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Great Harvest Bread Company
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 U.S. 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.
2010 AllStar Rank: 84
2009 AllStar Rank: 100
Full Disclosure Award
This company gets a nod for disclosing financial performance representations in Item 19 of its Franchise Disclosure Document (FDD). For an explanation of why this is important, read The Importance of Item 19 in the Franchise Disclosure Document.
AllStar Franchise
Fast Facts
| Year established | 1976 |
| Franchising since | 1978 |
| Can be run from home? | No |
| Number of employees needed | 8 - 14 |
| Item 19 Financial Performance Representation? | Yes |
| Multiple units must be purchased in U.S. | No |
| Multiple units must be purchased outside U.S. | No |
| % of franchisees who own multiple units | 20% |
| Absentee ownership allowed? | No |
Franchise Unit Growth Rate
| Year | U.S. Franchises |
Non-U.S. Franchises |
Company-Owned Locations |
| 2011 | 212 | 0 | 0 |
| 2010 | 211 | 0 | 0 |
| 2009 | 209 | 0 | 0 |
Expanding in These Locations
| Total Investment | $280,000 |
| Franchise Fee | $35,000 |
| Royalty Fee | 3% - 7% |
| Net Worth | $350,000 |
| Liquid Capital | $80,000 |
| Does franchisor offer financing? | No |
| Is franchisor on the SBA's Franchise Registry? | Yes |
| Is franchisor a member of the IFA's VetFran program? | No |
AllStar Franchise
| Company Type: | Private |
| Employees: | 30 |
| Executives: | Nido R. Qubein, ChairmanJ. Michael (Mike) Ferretti, President and CEOMike Basile, CFO |
| Sales: | $4,200,000 |
| Industries: | Natural & Specialty Foods Retail |
| See More Industries | |
| Top Competitors: | Fred Meyer StoresPanera BreadWhole Foods |
AllStar Franchise
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