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Updated RecentlyTacoTime vs Great Wraps Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of TacoTime 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 | $331,150 - $636,800 | $159,500 - $485,500 |
| Franchise Fee | $30,000 | $22,500 |
| Royalty Fee | 6% | 5.5% |
| Advertising Fee | - | - |
| Year Founded | 1959 | 1974 |
| Year Franchised | 1961 | 1983 |
| Term Of Agreement | 15 years | 15 years |
| Term Of Agreement | 15 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/Yes | No/Yes |
| Inventory | No/No | No/Yes |
| Receivables | No/No | No/No |
| Payroll | No/No | No/No |
Training & Support |
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| Training | K-Tec is a 5-day training all Kahala franchisees receive and is the companion to brand specific in-store training. It introduces participants to the Kahala culture, level of support provided, and the roles and responsibilities for supporting franchisee and franchisor success. It provides exposure to basic business concepts such as customer service, profitability, quality assurance, inventory, purchasing and distribution, and more. | Our two-week Training Program is extremely thorough and easy to follow. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations | 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, National media, Regional advertising | - |
| Operations |
Number of employees needed to run franchised unit: 15 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | No | No |
| International Expansion | Yes | No |
Company Overviews
About TacoTime
Subsequent to moving on from the University of Oregon, Taco Time organizer Ron Fraedrick went gaga for the Mexican cooking he examined as he went all through Southern California. Choosing to convey back his freshly discovered taste to the place where he grew up of Eugene, Oregon, Fraedrick opened up the principal Taco Time eatery in 1959. Utilizing flavors Fraedrick made himself, the eatery sold more than 3,500 tacos in its opening end of the week. The organization opened its first establishment in 1961 and now has establishments in both unattached and express locales all through the United States and Canada and in addition in Japan and Kuwait. In 2000, the organization presented Brand Renaissance, which incorporates an office stylistic layout bundle and upgraded nourishment blend and bundling, as a restoration of the brand.
TacoTime is claimed by Kahala, franchisor of Blimpie, Cereality, Cold Stone Creamery, Frullati Café and Bakery, Great Steak and Potato, Johnnie's, Nrgize, Ranch 1, Rollerz, Samurai Sam's and Surf City Squeeze.
For over 50 years, TacoTime has offered our loyal customers a tasty variety of freshly prepared, home-style Mexican fare. Our ingredients and the care we take in making our food fresh makes us truly a one-of-a-kind taste experience and sets us apart from our competitors.
The TacoTime brand and menu offerings continue to evolve as the industry changes. From decor enhancements to additional menu items, we are constantly moving forward with new ways to grow your business. As a proven brand with solid brand awareness, we are committed to meeting the ever changing demands of your customers.
Kahala, the franchisor of TacoTime, is proud of the extensive support we provide our franchisees. From site selection to grand opening assistance, our dedicated support team will assist you throughout your journey to your store opening. Our tested operating system and industry experience enable us to keep the cost of entry and operating costs as low as possible. We understand that opening a restaurant isn’t like flipping a switch, so we've developed a unique support structure that gives you the best opportunity to hit the ground running.
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.