Big Apple Bagels is a bagel store selling bagels, cream cheese spreads, muffins, sandwiches, and coffee beverages. The franchise provides breakfast and lunch options in a fast-casual setting.
Key Insights
- Big Apple Bagels developed through years of hands-on experience that revealed specific opportunities for improvement within the industry, resulting in innovative solutions that address common challenges while creating new possibilities for growth and customer satisfaction.
- Operational efficiency streamlines processes and reduces costs while maintaining the quality and attention to detail that builds reputation and customer satisfaction, utilizing technology and proven methods to maximize value while ensuring consistent service delivery.
- Industry trends favor businesses that can adapt quickly to changing regulations, customer preferences, and market conditions while maintaining quality standards, creating competitive advantages for organizations that invest in training, technology, and customer-focused service approaches.
Franchise Fee and Costs to Open
Exploring the financial picture of Big Apple Bagels gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $478,000 - $685,000, along with a franchise fee of $25,000 - $25,000.
Financial Performance and Revenue
Yearly gross sales of $603,894 and estimated earnings of $60,390 - $72,468 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 9.3-11.3 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Big Apple Bagels provides comprehensive training for new franchisees. This initial program offers a foundational understanding of operations, lasting approximately two weeks, and is conducted at their dedicated training facility. Resources are also made available to support ongoing business development. Big Apple Bagels offers a wealth of experience and knowledge to assist new owners.
Legal Considerations
Legal considerations for a Big Apple Bagels franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee might encounter considerations regarding local market saturation with similar breakfast offerings, requiring a strategic approach to differentiation. The operational complexity of managing fresh ingredients, staffing, and maintaining consistent product quality across diverse customer demands presents an area for careful planning. Furthermore, reliance on specific suppliers for key bagel ingredients means navigating potential disruptions within those supply chains.
Franchise Datasheet
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