Curious to know how much a Panera Bread franchise owner makes? Well, you are at the right place.
Here, we will discuss all facts related to the Panera Bread franchise, its profitability, and whether buying this franchise is worth it. So, let’s get started.
What Is A Panera Bread?
Panera Bread is a bakery-café fast-casual restaurant that made a place at the top sixth largest restaurant chain in America.
In 1981, it was started as a “Cookie Shop” in Boston and was founded by Ron Shaich.
Then he merged the company with a French bakery called Au Bon Pain. And in the mid-1990s, he again acquired another company St. Louis Bread and renamed it Panera Bread with the aim of serving processed fast food.
In Spanish, the word ‘Panera’ means a bread box, although they don’t sell a bread box; Panera Bread is rather well-known for its soups served in bread bowls, salads, sandwiches, and paninis.
In 1990, when Shaich renamed it “Panera Bread’ it also started offering franchises. Now, it has more than 2300 franchises in North America. However, buying a Panera Bread franchise is not an easy task.
There are some eligibility criteria you must follow. First, they require you to have prior experience in running multi-unit stores and restaurants, and the second condition is that they only prefer applicants who have run multiple units around 15 bakery-café within six years.
They don’t sell a single franchise unit. Moreover, they also provide some kind of support to franchisees, like training programs, marketing support, and ongoing support, which help you to run the business.
How Much Does A Panera Bread Franchise Owner Make?
As per records, Panera Bread generates more than $5.795 billion USD through its sales annually.
An individual Panera Bread franchise owner can easily make $2.47 million annually, as per Forbes reports.
However, when the pandemic arrived, the revenue was hit very badly, and still, they recovered it.
As of 2019, Panera Bread’s revenue was $5.890 billion, which is little more than the current data. But still, they are doing good as compared to other bakery-café franchises.
To conclude, Panera Bread can make a decent amount of profit, and this franchise has the possibility to make you rich.
What Is Panera Bread Known For?
Panera Bread is always a great idea when you want to eat healthy as well as fresh food.
One of the best things about Panera Bread is they always use fresh and best quality ingredients, and they never ever compromise with the quality of food; however, they also charge high.
But these high charges are worth it because they give you the best quality food with delicious taste.
These are the following items for which Panera Bread is known:
- Broccoli Cheddar Soup.
- Chicken Sandwich.
- Creamy Tomato Soup.
- Chicken Noodle Soup.
- Baked Egg Souffle.
- Mexican Street Corn Chowder.
- Asian Sesame Chicken Salad.
- Green Goddess Cobb Salad with Chicken.
Pro & Cons Of Panera Bread Franchise
Pros Of Panera Bread Franchise
- Loyalty program for customers
- High Profitable
- New design
- Never sacrifice the quality of food
- Expanding menu
Cons Of Panera Bread Franchise
- Limited Rewards Program
- High-cost franchise
- Can’t buy a single-unit franchise
- Past lawsuits and discrimination
- Overpriced food
Is Panera Bread Franchise Profitable?
Yes, as per data Panera Bread is one of the highest-earning franchises. However, in the past year, it went down because of the pandemic, but now they have started recovering it.
Now, sales have taken a hit, and they have generated approximately $5.350 billion in revenue.
This revenue is less as compared to 2019 data, but as a franchise owner, it is a decent amount of profit that you can make from any franchise business.
A single franchise store can make more than $2.47 million annually easily. Moreover, this is average profit, so there is a possibility that Panera Bread franchise owners can make more than this.
As we discussed above, Panera Bread offers a bakery café franchise opportunity to an entrepreneur who has experience in managing multi-unit restaurants.
Subsequently, the franchise policy is not flexible or not rigid. Panera Bread always prefers that candidate who has the experience and is willing to manage multi-units.
They have one big condition they never sell their single-unit franchise, so if you want to buy a Panera Bread Franchise, then you must develop several units, typically 15 bakery-café.
However, it has the potential to earn high profits. As compared to any other restaurant franchise, Panera Bread’s revenue is much better but also requires high-cost investment. Doing a business is not an easy task, but if any franchise and business is giving you a good return, then you have to put your 100% in the term of investment and face some struggles.
Read: Bakers Bliss Franchise
Frequently Asked Questions
What is the annual revenue of the Panera Bread Franchise?
An individual Panera Bread franchise owner makes approximately $2.47 million annually.
How much does it cost to buy a Panera Bread franchise?
An initial investment required to open a Panera Bread Franchise is $ 1,117,000 to $3,464,000.
How many Panera Bread franchises are there?
Panera Bread has more than 2300 outlets around the world.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.