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Updated RecentlyGreat Wraps vs Philly's Own Soft Pretzel Bakery Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Great Wraps vs Philly's Own Soft Pretzel Bakery 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 | $163,750 - $243,500 |
| Franchise Fee | $22,500 | $29,500 |
| Royalty Fee | 5.5% | 7% |
| Advertising Fee | - | $100/ month |
| Year Founded | 1974 | - |
| Year Franchised | 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 | No/- |
| Start-up Costs | No/Yes | No/- |
| Equipment | No/Yes | No/- |
| Inventory | No/Yes | No/- |
| Receivables | No/No | No/- |
| Payroll | No/No | No/- |
Training & Support |
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| Training | Our two-week Training Program is extremely thorough and easy to follow. | As a new franchisee, you will attend classroom training at our corporate facility in Doylestown, PA. Also, at the time your shop opens for business, a corporate trainer will be on-hand to assist with the process. After your shop opens, we will assist you and your staff anytime help is needed. We will visit your store from time-to-time to provide guidance, as well. |
| 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 | - |
| International Expansion | No | - |
Company Overviews
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.
About Philly's Own Soft Pretzel Bakery
Owning a Philly's Own Soft Pretzel Bakery is a unique opportunity. Our shops main product line is one that everyone loves, soft pretzels! We offer two very popular styles of pretzels with the Philly Style Soft Pretzel and Grandma's Sweet Soft Pretzel. Our pretzels come in a variety of flavors as well. This diverse product offering attracts a wider customer base. Our other fine baked goods, as well as our delicious line of drinks expands our shops' appeal even further. If you are someone looking for your first business opportunity, we invite you to explore Philly's Own Soft Pretzel Bakery. And for those of you seasoned business owners, we look forward to discussing the advantages of becoming an owner in our Philly's Own franchise system.