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.
Yes, over 40% of our network are multi-site operators. To become a multi-site operator you need to first build your confidence as a single site operator and then complete our multi-site operator program.
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.
The establishment costs for new bakeries will sit between $450,000 and $550,000 on average plus working capital.
As an established franchise system we are accredited with a number of banks across Australia. As a general rule, a bank may lend up to 60% of the value of the purchase price; the purchaser is then required to fund the balance through cash or equity in assets.
We recommend that you consult an accountant or financial advisor to obtain advice on franchise financing arrangements.
Our Franchise Purchase Fee is $50,000 plus GST to secure a Franchise Agreement term of 10 years.
If you are purchasing an existing bakery, you will purchase the remaining term of the existing franchise agreement for the bakery and top up the difference at a cost equal to $5,000 plus GST per year to secure a 10-year term.