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Below is an in-depth analysis and side-by-side comparison of Paradise Bakery & Cafe vs Ben's Soft Pretzels including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $480,000 - $1,205,000 | $107,200 - $339,500 |
Franchise Fee | $40,000 | $30,000 |
Royalty Fee | 5% | 6% |
Advertising Fee | - | 1.5% |
Year Founded | - | 2008 |
Year Franchised | - | 2013 |
Term Of Agreement | 10 years | - |
Term Of Agreement | 10 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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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 |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/Yes |
Start-up Costs | -/- | -/Yes |
Equipment | -/- | -/Yes |
Inventory | -/- | -/Yes |
Receivables | -/- | -/Yes |
Payroll | -/- | -/Yes |
Training & Support |
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Training | - | As a Franchise Partner, you will receive many different forms of hands-on training. We focus on teaching you how to run your business, as well as, how to make our legendary Ben's Soft Pretzel products. We are here to help you every step of the way. * 101 Training (3-Days at Ben's Soft Pretzels University): We walk you through all of the important aspects of starting and managing a successful business. * Reality Training (5-Days at Ben's Soft Pretzels University). In this training we show you everything you need to know about making our delicious pretzel products. * In-Store Training (6-Days). We send a Pretzel Professor to your bakery for 6 days when you open your store to help train your staff in the art of perfect pretzel making. * On-Going Training. We offer multiple training opportunities throughout the year for both Franchise Partners and Bakery Managers. We also offer monthly Franchise Partners conference calls, an online forum, and weekly newsletter to keep you up-to-date with the latest happenings surrounding our business. |
Support | - | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | - | Here at Ben's Soft Pretzels we are fortunate to have a brand that customers L-O-V-E. Our easy-to-follow marketing programs allow franchise partners to focus their marketing efforts locally. We assist you in turning customers into raving pretzel-loving fans. From announcing the opening of your bakery, to planning your Grand Opening, to growing your brand online, we help our franchise partners every step of the way. We come along side you to create a finely-tuned marketing plan to connect with customers, influencers and community leaders near your bakery. Throughout the year we offer ongoing marketing training to keep up to speed with the most effective marketing tools and tactics. |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | Yes |
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.