Great Wraps^®

Food & Beverage • Year: 2024

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What Is Great Wraps?

Great Wraps is a quick‑service restaurant franchise focused on Hot Wraps, Gourmet Sandwiches, bowls and salads featuring fillings such as steak, chicken, turkey, gyro, cheeses, vegetables and sauces. Restaurants operate as standardized mall food‑court units and storefront Café locations, with typical mall seating for 10–24 patrons and Café seating for 30–60. Revenue is generated primarily from food and beverage sales (wraps, sandwiches, Kurly ‘Q’ Fries, salads, desserts and drinks) serving the shopping and working public in urban and densely populated suburban areas.

Great Wraps Franchise: Pros and Cons

One key strength is a spotless legal record - zero disclosed lawsuits, settlements, government penalties, franchisor enforcement actions, or fraud cases - and an unusually low $7,500 initial franchise fee, which reduces upfront risk; a key risk is that the franchisor operates zero company-owned units, limiting its ability to field-test systems and maintain firsthand operational insight.

Pros

Zero disclosed lawsuits, settlements, government penalties, franchisor enforcement actions, and fraud cases - a clean legal and enforcement record well below industry norms that reduces the likelihood of unexpected legal costs and distractions.

A $7,500 initial franchise fee (bottom 5% for Food & Beverage) paired with refundable initial fees is unusually favorable, leaving you with more cash on hand for build-out and early operating expenses.

No manager equity requirement gives you flexibility to structure manager pay and ownership as you see fit, rather than being forced into a preset equity split.

Cons

Zero company-owned units - the franchisor doesn’t operate any locations, which limits their ability to field-test changes, iterate systems, and maintain firsthand operational insight.

Managers are not required to complete initial training - an unusual omission (about 90% of F&B franchises require this) that shifts training and onboarding responsibility onto you and can increase operational variability.

No franchisee right to relocate - unlike roughly 91% of F&B systems, you would not be able to move your unit, reducing flexibility for site changes or exit planning.

Lawsuits & Legal Risk

100

Excellent

Great Wraps reported no material legal proceedings,

Territory Protection

48/100

NORMAL

Great Wraps grants a protected, site-specific territory for Café storefront units-typically a 1.5–2.5 mile radius-while mall or non-traditional venues receive no exclusive territory. Territory is contingent on compliance and performance; the franchisor retains rights to develop nearby units and to sell via e-commerce and alternative distribution channels.

Training & Support

72/100

NORMAL

The brand provides a robust 125-hour training curriculum designed to prepare two franchisee designees for launch. The program includes on-site launch support for operational readiness, with travel and lodging expenses borne by the franchisee and additional on-site assistance available for an extra fee.

Franchisee Stability

53/100

NORMAL

Great Wraps receives a Normal Stability Score. Three-year turnover of 6.96% sits above the typical Food & Beverage franchise, which reports turnover of around 5%. Out of 8 total exits, ceased operations dominated with 7, alongside 1 termination and no non-renewals or franchisor buybacks.

The dominance of ceased operations suggests location-level economics drove most exits: operators closed underperforming sites rather than a pattern of franchisor-driven enforcement. Ask for details on the closed locations: where they were, lease and labor pressures, average sales at time of closure, and whether closures were clustered in particular markets. Request historical sales and rent metrics for closed units to see whether underperformance stemmed from location, concept fit, or operator execution. For prospective franchisees, retention is in line with industry peers.

How Much Does It Cost to Open a Great Wraps Franchise?

Opening a Great Wraps franchise requires a total initial investment of $317,650 to $553,200, according to the 2024 Franchise Disclosure Document. This range covers the franchise fee, real estate, equipment, training, and initial working capital needed to launch and operate through the early months.

Minimum Investment

$317,650

Franchise Fee

Real Estate

Equipment & Assets

Reserves

Training

Other

Maximum Investment

$553,200

Minimum Investment Breakdown

Franchise Fee$7,500

Real Estate$120,000

Equipment & Assets$138,150

Reserves$40,000

Training$2,000

Other$10,000

Maximum Investment Breakdown

Franchise Fee$7,500

Real Estate$277,500

Equipment & Assets$208,700

Reserves$40,000

Training$3,000

Other$16,500

Investment Analysis

This investment analysis is coming soon. Have ideas for other analyses you'd like us to add? Get in touch.

The initial investment amounts shown are estimates only. Actual costs may vary based on location size, business model, and multi-unit ownership arrangements. We recommend reviewing the full Franchise Disclosure Document for complete details.

How Much Do Great Wraps Franchise Owners Make?

Great Wraps franchise locations reported average gross sales of $678,453 and median gross sales of $644,716 in 2024, based on financial performance data disclosed in Item 19 of the Franchise Disclosure Document.

Average Gross Sales:

$678,453

Median Gross Sales:

$644,716

Sample Size:

Percent Attaining Average:

44.0%

Audit Status:

Unaudited

Franchise vs Corporate Performance: The Item 19 provides franchised unit performance only and does not present company-owned results, so direct comparison between franchise and corporate outlets is not possible from this disclosure.

Performance Variability Analysis: There is substantial dispersion in sales: the overall average is 678,453 while the top 20% average is 1,150,000 and the bottom 20% average is 295,941, indicating meaningful variability across locations.

Data Scope and Limitations: The representation covers 36 franchised units open more than 12 months in 2023 and reports gross sales only, with no audited statements or expense/profit data provided, limiting assessment of net performance.

Frequently Asked Questions

Is Great Wraps a good franchise to own?

Whether Great Wraps is a good franchise depends on your goals, experience, and local market. Key factors from the 2024 FDD: Great Wraps operates 37 locations, received a legal risk score of 100/100, a training and support score of 72/100. Financial performance data is disclosed in Item 19. Prospective franchisees should review the full Franchise Disclosure Document and consult with a franchise attorney before making any investment decision.

Is a Great Wraps franchise worth the investment?

The value of a Great Wraps franchise investment depends on factors such as location, operator experience, and market demand. The initial investment ranges from $317,650 to $553,200. Great Wraps disclosed average gross sales of $678,453 in 2024. Franchise investments carry inherent risk, and prospective buyers should conduct thorough due diligence before committing capital.

How long does it take to break even with a Great Wraps franchise?

Break-even timelines for Great Wraps franchises are not disclosed in the 2024 Franchise Disclosure Document. Break-even periods vary significantly based on initial investment level, local market conditions, operating costs, and revenue ramp-up speed. Prospective franchisees should build a pro forma financial model using Item 7 cost estimates and, where available, Item 19 financial performance data from the FDD.

Is Great Wraps a franchise or a corporate-owned business?

As of the 2024 FDD, Great Wraps operates 37 franchised locations and 0 company-owned locations. Franchise opportunities are available through the franchisor's disclosure process.

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