Panera Bread/Saint Louis Bread Company vs Lee's Sandwiches Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Panera Bread/Saint Louis Bread Company vs Lee's Sandwiches including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Panera Bread/Saint Louis Bread Company Franchise
Lee's Sandwiches Franchise
Investment $1,010,985 - $2,252,846$235,830 - $1,830,000
Franchise Fee $35,000$35,000 - $75,000
Royalty Fee 5%6.9%
Advertising Fee -2%local +2%Nat'l
Year Founded 1987-
Year Franchised 1993-
Term Of Agreement 20 years10 years +5+5+5
Term Of Agreement 20 years10 years +5+5+5
Renewal Fee --


Business Experience Requirements

 
Panera Bread/Saint Louis Bread Company Franchise
Lee's Sandwiches Franchise
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

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Financing Options

 
Panera Bread/Saint Louis Bread Company Franchise
Lee's Sandwiches Franchise
  In-House/3rd PartyIn-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

 
Panera Bread/Saint Louis Bread Company Franchise
Lee's Sandwiches Franchise
Training -Your or your designated manager will be required to attend an initial training course of 12 weeks for a Production Unit, 8 weeks for a Non-Production Unit or Mall Unit. This initial training will focus on various aspects of your restaurant and include both classroom and on-the-job training.
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations*For approximately 10 days we will furnish one of our representatives on site for opening and operations assistance. *provide operational assistance and guidance *loan you a copy of the LEE'S SANDWICHES operations manual
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)

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Expansion Plans

 
Panera Bread/Saint Louis Bread Company Franchise
Lee's Sandwiches Franchise
US Expansion 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.

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About Lee's Sandwiches

Behind every great American entrepreneurial success story stands a united family. The Lee Family in San Jose is one such example of hard-working Americans that have built a thriving restaurant and food service business. In 2001, the family created a new concept: a mixture of bright, energetic restaurant sandwich environment, entertainment cafe and Asian-American cuisine. In addition to the traditional Vietnamese ''banh mi'' sandwiches, there are traditional American sandwiches such as ham and cheese served on baguettes or croissants.
Lee’s Sandwiches began opening locations in Northern California, Southern California, Arizona, Texas and Oklahoma. Today, Lee’s Sandwiches has over sixty locations all across the country with further plans to expand.