Panera FDD Summary
Type of Business
The franchise offered is for a Panera Bread Bakery-Cafe which will specialize in the retail sale of fresh bakery goods, sandwiches, soups, salads, custom roasted coffees and other cafe beverages, other menu items and merchandise related to the Panera Bread concept.
Corporate Information
Panera, LLC is a Delaware limited liability company, which was formed on December 31, 2001, when Panera, Inc., a Delaware corporation, was converted to a limited liability company. Panera was originally formed under the name of ABP Acquisition Corp. on November 10, 1993. Subsequently, it changed its name to “Saint Louis Bread Company, Inc.” in December 1993 and then to “Panera, Inc.” in July 1999. Panera is a wholly owned subsidiary of Panera Bread Company, which was formerly known as Au Bon Pain Co., Inc. Their principal place of business is 3630 South Geyer Road, Suite 100, St. Louis, Missouri 63127.
Investment
The total investment necessary to begin operation of a Panera Bread Bakery-Cafe is $1,063,165 to $3,240,539 (excluding real estate and related costs, and landlord allowances), including an initial franchise fee of thirty-five thousand dollars ($35,000) and optional technology services of $21,500 payable to the franchisor.