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Great Harvest Franchising Inc.

2014 Franchise 500
#176
At a Glance

Products & Services: Bread bakery

Number of Locations: 209

Total Investment: $121.5K - $622.9K

Founded: 1976

Began Franchising: 1978

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 started 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
2014 209 0 0 0
2013 212 0 0 0
2012 211 0 0 0
2011 212 0 0 0
2010 209 0 0 0
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $121,544 - $622,938
Franchise Fee: $38,000
Ongoing Royalty Fee: 4-7%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 15% off franchise fee
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, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,
Other marketing support: PR campaign during opening, monthly marketing promotions, annual marketing plan

Franchise Ranking History

Franchise 500®: #176 (2014), #167 (2013), #166 (2012), #155 (2011), #193 (2010),
America's Top Global: #151 (2010),

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