When we are looking suitable Franchisees to join our network, we consider people who share our values, are passionate, motivated, have a strong work ethic, a desire to work as part of a team and have a hands on approach. It is essential for us to have Franchisees who believe in and respect our brand.
We have a multi stage recruitment process with a dedicated recruitment team to assist you on your journey.
No, whilst we have Franchisees within our network who are qualified Bakers, this is not a requirement to become a Franchisee with us. Our Franchisees have come from all walks of life, from tradespeople or a corporate background, they have made the transition to small business owners.
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.
You will work hand in hand with the Franchisor to uphold the brand initiatives and standards.
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 purchase price of an existing bakery is determined by the seller and varies between each business.
The establishment costs for new bakeries range between $500,000 and $600,000 on average, plus working capital and a 10 year franchise agreement.
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. It is Bakers Delight expectation that a 10 year agreement is in place at time of purchase, therefore you may be required to top this up.
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 and seek advice from an accountant or financial advisor to obtain direction on franchise financing arrangements.
Our royalty fee is 6.5% plus GST of Net Sales and our advertising contribution fee is 2% plus GST of Net Sales, payable weekly.
Options are available to assist potential Franchisees to manage franchise purchase fees. The options are to pay the franchise purchase fee up front or elect to take up an increased royalty fee structure.
To ensure that you are fully equipped to successfully operate your bakery, we require you to undertake 16 weeks of full time training. You will need to show competency in all modules including baking, to become a Bakers Delight Franchisee.
You will be mentored by an experienced Franchisee from our network and have the support of our training and development team to gain the relevant skills to run your business.