Great Wraps
Yes, we actively support the inclusion and development of minority-owned franchises in the Great Wraps system.
Great Wraps
4 Executive Park E., # 315
Atlanta, GA 30329
800#: (888) 489-7277
Tel: (404) 248-9900 + 16
Fax: (404) 248-0180
E-mail: franchise@greatwraps.com
Web Site: www.greatwraps.com
Contact: Mr. Dan Reed, Director Franchise Development
GREAT WRAPS is the #1 Hot Wrapped Sandwich & Grilled Sub Franchise, and is experiencing rapid growth. That's because we offer a franchise opportunity that is unique and proven . . . and provides tremendous growth potential. We feature a powerful menu that is fresher and tastier than traditional fast food-like the Santa Fe Chicken Wrap, our signature GyroWrap, BuffaloWrap and Grilled PhillyCheesesteaks. Our operation is extremely efficient and so simple to learn, you don't even need prior food experience.
Franchisor Background
Established: 1978
First Franchise: 1986
Franchise Units: 86
Company-Owned Units: 1
Total Units: 87
Distribution:
> North America -- Operations in 23 States
> States/Provinces with Greatest Density: 29 in GA, 13 in CA, 6 in FL
Units Owned by Minorities:
>African-American: 5
>Hispanic: 0
>Asian-American: 10
>Native American: 0
>Other: 61 SE Asian
Average Number of Employees: 5 FT, 6 PT (FT = Full Time, PT = Part Time)
Space Needs: 600-1,500 SF; RM, SC, Airport, Univer.
(for abbreviations click here)
Financial Requirements
Cash Investment: $70-80K
Total Investment: $210-310K
Average Total Investment: $260K
Minimum Net Worth: $250K
Fees
>Franchise: $19.5K
>Average Franchise Fee: $19K
>Royalty: 5.5%
>Advertising: .5%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 15/10
Passive Ownership: Discouraged
Area Development Agreements:Yes/15 Yrs.+
Sub-Franchising Contracts: Yes
Expand In Territory:Yes
Franchisor Support and Training Provided
Site Selection Assistance:Yes
Lease Negotiation Assistance: Yes
Cooperative Advertising: Yes
Franchisee Assoc. / Member: Yes
Size Of Corporate Staff: 13
On-Going Support: B,C,D,E,G,H (for an explanation click here)
Training: 3 Weeks Atlanta, GA.
Specific Minority Program(s) in Place: Although we strongly support the objectives of the NMFI, we do not yet have any specific programs in place at this time.
Franchisor's Specific Expansion Plans
U.S.: Nationwide
Note: NR = No Response by Franchisor.
For a sample questionnaire click here.
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