Great Wraps

  • Great Wraps, Inc.
4 Executive Park E., # 315
Atlanta, GA 30329
  • (888) 489-7277 / (404) 248-9900
  • (404) 248-0180 (Fax)

At GREAT WRAPS It's All About Flavor! Our chef-inspired recipes use zesty, hot combinations of top-quality meats, real melted cheese, fresh produce and hand-made sauces. GREAT WRAPS is already the number one Wrapped Sandwich & Hot Cheesesteak franchise. Our franchise opportunity is unique, proven and provides tremendous growth potential. We just rolled out beautiful eye-catching new designs, a fresh Logo and a revolutionary new hoodless cooking system. The new system offers tons of operational efficiencies that you can't find anywhere else. All three day parts of our powerful menu are now prepared using only space aged convection ovens. This mean no vent hoods, no unhealthy fryers or oil, no grills and no grease traps.

Franchisor Background

Year Established: 1978

Franchising Since: 1981

Operating Units

Franchised Units 80 100.0%
Company-Owned Units 0 0.0%
Total Operating Units 80 100%

Geographic Distribution

USA 80 100.0% In 20 States
Canada 0 0.0% In 0 Provinces
International 0 0.0% In 0 Foreign Countries
Total 80 100%

Multi-Unit Operators

Multi-Unit Operators N/A
Franchises Owned by Multi-Unit Operators N/A

North American Unit Density

Density Units
Georgia 22
Texas 18
Florida 8

Registered in the following Registration States

California, Illinois, Maryland, Michigan, New York, Virginia, Washington

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Support and Training

General Information

IFA Member Yes
CFA Member No
Franchisee Association? Yes, is a member
Size of Corporate Staff 11
Site Selection
Assistance
Yes
Lease Negotiation Assistance Yes
Financial Assistance Yes, Indirect

Marketing Support

Co-Op Advertising Yes
National Advertising No
Regional Advertising No
Local Advertising Yes
Marketing Materials Ad Slicks, Coupons/Rebates, Direct Mailers, Radio Ads, Television Ads
Additional Services: Grand Opening, In-House Marketing, Marketing Research, Online Extranet, Press Releases, Sales Strategies

Ongoing Support

Central Data Processing N/A
Central Purchasing N/A
Field Operation Evaluation Included
Field Training Included
Initial Store Opening Included
Inventory Control N/A
Franchisee Newsletter Included
Regional or National Meetings Included
800 Telephone Hotline N/A

Training

On-Site For Grand Openings 5-7 Days
Atlanta, GA 2 Weeks
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Financial Requirements

Investment

Minimum Net Worth $250K
Cash Investment $100K
Total Investment $137-350K
Average Total Investment $170K

Fees

Initial Franchise Fee $17.5K
Average Franchise Fee $18K
On-Going Royalty 5.50%
Average Royalty 5%
Advertising Fee 0.50%

Site Information and Requirements

Average Number of Full-Time Employees 5
Average Number of Part-Time Employees 6
Space Needs (in square feet) 350-2,000
Preferred Site Types Strip Center, Regional Mall
Other Site Types Allowed Airport, University
Encourages Conversions Yes
Item 19 (Earnings Claim) Provided? Yes
Listed in the SBA Registry? Yes
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Franchisee Qualifications

Financial Net Worth 5
General Business Experience 3
Specific Industry Experience 3
Formal Education 3
Psychological Profile 4
Personal Interviews 4
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Terms of Contract

Term of Initial Contract 15
Term of Renewal Period 10
Passive Ownership? Not Allowed
Area Development
Agreements?
Yes, for 0 years
Sub-Franchisor
Contracts?
Yes
Franchisees Allowed to Expand Within Territory? Yes
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Expansion Plans

Projected New Units Over Next 12 Months 15
USA Yes, NE, SE, SW, MW
Canada No
Overseas No
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Request Information for Great Wraps

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