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Below is an in-depth analysis and side-by-side comparison of Great Wraps vs Melt Gelato & Crepe Cafe including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $159,500 - $485,500 | $260,000 - $650,000 |
Franchise Fee | $22,500 | $25,000 |
Royalty Fee | 5.5% | 6% |
Advertising Fee | - | - |
Year Founded | 1974 | 2003 |
Year Franchised | 1983 | 2005 |
Term Of Agreement | 15 years | 7 years |
Term Of Agreement | 15 years | 7 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 | No/Yes |
Start-up Costs | No/Yes | No/Yes |
Equipment | No/Yes | No/Yes |
Inventory | No/Yes | 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 | 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 |
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.
The Melt Cafe and Gelato Bar concept is a fresh, new experience that not only excites the customer but is also a great business opportunity. They serve traditional gelato, as well as a host of other delicious products. Gelato's intense flavors and creamy texture come from the density not the fat. In fact all our sorbetto flavors are fat free and their gelato flavors have significantly lower fat content than regular ice cream. They use milk as opposed to butter fat, and they increase the density by reducing the air content significantly as compared to regular ice cream.