Great Harvest Franchising Inc.

Great Harvest Franchising Inc.

Great Harvest Franchising Inc.
#411

Initial Investment

LOW: $113,470
HIGH: $642,004

Change in Units

-5.6% -11 UNITS (1 Year)
-7.1% -14 UNITS (3 Years)

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Promoted Opportunities

Company Profile

Founded

1976

Franchising Since

1978 (38 Years)

Corporate Address

28 S. Montana St. Dillon, MT 59725

CEO

Mike Ferretti

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.

Financials

Financial Requirements

Initial Investment

$113,470 - $642,004

Net-worth Requirement

$90,000 - $100,000

Liquid Cash Requirement

$90,000 - $100,000

Ongoing Fees

Initial Franchise Fee

$38,000

Ongoing Royalty Fee

4-7%

Financing Options

Veteran Incentives


15% off franchise fee

Franchise 500® Rank History

Highest Rank: 155

Lowest Rank: 411

Units (Locations)

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

Operations & Franchisor Support

Training Onsite: 1 week

Training at headquarters: 1 week

Additional Training: At existing locations

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media

Number of employees required to run: 5 - 7

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: May 18th, 2016

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