It’s very important that you understand the financial implications of building and maintaining your Great Wraps store. After all, the process is so much easier and relaxed if you are financially prepared to do this. You will need to have minimum liquid assets, like cash and stocks, of $100,000, and we’re not talking about taking out a home equity loan for this.
You will also need a minimum net worth (total assets minus total liabilities) of $250,000. If you have both of these items on your personal balance sheet, you are well-positioned to approach a lender to borrow the rest. Great Wraps does not provide direct financing, but we’ve helped countless Franchisees obtain financing through our third-party contacts or a financial institution of your choice…..and we’re ready to help you.
Franchise Fee: First Store - $22,500
Franchise Fee: Additional Stores - $12,500
Royalty: 5.5%
Marketing Commitment: .5% (as in one-half of 1%)
Capital Requirements: $100,000 liquid assets; $250,000 Net Worth
*Estimated Total Store Costs: *$123,950 - $343,200
Franchise Fee: First Store - $22,500, reduced to $11,250 in 2011!
Franchise Fee: Additional Stores - $12,500 reduced to $6250 in 2011!
