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Updated RecentlyMega Wraps vs la prep Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Mega Wraps vs la prep 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 | $300,000 - $425,000 |
| Franchise Fee | $10,000 | $35,000 |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | - |
| Year Founded | 1998 | 2010 |
| Year Franchised | 1999 | 2010 |
| Term Of Agreement | 5 Years +5 | 10 years+5 |
| Term Of Agreement | 5 Years +5 | 10 years+5 |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | No related experience is necessary, just your desire to learn. We provide all the training and assistance you will need to operate your franchise. |
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 | - | 3-week training program provides hands-on experience covering all phases of operating your la prep franchise. You will receive Operations Manuals that cover everything from employee hiring and training to product preparation, management, advertising and business systems. The training continues with special on-site support by one of our training managers for 1 week for your restaurant opening. |
| Support | - | - |
| Marketing | - | - |
| Operations | Average Number of Employees: 2 Full-time, 4 Part-time | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | Yes | Yes |
| International Expansion | - | Yes |
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 la prep
la prep is a privately-owned Canadian restaurant franchising system. Our dedicated franchisees are hands-on owner/operators that are both personally and financially committed to their business, resulting in a maximized level of customer service. As we continue our expansion of the brand we are always searching for qualified individuals to join our franchise community.