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Below is an in-depth analysis and side-by-side comparison of Mega Wraps vs Scooter's Place including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $189,000 | $35,000 - $75,000 |
Franchise Fee | $10,000 | $12,000 |
Royalty Fee | 6% | 4% |
Advertising Fee | 2% | 1% |
Year Founded | 1998 | 1982 |
Year Franchised | 1999 | 1986 |
Term Of Agreement | 5 Years +5 | 10 years +10 |
Term Of Agreement | 5 Years +5 | 10 years +10 |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | 1. Headquarters 4 Weeks 2. On-Site 2 Weeks |
Support | - | Central Data Processing Field Operation Evaluation Field Training Franchisee Newsletter Regional or National Meetings 800 Telephone Hotline |
Marketing | - | - |
Operations | Average Number of Employees: 2 Full-time, 4 Part-time | Average Number of Employees: 2 Full-time, 3 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | Yes | Yes |
International Expansion | - | - |
Mega Wraps is defining a healthy outlook on the quick service restaurant. With the current customer trends in mind, Mega Wraps features a variety of Pita Wrap offerings. Founded in Toronto, Ontario, Canada, Mega Wraps is poised to establish itself as an industry leader across North America.