Great Canadian Bagel vs Paradise Bakery & Cafe Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Great Canadian Bagel vs Paradise Bakery & Cafe including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Great Canadian Bagel Franchise
Paradise Bakery & Cafe Franchise
Investment $85,000 - $350,000$480,000 - $1,205,000
Franchise Fee $20,000$40,000
Royalty Fee -5%
Advertising Fee --
Year Founded 1993-
Year Franchised 1994-
Term Of Agreement -10 years
Term Of Agreement -10 years
Renewal Fee --


Business Experience Requirements
 
Great Canadian Bagel Franchise
Paradise Bakery & Cafe Franchise
Experience -* Prior experience as a successful multi-unit restaurant owner/operator;

* Strong leadership and management skills with a minimum of 5 years in the restaurant industry;

* Minimum net worth of $2.5 million with sufficient cash liquidity and financial resources to open and operate a minimum of 5 locations over the next 2-3 years, Paradise Bakery does not sell single-unit franchises;

* Entrepreneurial management style that will thrive within the operational guidelines set forth in the Paradise Bakery & Cafe �Ideal Scene�;

* And you must possess a passion for �great people serving great food�!


Financing Options
 
Great Canadian Bagel Franchise
Paradise Bakery & Cafe Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Great Canadian Bagel Franchise
Paradise Bakery & Cafe Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Great Canadian Bagel Franchise
Paradise Bakery & Cafe Franchise
US Expansion --
Canada Expansion --
International Expansion --

Company Overviews

About Great Canadian Bagel

In April, 1993 "The Great Canadian Bagel, Ltd." began operations with an initial store in Metropolitan Toronto. Featuring 24 varieties of fresh baked bagels, 21 flavours of cream cheese spreads and a selection of soups, salads, and made-to-order sandwiches, the store was an immediate success.
At The Great Canadian Bagel all bagels are baked fresh from recipes calling for only the finest natural ingredients with no preservatives. The majority of stores are equipped with an on-premise bakery enabling customers to watch the bagels being made and smell the aroma as they are taken from the oven. This combination of high quality product, attractive store atmosphere and their constant focus on providing the highest level of customer service all work together to set The Great Canadian Bagel a notch above the competition in the fast growing Bagel segment of the Foodservice market.

About Paradise Bakery & Cafe

While the "fast casual" bakery/cafe concept has gained popularity with consumers, developers and investors in recent years, Paradise Bakery & Cafe was one of the pioneers in this segment of the restaurant industry. Since its founding in 1976, the Company has followed a conservative growth strategy, choosing to establish its brand and reputation in the industry before expanding its presence. We have had significant interest in franchising opportunities as Paradise has successful street, downtown, resort, airport and mall locations. We are presently looking to franchise on a very limited basis, and only in certain key geographic markets. For those markets, we are looking for established multi-unit operators to join our passion driven culture as franchisees and make a commitment to high quality, delicious, freshly prepared food served with exceptional customer service in a warm and inviting atmosphere.