Wednesday
May262010
Great Wraps Franchise
Wrap sandwiches
Great Wraps served its first hot wrapped sandwich in 1974, providing customers with a quick alternative to hamburgers. Today the company offers a menu that includes tortilla and pita wraps, cheesesteaks and smoothies.
Start-up Costs & Franchises Fees
What is the total cost to open a Great Wraps Franchises?
Total Cost: $212,600-$316,200
Total Franchise Fees: $19,500
Ongoing Royalty Fees: 5.5%
Ongoing Advertising Fees: Not Available
Term of Agreement: 15 years
Franchise Agreement Renewal Fee: $5000
Contact Information for Great Wraps
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Great Wraps Inc. |
Phone Number: (404)248-9900 |
Historical Expansion
In what year did Great Wraps begin operations? 1974
When did Great Wraps begin selling franchises? 1983
Year United States Canada International Corporate 2006 86 0 0 1 2005 76 0 0 1 2004 61 0 0 1 2003 57 0 0 0
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No Yes Initial Start-up Capital No Yes Plant, Property, and Equipment No Yes Inventory No Yes Accounts Receivable No No Payroll No No
Franchise Analyzer Professional's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must download a free copy of Franchise Analyzer Professional to receive these benefits and so much more. Click here to download your FREE copy now.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes