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Home > Franchises > Great Harvest Franchising Inc.
Great Harvest Franchising Inc.
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
Great Harvest Franchising Inc. is a Bread bakery. Great Harvest Franchising Inc. was founded by Pete Wakeman. The first franchise opened in Kalispell, Montana. In 1983, the Wakemans converted their Great Falls bakery into a franchise and moved company headquarters to Dillon, Montana, so they could concentrate on the franchising end of their business. Franchisor is a privately held company with 28 employees and 4 employees in franchise department.
Great Harvest costs and fees include total investment is 107000 to 352000 dollars, franchise fee is 3000 to 30000 dollars, ongoing royalty fee is 4 to 7 percent, term of agreement is 10 years, renewable. They provide good service and rank 262 in 2006, 222 in 2005, 234 in 2004, 262 in 2003, and 165 in 2002 in Franchise 500. They ranked 92 in 2002, 169 in 2005, and 158 in 2004 according to the Entrepreneur magazine 2002 to 2006.
Great Harvest is looking for franchisees who share their commitment to opening strong and exciting bakeries. They are looking for people that embrace their freedom franchise concept and will be active participants in their Learning Community. Strong candidates should be able to meet their financial requirements, have a track record of success, and a history of community involvement.
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