He subsequently earned a Master of Business Administration and a Master of Information Systems from the University of Nebraska at Omaha. Definition: The length of time your franchise agreement will last. However, their liquid capital requirement is only $100,000 compared to Dunkin's $250,000 minimum. A Scooters Coffee franchise owner salary may rise up to around $320,000 a year, before depreciation, interest, taxes, and any debt service. The term Rental Expense includes the total amount of payments to the franchisees landlord, including base rent, common area maintenance, real estate taxes, and insurance. Earnings Before Depreciation, Interest, Taxes, and Debt Service: $138,202 (21.3%), Earnings Before Depreciation, Interest, Taxes, and Debt Service, Earnings Before Depreciation, Interest, Taxes, and Debt Service: $112,737 (15.9%), Your email address will not be published. This statement includes average Gross Sales of Participating Stores (both Participating Kiosk Stores and Participating Coffeehouse Stores) for each of calendar years 2014 to 2021. Find Out Which Brands Have Ranked on the Franchise 500 for Longest, Earning a Spot In our New 'Hall of Fame'. This information is based upon 217 locations that were open during the entire 2021 calendar year and provided complete information. Franchise Training at Scooter's Coffee 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. Reminder: Your username and password are case-sensitive. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Its signature drink is the Caramelicious, and the menu features an array of specialty espresso beverages, single-origin coffee, fruit smoothies, Red Bull Infusions, Cold Brew, baked-from-scratch pastries, and savory breakfast options. The first franchised store opened in Council Bluffs, Iowa. The term Overhead is the estimated costs of other expenses including business insurance, licenses, accounting fees, franchisor technology fees, banking fees, store supplies, service contracts, repairs, maintenance, uniforms, and other miscellaneous costs. PJ's Coffee is definitely a franchise to consider for premium cold coffee drinks and delicious coffee. 103 on Entrepreneurs 2021 Franchise 500 list. Cash Available for Investment0-$99,999$100,000 - $199,999$200,000 - $299,999$300,000+. Here are 7 affordable coffee franchises that made the list in Entrepreneur's Franchise 500 for 2022: Dunkin'. This is an average of both the Kiosk Store and the Coffeehouse Store. Fill out this form and a specialist from the Franchise Brokers Association will reach out to you. In addition, utilizing digital menu boards at this location allows us ample flexibility. The initial investment for a Scooter's Coffee franchise is $120,000. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Smith will lead the franchise sales, real estate, and construction functions. Franchise Chatter is reader-supported. There were 189 Kiosk and 77 Coffeehouse franchised Stores open and operating as of December 31, 2020. 8. The initial franchise fee is $25,000 . At C2 Education, a national chain of 200 specialized tutoring centers in 14 states, Smiths department led all aspects of store development, including strategic planning, site selection, legal, lease management, construction, and facilities. The financial performance figures do not reflect all of the costs of sales, operating expenses, or other costs or expenses that must be deducted from net revenue or net sales figures to obtain your net income or profit. Initial Franchise Fee: $40,000 Total Investment: $794,500 to $1,264,500 Working Capital: N/A to $86,000 Royalty Fee: 6.0% The initial purchase price of any franchise includes several fees. The owner becomes an important part of the community and feels the satisfaction of serving great coffee and other items. Liabilities include items like mortgages, car payments, and credit card debt. Smith earned a Bachelor of Arts degree in Political Science and Business from SMU in Dallas, Texas. Catch up on the latest franchise news, trends, and more. Subscribe, save & smile. Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 66/47%, Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 32/43%. The information presented in this Part 2 is based on information for Participating Stores. Scooters Coffee was founded as Scooters Java Express in 1998 by Don and Linda Eckles in Bellevue, Nebraska. Initiatives included digitizing supply chain processes, automating business practices, designing/building the first global sustainability data collection/reporting solution, and leading the implementation of its Automated Order Taking initiative. This Item 19 also does not include any financial performance information for any of Scooters Coffees affiliate-owned Stores. This ever-growing brand has more than 275 locations across 17 states, including coffeehouses and drive-thru kiosks. Scooter's Coffee may offer a starting point and a brand built on outstanding performance. The term Rental Expense includes the total amount of payments to the franchisees landlord, including base rent, common area maintenance, real estate taxes, and insurance. Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations. 10. In working across the retail spectrum, he brought a business focus to IT, making it a value-driver that resulted in significant growth for organizations. That confidence in the Scooters Coffee brand has informed much of the franchises future plans for growth. Come Apply At iHeartCoffee, A Scooter's Coffee Franchise! The Eckles were inspired to start their own little drive-thru coffee shop after coming across a similar concept in California. 12. It is clear that the 550-square-foot drive-thru kiosk model has proven itself effective and viable. Initial Investment: $438K - $1 . As the name suggests, Scooter's Coffee is where coffee connoisseurs can "scoot in and scoot out" as they enjoy its premium coffee products. The median across all shops is around $90,000. With a vision of combining high-quality drinks and speedy service, Scooter's Coffee opened in 1998, with franchising beginning in 2001. Compared to the year before, Scooter's Coffee stores saw an increase of more than 26%. Exceeding 400 stores is significant and reflects an important moment for the brand as Scooters Coffee advances toward a goal of 1,000 stores by 2024. As a result, non-traditional Stores operate differently from Kiosk and Coffeehouse Stores, as they generally do not have a drive-thru or significant customer seating available, may not have standard hours of operation, and typically are not located in freestanding locations that are visible to the public from outside. