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Updated RecentlyThe New York Butcher Shoppe vs Great Wraps Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of The New York Butcher Shoppe 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 | $385,500 - $500,500 | $159,500 - $485,500 |
| Franchise Fee | $35,000 | $22,500 |
| Royalty Fee | to 4% | 5.5% |
| Advertising Fee | - | - |
| Year Founded | 1999 | 1974 |
| Year Franchised | 2003 | 1983 |
| Term Of Agreement | 10 years | 15 years |
| Term Of Agreement | 10 years | 15 years |
| Renewal Fee | 20% of 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 | - | Our two-week Training Program is extremely thorough and easy to follow. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, 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, Regional advertising | - |
| Operations |
0% of all franchisees own more than one unit Number of employees needed to run franchised unit: 5 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 | No | No |
Company Overviews
About The New York Butcher Shoppe
The New York Butcher Shoppe was founded in 1999 in Mt. Pleasant, SC. Since that time it has grown in popularity with customers and now has locations in South Carolina and Georgia with plans for new stores in additional states. The The New York Butcher Shoppe concept is founded on the principles of outstanding customer service and the highest quality product, in a clean and inviting atmosphere. Our line of hand cut steaks using Premium Angus Beef , prepared entrees, side dishes, salads and dips are always fresh and provide a unique shopping niche for our customers. We also offer fresh sausages, frozen pastas, vegetables, hard to find grocery items, and a top selection of fine wines and cheeses. The stores are able to operate well on small staffs in retail space from 1,100 - 1,600 square feet. Assistance with site selection is provided by us, as well as guidance through your opening and ongoing operations. As the owners of the Franchiser, we also operate stores and are hands on every day to build the brand and the system. Our commitment to successful franchisees is the same as our commitment to our customers and standards of operation. We will provide each franchisee:
- Extensive training
- Assistance with site selection
- Assistance with hiring
- Assistance with your store opening
- Access to our quality products at our prices
- Daily operational and marketing support
- Ongoing R&D and system development
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.