Freedom Franchise
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The document summarizes Great Harvest's Freedom Franchise opportunity. It discusses Great Harvest's bakery business model and over 200 locations across the country. The Freedom Franchise provides business ownership with flexibility but also a proven model. The summary describes the application process, which involves evaluations of fit, phone interviews, due diligence including bakery visits and conversations with owners, and a discovery day trip. It promotes Great Harvest's artisan breads and the growing market for wholesome, handcrafted products.
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The winner of the competition was John Smith from Smalltown High School. John scored the highest on the math portion of the exam, showing strong problem solving skills and creativity in finding multiple solutions. As the winner, John will receive a $1000 college scholarship and an invitation to represent his school at the state-level competition later this year.
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Freedom Franchise
- 2. Welcome! Mike Ferretti, CEO Heidi Melendez, Director of Franchise Development
- 3. Getting to Know Great Harvest • 200+ Great Harvest bread stores across the country • Each bakery reflects has a unique personality • Bakery owners are passionate their craft • We're seeking more people with a passion to run a great business!
- 5. What is a Freedom Franchise? • A playbook, not a rule book • Freedom to run your own show • Proven, scalable, profitable business model • Middle ground between a traditional franchise and mom & pop shop
- 6. Why are We Here in Knoxville? Expanding our footprint from Bristol to Atlanta! Knoxville is demographically desirable: 1. College-educated boomers with HH income of $100K+ 2. Individuals in their 30s and 40s looking to form healthy habits 3. Those in their 20s who love the exciting taste of our products
- 7. Our Mission Statement Be loose and have fun Bake phenomenal bread Run fast to help customers Create strong, exciting bakeries And give generously to others
- 8. Real Food
- 9. Handcrafted, Wholesome, Whole Grains • Flavorful & rich in nutrients • Made-from-scratch products • Created with the freshest, most relevant ingredients • Simply phenomenal bread
- 10. Real People
- 11. Our Owners • From former corporate executives to small town schoolteachers. • Free-flowing ideas keep us fresh • Collaboration at its best
- 12. The Great Harvest Staff • True experts • Dedicated • Passionate about this business • Fun and energetic • Generous with guidance and expertise
- 13. Community Involvement • Giving generously to others is a core fundamental • We believe in being a friend to and serving your community • One of the most rewarding aspects of the business
- 14. Real Business
- 15. Proven Business Model • Only successful artisan-bread franchise in the country • Baking made-from-scratch bread featuring freshly milled whole grains since 1976 • More than $100,000,000 in sales nationally • Experiencing positive growth in U.S. markets
- 16. Timing This is a fabulous time to be in the bread business. Arguably the best in history. We have never had a more food educated public than now and they are demanding hand crafted, wholesome products just like what we produce at Great Harvest. According to a recent major food publication “the artisan bread movement has changed the course of baking in this country,” and speaks of bread epiphanies and of an “almost mystical revelation that bread could be this good.” It even speaks of “innovative” bakeries that are installing mills on site for fresher flour.
- 17. The Path to Ownership
- 19. Phone Q&As • Getting to know you • Setting expectations • Reviewing FDD • Discussing plans for financing • Your vision • Answering any questions
- 20. Due Diligence • Vision • Bakery visits
- 22. Due Diligence • Vision • Bakery visits • Conversations with owners based on profiles • Identifying possible locations • Interviewing family and friends • Identifying opportunities to get more involved in the community • Legal considerations
- 23. Discovery Day • Trip to Montana • Opportunity to meet representative from each department – Development – Legal – Bakery Logistics & Training – Bakery Support & Services – Marketing – Social Media – Accounting – Location Hunting
- 24. Q&A You can also reach out to either one of us at any time. Our business cards are provided within your materials.
- 25. Thank You For Your Time!