Great Wraps
4 Executive Park E., # 315
Atlanta, GA 30329
-
(888) 489-7277
/
(404) 248-9900
- (404) 248-0180 (Fax)
At GREAT WRAPS It's All About Flavor! Our chef-inspired recipes use zesty, hot combinations of top-quality meats, real melted cheese, fresh produce and hand-made sauces. GREAT WRAPS is already the number one Wrapped Sandwich & Hot Cheesesteak franchise. Our franchise opportunity is unique, proven and provides tremendous growth potential. We just rolled out beautiful eye-catching new designs, a fresh Logo and a revolutionary new hoodless cooking system. The new system offers tons of operational efficiencies that you can't find anywhere else. All three day parts of our powerful menu are now prepared using only space aged convection ovens. This mean no vent hoods, no unhealthy fryers or oil, no grills and no grease traps.
Franchisor Background
Year Established: 1978
Franchising Since: 1981
Operating Units
| Franchised Units |
80 |
100.0% |
| Company-Owned Units |
0 |
0.0% |
| Total Operating Units |
80 |
100% |
Geographic Distribution
| USA |
80 |
100.0% |
In 20 States
|
| Canada |
0 |
0.0% |
In 0 Provinces
|
| International |
0 |
0.0% |
In 0 Foreign Countries
|
| Total |
80 |
100% |
|
Multi-Unit Operators
| Multi-Unit Operators |
N/A |
| Franchises Owned by Multi-Unit Operators |
N/A |
North American Unit Density
| Density |
Units |
| Georgia |
22 |
| Texas |
18 |
| Florida |
8 |
Registered in the following Registration States
California, Illinois, Maryland, Michigan, New York, Virginia, Washington
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Support and Training
General Information
| IFA Member |
Yes |
| CFA Member |
No |
| Franchisee Association? |
Yes, is a member |
| Size of Corporate Staff |
11 |
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
|
Ongoing Support
| Central Data Processing |
N/A |
| Central Purchasing |
N/A |
| Field Operation Evaluation |
Included |
| Field Training |
Included |
| Initial Store Opening |
Included |
| Inventory Control |
N/A |
| Franchisee Newsletter |
Included |
| Regional or National Meetings |
Included |
| 800 Telephone Hotline |
N/A |
Training
| On-Site For Grand Openings |
5-7 Days |
| Atlanta, GA |
2 Weeks |
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Financial Requirements
Investment
| Minimum Net Worth |
$250K |
| Cash Investment |
$100K |
| Total Investment |
$137-350K |
| Average Total Investment |
$170K |
Fees
| Initial Franchise Fee |
$17.5K |
| Average Franchise Fee |
$18K |
| On-Going Royalty |
5.50% |
| Average Royalty |
5% |
| Advertising Fee |
0.50% |
Site Information and Requirements
| Average Number of Full-Time Employees |
5 |
| Average Number of Part-Time Employees |
6 |
| Space Needs (in square feet) |
350-2,000
|
| Preferred Site Types |
Strip Center, Regional Mall
|
| Other Site Types Allowed |
Airport, University |
| Encourages Conversions |
Yes |
| Item 19 (Earnings Claim) Provided? |
Yes |
| Listed in the SBA Registry? |
Yes |
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Franchisee Qualifications
| Financial Net Worth |
5 |
| General Business Experience |
3 |
| Specific Industry Experience |
3 |
| Formal Education |
3 |
| Psychological Profile |
4 |
| Personal Interviews |
4 |
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Terms of Contract
| Term of Initial Contract |
15 |
| Term of Renewal Period |
10 |
| Passive Ownership? |
Not Allowed |
Area Development
Agreements? |
Yes, for 0 years
|
Sub-Franchisor
Contracts? |
Yes |
| Franchisees Allowed to Expand Within Territory? |
Yes |
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Expansion Plans
| Projected New Units Over Next 12 Months |
15 |
| USA |
Yes, NE, SE, SW, MW |
| Canada |
No |
| Overseas |
No |
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