Great WrapsFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Great Wraps franchise requires a total initial investment of $270K – $564K, including a $24K franchise fee and an ongoing 5.5% royalty[2]. Per the 2024 FDD, average unit revenue was $678K[2]. SBA 7(a) loans show a 34.5% charge-off rate across 31 loans[1]. Verdict grade: C. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2024 FDD issuance
Overview
- Investment
- $270K – $564K
- 52nd pct Service Resta…
- Avg gross sales
- $678K
- 20th pct Service Resta…
- Royalty
- 5.5%
- 40th pct Service Resta…
- Units
- 37
- 58th pct Service Resta…
- SBA default
- 34.5%
- system-wide median varies by category
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = >15% above Quick-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
34.5% of SBA loans charged off across 31 loans, above the 16% franchise average.
Franchising since 1989. Systems this mature have refined operations and brand recognition.
Bottom line
- Total investment $270K – $564K including a $24K franchise fee, 5.5% ongoing royalty.
- Average unit revenue of $678K/year (median $645K).
- Verdict C (Average) with a risk score of 68/100. SBA loan charge-off rate of 34.5% across 31 loans (well above the 16% franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- GREAT WRAPS, INC.
- CEO title
- President
- Robert Solomon
- CEO experience
- 1988 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- GA
- HQ
- 17 Executive Park Drive, Suite 150, Atlanta, Georgia 30329
- Auditor
- REESE CPA LLC
- Audited financials
- Franchisor revenue
- $1.3M
- vs $1.5M prior year
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
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.
- CEO
- Robert Solomon
- Headquarters
- GA
- Founded
- 1988
- FDD year
- 2024
- States available
- 11
FDD Item 7 · 2024 filing · 16 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $8K | $24K | |
| Professional Feesnot refundable | $2K | $6K | |
| Insurancenot refundable | $6K | $6K | |
| Security Depositnot refundable | $0 | $13K | |
| Architectural Feesnot refundable | $8K | $15K | |
| Leasehold Improvementsnot refundable | $100K | $250K | |
| Equipment, Seating, Decornot refundable | $50K | $150K | |
| Signage, Graphics, Menuboardnot refundable | $15K | $26K | |
| Point-of-Sale Equipmentnot refundable | $4K | $5K | |
| Opening Inventory (Food)not refundable | $8K | $10K | |
| Opening Inventory (Paper Goods)not refundable | $2K | $2K | |
| Smallwaresnot refundable | $7K | $12K | |
| Grand Opening Marketingnot refundable | $3K | $5K | |
| Office Supplies, Cash Safenot refundable | $1K | $4K | |
| Training, Travel, Lodgingnot refundable | $2K | $3K | |
| Additional Funds, First three monthsnot refundable | $40K | $40K | |
| Total initial investment | $253K | $570K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$109K
16.0% margin
Unlevered ROIC
24%
EBITDA / total invested capital
Payback
4.2 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $270K – $564K
- Near category avg vs category
- Liquid capital req'd
- $40K – $40K
- Below avg, review vs category
- Franchise fee
- $8K – $24K
- Better than avg vs category
- Royalty
- 5.5%
- percentage · typical 6–8%
- Ad fund
- 0.5%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.5% of gross sales |
| Marketing / ad fund | 0.5% of gross sales |
| Technology fee | $150 |
| Transfer fee | $12K |
| Renewal fee | $6K |
| Total fee load | 6.0% of rev |
A 6.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
Financial Performance
- Avg gross sales
- $678K
- Per unit, per year
- Median gross sales
- $645K
- Item 19 type
- gross_sales
- Sample size
- 36 units
- vs category median 28
- Range (low → high)
- $296K→$1.1M
- Cohort dispersion (min → max)
- Quartile band
- $450K→$907K
- Bottom 25% → top 25%
- Reporting year
- 2023
- Fiscal year the figures cover
- Transparency
- 4 / 5
- vs category median 4 / 5 · typical
Compared against 453 Quick-Service Restaurants brands
vs Quick-Service Restaurants averages
How Great Wraps Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 37
- Opened
- 1
- Last reporting year
- Closed
- 2
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 5.4%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Multi-unit owners
- 8.3%
- Net growth (yr3)
- -2.6%
- Net unit change last year
- 3-yr CAGR
- -2.6%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 5
- Transfer rate
- 13.5%
- Owners selling to other franchisees
- Ceased ops
- 5.4%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 11 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 31
- Loan volume
- $5.8M
- Median loan
- $195K
- 50th percentile
- Charge-off rate
- 34.5%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 65.5%
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 22
- Defaults
- 10
Vintage analysis
Great Wraps charge-off rate by loan vintage
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Great Wraps's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 10 lenders with concentration factor
- Per-state charge-off rates across 12 states
- Startup risk premium and job creation velocity
- 12-year lending trend
Instant access. No subscription.
A 34.5% charge-off rate means roughly 1 in 3 franchisees failed to repay their SBA loan. Investigate what changed.
Risk analysis
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.
Litigation (Item 3)
No litigation required to be disclosed
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · REESE CPA LLC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 68 / 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
| Initial term | 15 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Territory radius | 1.5 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 20 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 10 days |
| Mandatory arbitration | No |
| Governing law | Georgia |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed
Items 10, 11
Training & Operations
- Classroom training
- 20 hrs
- On-the-job training
- 105 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
- POS system
- Aloha
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Aloha
Item 20 · call current owners
Franchisee Contacts
36 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Great Wraps · FDD (2024) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Great Wraps franchise?
The total investment to open a Great Wraps franchise ranges from $270K – $564K, with an initial franchise fee of $24K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Great Wraps franchise owners earn?
According to Item 19 of the Great Wraps FDD, the average gross sales per unit is $678K. The median is $645K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Great Wraps's franchise failure rate?
Based on SBA 7(a) loan data, Great Wraps has a charge-off rate of 34.5% across 31 loans, meaning 34.5% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Great Wraps franchise locations are there?
As of their most recent FDD filing, Great Wraps has 37 total units in the United States, including 37 franchised units and 0 company-owned units. 1 new units were opened in the latest reporting year.
Is Great Wraps a good franchise to buy?
FranchiseVerdict rates Great Wraps as a C-grade franchise with a risk score of 68 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.