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Worldly Wraps
 

Truly the world's best wraps! 17 different varieties. Also, smoothies and health drinks. Low start-up cost. Exceptional training and on-going support. This is a new market that has not yet been tapped. Take advantage of our concept and our growth program. Option to expand within territory.

Franchisor Background

Year Established:

  1994

Franchising Since:

  1995

Operating Units:

Franchised Units:24 80%  
Company-Owned Units:6 20%  
 ______ _____  
Total Operating Units:30 100%  
 

Geographic Distribution:

U.S.:30 100% In 6 States
Canada:0 0% In 0 Canadian Provinces
International:0 0% In 0 Foreign Countries
 ______ _____  
Total:30 100%  
 

North America:

States/Provinces with the largest number of operating units:
DensityUnits    
1. Kentucky10
2. Tennessee4
3. Indiana2

Registered in Following Registration States:

   California, Florida, Illinois, Minnesota, Washington

Financial Requirements

Investment:

Minimum Net Worth:$100K
Cash Investment:$90-120K
Total Investment:$200-280K
Average Total Investment:$240K
 

Fees:

Initial Franchise Fee:$19.5K
Average Franchise Fee:$20K
On-Going Royalty:6%
Average Royalty:6%
Advertising Fee:1%

Average Number of Employees:

   2 Full-time, 8 Part-time

Space Needs (in square footage):

   N/A

Preferred Sites:

   Free-standing Building

Other Sites:

  

Encourage Conversions?

   Yes

Earnings Claims Provided?

   No

Listed in the SBA Registry?

   No

Support and Training

International Franchise Association:No
Canadian Franchise Association:No
Franchisee Association/Member:No
Size of Corporate Staff:21
Site Selection Assistance?Yes
Lease Negotiation Assistance?Yes
Financial Assistance?Yes, Direct
 

Marketing Support:

Co-Op Advertising:No
National Advertising:No
Regional Advertising:No
Local Advertising:No
Marketing Materials:None Specified
Additional Services:None Specified
Other Marketing Support:None Specified
 

On-Going Support:

Central Data Processing:Included in Fees
Central Purchasing:Included in Fees
Field Operation Evaluation:Included in Fees
Field Training:Included in Fees
Initial Store Opening:Included in Fees
Inventory Control:Included in Fees
Franchisee Newsletter:Included in Fees
Regional or National Meetings:Included in Fees
800 Telephone Hotline:Included in Fees
 

Training:

1. Headquarters8 Weeks
2. Pre-0pening3 Weeks
 

Franchisee Qualifications

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

Minority Representation

Units Owned by Minorities:

African-American:N/A
Asian-American:N/A
Hispanic:N/A
Native American:N/A
Other:N/A
Specific Minority:N/A

Terms of Contract

Term of Initial Contract:10 Year(s)
Term of Renewal Period:10 Year(s)
Passive Ownership:Not Allowed
Area Development Agreements?Yes, for 1 Year(s)
Sub-Franchising Contracts?No
Franchisees Allowed to Expand Within Territory?No

Expansion Plans

Projected New Units Over Next 12 months:

   4
U.S.:Yes, South, Southeast
Canada:No
Overseas:No
 
 
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