Mega Wraps
Yes, we actively support the inclusion and development of minority-owned franchises in the Mega Wraps system.
Mega Wraps
515 Consumer Rd., # 403
Toronto, ON M2J 4Z2 CANADA
800#: (877) 899-7277
Tel: (416) 496-2595
Fax: (416) 496-9336
E-mail: megawraps@megawraps.com
Web Site: www.megawraps.com
Contact: Mr. Immy Verjee, Operations Manager
MEGA WRAPS is defining a healthy outlook on the quick-service restaurant. With the current consumer trend in mind, MEGA WRAPS features a variety of pita wrap offerings. Founded in Toronto, ON, MEGA WRAPS is poised to establish itself as an industry leader across North America.
Franchisor Background
Established: 1998
First Franchise: 1999
Franchise Units: 57
Company-Owned Units: 1
Total Units: 58
Distribution:
> North America -- Operations in 10 States, 4 Provinces
> States/Provinces with Greatest Density: 3 in TX, 1 in CT, 1 in CO
Units Owned by Minorities:
>African-American:
>Hispanic: 5
>Asian-American: 20
>Native American:
>Other: 25 Middle East
Average Number of Employees: 2 FT, 4 PT (FT = Full Time, PT = Part Time)
Space Needs: 1,000 SF; RM
(for abbreviations click here)
Financial Requirements
Cash Investment: $94.5K
Total Investment: $189K
Average Total Investment: $189K
Minimum Net Worth: $250K
Fees
>Franchise: $10K
>Average Franchise Fee: $10K
>Royalty: 6%
>Advertising: 2%
Provide Earning Claim Statement: No
Terms of Contract
Term of Contract (Years): 5/5
Passive Ownership: Discouraged
Area Development Agreements:Yes/50
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: No
Size Of Corporate Staff: 110
On-Going Support: B,C,D,E,F,G,H,I (for an explanation click here)
Training: 2 Weeks Toronto, ON; 2 Weeks On-Site.
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.: All United States
Note: NR = No Response by Franchisor.
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