If you’re an entrepreneur looking for a fresh opportunity, or you’re a multi-unit owner with an eye to add value to your portfolio, consider FruitFlowers, one of the world’s most beloved and leading gift and treat destinations.
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Below is an in-depth analysis and side-by-side comparison of FruitFlowers 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 | $147,000 - $218,950 | $159,500 - $485,500 |
Franchise Fee | $35,000 | $22,500 |
Royalty Fee | 5 % of gross sales | 5.5% |
Advertising Fee | up to 2% of gross sales | - |
Year Founded | 1984 | 1974 |
Year Franchised | 1993 | 1983 |
Term Of Agreement | - | 15 years |
Term Of Agreement | - | 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. |
Financing Options |
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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 |
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Training | The training program includes all facets of shop operations including hands-on instruction in the creation of our designs. During the three-week program, training includes:
* FruitFlowers design training * Purchasing * Organization of delivery system * Order taking * Staff development * Management techniques * Bookkeeping procedures * Advertising and marketing * Public relations plan | Our two-week Training Program is extremely thorough and easy to follow. |
Support | As a FruitFlowers Franchise Partner you get:
* Intensive hands-on training at our Philadelphia based facility covering everything from product creation to staff development
* Site selection, facility layout and design assistance * Extensive marketing and public relations support, including a customized webstore on FruitFlowers.com * Our National Franchise Conference held annually in a selected location Best of all, you get the exclusive use in your territory of the most respected name in the business - FruitFlowers! | 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 |
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US Expansion | - | - |
Canada Expansion | No | No |
International Expansion | No | No |
If you’re an entrepreneur looking for a fresh opportunity, or you’re a multi-unit owner with an eye to add value to your portfolio, consider FruitFlowers, one of the world’s most beloved and leading gift and treat destinations.
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.