Franchimp Summary Rating
Higher than 62% of peers
Franchise Summary
Description
You will establish and operate within a defined territory one or more MAGNOLIA BAKERY® retail stores specializing in hand crafted classic American desserts, coffee, tea and related items.
Company Background
Magnolia Bakery is the original, iconic bakery in New York City's West Village. Founded in 1996 by Cynthia and David Chang, Magnolia Bakery continues to provide its signature desserts, pastries and other treats to customers across the United States. The company began with a mission of providing handcrafted American desserts that are free from preservatives or artificial ingredients; still true today! After 20 years in business, it has grown into an internationally recognized brand that specializes in classic American desserts like red velvet cake and banana pudding.
Franchise Opportunity
You want to open your own business, but don't know where to start. Owning your own business can be a very rewarding experience, but it's also a lot of work. There are so many things to think about when starting a business, from the initial planning stages to choosing the right location and hiring the right employees. Magnolia Bakery has been in business for over 20 years and we're here to help you every step of the way. We'll provide you with everything you need to get your bakery up and running, from training on how to make our famous desserts, to marketing support and advice on how to grow your business.
Corporate Structure
Magnolia Bakery International, LLC is a Delaware limited liability company formed on January 25, 2011. Their principal business address is 1841 Broadway, Suite 1111, New York, New York 10023. They have offered franchises since July 2011.
Investment and Franchisee Fees
The total investment necessary to begin operation of a MAGNOLIA BAKERY® retail store is from $739,502 to $935,000 for flagship and standard retail stores and $211,750 to $432,000 for a kiosk. This includes $50,500 to $139,250 for flagship and standard retail stores and $23,200 to $30,400 for a kiosk that must be paid to the franchisor or affiliate. The total investment necessary to sign a Master Franchise and Development Agreement to develop two MAGNOLIA BAKERY® retail stores is $60,000 to $75,000. This includes $60,000 to $75,000 that must be paid to the franchisor.
Employee Contact Database
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Magnolia Bakery Franchise System Development in 2016
FAQ
How much investment do I need to start my own Magnolia Bakery business?
Franchisees typically require at least $469,500 to $469,500 investment to get their Magnolia Bakery business started
What are the initial franchise fees for Magnolia Bakery?
Franchisees typically need to pay at least $30,000 in fees directly to Magnolia Bakery in order to earn the right to launch their business
How much money can I make with a Magnolia Bakery franchise? What are
the average revenues for a typical Magnolia Bakery business?
We haven’t done the math on how much revenue a typical
Magnolia Bakery brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$1,201,697 revenue, so we would expect
Magnolia Bakery to generate a similar amount
How long do I need to commit to running a Magnolia Bakery unit? What
is my contractual commitment?
Magnolia Bakery franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$330,211 to $506,250
which is
Much Higher
than the $0 to $0 average in the Baked Goods industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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