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Great Wraps

2014 Franchise 500
#312
At a Glance

Products & Services: Hot wrapped sandwiches, paninis, rice bowls, salads, smoothies

Number of Locations: 75

Total Investment: $143.5K - $477.5K

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
2014 74 0 0 1
2013 72 0 0 1
2012 82 0 0 1
2011 73 0 0 1
2010 68 0 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $143,500 - $477,500
Franchise Fee: $22,500
Ongoing Royalty Fee: 5.5%
Term of Franchise Agreement: 15 years, renewable
Veteran Incentives: 50% off franchise fee
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).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 3 weeks.
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,
Other marketing support: Local store marketing

Franchise Ranking History

Franchise 500®: #312 (2014), #247 (2013), #439 (2012), #466 (2011), #472 (2010),

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