How Much Does a Panera Franchise Cost?
The Panera Bread franchise system requires liquid assets of $3,000,000 and a net worth of $7,500,000. Your total investment per unit will run between $1,010,985 and $2,252,846 (excluding real estate and related costs, and landlord allowances). If you do have $3,000,000 in cash available, (lucky you) please read on...Most Panera Bread franchisees enter the Panera System by meeting the following criteria: You must have prior experience as a recognized multi-unit restaurant operator with a proven record of accomplishment. You also must have 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. Multi-week training provides the franchisee with a proven formula for success.
Panera Bread franchise is looking for individuals with the ability to expand rapidly and who have the resources to do it. Panera Bread does not sell single-unit franchises, so it is not possible to open just one bakery-cafe. Panera has chosen to require the franchise developer to open a number of units, typically 15 bakery-cafes within a period of 6 years. If you feel you have this level of resources, Panera may be just what you're looking for.
If you are new to franchising, we suggest you speak with a franchise consultant about your goals before jumping into any franchise opportunity.
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