#247
At a Glance
Products & Services: Hot wrapped sandwiches, grilled subs, salads, smoothies
Number of Locations: 83
Total Investment: $137.2K - 353.7K
Founded: 1974
Began Franchising: 1983
About Great Wraps
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.Franchise Units
| Year | U.S. | Canadian | International | Company Owned |
| 2012 | 82 | 0 | 0 | 1 |
| 2011 | 73 | 0 | 0 | 1 |
| 2010 | 68 | 0 | 0 | 1 |
| 2009 | 72 | 0 | 0 | 2 |
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Startup Costs, Ongoing Fees and Financing
Total Investment: $137,200 - $353,700
Franchise Fee: $17,500
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 15 years, renewable
Franchise Fee: $17,500
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 15 years, renewable
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $100,000
Operations
8% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 8 - 10. Absentee ownership of franchise is NOT allowed. (90% of current franchisees are owner/operators).| Financing Type | In-House | Third Party |
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How This Franchise Supports Franchisees
Training: Available at headquarters: 3 weeks. At franchisee's location: 10 days.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Ad slicks, National media, Regional advertising,
Franchise Ranking History
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