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Michel's Baguette (Canada)
European bakery/cafe, featuring authentic European breads, rolls, and pastries. In addition, we offer gourmet soups, salads, sandwiches, and hot entrees. We also serve a variety of beverages including espresso, gourmet coffee, teas and fruit juices. In addition to our full store, we have a "grab 'n' go" version as well.
Franchisor Background
Year Established: 1980Franchising Since: 1994
Operating Units: Franchised Units: 9 69.2% Company-Owned Units: 4 30.8% ______ _____ Total Operating Units: 13 100% Geographic Distribution: U.S.: 0 0% In 0 States Canada: 13 100% In 3 Canadian Provinces International: 0 0% In 0 Foreign Countries ______ _____ Total: 13 100% North America: States/Provinces with the largest number of operating units: Density Units 1. Ontario 13 2. Alberta 3 3. British Columbia 1
Registered in Following Registration States: Alberta Financial Requirements
Investment: Minimum Net Worth: $500K Cash Investment: $300K+ Total Investment: $350K-650K Average Total Investment: $500K Fees: Initial Franchise Fee: $40K Average Franchise Fee: $40K On-Going Royalty: 6% Average Royalty: 6% Advertising Fee: 0.5%
Average Number of Employees: 10 Full-time, 8-12 Part-timeSpace Needs (in square footage): 4,000Preferred Sites: Storefront, Strip Center, Regional MallOther Sites: Encourage Conversions? YesEarnings Claims Provided? NoListed in the SBA Registry? NoSupport and Training
International Franchise Association: No Canadian Franchise Association: No Franchisee Association/Member: No Size of Corporate Staff: 35 Site Selection Assistance? Yes Lease Negotiation Assistance? Yes Financial Assistance? No Marketing Support: Co-Op Advertising: No National Advertising: No Regional Advertising: No Local Advertising: No Marketing Materials: None Specified Additional Services: None Specified Other Marketing Support: None Specified On-Going Support: Central Data Processing: Included in Fees Central Purchasing: Included in Fees Field Operation Evaluation: Included in Fees Field Training: Included in Fees Initial Store Opening: Included in Fees Inventory Control: Included in Fees Franchisee Newsletter: Included in Fees Regional or National Meetings: At Additional Cost 800 Telephone Hotline: Not Applicable Training: 1. Toronto, ON or Dallas, TX 3 Months
Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important): Financial Net Worth: 5 General Business Experience: 4 Specific Industry Experience: 3 Formal Education: 3 Psychological Profile: 4 Personal Interview(s): 5
Minority Representation
Units Owned by Minorities: African-American: N/A Asian-American: N/A Hispanic: N/A Native American: N/A Other: N/A Specific Minority: N/A
Terms of Contract
Term of Initial Contract: 10 Year(s) Term of Renewal Period: 10 Year(s) Passive Ownership: Not Allowed Area Development Agreements? Yes, for 1 Year(s) Sub-Franchising Contracts? Yes Franchisees Allowed to Expand Within Territory? Yes
Expansion Plans
Projected New Units Over Next 12 months: 10
U.S.: No Canada: Yes, All Canada Overseas: Yes, Middle East, Europe, South America
