Taka Taka
Mike Stamatios opened his first Greek street food restaurant in Corfu in the 1990s before bringing the idea to Bristol. Seven sites now trade across Bristol, Bath and Bournemouth. Minimum investment £70,000 with an outlet fee of £15,000. Weekly revenue after two years is put at £18,000 to £20,000.
About Taka Taka
Founder Miaris ‘Mike’ Stamatios opened his first Greek street food restaurant Taka Taka in Corfu in the 1990s, and after a few years, the opportunity arose for him to come to the UK and he decided to open the Taka Taka Triangle food restaurant in Queens Row, Bristol. It has now expanded to four locations in Bristol, two in Bath and one in Bournemouth.
The business said: “Our food is not inspired from authentic Greek food, it’s as close as you’ll get from outside Greece. Everything about our food is to bring the Mediterranean to our restaurants and deliver the same taste that you would get from a small village in Greece. From our meat to our marinade to the olive oil, everything is sourced directly from Greece.”
In 2023, Taka Taka won a legal battle with Bristol City Council to keep its site in Bristol’s Broad Quay open until 3am at weekends. Stamatios told the licensing hearing that the chain was popular with emergency service workers on night shifts and was highly popular on delivery apps.
He said: “In the town centre of Bristol, God bless to the other businesses, everybody has fried burgers, fried burgers, fried burgers. We don’t do fried, we do grilled, and we don’t have freezers. That’s why the people of Bristol make us the most successful brand. We are the number one brand on deliveries for the past four years, even beating McDonald’s.”
Why franchise with Taka Taka
- Minimum investment is £70,000 and total investment £120,000-£300,000. Territory fee is £2, 500 and outlet fee £15,000. Expected revenue after two years is £18,000-£20,000 per week, with a first year ROI of 40%.
- The model is based on three different concepts: Restaurant (120 to 200 sqm and ten to 12 tables), Takeaway (80 to 120 sqm and two to four tables) and kiosk (70 to 100 sqm and no tables).
- Taka Taka is offering a five-year franchise agreement, renewable for a further five years at no extra cost, subject to achieving the necessary criteria for £15,000. The franchise agreement can then be renewed for another five-plus-five years (after the first ten years) on the terms applicable at the time of signing the new agreement.
- Initial training will involve both classroom training and on-the-job training, and just prior to opening, during opening and a number of days after opening, Taka Taka will have a team working in your restaurant to ensure you have a smooth successful launch. Support continues throughout your whole journey through operations managers and the head office support department.
- The company said: “We have a hugely experienced team to make sure that the rollout of every single Taka Taka franchise is flawless. As our franchisee, all this expertise will be at your fingertips. We are seeking experienced and talented franchisees who wish to capitalise on this incredible opportunity by investing in the brand and opening Taka Taka outlets over time.”
Investment breakdown
| Minimum investment | £70,000 |
|---|---|
| Maximum investment | £300,000 |
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