If you are a true bagel lover, then you know no two types of bagels taste alike. There are always some fine nuances to the taste. Well the same can be said for bagel franchises. Each one has its distinct advantages and disadvantages. The financial investment for each franchise is of course one of the most important factors.
Here are bagel franchise cost based on the most popular bagel franchise:
Manhattan Bagel is an inherently New York bagel franchise, whether the shop is in New York City or Boise, Idaho. They are known for the varied flavor sensations and their robust breakfast and lunch menu.
They are looking for prospective franchisees who are interested in both single and multi-unit ownership. They offer all their franchisees training at Bagel University which is a fully equipped training store and classroom facility as well as onsite training at your store. Available territories include the Greater Philadelphia area, New Jersey, New York and Delaware.
The minimal initial investment required to get started with a Manhattan Bagel shop is $200,000.
Einstein Bros. Bagels
Einstein Bros Bagels is known for some much more than just their bagels. They have developed a full menu including soups, salads, hearty sandwiches and sweet desserts. If you like the challenge of an expanded menu then Einstein Bros. might be the right fit for you.
Einstein Bros. Bagels can be found in 27 states nationwide and they are constantly expanding. The initial franchise fee is $35,000 for a single restaurant. The startup costs range from $536,300 to $828,850. They offer their franchisees a detailed control and inventory method and an easy to run operation. Minimal space is needed for these shops.
Shmagel’s Bagels, which currently has two locations in Ocean City, MD. They are known for their fun bagel creations baked daily.
They have plenty of franchising opportunities and will work closely with you to make sure your locations are a success. The initial investment expected of you is on the lower side of their competition, but they still provide you with all the right ingredients to help you get started.
When you join the Shmagel’s Bagels family, you can expect an established, highly popular brand that will draw in the customers as well a proven business model that includes recipes for all their special Shmagel creations, including Bagelninis which are bagels flipped inside-out and pressed
And because your initial investment is more affordable, then you might be able to own multiple locations. If you think you want to eventually be in control of your own territory, then this is definite advantage.
The menu offers enough variety to please all your customers, but is still manageable for you and your staff. It generally includes a variety of fun and delicious bagel flavors including Apple Cinnamon, Asiago, Blueberry Chocolate Chip, Cinnamon Raisin, Egg, Everything, French Toast, Garlic, Jalapeño, Marble Onion, Poppy, Plain, Pumpernickel Rainbow, Rye, Sesame, Spinach Sun-Dried Tomato, Very Berry Wheat Bran w/ Outs and Whole Wheat. You will also be able to offer catering opportunities for parties, corporate functions, festivals and other types of events
Shmagel’s Bakery has been growing in leaps and bounds. Every year, more and more Americans are choosing bagels as not only their top breakfast food, but their favorite food all day long. Now is the perfect time to come join their family. With their reasonable fees and strong support structure, it is winning program.
Now while bagel franchises tend to be more affordable than other types of franchises, bagel franchising opportunities are still a major investment. Here are some tips for saving up for your bagel franchise:
- Set aside a certain amount from each paycheck. Make sticking to a budget easier for yourself, by having a certain amount of money from each paycheck put right into your savings account. We all know how easy it is to let coffees and lunches and dinners out fritter away our money before we have a chance to save anything. This way there are no excuses.
- Check your accounts daily. With credit/debit cards, it can be hard to keep track of how much you are actually spending. If you are swiping that card several times a day, it is having a big impact on your bottom line. By checking it daily, you can see if you are going over budget as well as make sure there aren’t any unexpected charges on there.
- Use cash as much as possible. While having a credit history is important, using cash for most of your daily purchases can go a long way to helping you save more money for your franchise. Each week, calculate how much spending money you have and take the cash out of the bank. You will not only save on ATM fees, you will not overspend because once the cash is gone you know you can’t spend anymore. Use envelopes to separate out food shopping money from gas money from I really need that cappuccino money.
- Get your coupon on. Being a spaver can really help in your saving efforts. If the thought of tightening your budget strings has you worried, you can get a lot more bang for your buck by using coupons and looking for great deals on things you really need and even for the things you want. Check out coupon websites as well as the websites of your favorite stores to see what deals are available.
- Review your financial portfolio. If you have a decent financial portfolio already, take a close look at all your current investments and see if there are any ways to make more money. If you don’t already have a financial advisor guiding you, make sure you find one. Maximizing your assets is paramount.
For more information about Shmagel’s Bagels and their franchise program, give them a call or visit their website. Whichever bagel franchise you go with make sure you weigh all the pros and cons including bagel franchise cost carefully and make the best decision for you. Good Luck!