How much can you make owning a Panera Bread franchise?
The Panera Bread franchise system requires liquid assets of $3,000,000 and a net worth of $7,500,000. Your total investment per unit will run between $1,010,985 and $2,252,846 (excluding real estate and related costs, and landlord allowances). If you do have $3,000,000 in cash available, (lucky you) please read on...
How much does Panera pay?
Tell us about you and get an estimated calculation of how much you should be earning and insight into your career options. How much does Panera Bread in the United States pay? Average Panera Bread hourly pay ranges from approximately $9.59 per hour for Fast Food Attendant to $20.01 per hour for General Assistant.
How much do Panera managers make?
How much does a manager at Panera make? Panera Bread Salary FAQs How does the salary as a Manager at Panera Bread compare with the base salary range for this job? The average salary for a Manager is $80,196 per year in United States, which is 75% higher than the average Panera Bread salary of $45,718 per year for this job.
Is Panera Bread worth the money?
While Panera Bread is certainly a healthier option than a burger and fries, for the most part, there are some menu items that are better left unordered. Unfortunately, this applies to some fan-favorite menu items from Panera that you might not expect.
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How much does a Panera franchise cost?
Panera Bread Franchise Cost / Initial Investment / Panera Bread Franchise. The Panera Bread initial franchise fee is $35,000, with the total investment required to become a Panera Bread franchise owner between $942,000 and $1.6 million.
How much does a Panera owner make?
Panera's aggressive development plans calls for seasoned franchise owners with a hefty price tag. But the payout could make it all worth it. Forbes Business Magazine published an article stating that the average Panera bread makes $2.47 million annually.
Are Panera's independently owned?
Panera Bread operates both company-owned and franchised restaurants that they refer to as cafés.
How much does the average Panera Bread make a year?
Salaries at Panera Bread Company range from an average of $36,161 to $77,322 a year.
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
Do franchise owners make money?
Franchise Business Review found that the average annual pre-tax income of franchise owners in America is $80,000. Only 7% of franchise owners make more than $250,000 annually, and 51% earn less than $50,000. Legally, franchisors cannot give income amounts or forecasts of future income.
Where does Panera get their soup?
That Soup Isn't Made In-House It may taste homemade, but that Panera soup wasn't actually prepared by the workers at your local shop. "The soups are made at a factory/plant/etc., flash-frozen, shipped to us, and we thaw it out in what's called a thermalizer, essentially a soup-thawer," says one former employee.
What company owns Panera?
JAB Holding CompanyPret Panera I G.P.Panera Bread/Parent organizations
Is Panera franchise or corporate?
Panera Bread does not sell single-unit franchises, so it is not possible to open just one bakery-cafe. Rather, we have chosen to develop by selling market areas which require the franchise developer to open a number of units, typically 15 bakery-cafes in a period of 6 years.
What is the cost of a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
Does Panera do drug testing?
No, Panera Bread does not drug test. From our research, an overwhelming majority of past and former employees report not being asked to submit to a pre-employment drug test as part of the hiring process. Panera Bread's Employee Code of Conduct also does not mention a pre-employment drug test.
Do you tip at Panera?
Unless things have changed since my last visit to Panera several months ago, no tipping is expected. However if you see a tip jar near the cash register, or there's a line on the receipt that lets you add a tip, you could.
How much does owner of Subway make?
The average salary for an Owner is $122,868 per year in United States, which is 35% higher than the average Subway salary of $90,583 per year for this job.
What does it take to own Panera Bread?
Qualification Criteria (Domestic)Experience as a multi-unit restaurant operator.Recognition as a top restaurant operator.Net worth of $7.5 million.Liquid assets of $3 million.Infrastructure and resources to meet our development schedule.Real estate experience in the market to be developed.More items...
Who is Panera Bread owned by?
JAB Holding CompanyPanera Bread is privately held by JAB Holding Company. Panera Bread is part of Panera Brands, one of the largest fast casual restaurant platforms in the U.S., comprised of Panera Bread®, Caribou Coffee® and Einstein Bros. ® Bagels.
