| ||||
Updated RecentlyGreat Wraps vs Mad Mex Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Great Wraps vs Mad Mex including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $159,500 - $485,500 | $250,000 - $550,000 |
| Franchise Fee | $22,500 | $45,000 |
| Royalty Fee | 5.5% | 6% |
| Advertising Fee | - | 3% |
| Year Founded | 1974 | 2007 |
| Year Franchised | 1983 | 2009 |
| 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. | *Passion � are you crazy for Mexican Food? Are you ambitious, self-motivated and challenge-driven? *Commitment � are you committed to Outstanding Customer Service and Excellence *Integrity � Do you believe in gourmet quality food fresh and fast? Treating your co-workers and customers with respect and honesty? *Leadership � Are you ready to build a winning team and to create a great work environment? *Experience � Do you have experience in hospitality or in team leadership? |
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 | - | *You are a vital part of the business and the experience, so we want you to be involved at every level. *As a general rule, the most successful businesses are run by the owners of the business. |
Expansion Plans |
||
| US Expansion | - | - |
| Canada Expansion | No | - |
| International Expansion | No | Yes |
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 Mad Mex
Own a Mad Mex franchise Mad Mex are enlisting passionate and committed franchisees to help grow our business nationwide, attracting partners who share the commitment to build upon increased demand for high-quality food at reasonable prices. We believe that Franchising creates the best customer experience and best product. Owner operators bring a passion to the business and make the quality of the product their number one focus. We want to make sure we bring in franchisees who are 100% confident of the brand. Becoming an owner of a Mad Mex franchise is a straight forward process. The Mad Mex team have extensive experience in franchising and provide set up and ongoing support for franchisee's including store selection, fit out, staff hiring, training and marketing- all that is required to own a Mad Mex franchise. If you're looking for� *The fastest growing food category in Australia *An internationally proven business model *Robust systems and profits *A magnetic brand that customers love Then we want to hear from you!