| ||||
Updated RecentlyPanera Bread/Saint Louis Bread Company vs Nothing Bundt Cakes Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Panera Bread/Saint Louis Bread Company vs Nothing Bundt Cakes including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $1,010,985 - $2,252,846 | $431,587 - $600,387 |
| Franchise Fee | $35,000 | $35,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | - | 4% |
| Year Founded | 1987 | 1997 |
| Year Franchised | 1993 | 2006 |
| Term Of Agreement | 20 years | - |
| Term Of Agreement | 20 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | *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 *Total commitment to the development of the Panera Bread brand *Cultural fit and a passion for fresh bread | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/Yes |
| Start-up Costs | No/No | -/Yes |
| Equipment | No/No | -/Yes |
| Inventory | No/No | -/Yes |
| Receivables | No/No | -/Yes |
| Payroll | No/No | -/Yes |
Training & Support |
||
| Training | - | On-The-Job Training: 4 weeks Classroom Training: 4 weeks |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | Co-op Advertising Ad Templates National Media Regional Advertising |
| Operations |
Franchisees required to buy multiple units/master licenses; 100% of all franchisees own more than one unit Number of employees needed to run franchised unit: 40 - 60
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Panera Bread/Saint Louis Bread Company
After more than 17 years in the retail industry, Ken Rosenthal changed gears and founded Saint Louis Bread Co. in 1987. His goal was to create a neighborhood bakery where people could pick up fresh-baked bread, meals and snacks. In 1993, Rosenthal sold Saint Louis Bread to Au Bon Pain Co. Six years later, the company was renamed Panera Bread.
The future growth of Panera Bread will be based upon company bakery-cafe development as well as the continued sale of franchise area development agreements.
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.
Panera Bread franchises must be well-capitalized to open great bakery-cafes and meet this aggressive development schedule. Additionally, they must have a proven track record as excellent multi-unit restaurant operators to operate great Panera Bread bakery-cafes.
!["franchiserankingscom"]("https://d3t9r0kmeshe93.cloudfront.net/settings/71116cc7-281b-43ed-8275-5087635f96d8.png")
#38 on Franchise Rankings.com
About Nothing Bundt Cakes
"So Yummy You'll Wish It Didn't Have a Hole!"
Nothing Bundt Cakes is a retail bakery offering 10 unique flavors of moist delicious bundt cake in 3 sizes. Cascading down each cake is our velvety cream cheese and butter signature frosting, a true testimony to premium ingredients and homespun care. The cakes are then C'round with lovely decorations celebrating a special moment or occasion. Cake platters, balloons, candles, and cards are a perfect complement to your exceptional gift.
The total investment necessary to begin operation of a Nothing Bundt Cakes® Bakery is $431,587 to $600,387, excluding extension fees. This
includes $63,800 to $65,800 that must be paid to the franchisor and its
affiliate.
The franchisor also offers an Area Development Agreement for the establishment and operation of multiple Nothing Bundt Cakes® Bakeries in a specified development area. The Area Development Fee is $35,000 for the first Bakery developed under the Area Development Agreement and $25,000 for each additional bakery developed under the Area Development Agreement.
The franchisor also offers an Area Development Agreement for the establishment and operation of multiple Nothing Bundt Cakes® Bakeries in a specified development area. The Area Development Fee is $35,000 for the first Bakery developed under the Area Development Agreement and $25,000 for each additional bakery developed under the Area Development Agreement.
The total investment necessary to begin operation of the
first Bakery under an area development business is $456,587 to $650,387,
excluding extension fees. This includes $88,800 to $113,800 that must
be paid to franchisor or an affiliate in connection with opening the
first Bakery.
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#45 in Franchise 500 for 2020.
#16 in Franchise 500 for 2021.