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Updated RecentlyMega Wraps vs Petro's Chili & Chips Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Mega Wraps vs Petro's Chili & Chips 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 | $75,000 - $324,950 |
| Franchise Fee | $10,000 | $15,000 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 2% | 4% local+1% Nat'l |
| Year Founded | 1998 | - |
| Year Franchised | 1999 | - |
| Term Of Agreement | 5 Years +5 | - |
| Term Of Agreement | 5 Years +5 | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | While it does help to have prior food or restaurant experience, Petros does not require it. We have franchisees from all walks of life. What is most important to us is that we have franchisees with a willingness to work hard and a passion for their business. |
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 | - | Prior to your restaurant opening, we will furnish initial training on the operation of a Petros Chili & Chips � restaurant. The training lasts three weeks: consisting both of classroom content and in-restaurant developmental activities. We require that two people attend training prior to the store opening. |
| Support | - | - |
| Marketing | - | - |
| Operations | Average Number of Employees: 2 Full-time, 4 Part-time | - |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | Yes | - |
| International Expansion | - | - |
Company Overviews
About Mega Wraps
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.
About Petro's Chili & Chips
Since 1992 Petro's Chili & Chips has been operating company stores and franchising in both traditional and non-traditional venues: free standing drive thru units, strip centers, malls, theme parks, airports, sports venues and the newest addition: Petro's food trucks. Petro's Chili & Chips continues to be everyone's favorite QSR.
Petro's Chili & Chips chooses only the best people to be franchisees. Our franchise partners are dedicated to setting the top standard of guest experience. From the taste of the food, to the speed and accuracy of the order, the power of our people to make decisions, the friendly face at the counter and the cleanliness of the restaurant, our Petro's Chili & Chips franchise partners proudly strive to deliver a great guest experience every time.
Now is your chance to join the successful team of Petro's Chili & Chip's franchisees and become your own boss!