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Great Harvest Bread
Great Harvest Franchising (dba Great Harvest Bread Company) helps entrepreneurs not only bake bread but earn it. The company franchises its name and baking techniques to 200-plus bakeries in nearly 40 US states. In exchange for sending 7% of their sales to Great Harvest, owners receive bread recipes, baking techniques, and advice about accounting and store design. The company acquired Montana Mills from doughnut-maker Krispy Kreme in 2005. The six-store bakery chain in upstate New York was converted to Great Harvest locations in early 2006. Founded by Pete and Laura Wakeman in 1976, Great Harvest was sold in 2001 to a group of North Carolina investors, including Mike Ferretti, who became CEO.
Facts & figures
You'll need $70,000 in liquid capital to open a Great Harvest Bread. $350,000 is the minimum net worth required to open a location. The low end of the total investment required to open a new franchise is $108,000. The high end of the total investment required to open a franchise is $476,000. New franchisees can expect to pay a $35,000 franchise fee for the rights to open their own location. In total, there are 208 units of this franchise open today.
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