Does Great Wraps grant territory rights?

• Absolutely! Great Wraps deeply respects Franchisees that want to develop and grow their own franchise territories. We will grant such rights based on your experience and the soundness of your growth plan. However, the core of the Company’s unit growth is granting qualified individuals a Great Wraps franchise for a specific area/location.

I already have a food franchise, is that a problem?

• Of course not! With all of your prior food franchise experience, you’re a natural candidate to own a Great Wraps. However, don’t be surprised if you get the sudden urge to sell off all your food franchise holdings and reinvest the proceeds into additional Great Wraps sandwich franchises. After all, there’s so much opportunity for growth with so many untapped markets available.

What are your capital requirements?

• You know the old adage: “It takes money to make money”. Well, it still does. You’ll need 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.

How much is the Franchise Fee?

• Our Franchise Fee for your Great Wraps sandwich franchise is only $22,500. For additional stores, it’s only $12,500.

Does Great Wraps make money from my Store Opening Suppliers like so many other franchises do?

• Absolutely not! It’s true that other food franchises expect “kick-backs” from architects, contractors, equipment suppliers, lighting suppliers, etc…..and that adds to your store opening cost. But Great Wraps does NOT do that!! And no, they don’t send us to the Super Bowl, either! We’ve chosen our store development suppliers strictly because they are honest, dependable and competitively priced. They have the experience you’ll need to successfully launch your Great Wraps sandwich franchise. This should show you where our Company heart is – to help you get your Great Wraps franchise open with minimal cost, time and hassle.

How do I get my food products and supplies?

• We maintain a national food distribution network that supplies you with our proprietary ingredients. With our strong Group Buying Contracts, your food prices will be approximately the same as all other Great Wraps units. That’s how we help you, and all our Franchisees, run a successful and efficient franchise operation.

What is the ongoing royalty?

• Our Franchise royalty is five and a half percent (5.5%) of weekly sales.

How is the advertising handled?

• We collect only one-half of one percent (0.5%) of sales for Brand Development, and we’re proud of the high-quality advertising we deliver to our franchise stores for that low amount. We strongly suggest that you spend an additional 3% on local marketing for your franchise, but that’s up to you. We urge our Franchisees to be the “Mayor of their Villages”, and we have lots of marketing tools to help you do that. Once there are enough stores in your area/region, we will initiate a local advertising fund to capitalize on local advertising opportunities.

What makes a successful Great Wraps Franchisee?

• Great question! There are three elements to any successful franchise relationship: a Great sandwich franchise, a Great location and a Great operator. We have the first element, and we’ll help you find the second. So, the critical element is the third – YOU!! Franchisees have a passion for success, a commitment to quality, an appreciation for customer service, and a willingness to embrace our franchise systems.

What type of locations work best?

• Successful Great Wraps stores benefit from a strong business lunch. That’s why we look for locations that have strong daytime populations, like strip centers on busy thoroughfares, downtown business districts, locations near medical, government, or college campuses, or in a regional mall. And all locations must have reasonable Landlords who will cut us a fair deal…..so the money stays in YOUR pocket.

What is the optimal size of a Great Wraps?

• Our strip center stores are 1400 - 1700 square feet, while our mall food court locations are 600 - 800 square feet. With the high-cost of real estate, we have to be efficient with the space. But if the franchise location is excellent, we can adapt the layout to meet most any reasonable dimensions.

What support can I expect?

• We provide you with a complete, proven business system that starts as soon as you sign your Franchise Agreement. We’ll help connect you with a local Broker that will help you find a suitable location. Then we’ll help you negotiate your lease. From there, our Store Development Team will guide you through the design, permitting, bidding and construction process…..all the way through to your Grand Opening. Our initial training is thorough and complete, and so is our on-going training and support. We are constantly developing new sandwiches to keep your menu fresh and exciting. And our Business Consultants will make periodic visits to help you implement our programs and stay focused on your business.

How is the Training? Do I need food experience?

• Absolutely not! In fact, many of our Franchisees did not come from food 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. Our 10-day Training Program is extremely thorough and easy to follow. Once you’re in your store, you’ll find the operation simple, and our business system complete and efficient.

How do I get my store built?

• We will provide you with a complete Store Development Manual that contains all of our design, construction, and equipment specifications. To support you further, our Store Development Team will work closely with your approved architect, contractor and all other suppliers to make your store opening as easy, cost effective and hassle-free as possible.

How soon can I be in business once I have executed a development agreement and located a mutually accepted site?

• Once a solid location has been secured, designed and permitted, a Great Wraps unit can be built and open for business (barring unforeseen events) in approximately 10-12 weeks.

Do you provide financing?

• Great Wraps does not provide direct financing. However, we will assist you in obtaining financing through our third-party contacts or a financial institution of your choice.

How long will my franchise last?

• The term of the Franchise Agreement is for 15 years, with a 10-year renewal at your option.

Can I sell my Great Wraps Sandwich Franchise?

• Of course. Your Great Wraps franchise is an asset, which can be bought and sold. However, because we want to protect the long-term success of the sandwich franchise, we maintain the right to approve any prospective buyer.

I’m interested. What now?

• That’s easy……really easy, because we don’t ever apply the hard-sell. Please feel comfortable learning more about Great Wraps, so you can make a great decision. And we’ll want to understand your situation and career goals. You see, to be successful in the franchise business, it’s critical to find the right chemistry! To get started, please complete our online information request form. You will then be contacted by Sunny Ashman, our Director of Franchise Development, and we will begin sending you all sorts of useful information. Ultimately, if we both believe that Great Wraps and you make a great match, you’ll embark on your journey to opening YOUR Great Wraps Sandwich Franchise. This could be the best business move you’ve ever made!