|
Below is an in-depth analysis and side-by-side comparison of Mexicali Rosa's vs Great Wraps including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $250,000 - $800,000 | $159,500 - $485,500 |
Franchise Fee | $25,000 | $22,500 |
Royalty Fee | 4% of net sales | 5.5% |
Advertising Fee | - | - |
Year Founded | 1977 | 1974 |
Year Franchised | 1986 | 1983 |
Term Of Agreement | - | 15 years |
Term Of Agreement | - | 15 years |
Renewal Fee | - | $5000 |
Business Experience Requirements |
||
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. |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | No/Yes |
Start-up Costs | -/- | No/Yes |
Equipment | -/- | No/Yes |
Inventory | -/- | No/Yes |
Receivables | -/- | No/No |
Payroll | -/- | No/No |
Training & Support |
||
Training | - | Our two-week Training Program is extremely thorough and easy to follow. |
Support | - | 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 | - | - |
Operations | - | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | No | No |
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.