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Below is an in-depth analysis and side-by-side comparison of Panera Bread/Saint Louis Bread Company vs Bagel Bagel including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $1,010,985 - $2,252,846 | $170,000 - $425,000 |
Franchise Fee | $35,000 | $20,000 - $25,000 |
Royalty Fee | 5% | 5% |
Advertising Fee | - | 2% |
Year Founded | 1987 | - |
Year Franchised | 1993 | - |
Term Of Agreement | 20 years | - |
Term Of Agreement | 20 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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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 |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | - |
Marketing | Co-op advertising, Ad slicks, 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) | - |
Expansion Plans |
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US Expansion | Yes | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
Bagel Bagel Cafe opened its first location in Tallahassee, Florida-July 1991 as Bagel Bagel,
"A Place So Nice We Named It Twice".
John Stout, founder of the concept, created the idea by utilizing skills he attained while working and managing a diverse number of restaurants in various regions of the country. John's experiences have allowed him to create an eclectic menu with unique cooking techniques that makes Bagel Bagel Cafe the success it is today. Bagel Bagel Cafe is growing rapidly, and is looking for Franchisees who: * Want to own an exciting restaurant concept * Prefer normal business hours vs. traditional dinner restaurants * Are looking for a concept with experienced franchise support without the unreasonable costs * Have at least $150,000 available to open their store Bagel Bagel Cafe is currently reviewing applications for new franchisees. Many of our locations are only open for breakfast and lunch, allowing operators a more flexible schedule.