Breadsmith

At a Glance

Products & Services: Hearth-baked breads

Number of Locations: 32

Total Investment: $284K - $385.5K

Founded: 1993

Began Franchising: 1993

About Breadsmith

While studying in Norway, college student Dan Sterling got his first taste of European bread. Sterling returned to the United States and graduated from Harvard Business School before starting his own company. But he never lost his love of bread, and after volunteering to help a local bakery with its accounting, he decided to launch a bakery of his own. He opened the first Breadsmith location in 1993, and the company began franchising in 1994.

Franchise Units

Year U.S. Canadian International Company Owned
2014 30 0 0 2
2013 30 0 0 2
2012 32 0 0 2
2011 35 0 0 1
2010 34 0 0 1
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $284,000 - $385,500
Franchise Fee: $30,000
Ongoing Royalty Fee: 7-5%
Term of Franchise Agreement: 15 years, renewable
Veteran Incentives: 10% off franchise fee
Financial Requirements
Net Worth: $500,000
Liquid Cash Available: $150,000
Operations
10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 20. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 3 weeks. At franchisee's location: 2 weeks.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations
Marketing Support: Co-op advertising, Ad slicks,
Other marketing support: Posters, POP, outline for annual promotions

Franchise Ranking History

Franchise 500®: #490 (2012),

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