Great Wraps

Founded: 1974 Franchising since: 1983
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.

4 Executive Pk. E., #315 Atlanta, Georgia 30329

Phone: (404)248-9900

Franchisor has 15 employee(s); 15 employee(s) in franchise department.

Franchise Growth

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	72	0	0	2
2008	76	0	0	3
2007	86	0	0	1
2006	86	0	0	1
2005	76	0	0	1

Where Seeking Franchisees
Not available in the U.S.

Exclusive territories available.

Total investment: $217.1K-320.7K Franchise fee: $22.5K

Ongoing royalty fee: 5.5% Term of agreement: 15 years, renewable

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	No
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	Yes
Payroll	No	Yes

Qualifications
Net worth requirement: $250K
Cash liquidity requirement: $85K
Business Experience:

• General business experience

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)

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

Marketing Support

• Ad slicks
• National media
• Regional advertising

Franchise 500® rank:
#350 (2008); #219 (2007); #315 (2006);