Paris Baguette No. 17 on Entrepreneur’s 2023 Top Franchises for Multi-Unit Owners
MOONACHIE, N.J. (PRWEB) July 20, 2023 -- Paris Baguette, the global bakery café franchise with over 4,000 units around the world, has secured a spot on Entrepreneur’s inaugural Top Franchises for Multi-Unit Owners ranking. Each year, Entrepreneur publishes its Franchise 500®, a highly-competitive ranking and sought-after honor in the franchise industry. Paris Baguette ranked 118th in the 2023 Franchise 500®. With the Franchise 500® comes a host of other rankings that provide additional context for franchisees seeking a more specialized experience. Paris Baguette also secured number 37 on the Top Global Franchises ranking.
Entrepreneur evaluates franchises based on five key pillars: costs and fees, size and growth, financial strength and stability, brand strength and support. In the multi-unit ranking, it also considered the following factors: Does the franchisor offer a discount to franchisees purchasing multiple units? What percentage of the system’s franchisees own multiple units? What percentage of the brand’s total units are owned by multi-unit franchisees? What is the average number of units owned by each franchisee? And, lastly, does the franchisor only sell multi-unit deals or master licenses?
As a highly-successful global brand, Paris Baguette is consistently signing multi-unit development agreements with qualified franchisees. Though there is still plenty of room for growth, markets are filling up quickly and prospective owners are driven to secure their territories.
“The growth that we are seeing with Paris Baguette right now is truly phenomenal,” said Mark Mele, chief development officer. “The franchise development pipeline is full, and many of our prospective owners are interested in signing for multiple units. They see the potential of the brand, and the remarkable support Paris Baguette franchisees receive makes them confident that they will have the resources and knowledge necessary to scale healthily.”
As a part of its continued growth efforts, Paris Baguette is leveraging multi-unit and area developer franchise agreements to fill out and plant flags in markets nationwide and in Canada.
To view Paris Baguette in the full ranking, visit https://www.entrepreneur.com/franchises/directory/top-multiunit-ranking.
ABOUT PARIS BAGUETTE:
Paris Baguette is a bakery café franchise with more than 4,000 units across the globe. The global brand first franchised in the U.S. in 2015 and has since established nearly 150 locations in markets across the country, making it one of the premier franchise opportunities in its category. Paris Baguette’s primary mission, executed every day by its expert staff of bakers, cakers and baristas, is to share moments of joy with guests and help guests share moments of joy with their friends and family by providing world-class cakes, pastries, coffees, breads and other French-inspired bakery café fare. To find out more information on costs to buy this franchise, please visit https://ownaparisbaguette.com/.
Julie Maw, Mainland, http://www.hellomainland.com, 3125262996, [email protected]
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