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Updated RecentlyLa Salsa Fresh Mexican Grill vs Great Wraps Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of La Salsa Fresh Mexican Grill vs Great Wraps including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $189,550 - $992,590 | $159,500 - $485,500 |
| Franchise Fee | $25,000 - $50,000 | $22,500 |
| Royalty Fee | 5% | 5.5% |
| Advertising Fee | 3% | - |
| Year Founded | 1979 | 1974 |
| Year Franchised | 1989 | 1983 |
| Term Of Agreement | 10 years | 15 years |
| Term Of Agreement | 10 years | 15 years |
| Renewal Fee | - | $5000 |
Business Experience Requirements |
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| 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. 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. |
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Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | No/Yes |
| Start-up Costs | No/No | No/Yes |
| Equipment | No/No | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | 6-8 weeks management training & at grand opening | Our two-week Training Program is extremely thorough and easy to follow. |
| Support | Meetings, Field operations/evaluations, Purchasing cooperatives | Once you're open for business, we're sure that you'll find the Great Wraps a simple business to operate and our supports systems incredibly effective. |
| Marketing | Co-op advertising, Ad slicks | - |
| Operations |
Franchisees required to buy multiple units/master licenses; 80% of all franchisees own more than one unit Number of employees needed to run franchised unit: 12 Absentee ownership of franchise is allowed. (70% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
About La Salsa Fresh Mexican Grill
About Great Wraps
Great Wraps served its first hot wrapped sandwich in 1974, providing customers with a quick alternative to hamburgers. Today the company offers a menu that includes tortilla and pita wraps, cheesesteaks and smoothies.