Great Wraps vs Barry's Cheesesteaks Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Great Wraps vs Barry's Cheesesteaks including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Great Wraps Franchise
Barry's Cheesesteaks Franchise
Investment $159,500 - $485,500$223,262 - $439,767
Franchise Fee $22,500$30,000
Royalty Fee 5.5%-
Advertising Fee --
Year Founded 19742019
Year Franchised 19832019
Term Of Agreement 15 years-
Term Of Agreement 15 years-
Renewal Fee $5000-


Business Experience Requirements
 
Great Wraps Franchise
Barry's Cheesesteaks 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.

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Financing Options
 
Great Wraps Franchise
Barry's Cheesesteaks Franchise
  In-House/3rd PartyIn-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
 
Great Wraps Franchise
Barry's Cheesesteaks Franchise
Training

Our two-week Training Program is extremely thorough and easy to follow.

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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.

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Marketing --
Operations --

Expansion Plans
 
Great Wraps Franchise
Barry's Cheesesteaks Franchise
US Expansion -Yes
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 Barry's Cheesesteaks

"Barrys

"Concept

Offers franchises to operate a quick-serve restaurant offering authentic Philly Cheesesteaks, burgers and wings, as well as the opportunity offer catering and/or delivery where appropriate designed by Barry’s Cheesesteaks under the trade name Barry’s Cheesesteaks and More. The franchisor offers 2 purchase options: a Single Unit Franchise or a Multi-Unit Development Agreement, under which you must open a minimum of two locations within a specified period of time.

The total investment necessary to begin operation of a single unit Barry’s Cheesesteaks and More franchised business is between $223,262 and $427,267. This includes between $30,000 and $40,000 that must be paid to the franchisor or its affiliate(s).
If you enter into a Multi-Unit Development Agreement to develop at least two outlets, when you sign the Multi-Unit Development Agreement you will pay a development fee equal to 100% of the initial franchise fee of $30,000 for the first outlet to be developed, plus a deposit equal to 50% of the reduced initial franchise fee for each additional outlet to be developed under the Multi-Unit Development Agreement.
The total estimated initial investment under a Multi-Unit Development Agreement for two outlets, including the costs to build and equip the first outlet is $235,762 to $439,767. This includes $42,500 to $52,500 that must be paid to the franchisor and/or its affiliates.