Great Harvest Franchising Inc.

#166

At a Glance

Products & Services: Bread bakery

Number of Locations: 212

Total Investment: $121.62K - 569.25K

Founded: 1976

Began Franchising: 1978

Private Owned

About Great Harvest Franchising Inc.

Pete Wakeman had been baking bread most of his life. As a child, he would help his aunt. In high school, he baked for his friends. During summer vacations, he sold bread from the roadside. In 1976, when Wakeman heard about a bakery in Great Falls, Montana, that was going under, he bought it. With the help of his wife, Laura, Wakeman established the Great Harvest Bread Co. and set about baking loaves for people in the Great Falls community.

Soon, people from neighboring communities starting asking about setting up their own Great Harvest locations. The first franchise opened in Kalispell, Montana. In 1983, the Wakemans converted their Great Falls bakery into a franchise and moved company headquarters to Dillon, Montana, so they could concentrate on the franchising end of their business.

Great Harvest bakeries serve a variety of breads each day including honey whole wheat, white cheddar garlic, sunflower and cranberry orange.

Franchise Units

Year	U.S.	Canadian	International	Company Owned
2011	212	0	0	0
2010	209	0	0	0
2009	205	0	0	0
2008	207	0	0	0

Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.

Startup Costs, Ongoing Fees and Financing

Total Investment: $121,624 - $569,248
Franchise Fee: $35,000
Ongoing Royalty Fee: 4-7%
Term of Franchise Agreement: 10 years, renewable

Financial Requirements

Net Worth: $350,000
Liquid Cash Available: $80,000

Operations

20% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 5 - 7. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

Training: Available at headquarters: 1 week. At franchisee's location: 1 week. At existing locations : 2 weeks.

Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives,

Marketing Support: Co-op advertising, Ad slicks, Regional advertising,

Other marketing support: PR campaign during opening, monthly marketing promotions, annual marketing plan