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Updated RecentlyGreat Wraps vs I Heart Mac and Cheese Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Great Wraps vs I Heart Mac and Cheese including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $159,500 - $485,500 | $251,000 - $464,500 |
| Franchise Fee | $22,500 | $30,000 |
| Royalty Fee | 5.5% | 5% |
| Advertising Fee | - | 1% |
| Year Founded | 1974 | 2015 |
| Year Franchised | 1983 | 2017 |
| Term Of Agreement | 15 years | - |
| Term Of Agreement | 15 years | - |
| Renewal Fee | $5000 | - |
Business Experience Requirements |
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| Experience | All you need is a willingness to follow our proven systems, good communication skills, and a passion for excellence - we'll teach you the rest. Existing liquid assets (CASH) of at least $100,000 and a net worth of $250,000. With that, you are then well-positioned to approach the Lender for the rest. | - |
Financing Options |
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| In-House/3rd Party | In-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 |
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| Training | Our two-week Training Program is extremely thorough and easy to follow. | On-The-Job Training: 3 days Classroom Training: 5 days |
| Support | Once you're open for business, we're sure that you'll find the Great Wraps a simple business to operate and our supports systems incredibly effective. | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Field Operations |
| Marketing | - | Co-op Advertising Ad Templates Regional Advertising Social media |
| Operations | - | Absentee Ownership Allowed Number of Employees Required to Run: 4 |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | Yes |
Company Overviews
About Great Wraps
Great Wraps served its first hot wrapped sandwich in 1974, providing customers with a quick alternative to hamburgers. Today the company offers a menu that includes tortilla and pita wraps, cheesesteaks and smoothies.
About I Heart Mac and Cheese
A unique franchise concept in the restaurant industry with no fryers,
grease trap systems or hood systems, I Heart Mac & Cheese requires a
low investment and can be opened in a small space, such as a mall kiosk
or food court. Shopping malls, sports venues, areas close to colleges
and universities, and high-traffic pedestrian areas are also ideal
locations. With a home office in South Florida, I Heart Mac & Cheese
offers franchise owner training, marketing support and ongoing
development opportunities to ensure each location’s success.