OFFICIAL FILING · MN · 2026
PANERA BREAD BAKERY-CAFÃ FDD (Franchise Disclosure Document) — 2026
The FDD is the 23-item legal disclosure every U.S. franchisor must hand you at least 14 days before you sign or pay anything (FTC Franchise Rule, 16 CFR 436). PANERA BREAD BAKERY-CAFÃ's most recent FDD tracked here was filed in 2026 as a multistate filing — and because registration-state filings are public records, you can read it free, without giving a broker your phone number.
THE SAME DOCUMENT SITES SELL OR GATE BEHIND LEAD FORMS. FILED 2026 · SOURCE STATE MN
| ITEM 5 | Initial franchise fee | $50K |
| ITEM 6 | Ongoing royalty | 5.0% of gross sales |
| ITEM 7 | Total initial investment | $1.3M–$4.6M |
| ITEM 3 | Disclosed litigation matters | 2 |
| ITEM 19 | Earnings disclosure (FPR) | Yes — financial performance representation made |
| ITEM 20 | Outlets (fiscal 2025) | 1,106 franchised at year end · 32 exits (2.9% annualized) |
| ITEM 21 | Franchisor financial statements | clean (unqualified) audit opinion — KPMG LLP (principal auditor of Panera Brands, Inc.; Grant Thornton LLP audited subsidiary Caribou Coffee Company, Inc.) |
Citation discipline: every figure above is extracted from the 2026 PANERA BREAD BAKERY-CAFÃ FDD as filed and links back to that document. Fields the filing did not state are omitted — nothing here is estimated, surveyed, or filled in from marketing material. FDDs are reissued annually; verify against the current issuance before relying on any number.
PANERA BREAD BAKERY-CAFÃ FDD questions, answered
Where can I download the PANERA BREAD BAKERY-CAFÃ FDD for free?
PANERA BREAD BAKERY-CAFÃ's 2026 Franchise Disclosure Document is a public record. It can be downloaded free from the source link on this page — no broker form, no email signup required.
What year is PANERA BREAD BAKERY-CAFÃ's most recent FDD on file?
The most recent PANERA BREAD BAKERY-CAFÃ FDD tracked here was filed in 2026. Franchisors must update their FDD annually, so confirm you are reading the current issuance before signing.
Does PANERA BREAD BAKERY-CAFÃ's FDD disclose earnings (Item 19)?
Yes — PANERA BREAD BAKERY-CAFÃ makes a financial performance representation in Item 19 of its 2026 FDD. Read the basis fine print: franchisors choose which units and metrics to include.
What does PANERA BREAD BAKERY-CAFÃ's FDD Item 20 show?
In fiscal 2025, PANERA BREAD BAKERY-CAFÃ ended with 1,106 franchised outlets; 32 of 1,105 open at the start of the year left the system — an annualized exit rate of 2.9% (terminations, non-renewals, and "ceased operations — other reasons").
A broker is paid by the franchisor to place you. An independent CPA is paid by you — and the job is pressure-testing PANERA BREAD BAKERY-CAFÃ's numbers, including talking you out of a bad deal.
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