Start-Up Costs and Fees |
||
| Great Wraps | Penn Station East Coast Subs | |
| Investment | 159500 - 485500 | 383844 - 613764 |
| Franchise Fee | ||
| Royalty Fee | 5.50% | to8% |
| Advertising Fee | 2-3% | |
| Year Founded | 1974 | 1985 |
| Year Franchised | 1983 | 1988 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Great Wraps | Penn Station East Coast Subs | |
| 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. | |
Financing Options |
||
| Great Wraps | Penn Station East Coast Subs | |
| 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 | Penn Station East Coast Subs | |
| Training | Our two-week Training Program is extremely thorough and easy to follow. | On-The-Job Training: 202-299 hours Classroom Training: 25-33 hours |
| 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. | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | |
| Operations | Absentee Ownership Allowed Number of Employees Required to Run: 15 | |
Expansion Plans |
||
| Great Wraps | Penn Station East Coast Subs | |
| US Expansion | ||
| Canada Expansion | 0 | 0 |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Great Wraps | |
| Penn Station East Coast Subs | |
| Franchise Fee | |
| Great Wraps | |
| Penn Station East Coast Subs | |
| Royalty Fee | |
| Great Wraps | 5.50% |
| Penn Station East Coast Subs | to8% |
| Advertising Fee | |
| Great Wraps | |
| Penn Station East Coast Subs | 2-3% |
| Year Founded | |
| Great Wraps | 1974 |
| Penn Station East Coast Subs | 1985 |
| Year Franchised | |
| Great Wraps | 1983 |
| Penn Station East Coast Subs | 1988 |
| Term Of Agreement | |
| Great Wraps | 15 years |
| Penn Station East Coast Subs | 5 years |
| Renewal Fee | |
| Great Wraps | $5,000 |
| Penn Station East Coast Subs | $2,500 |
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. |
| Penn Station East Coast Subs | |
Financing Options |
|
| Franchise Fees | |
| Great Wraps | No |
| Penn Station East Coast Subs | No |
| Start-up Costs | |
| Great Wraps | |
| Penn Station East Coast Subs | |
| Equipment | |
| Great Wraps} | |
| Penn Station East Coast Subs | |
| Inventory | |
| Great Wraps | |
| Penn Station East Coast Subs | |
| Receivables | |
| Great Wraps | |
| Penn Station East Coast Subs | |
| Payroll | |
| Great Wraps | |
| Penn Station East Coast Subs | |
Training & Support |
|
| Training | |
| Great Wraps | Our two-week Training Program is extremely thorough and easy to follow. |
| Penn Station East Coast Subs | On-The-Job Training: 202-299 hours Classroom Training: 25-33 hours |
| 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. |
| Penn Station East Coast Subs | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Great Wraps | |
| Penn Station East Coast Subs | Co-op Advertising National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Great Wraps | |
| Penn Station East Coast Subs | Absentee Ownership Allowed Number of Employees Required to Run: 15 |
Expansion Plans |
|
| US Expansion | |
| Great Wraps | |
| Penn Station East Coast Subs | |
| Canada Expansion | |
| Great Wraps | 0 |
| Penn Station East Coast Subs | 0 |
| International Expansion | |
| Great Wraps | |
| Penn Station East Coast Subs | |