Panera Bread

Franchise Information

Analyzed filing: MN · File #566337248

Filed: Jun 8, 2026

FDD Issued: Apr 23, 2026

Extracted: Aug 24, 2026

Needs review family consensus fee low tie:family=mn:36220-202604|values=25000,350000|current=25000 family consensus fee high tie:family=mn:36220-202604|values=350000,50000|current=50000 family consensus investment low tie:family=mn:36220-202604|values=1223702,498306|current=498306 family consensus investment high tie:family=mn:36220-202604|values=4569880,4619880|current=4569880 family consensus auv tie:family=mn:36220-202604|values=2611155,2708833|current=2611155

Franchisor Details

Name: Panera, LLC

Parent: Panera Brands, Inc.

Address: 1400 South Highway Drive, Suite 100, Fenton, Missouri 63026

Phone: (314) 984-1000

Website: www.panerabread.com

Franchising Since: 1993

Industry & Qualifications

Industry

Food & Beverage

Franchise Fee

$25,000 - $50,000

Royalty

5.0%

Ad Fund: 4.0%

Total Investment

$498K - $4.57M

Outlet Information

Total Outlets (2025)

2,214

Franchised

1,106

Company-Owned

1,108

Opened (Last Year)

+69

Closed (Last Year)

-32

Churn Breakdown (Last Year)

Terminations

Non-Renewals

Ceased Ops

Transfers

Reacquired

Item 19 (Financial Performance)

Disclosed

AUV is combined company-owned and franchisee-owned Average Net Sales for 52-week...

Financial Performance (Item 19)

Avg Unit Volume (through Dec 2025)

$2,611,155

Highest

$5,876,372

Lowest

$463,536

% Achieving Avg

45.0%

Sample Size

2,160 units

Unit Economics

EBITDA

19.3%

Gross Margin

68.5%

COGS

26.7%

Legal History

Litigation: Yes

Concluded matters disclosed: 2019 settlement with 14 states over employee non-solicitation provision...

Bankruptcy: None

View filing:

Number	File name	Source State	Filing Date	Actions
125296711	MN_36220-202604-07_panera,-llc.pdf Alternate source copy · newest filing	MN	Jun 8, 2026	Restricted
566337248	MN_36220-202604-09_panera,-llc.pdf Canonical 2026 analysis · needs review	MN	Jun 8, 2026	Restricted
641231	WI_641231_641231_panera,-llc.pdf Alternate source copy	WI	Apr 24, 2026	Restricted
2114246631	MN_33895-202504-08_panera,-llc.pdf Canonical 2025 analysis	MN	Jun 11, 2025	Restricted
618093414	MN_33895-202504-07_panera,-llc.pdf Alternate source copy	MN	Jun 11, 2025	Restricted
2137241978	MN_33895-202504-13_panera,-llc.pdf Alternate source copy	MN	Jun 11, 2025	Restricted
638866	WI_638866_panera,-llc.pdf Alternate source copy	WI	Apr 30, 2025	Restricted
228137	442404_Franchise__Panera_Bread_Bakery_Cafe_EFDI_Virginia_228137.pdf Alternate source copy	VA	Apr 29, 2025	Restricted
221734	442404_Franchise__Panera_Bread_Bakery_Cafe_EFDI_North Dakota_221734.pdf Alternate source copy	ND	Apr 29, 2025	Restricted
233749	442404_Franchise__Panera_Bread_Bakery_Cafe_EFDI_South Dakota_233749.pdf Alternate source copy	SD	Apr 29, 2025	Restricted
638866	638866_panera--llc.pdf Alternate source copy	WI	Apr 29, 2025 FDD issue date	Restricted
659777923	MN_31477-202404-08_panera-inc.pdf Alternate source copy	MN	Sep 25, 2024	Restricted
164198	442404_Franchise__Panera_Bread_Bakery_Cafe_EFDI_North Dakota_164198.pdf Canonical 2024 analysis · needs review	ND	Apr 24, 2024	Restricted
149479	442404_Franchise__Panera_Bread_Bakery_Cafe_EFDI_Virginia_149479.pdf Alternate source copy	VA	Apr 24, 2024	Restricted
173128	442404_Franchise__Panera_Bread_Bakery_Cafe_EFDI_Maryland_173128.pdf Alternate source copy	MD	Apr 24, 2024	Restricted
636413	636413_panera--llc.pdf Alternate source copy	WI	Apr 24, 2024 FDD issue date	Restricted
68899	509664_Franchise__Panera_Bread_Bakery_Cafe_EFDI_Virginia_68899.pdf Alternate source copy	VA	Apr 20, 2023 FDD issue date	Restricted
106852	509664_Franchise__Panera_Bread_Bakery_Cafe_EFDI_Virginia_106852.pdf Canonical 2023 analysis	VA	Apr 20, 2023 FDD issue date	Restricted
106753	509664_Franchise__Panera_Bread_Bakery_Cafe_EFDI_Rhode Island_106753.pdf Alternate source copy	RI	Apr 20, 2023 FDD issue date	Restricted
21938	509664_Franchise__Panera_Bread_Bakery_Cafe_EFDI_Virginia_21938.pdf Canonical 2022 analysis	VA	Apr 27, 2022 FDD issue date	Restricted

Showing 1–20 of 20 files.