Who is the CEO of Panera Bread?
Niren Chaudhary (May 23, 2019–)Panera Bread / CEONiren Chaudhary is the CEO of Panera Brands, one of the world's largest fast casual restaurant companies with nearly 4000 locations in 10 countries. Panera Brands is comprised of Panera Bread, Caribou Coffee and Einstein Bros Bagels.
Does Panera Franchise?
Panera Bread operates both company-owned and franchised restaurants that they refer to as cafés. In 2015 the company surpassed 2,000 total cafés, with approximately half of these being a Panera franchise. However, Panera Bread does not sell single unit franchises.
About the Author - Matt Alden
Online lead gen pioneer/innovator @ Franchise.com Network. Small biz leader/operator, drummer, hockey fan, and saltwater enthusiast.
How much does it cost to franchise Panera Bread?
The Panera Bread initial franchise fee is $35,000, with the total investment required to become a Panera Bread franchise owner between $942,000 and $1.6 million.
How many Panera Bread locations are there?
Today, Panera Bread oversees 1,453 locations nationwide, all franchise-owned and operated, in addition to 17 facilities that bake and deliver fresh dough to the bakery-café locations every day.
How long does Panera Bread last?
Panera Bread sells marketing regions to franchise owners, working with franchisees to open a series of its bakery-cafes—typically 15—over a period of 6 years.
When did Panera Bread change its name?
Panera Bread was originally the Au Bon Pain Co., which purchased the St. Louis Bread Company in 1993 as its headquarters, then changed the company name to Panera Bread and began a nationwide expansion. The St. Louis Bread Company retains its brand name.
Is Panera Bread a nonprofit?
In 2010, Panera Bread’s nonprofit foundation created Panera Cares, a nonprofit “Pay what you can” restaurant in St . Louis. The concept has since expanded to Dearborn, Michigan, and Portland, Oregon. Panera Bread is also one of the largest providers of free WiFi in the country.
Is Panera Bread a good company?
With its emphases on health, wellness, fresh ingredients, delicious recipes and excellent service, Panera Bread has built a solid reputation nationally as a strong, dependable business with a conscience. In 2010, Panera Bread’s nonprofit foundation created Panera Cares, a nonprofit “Pay what you can” restaurant in St. Louis. The concept has since expanded to Dearborn, Michigan, and Portland, Oregon. Panera Bread is also one of the largest providers of free WiFi in the country.
Is Panera Bread a franchise?
With its carefully crafted reputation for health food served up fast, combined with warm, comfortable surroundings, Panera Bread has become one of the fastest-growing franchise brands in America. Its menu, with savory baked breads, soufflés and sweets, as well as a full offering of café fare, including Panini sandwiches, hand-tossed salads, ...
Panera Bread
Panera Bread bakery-cafes feature high quality, reasonably priced food in a warm, inviting and comfortable environment.
About Panera Bread
Thirty years ago, at a time when quick service meant low quality, Panera set out to challenge this expectation. They believed that food that was good and that you could feel good about, served in a warm and welcoming environment by people who cared, could bring out the best in all of us.
Available Franchise Opportunities
While Panera Bread is not currently accepting new applicants on Franchising.com, these other similar opportunities are actively looking for new franchisees.
How many states does Panera Bread have?
Based on 2016 FDD data, Panera Bread has franchise locations in 39 states. The largest region is the South with 399 franchise locations.
What is Panera Bread?
Panera Bread Bakery-Cafes specialize in the retail sale of fresh bakery goods, sandwiches, soups, salads, and custom-roasted coffees.
How many franchise locations do they have?
As of the 2016 Franchise Disclosure Document, there are 1112 franchised Panera Bread locations in the USA.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
How much Do Panera Bread Franchise Owners Make?
This requires prospect franchisees to become a franchise developer. All Panera Bread franchise developers open multiple units. On average, a Panera franchise owner opens 15 bakery-cafes within six years.
How much does Panera bread make?
But the payout could make it all worth it. Forbes Business Magazine published an article stating that the average Panera bread makes $2.47 million annually.
