When we are looking for franchisees to join our network, we are looking for people who share our values, are passionate, motivated and have a strong work ethic. It is essential for us to have franchisees who believe in and respect our brand.
No, whilst we have franchisees within our network who are qualified Bakers, this is not a requirement to become a franchisee with us. Our comprehensive training program will teach you both the business skills and the practical skills that you will need to operate your bakery.
Our expectation is that our franchisees are owner-operators, working hands on within their business on a full time basis. Our franchisees are the face of their business, building relationships with their customers and their local community.
The cost to purchase an existing bakery is dependent on a number of factors including the length of the lease, the franchise agreement term, past performance, plant and equipment value and associated good will.
An existing bakery may cost up to $1.2million, whilst the establishment costs for new bakeries will sit between $450,000 and $550,000 on average.
We recommend that the purchase consult an accountant or financial advisor to obtain advice on franchise financing arrangements. The purchaser is then required to fund the purchase via sourced finance, cash or equity in assets independently.