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Great Wraps
 

GREAT WRAPS is the #1 Hot Wrapped Sandwich & Grilled Sub Franchise, and is experiencing rapid growth. That's because we offer a franchise opportunity that is unique and proven . . . and provides tremendous growth potential. We feature a powerful menu that is fresher and tastier than traditional fast food . . . and our Great Wraps Spice Bar lets customers custom-flavor their fries. No one else offers this level of choice. Our operation is extremely efficient, and is so simple to learn, you don't even need prior food experience.

Franchisor Background

Year Established:

  1978

Franchising Since:

  1986

Operating Units:

Franchised Units:70 97.2%  
Company-Owned Units:2 2.8%  
 ______ _____  
Total Operating Units:72 100%  
 

Geographic Distribution:

U.S.:72 100% In 20 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:72 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Georgia25
2. Florida10
3. Virginia7

Registered in Following Registration States:

   Illinois, Maryland, New York, Virginia

Financial Requirements

Investment:

Minimum Net Worth:$250K
Cash Investment:$70-80K
Total Investment:$230-338K
Average Total Investment:$285K
 

Fees:

Initial Franchise Fee:$22.5K
Average Franchise Fee:$22K
On-Going Royalty:5.5%
Average Royalty:5%
Advertising Fee:.5%

Average Number of Employees:

   5 Full-time, 6 Part-time

Space Needs (in square footage):

   600-2,000

Preferred Sites:

   Strip Center, Regional Mall

Other Sites:

   Airport, University

Encourage Conversions?

   Yes

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:Yes
Canadian Franchise Association:No
Franchisee Association/Member:Yes, Member
Size of Corporate Staff:8
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?Yes, Indirect
 

Marketing Support:

Co-Op Advertising:Yes
National Advertising:No
Regional Advertising:No
Local Advertising:Yes
Marketing Materials:Ad Slicks, Coupons/rebates, Direct Mailers, Radio Ads, Television Ads
Additional Services:Grand Opening, In-house Marketing, Marketing Research, Online Extranet, Press Releases, Sales Strategies
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Not Applicable
Central Purchasing:Not Applicable
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Not Applicable
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Not Applicable
 

Training:

1. Atlanta, GA2 Weeks
 

Franchisee Qualifications

Ranked from 1 (unimportant) to 5 (important):
 
Financial Net Worth:5
General Business Experience:3
Specific Industry Experience:3
Formal Education:3
Psychological Profile:4
Personal Interview(s):4

Minority Representation

Units Owned by Minorities:

African-American:5
Asian-American:10
Hispanic:0
Native American:0
Other:61 SE Asian
Specific Minority:Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.

Terms of Contract

Term of Initial Contract:15 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Allowed, But Discouraged
Area Development Agreements?No
Sub-Franchising Contracts?Yes
Franchisees Allowed to Expand Within Territory?Yes

Expansion Plans

Projected New Units Over Next 12 months:

   15
U.S.:Yes, NE, SE, SW, MW
Canada:No
Overseas:No
 
 
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