What do you receive when you make the investment into the Paris Baguette franchise? It starts with an international brand recognition that has been developed by the franchise’s home organization, SPC Group. Paris Baguette has over 3,000 locations around the world right now and this is the moment when there are ground floor opportunities opening up in the United States for this dominant franchise brand. As of this writing, there are only 32 open locations in the US and they’re all along the East Coast.
Do you believe that you have what it takes to be an international master franchisee with this brand? Is your passion in providing friendly service with a smile in the ultra-competitive baked goods market? If you do have what it takes and you love putting a smile on the face of others with tasty treats, then Paris Baguette could be the right investment for you. Let’s take a look.
What Is the Initial Required Investment?
The first thing you’ll notice about the Paris Baguette franchise application isn’t an emphasis on the fees or investment minimums. The focus is instead on the overall business plan that you would have should you be awarded a franchise with this international brand. The focus is on these key areas:
1. Your development plan. How do you plan to develop your new store over the next 5 years? What sites are available to you in your community during the initial two year period of evaluation for starting this franchise?
2. Your financial plan. Where are you going to be able to secure the capital sources you may need to get this business up and running? What do you believe are going to be the key cost components in this new franchise? What are going to be your Pro Forma financial requirements over the long-term, including capital and cash flow?
3.Your management structure. What are the key position you anticipate needing to fill in order to get your new franchise off the ground? Who will need to attend the training sessions that SPC Group will provide to help make your Paris Baguette franchise consistent and successful?
4. Political environments What are the current politics in your community? What is the current business environment? Is taxation an issue that prevents many new businesses from succeeding? Would the unemployment rate affect you now? It it raised? If it lowered?
5. Competition. What location would help you fully compete with other local market bakeries and specialty coffee shops? How many McDonald’s are in your local market? What will your average monthly rental terms be for your location?
Your answers to these questions will determine whether or not your application to become a Paris Baguette franchisee will advance to the next level. As you can see from above, the timing from the application process to the grand opening of the business can be quite extended – up to 5 years for the full development process to take place.
What will the initial investment actually be? That cost is actually variable upon a number of unique factors because the process of becoming a franchisee is unique tailored to each applicant. You’ll need to request a full FDD in order to determine what your actualized costs would be.
What Kind of Support Is Received?
Once you make your initial investment and are accepted as a franchisee with this international brand, the level of service and support that you’ll receive is outstanding. It begins with an extensive training in the operation of your new store with a special emphasis on how to produce quality goods in a timely and cost-effective manner. As you master the product part of this business plan, you’ll then progress to training in the best practices for sales and advertising that have been developed by SPC Group for Paris Baguette.
Once you have completed your training, then it’s time to get your location built out and ready to go. You’ll have direct store construction supervision provided by SPC Group for your new location so you won’t have to worry about the builders doing it wrong, you not realizing it, and then having your location rejected because of the contractor. SPC Group will also provide you with operating manuals for Paris Baguette so that you’ll be able to provide consistent results that mirror the other 3,000 franchisees internationally.
As your store reaches its opening, you’ll also receive direct assistance with this process. If you do a soft opening first and then a full grand opening, you’ll receive assistance at both of these events.
Is This the Right Investment To Make?
If you have the time and ability to become an International Master Franchisee with SPC Group to get your Paris Baguette franchise up and running, then this is an incredible opportunity to invest in today. With a small amount of US locations and people lining up around the block to be able to get the products from within this specialty store, there potential for revenue rewards is pretty high… and it all depends on your ability to form a good business plan.
Spend the time to answer the questions included above and put those answers into a cohesive report so that you can make the best first impression possible. If your business plan does pass the SPC Group’s initial evaluation, then a period of mutual investigation will occur where you’ll be able to research their past as they check out your background. If you reach a point where you’re ready to proceed together into a business arrangement, only then will you be required to pay your initial investment fees and begin the process of site scouting and development.
Because the investment opportunities with SPC Group are tailored and personalized, the chances for success are cautionary, but high and consistent when looked at in the long term. Start the process today if you’re interested so that you can begin the conversations about what a Paris Baguette franchise would look like in your community.