Bottom line
- Total investment $270K – $564K including a $24K franchise fee, 5.5% ongoing royalty.
- Average unit revenue of $678K/year (median $645K).
- Rated STRONG with a risk score of 52/100. SBA loan default rate of 0.0% across 40 loans (below the industry average).
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Great Wraps unit return on the cash you put in?
Unlevered ROIC · per unit
24%
Below typical band (30–60%)
Levered LBO scenario · Yale Crease Capital framing
What would 25 Great Wraps units return on equity?
Equity IRR · 5-yr
49.9%
7.57× MOIC
Year-1 DSCR
1.88×
EBITDA ÷ debt service
Equity required
$1.2M
on $6.1M purchase
Total debt
$4.9M
SBA $3.1M + senior + seller note
Overview
About
Great Wraps franchisees operate quick-service restaurants specializing in wraps and casual prepared foods. Daily operations include food preparation, inventory management, customer service, and point-of-sale transactions in a limited-service format. Revenue averages ~$678K annually, though net profit margins remain undisclosed.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 16 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Declining unit count, missing profitability disclosure, and high investment-to-revenue ratio present meaningful risk despite absence of litigation.
Score breakdown · what drove the 52 / 100 rating
- 01MINORUnit count declining 2.6% YoY indicates system contraction and potential market saturation or franchisee dissatisfaction
- 02MEDNet income not disclosed in Item 19 prevents ROI validation; only average revenue of $678,453 is provided without profitability context
- 03MEDHigh initial investment range ($269,650-$563,700) relative to undisclosed net income creates uncertainty about payback period and actual returns
- 04MINOR5.5% royalty on net sales is moderate-to-high; combined with operating costs, profitability margins are unclear
- 05MEDOnly 37 units systemwide suggests limited brand recognition and smaller support infrastructure compared to established chains
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
44 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Great Wraps · FDD (2024) PDF