Great Wraps is a fast-casual restaurant chain specializing in wraps and American cuisine with various chicken, beef, and vegetarian options. The franchise operates locations across the United States.
Key Insights
- Great Wraps began with a concept focused on fresh, customizable wraps and has since grown into a recognized name in the fast-casual dining sector, building a reputation for quality ingredients and efficient service. The franchise operates through a streamlined model that emphasizes product consistency and customer satisfaction.
- The business is part of the expansive fast-casual restaurant industry, a segment known for its rapid growth and consumer demand for convenient, high-quality meal options. This sector offers opportunities for brands that can deliver unique flavor profiles and adaptable menu choices.
- The franchise model provides a framework for expansion, allowing partners to establish their own Great Wraps locations. This approach is designed to support entrepreneurs in entering the competitive food service market with an established brand and operational system.
Franchise Fee and Costs to Open
Exploring the financial picture of Great Wraps gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $159,500 - $485,500, along with a franchise fee of $22,500 - $22,500.
Financial Performance and Revenue
Training and Resources
Great Wraps provides comprehensive initial training for new franchisees. This program, lasting two weeks, takes place at our training facility. Great Wraps offers ongoing operational support and marketing resources to help franchisees succeed. We also provide access to a digital library of best practices.
Legal Considerations
Legal considerations for a Great Wraps franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee may encounter challenges such as intense local competition for customer attention and disposable income. The operational complexity of managing daily food preparation, staff, and inventory requires consistent attention. Reliance on specific supply chains for key ingredients means disruptions can impact product availability and cost.
Franchise Datasheet
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