Why did Panera Bread start taking off?
Around the time Panera Bread’s franchise starting taking off was when many Americans realized that the country’s food system needed to be fixed. The foods Americans were consuming were packed full of chemicals, animals being eaten were inhumanely slaughtered, and people were growing sick of it. An unhealthy food system also means more emissions and a heavier carbon footprint.
When did Panera Bread buy Paradise?
The franchise made another huge business move in 2007 when Panera Bread purchased a majority stake in Paradise Bakery & Cafe assuming over 70 locations in 10 states centered in the west and southwest around the Phoenix-based concept.
When did Panera Bread change its name?
What was soon-to-be-called Panera bread was rising to the ambition of becoming one of the leading brands in America. Two years later, the company sold all AU Bon Pain., INC’s business units while retaining the Panera Bread franchise in 1999. The company officially renamed to Panera Bread and the transition was complete.
When did Panera Bread introduce chicken?
The idea that consumers wanted healthier food choices was just peaking on the horizon–when in 2004 –Panera introduced chicken raised without antibiotics to their menus.
Is Panera Bread healthy?
Panera Bread is most known for providing customers with healthy diet options. As a leader in the bakery-cafe franchise segment, the company pledges to serve food that is, “better for you, our associates, and the world we live in,” as boasted by their website.
What is a Panera Bread franchise?
Territory Granted: The Franchise Agreement grants to franchisees the right to own and operate a Panera Bread Bakery-Cafe at a specific location. Except as for limited exceptions, the franchisor will not operate a Panera Bread Bakery-Cafe or grant to a third party the right to operate a Panera Bread Bakery-Cafe within a geographic area (the Protected Area) consisting of a one mile radius from the center of the Premises, unless the parties have identified a different Protected Area. It is anticipated that a Protected Area generally will be used in connection with Bakery-Cafes located in geographical areas of two types. The first type is defined as an “Urban Residential area” with residential population greater than 50,000 people within a two-mile radius of a site; the second type is a “City Center area” which is defined as having daytime population of greater than 20,000 people within a ¼-mile radius of a site. If both of these types apply to a location, then a “City Center area” criteria will be used for the Protected Area.
Who is the franchisee of Panera Bread?
Franchise Description: Panera, LLC is the franchisor. The franchise offered is for a Panera Bread Bakery-Café which will specialize in the retail sale of fresh bakery goods, sandwiches, soups, salads, custom roasted coffees and other café beverages, other menu items and merchandise related to the Panera Bread concept, as the franchisor may authorize from time to time.
What training is required for a Panera bakery?
Baking Training is a six week program taught by a baker trainer, which culminates in a test of product knowledge and a solo bake that will be graded for product quality, time management, efficiency and cleanliness. Retail Training is a seven week program taught by a general manager who has been certified to train. Retail Training consists of both classroom training (one week) and hands-on training (six weeks), and trainees shall be both tested for knowledge and observed for use of proper standards and procedures. Any bakery-café training will be conducted at a certified Panera Bread training Bakery-Cafe. Current certification status from an ANSI Accredited Program, including ServSafe from National Restaurant Association, National Registry from Environmental Health Testing, Prometrics, 360 Training or equivalent, or a Panera-approved food safety course within the operating state, if offered by the state, is required for all active managers who run shifts. In addition to the training program, the franchisor may require franchisees and/or their Operating Partner and other personnel for the Bakery-Cafe to attend and successfully complete periodic or additional training programs.
How long is the franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is 20 years. An initial franchise may be granted a renewal of franchise under terms of then-current Franchise Agreement. The new agreement may have terms and conditions materially different from the original contract. A successor franchise has no renewal rights.
Does franchising offer financing?
Financial Assistance: The franchisor does not offer direct or indirect financing to franchisees. The franchisor does not guarantee a franchisee’s notes, leases or other obligations.
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Do franchisees need to complete training for bakery cafe?
In addition to the training program, the franchisor may require franchisees and/or their Operating Partner and other personnel for the Bakery-Cafe to attend and successfully complete periodic or additional training programs.
