Mega Wraps vs Tin Drum Asia Cafe Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Mega Wraps vs Tin Drum Asia Cafe including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Mega Wraps Franchise
Tin Drum Asia Cafe Franchise
Investment $189,000$400,800 - $617,250
Franchise Fee $10,000$49,000 - $99,000
Royalty Fee 6%6%
Advertising Fee 2%1.5%
Year Founded 19982003
Year Franchised 19990
Term Of Agreement 5 Years +5-
Term Of Agreement 5 Years +5-
Renewal Fee -50% of franchise fee


Business Experience Requirements
 
Mega Wraps Franchise
Tin Drum Asia Cafe Franchise
Experience --

Financing Options
 
Mega Wraps Franchise
Tin Drum Asia Cafe Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Mega Wraps Franchise
Tin Drum Asia Cafe Franchise
Training --
Support --
Marketing --
Operations Average Number of Employees: 2 Full-time, 4 Part-time Passive Ownership: Allowed, But Discouraged

We prefer to be located in lifestyle centers or mixed-use developments with lots of foot traffic and a good mix of other national and local tenants. We will also consider well-positioned neighborhood shopping centers; urban/downtown locations with strong daytime population and foot traffic; and areas near college and university campuses.

Expansion Plans
 
Mega Wraps Franchise
Tin Drum Asia Cafe Franchise
US Expansion YesNo
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 Tin Drum Asia Cafe

Founded in 2003, Tin Drum was created to reflect the bustling street-side cafes found throughout Asia. With the limited service operating model of fast casual and the dining experience of full casual, Tin Drum Asia Cafe is setting a new standard for the Fast Casual Dining franchise model. We call it "Fresh Casual." Our menu carries bold and broad flavor profiles; all food is cooked fresh to order in an open kitchen; the food is delivered to the guest at their table rather than being picked up at a counter; all this taking place in an environment with an elevated decor meant to evoke a bustling Asian street market.
 
10% discount for veterans off initial franchise fee