With 11 freshly signed franchise deals and over 40% year-over-year growth, Entrepreneur Magazine's No. 1 bakery/café brand is poised to meet, if not exceed, its goal of 160 new franchise deals and 64 units opened in 2023.
MONTVALE, N.J., Feb. 15, 2023 /PRNewswire-PRWeb/ -- Paris Baguette, the bakery café concept with 4,000 units worldwide including over 120 in the United States, saw significant growth in 2022 and is showing strong growth early in 2023. After an explosive 2022, with a total of 24 new cafés opened and 125 signed agreements, the brand is continuing its expansion with the opening of a new bakery café at 200 Market Street.
"We are thrilled to announce our new opening within New Jersey. There's a tremendous amount of opportunity in the bakery café space," explained Mark Mele, chief development officer. "No one else is doing what we are on the same scale, and that's attracting a lot of attention. It's a really exciting time for us as we continue seeing growth through franchise expansion and year-over-year revenue numbers."
The Montvale café is corporate owned and will bring the total number of locations within New Jersey to 8.
Moving forward, the brand continues to eye the 1,000 unit mark within the states by 2030, and as it continues to grow, Mele explained that Paris Baguette seeks passionate franchisees interested in serving people in a welcoming neighborhood establishment.
"We want someone who is going to take the time to be present in their store and be caring with the staff so that everyone understands the most important person is the guest," he added.
Though the bakery market as a whole has become a nearly $12 billion segment, Paris Baguette continues to fill the void for high-quality, freshly made foods. Unlike many bakery concepts, which have shifted to soups, salads, and pre-made bakery items, Paris Baguette continues to offer a wide range of products produced in the café daily.
For franchisees looking to enter the bakery café space, the brand provides exceptional support without straying from its roots as a true bakery concept.
Paris Baguette is targeting several markets in 2023 and aims to sign 160 franchise agreements and open 64 units. Mele said target markets for the coming year include Washington, California, Arizona, Colorado, Minnesota, Kansas, Oklahoma, Texas, Missouri, Wisconsin, Illinois, Tennessee, Georgia, Florida, North Carolina, South Carolina, Kentucky, West Virginia, Virginia, Ohio, Indiana, Michigan, Pennsylvania and Maryland. He added that the brand will continue its development in New Jersey and New York and expand in some additional states in New England, including Connecticut and Massachusetts.
"We are on track to enter new markets and open a total of 64 units by the end of 2023," said TJ Rogers, franchise sales manager. "Even throughout the pandemic, we did not shy away from opening additional units and exploring new markets. With great year-over-year revenue increases — a 42% jump from last year — and a persistent interest in the brand from franchisees and consumers alike, we expect nothing but a strong continued growth trajectory for the brand."
The total investment to franchise with Paris Baguette ranges from $528,270 and $1,638,554, including a $50,000 franchise fee. For more information, please visit https://parisbaguette.com/franchising/ or http://www.1851franchise.com/parisbaguette
ABOUT PARIS BAGUETTE
Paris Baguette is a bakery café franchise with more than 4,000 units across the globe. The brand first started franchising in 2015 in the U.S. and has since established 120 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 customers and help customers share moments of joy with their friends and family by providing world-class cakes, pastries, coffees, breads and other French-inspired bakery café fare. For more information, please visit https://parisbaguette.com/franchising/
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SOURCE Paris Baguette
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