Start-Up Costs and Fees |
||
| Great Wraps | New York Burrito-Gourmet Wraps | |
| Investment | 159500 - 485500 | 85000 - 150000 |
| Franchise Fee | 0 | |
| Royalty Fee | 5.50% | 7% |
| Advertising Fee | ||
| Year Founded | 1974 | 1995 |
| Year Franchised | 1983 | 1996 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Great Wraps | New York Burrito-Gourmet Wraps | |
| Experience | All you need is a willingness to follow our proven systems, good communication skills, and a passion for excellence - we'll teach you the rest. Existing liquid assets (CASH) of at least $100,000 and a net worth of $250,000. With that, you are then well-positioned to approach the Lender for the rest. | General business experience Marketing skills |
Financing Options |
||
| Great Wraps | New York Burrito-Gourmet Wraps | |
| Franchise Fees | No | No |
| Start-up Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Receivables | No | No |
| Payroll | No | No |
Training & Support |
||
| Great Wraps | New York Burrito-Gourmet Wraps | |
| Training | Our two-week Training Program is extremely thorough and easy to follow. | |
| Support | Once you're open for business, we're sure that you'll find the Great Wraps a simple business to operate and our supports systems incredibly effective. | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | Co-op advertising, Ad slicks, Regional advertising | |
| Operations | International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 15 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Great Wraps | New York Burrito-Gourmet Wraps | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, | |
| Canada Expansion | 0 | |
| International Expansion | Australia,New Zealand, Canada, Central America, Middle East, South America, Western Europe, |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Great Wraps | |
| New York Burrito-Gourmet Wraps | |
| Franchise Fee | |
| Great Wraps | |
| New York Burrito-Gourmet Wraps | |
| Royalty Fee | |
| Great Wraps | 5.50% |
| New York Burrito-Gourmet Wraps | 7% |
| Advertising Fee | |
| Great Wraps | |
| New York Burrito-Gourmet Wraps | |
| Year Founded | |
| Great Wraps | 1974 |
| New York Burrito-Gourmet Wraps | 1995 |
| Year Franchised | |
| Great Wraps | 1983 |
| New York Burrito-Gourmet Wraps | 1996 |
| Term Of Agreement | |
| Great Wraps | 15 years |
| New York Burrito-Gourmet Wraps | 10 years |
| Renewal Fee | |
| Great Wraps | $5,000 |
| New York Burrito-Gourmet Wraps | $1K |
Business Experience Requirements |
|
| Experience | |
| Great Wraps | All you need is a willingness to follow our proven systems, good communication skills, and a passion for excellence - we'll teach you the rest. Existing liquid assets (CASH) of at least $100,000 and a net worth of $250,000. With that, you are then well-positioned to approach the Lender for the rest. |
| New York Burrito-Gourmet Wraps | General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Great Wraps | No |
| New York Burrito-Gourmet Wraps | No |
| Start-up Costs | |
| Great Wraps | |
| New York Burrito-Gourmet Wraps | |
| Equipment | |
| Great Wraps} | |
| New York Burrito-Gourmet Wraps | |
| Inventory | |
| Great Wraps | |
| New York Burrito-Gourmet Wraps | |
| Receivables | |
| Great Wraps | |
| New York Burrito-Gourmet Wraps | |
| Payroll | |
| Great Wraps | |
| New York Burrito-Gourmet Wraps | |
Training & Support |
|
| Training | |
| Great Wraps | Our two-week Training Program is extremely thorough and easy to follow. |
| New York Burrito-Gourmet Wraps | |
| Support | |
| Great Wraps | Once you're open for business, we're sure that you'll find the Great Wraps a simple business to operate and our supports systems incredibly effective. |
| New York Burrito-Gourmet Wraps | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Great Wraps | |
| New York Burrito-Gourmet Wraps | Co-op advertising, Ad slicks, Regional advertising |
| Operations | |
| Great Wraps | |
| New York Burrito-Gourmet Wraps | International franchisees required to buy multiple units/master licenses; 10% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 15 Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Great Wraps | |
| New York Burrito-Gourmet Wraps | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | |
| Great Wraps | 0 |
| New York Burrito-Gourmet Wraps | |
| International Expansion | |
| Great Wraps | |
| New York Burrito-Gourmet Wraps | Australia,New Zealand, Canada, Central America, Middle East, South America, Western Europe, |