Panera Bread, originally the St. Louis Bread Company, has over 2,220 locations in the U.S. Franchise developers must commit to opening 15 cafés over six years. Candidates need previous success in operating multiple restaurants and must be considered top restaurant operators with a net worth of at least $7.5 million, including $3 million in liquid assets. Real estate experience is essential for selecting locations. The initial franchise fee is around $35,000, along with potential recurring royalty fees.
Panera Bread requires developers to commit to opening approximately 15 cafés in six years, reflecting an aggressive schedule demanding substantial financial and operational commitment.
Developers must prove their previous success as restaurant operators, highlighting the importance of experience in managing multi-unit outlets for potential franchisees.
A minimum worth of $7.5 million is necessary, with $3 million accessible as liquid assets, ensuring franchisees have significant financial backing.
Real estate experience is vital for franchise developers, as they need to identify optimal locations and manage leasing according to Panera Bread's requirements.
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