It all began way back in the seventies. Our founders, Pete and Laura Wakeman, were just a couple of college kids who baked amazing scratch-made whole grain bread to help pay their tuition at Cornell University. Newly married in 1975, the adventurous couple hiked the entire north-south length of Montana, falling in love with "Big Sky Country." So much so that they never left, establishing the first Great Harvest bakery in Great Falls, Montana in 1976.
Word spread fast about their uniquely flavorful bread made with pure and simple ingredients and wheat purchased from local farmers. It didn't take long before neighbors asked about starting up their own Great Harvest. In 1978, the Franchise was born and the second Great Harvest bakery opened in Kalispell, Montana.
Great Harvest began to grow from a Montana bakery into the nation's first family of independently-owned and operated whole grain bread bakeries and cafes. Though we’re no longer just a Montana bread company, our corporate headquarters remain in Dillon, Montana and we are true to our Montana roots.
The essence of Montana that charmed the Wakemans still influences the core of our corporate culture. Authenticity, a spirit of camaraderie and individuality remain the foundation of the organization. It turns out those values appeal to people in all 50 states. Today there are almost 200 locations across the United States and in Saipan.
For the last few years, new stores have been opened as bakery cafes or cafes. Great Harvest bakery cafes may operate as standalone units in a market, or as “Hubs” in conjunction with additional cafes operating as “Spokes.” Hubs are full bakery cafes with seating for 35 - 40 people and have all the handmade bread production on-site.
Spokes operate as cafes; they have fresh bread supplied by the Hub daily and should be located within 40 minutes of a Hub. Their menu is the same as their Hub; they bake items on-site like cookies, biscuits, scones, etc., to maintain the aroma of a bakery.
DON’T JUST OWN A STORE, OWN A TERRITORY.
Great Harvest makes it easy to own your territory. Although we have four decades of franchising under our belt and nearly 200 stores across the country, we have only recently begun awarding franchise contracts to multi-unit owners. That’s great news for you because we still have many territories available! You get more value when you invest with Great Harvest, and you can take your pick of desirable territories.
Stake your claim on our significant open territory. We can create custom territory maps for your area of interest; give us a call or make your request here.
You can own three Great Harvest bakery cafes $65,000 in franchise fees. Fees are discounted for additional stores. Get additional investment detail here.
|Territory Size||1st Store||2nd Store*||3rd Store*||Total|
*Terms and conditions apply.
OUR NUMBERS SPEAK FOR THEMSELVES
Explore the numbers associated with opening Great Harvest Hubs & Spokes:
|Single Site Bakery Cafe||Bakery Cafe Hub||Cafe Spoke||New Hub & Spoke||Combined|
|Avg. Unit Volume||$776,808*||$1,013,320***||$569,823***||$1,583,043****|
|Avg. Margin of EBITDA||15.09%**||NA||NA||16.52%****|
|Sq. Ft. Build Targeted||2400||2500||1700||NA|
|Target Cost to Build||$394,193*****||$394,193*****||NA||NA|
View footnotes for disclaimers
Footnotes for financial chart above:
* Based upon 2018 sales for 22 single site bakery cafe locations as disclosed in item 19, Chart 1, of our 2/28/2019 FDD. Of these 22, 6, or 27%, exceeded the average unit volume.
** Based upon 18 single site cafe locations that provided their 2017 income statements, as disclosed in item 19, Chart 5, of our 2/28/19 FDD. Of these 18, 10, or 56%, exceeded the average EBITDA Margin.
*** Bakery Cafe Hub and Cafe Spoke 2018 sales based on 3 locations each as disclosed in item 19, Chart 2 of our 2/28/19 FDD. Of this total of 3 hubs, 2, or 67%, exceeded the average unit volume of $1,013,320. Of this total of 3 spokes, 1, or 33%, exceeded the average unit volume of $569,823.
****Based upon 3 pairs, comprising 6 individual locations, of a hub and spoke combination as disclosed in Item 19, Charts 1 and 5, of our 2/28/19 FDD for 2018 sales and 2017 income statements. Of these 3 pairs, 1 set, or 33%, exceeded the average unit volume of $1,583,043 in 2018, and 1, or 33%, exceeded the average EBITDA margin of 16.52% in 2017.
There is no assurance that you will do as well and you must accept that risk. This offering is made by prospectus only.
*****Based upon Item 7 of our 2/28/19 FDD
This information is not intended as an offer to sell, or the solicitation of an offer to buy a franchise. It is for informational purposes only.
Currently, the following states regulate the offer and sale of franchises:
California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
If you are a resident of, or wish to acquire a franchise to be operated in one of these states, we will offer you a franchise only after we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. We are accepting applications from all states.