Great Wraps franchise
2024 filing · March 27, 2024Fewer locationsShares sales figures
Great Wraps at a glance
A fast food restaurant serving wraps, gyros and wings, mostly in food courts. At the end of 2023 there were 37 Great Wraps locations in the US, all franchised.
The business
- Franchisor
- Great Wraps, Inc
- The company that sells the franchises
What you pay
- Cost to open
- $270K–$564K
- Fee, build-out and opening working capital
- Franchise fee
- $24,000
- For streetside or mall locations; $7,500 at airports
- Royalty
- 5.5%
- 5.5% of net sales for streetside and mall locations (4% at airports), paid weekly
- Renewal fee
- See terms
- 25% of then-current
- Agreement length
- 15 years
- Territory
- Protected
- Protected territory
- Franchisor financing
- None offered
Where it is
- US locations, 2023
- 37
- Franchised and company-owned
- Franchised
- 37
- Company-owned
- 0
- Change in 3 years
- −2
- Franchised locations, 2021–2023
- States
- 10
- Most in Georgia, Texas and Missouri
Support and records
From Great Wraps, Inc’s 2024 filing; revenue and net income from its audited financial statements, page 59; SBA status from the SBA Franchise Directory, October 28, 2026.
Franchisor revenue is the company that sells the franchises (royalties, fees and anything else it earns), not what a location makes.
Where it ranks
Great Wraps among all franchises with the same figure.
| Figure | Great Wraps | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $416,675 | Costs more than 56% of franchises |
| Franchise feePaid once, when you sign | $24,000 | Lower than 88% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5.5% | Lower than 66% of brands with a set rate |
| US locationsFranchised and company-owned | 37 | More than 59% of franchises |
| Sales per locationYearly, as the brand reports it | $678,453 | Lower than 57% of brands that share sales figures |
| Sales against cost to openYearly sales over the cost midpoint | 1.6× | Higher than 51% of brands that share sales figures |
How much a Great Wraps franchise costs
Opening one Great Wraps costs an estimated $269,650 to $563,700. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: Great Wraps, Inc, 2024 filing, page 1
Great Wraps franchise fee
The franchise fee is $24,000, for streetside or mall locations; $7,500 at airports. You pay it when you sign the franchise agreement.
Source: Great Wraps, Inc, 2024 filing, page 11
Royalty and ongoing fees
| Royalty | 5.5% of net sales for streetside and mall locations (4% at airports), paid weekly. |
|---|---|
| Technology fee | $30-$150 – set by unrelated third party |
| Renewal Fee | 25% of then-current |
| Local Advertising | 2% of net sales each month for Cafe stores only |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Great Wraps, Inc, 2024 filing, page 11
Other fees as filed, from pages 12–13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures Great Wraps publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
- Average sales
- $678,453
- Median sales
- $644,716
Yearly figures for 2023, covering franchise units open at least 12 months at the end of 2023 (36 locations). The average is about 1.6 times the midpoint of the cost to open.
Sales are what a location takes in before rent, payroll, royalties and other costs, not what its owner keeps.
Source: Great Wraps, Inc, 2024 filing, page 36
SBA loans to Great Wraps franchisees
Lenders approved 31 SBA 7(a) loans for Great Wraps franchisees from 2002 to 2017, $5.84M in all. Of the 30 that have ended, 20 were paid in full and 10 were charged off (33.3%). The other one hasn’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
Growth and closures
Share of franchised locations, 2023 / 2021–2023. Typical means the median: half of brands are above it, half below.
| Measure | Great Wraps | Typical sandwich brand | Typical franchise |
|---|---|---|---|
| GrowthNet change in franchised locations | −2.6% / −5.1% | 0% / 0% | +1.2% / +10% |
| ClosuresTerminated, not renewed or stopped operating | 5.3% / 21% | 2% / 13% | 3.9% / 16% |
| Bought backLocations the franchisor took back | 0% / 0% | 0% / 0% | 0% / 0% |
Typical sandwich brand is the median of the 35 brands in sandwich franchises with three years of counts.
How Great Wraps compares
Of the 80 sandwich franchises on this site, Great Wraps is the 30th cheapest to open and the 32nd largest by number of locations.
| Figure | Great Wraps | Typical sandwich brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $270K | $321K | $222K |
| Cost to open, high end | $564K | $683K | $477K |
| Franchise fee | $24K | $32K | $40K |
| Royalty | 5.5% | 6% | 6% |
| Sales per location | $678K | $857K | $794K |
| US locations | 37 | 31 | 21 |
| Shares earnings figures | Yes | 50 of 80 | 2,147 of 3,352 |
Typical is the median across the 80 brands in sandwich franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2021 | 38 (−1) | 0 | +3 | −4 |
| 2022 | 38 (0) | 0 | +2 | −2 |
| 2023 | 37 (−1) | 0 | +1 | −2 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: sandwich and sub franchise costs and franchise failure rates.
Source: Great Wraps, Inc, 2024 filing, page 38
Where Great Wraps locations are
At the end of 2023, Great Wraps had franchised locations in 11 states and territories. The most are in Georgia, Texas and Missouri.
- Georgia18
- Texas9
- Missouri2
- District of Columbia1
- Florida1
- Illinois1
| State | Franchised |
|---|---|
| Georgia | 18 |
| Texas | 9 |
| Missouri | 2 |
| District of Columbia | 1 |
| Florida | 1 |
| Illinois | 1 |
| New Jersey | 1 |
| North Carolina | 1 |
| South Carolina | 1 |
| Tennessee | 1 |
All 11 states
| Virginia | 1 |
|---|
Source: Great Wraps, Inc, 2024 filing, page 39
Who owns Great Wraps?
Great Wraps franchises are sold by Great Wraps, Inc.
From Great Wraps, Inc’s 2024 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Great Wraps, Inc, 2024 filing, litigation on page 10, bankruptcy on page 10
Great Wraps filings
The figures on this page come from Great Wraps, Inc’s 2024 filing, issued March 27, 2024, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2024 filing | March 27, 2024 | NASAA depository | Costs, fees and locations, 2021–2023 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other sandwich franchises
All sandwich franchises
Great Wraps is also on these lists: fast food franchises, restaurant franchises, food franchises.