Taco John's vs Mega Wraps Franchise Comparison

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

Start-Up Costs and Fees

 
Taco John's Franchise
Mega Wraps Franchise
Investment $475,000 - $1,599,000$189,000
Franchise Fee $25,000$10,000
Royalty Fee 5%6%
Advertising Fee 4%2%
Year Founded 19681998
Year Franchised 19691999
Term Of Agreement 20 years+10+10+105 Years +5
Term Of Agreement 20 years+10+10+105 Years +5
Renewal Fee --


Business Experience Requirements

 
Taco John's Franchise
Mega Wraps Franchise
Experience
  • Industry experience
  • General business experience
  • -

    Financing Options

     
    Taco John's Franchise
    Mega Wraps 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

     
    Taco John's Franchise
    Mega Wraps Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising, Ad slicks-
    Operations 37% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 15

    Absentee ownership of franchise is allowed. (75% of current franchisees are owner/operators)

    Average Number of Employees: 2 Full-time, 4 Part-time Passive Ownership: Allowed, But Discouraged

    Expansion Plans

     
    Taco John's Franchise
    Mega Wraps Franchise
    US Expansion YesYes
    Canada Expansion NoYes
    International Expansion No-

    Company Overviews

    About Taco John's

    The story of Taco John's sounds more like a legend than the history of a business. In Cheyenne, Wyoming, a man named Juan opened a tiny taco house, serving uniquely seasoned and generously sized tacos and burritos. An immediate hit with the locals, the taco house was quickly purchased by local businessmen Harold Holmes and Jim Woodson in 1969. Renamed Taco John's, it began selling franchises right away and now has restaurants across America. The privately held company is still based in Cheyenne.

    "Entrepreneur

    #115 in Franchise 500 for 2020.
    #315 in Franchise 500 for 2021.


    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.