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Great Wraps
GREAT WRAPS is the #1 Hot Wrapped Sandwich & Grilled Cheesesteak 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. *Recession Buster: We are offering ALL NEW FRANCHISEES 50% off the franchise fee (now only $11,250) and 3 months NO ROYALTIES for agreements signed April 15th through December 31st, 2010.
Franchisor Background
Year Established:
1978
Franchising Since:
1981
IFA Member
Operating Units:
Franchised Units:
98
99%
Company-Owned Units:
1
1%
______
_____
Total Operating Units:
99
100%
Geographic Distribution:
U.S.:
99
100%
In 20 States
Canada:
0
0%
In 0 Canadian Provinces
International:
0
0%
In 0 Foreign Countries
______
_____
Total:
99
100%
North America:
States/Provinces with the largest number of operating units:
Density
Units
1. Georgia
19
2. Florida
8
3. Texas
8
Registered in Following Registration States:
California, Illinois, Maryland, Michigan, New York, Virginia, Washington
Financial Requirements
Investment:
Minimum Net Worth:
$250K
Cash Investment:
$100K
Total Investment:
$225-350K
Average Total Investment:
$288K
Fees:
Initial Franchise Fee:
$22.5K *See special above
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?
Yes
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
