand for our menu offerings," said Lambros Kokkinelis, CEO and founder of Gyroville, which opened its first restaurant in 2010. "Consumers choose Gyroville because we offer a fresh, healthy alternative to the mundane options in the crowded fast casual market. We've spent the last few years preparing to franchise and are ready to grow our brand up through Florida and across the U.S."

Initially, the Mediterranean restaurant is targeting franchise expansion efforts in the Southeastern United States. A recently signed agreement with a local entrepreneur will introduce Gyroville to Central Florida with its first franchise location opening in Orlando later this year. The company has also received strong interest from master franchise developers throughout the Southeast, Kokkinelis said.

 "Though ideal, previous restaurant experience is not required to be a Gyroville franchisee. We have a proven business model and have established systems in place that streamline all aspects of operations. Plus, we offer a three-week training program to franchisees and management,” he said.

Franchisees benefit from Gyroville's national purchasing deals, as well as a partnership with Buxton to aid in the placement of new locations, Kokkinelis said. Gyroville is also on the SBA registry and has equipment financing available through Marlin. Depending on size, location and other similar factors, the average cost to open a Gyroville is around $250,000. Ideal locations are high-trafficked lifestyle centers and require 1,000-1,400 square feet for inline locations with outdoor dining, Kokkinelis said.