Pret a Manger Franchise Startup Cost, Profit & Opportunities
Founded in 1983, Pret a Manger is a well-known British sandwich restaurant with an international spread. Since its operations in 1983, Pret a Manger has spread to eleven countries outside the United Kingdom.
These countries include the United States, Hong Kong, China, France, Germany, Ireland, Switzerland, Denmark, India, the United Arab Emirates, and Singapore.
With future expansion plans, Pret a Manger seeks to register its presence in more locations. If you’re in any of the countries mentioned, you might want to take advantage of its franchise program.
This seeks to attract qualified franchise candidates to join Pret a Manger. This article is dedicated to discussing this franchise opportunity to unveil all there is to know about the franchise.
Pret a Manger Menu Items
As part of exploratory efforts to know what this franchise opportunity is about, it’s only proper to include the menu in our discussion.
Pret a Manger has a diverse menu that caters to varying customer needs. Its menu is made up of freshly-baked goods in addition to 100% organic coffee arabica.
Menu items fall under three categories; sandwiches, wraps, and baguettes.
Under its sandwiches category are cheddar & tomato sandwiches, chicken & bacon sandwiches, almond butter, banana & blueberry sandwiches, smoked salmon & cream cheese sandwiches, Pret’s tuna & cucumber sandwiches, and rainbow veggie sandwiches.
Baguette types include pesto caprese, Pret’s Italian baguette, Pret’s chicken Bahn mi, Romesco chicken & mozzarella, and Pret’s famous ham and cheese.
Wraps include the green goodness chicken, falafel and hummus, bang bang chicken, crunchy chipotle chicken and avo, and the mozzarella and red peppers with romesco.
Cost of Joining Pret a Manger Franchise
All franchise candidates seeking to join Pret a Manger franchise must fulfill their financial requirements.
Specifically, you must have a net worth of over £7 million and access to liquid assets of £3.5 million. Franchise cost details include a franchise fee of £50,000 which is non-refundable.
Royalties and marketing funds of about 6% and 1% of gross sales are also part of the cost implications of joining Pret a Manger’s franchise program.
A full breakdown of the costs involved is provided in the franchise disclosure document (FDD). The FDD also holds every other information or detail you need to know about Pret a Manger.
i. Are there Financing Provisions?
In discussing Pret a Manger’s franchise opportunity and the costs involved, it’s pretty apparent that substantial investment is needed to join its franchise program.
So, are there provisions for financing? If there are, how easy is it to get those?
Without a doubt, financing is available for interested and qualified franchisees. In other words, you must be qualified to access such.
Franchise financing companies, SBA loans, and bank loans are some of these financing provisions. Some franchises may have in-house financing arrangements offered to qualified franchisees.
The franchisor may also maintain relationships with third-party financing sources to provide the needed assistance to interested candidates.
In the case of Pret a Manger, no in-house financing provisions are available. However, the company maintains relations with third-party financing sources to assist new franchisees in attaining their goals.
If you have any other questions about this subject, consider asking when speaking with the franchisor.
Pret a Manger Franchisee Support
Joining Pret a Manger’s franchise program comes with complete and comprehensive support in critical areas of operation.
The training support you get provides you with hands-on knowledge on running your franchise outlet(s). From the time of application, Pret a Manger offers pre-opening support.
This continues long after you’ve joined the program.
Ongoing support is critical to new and existing franchisees. With that said, what’s the nature of Pret a Manger’s support?
These include supply chain, training marketing, full franchisor business model access, and brand recognition. If you have any other questions on support, consider asking a franchise representative at Pret a Manger.
Franchise Term and Renewal
How long do franchise agreements last at Pret a Manger franchise? This is a crucial question as it gives you an idea of the commitment required while helping you understand your financial obligations.
At Pret a Manger, the franchise term is 20 years. This is renewable for another 20 years, having met set requirements.
What exactly are these requirements that allow for franchise renewal? There are several! Pret a Manger assesses performance standards as well as capital investments.
Other things that may be considered include adherence to standards & procedures and being in good standing. All of these play crucial roles in guaranteeing franchise term renewal.
Does Pret a Manger Offer Protected Territory?
One of the things you might be interested in as a prospective franchisee is whether Pret a Manger offers exclusive territories.
Thankfully it does! Prete a Manger allows franchisees to operate within exclusive territories, reducing competition and increasing sales.
Customer loyalty is another advantage of having a protected territory to operate in.
Joining Pret a Manger Franchise
Are you interested in the Pret a Manger franchise offering? If you are, all you have to do is take action.
Now, joining this franchise requires knowing about the offering and what opportunities are in store for new partners. Pret a Manger provides a franchise guide to follow.
This holds detailed information about the opportunity.
If convinced, you can proceed to fill out its online application form. This form captures your details and food and beverage industry experience.
There’s also the ‘market of interest for franchising Pret’ section of the form and the financial statement. All of these sections have to be filled with the correct information.
Having carefully filled this form, email Pret a Manger’s email. The franchisor takes things up from there as a franchise representative contacts you for further discussions.
An interview is scheduled where you get to answer and ask questions about the franchise. In the end, a decision has to be reached about your suitability.
Joining Pret a Manger’s franchise program requires following all necessary steps outlined by the company. Here, we’ve provided a guide on how to proceed.
You’ll do well to contact the franchisor for details on how to proceed. That way, you get all the help required to become its newest franchisor.