Penn Station East Coast Subs vs Great Wraps Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Penn Station East Coast Subs vs Great Wraps including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Penn Station East Coast Subs Franchise
Great Wraps Franchise
Investment $383,844 - $613,764$159,500 - $485,500
Franchise Fee $25,000$22,500
Royalty Fee to8%5.5%
Advertising Fee 2-3%-
Year Founded 19851974
Year Franchised 19881983
Term Of Agreement 5 years15 years
Term Of Agreement 5 years15 years
Renewal Fee $2500$5000


Business Experience Requirements
 
Penn Station East Coast Subs Franchise
Great Wraps Franchise
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
 
Penn Station East Coast Subs Franchise
Great Wraps Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees No/YesNo/Yes
Start-up Costs No/YesNo/Yes
Equipment No/YesNo/Yes
Inventory No/YesNo/Yes
Receivables No/YesNo/No
Payroll No/YesNo/No

Training & Support
 
Penn Station East Coast Subs Franchise
Great Wraps Franchise
Training On-The-Job Training: 202-299 hours Classroom Training: 25-33 hours

Our two-week Training Program is extremely thorough and easy to follow.
Support Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform

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 Social media SEO Website development Email marketing Loyalty program/app-
Operations Absentee Ownership Allowed Number of Employees Required to Run: 15 -

Expansion Plans
 
Penn Station East Coast Subs Franchise
Great Wraps Franchise
US Expansion --
Canada Expansion NoNo
International Expansion NoNo

Company Overviews

About Penn Station East Coast Subs

We pride ourselves in developing the best concept for our consumers and our franchisees. Unlike other concepts we run ONE company unit. Our focus is solely on you and growing your business. Our food is unmatched and cravable and we don’t tamper with what works. This keeps operations simple. We cultivate an owner mentality in all aspects of our operation - this is how we consistently produce unparalleled Return on Investment.
Ranked as one of the top 200 Franchise Opportunities in the U.S. by Entrepreneur Magazine in its 2007 Annual Franchise 500 listing. Ranked #1 Restaurant Franchise Company by Success Magazine in its October 2000 Annual ranking of the top 200 American franchises. Ranked as one of the top 40 Movers and Shakers by Fast Causual Magazine in its 2007 and 2008 Annual Movers and Shakers listing.

#271 in Franchise 500 for 2020.

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.