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. 66 on Entrepreneurs 2022 Franchise 500 list. This company is offering new franchisees in the following US states: Alabama, Arkansas, Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Louisiana, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, New Mexico, Nevada, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Wisconsin, West Virginia, Wyoming. We care about the protection of your data. 3. Operator and franchisor of a specialty coffee chain based in Omaha, Nebraska. Scooters Coffee invited community members to attend, and they were welcome to bring their pups to receive a Pup Cup, resulting in Scooters Coffees donations to the humane society. 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. If a Store was transferred between affiliate and franchisee during any measurement period in the representation above, its classification as affiliate-owned or franchisee-owned was based upon the majority of time owned and operated by affiliate or franchisee during the measurement period. More than 140 stores are currently slated to open by the end of 2021, with the long-term goal of reaching the 1,000-store milestone in 2024. Customers can stop at a Scooter's Coffee drive-thru and pick up quality coffee as they begin their day with a smile. The following statement is based on information for the Kiosk and Coffeehouse franchised Stores that were open and operating during the entire Measurement Period and that provided complete information (the Participating Stores). How profitable is a Scooters Coffee franchise? Same-store sales growth compares net sales (gross sales minus discounts and refunds) in calendar year 2020 to net sales in calendar year 2021. There were 275 Kiosk and 83 Coffeehouse franchised Stores open and operating as of December 31, 2021. Of those franchised Stores, 172 Kiosk and 75 Coffeehouse Stores were open and operating during the entire 12-month period ending December 31, 2021 (the Measurement Period). The Gross Sales, Discounts, Cost of Goods Sold, Labor Costs, and Rental Expenses are based upon the reported results for the Participating Stores during the Measurement Period. On grand opening day, the Katy location invited customers to bring their pups with them to enjoy a Pup Cup, a delicious mini cup of whipped cream. Learn more about how to become a franchise owner with one of the leading coffee brands in the nation. And entrepreneurs considering buying a franchise want to know how much money they may stand to make. Founded in 1998 in Ashland, Oregon, The Human Bean franchise is a drive-thru coffee concept with 79 locations 66 are franchised, and 13 are corporate locations in 10 states. Is this a profitable business? This represents a 29% profit margin (adjusted EBITDA margin). See more Food Franchises in USA in the catalog . Coffee, espresso, smoothies, pastries, breakfast items. The festivities included support for the Houston Humane Society. These brands have been the strongest for the longest. Scooter's Coffee franchisees have two options for franchise models: our drive-thru kiosk model or a welcoming drive-thru coffeehouse model. He was enlisted in the United States Air Force where he was a computer programmer, served on the base Honor Guard, and completed a tour of duty in Kuwait. Heres what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business. Were most proud of the fact that it emphasizes the trust our brand has with customers. Here's How to Find Out. Your results may differ. As a result, non-traditional Stores operate differently from Kiosk and Coffeehouse Stores, as they generally do not have a drive-thru or significant customer seating available, may not have standard hours of operation, and typically are not located in freestanding locations that are visible to the public from outside. Learn more about how to become a franchise owner with one of the leading coffee brands in the nation. As the senior vice president of development, Smiths experience and leadership will help underscore the companys commitment to achieving growth goals while providing innovative ways for customers to get amazing drinks, amazingly fast. The Eckles were inspired to open their own coffee shop while they were living in California where they witnessed the growth of the specialty coffee industry and drive-thru coffee concepts. In mid-July 2021, Scooters Coffee announced that Ric Smith has joined the company as senior vice president of development. According to Career Bliss, a Dunkin Donuts franchisee tops out at around $124,000 a year, with the lowest-paid franchise owners earning $23,000. Is this a good investment? The term Overhead is the estimated costs of other expenses including business insurance, licenses, accounting fees, franchisor technology fees, banking fees, store supplies, service contracts, repairs, maintenance, uniforms, and other miscellaneous costs. There is no . PJ's Coffee. This is everything you need to know about funding a franchise. Definition: The total amount necessary to begin operation of the franchise. The amount included in the table assumes that each Participating Store will comply with the requirements in the Franchise Agreement. At the beginning of August 2021, Scooters Coffee appointed Richard Heyman as chief information officer. The information presented in this Part 1 is based on information Participating Stores provided to Scooters Coffee. This statement includes average Gross Sales of Participating Stores (both Participating Kiosk Stores and Participating Coffeehouse Stores) for each of calendar years 2014 to 2020. The term Discounts includes the face value of coupons, free or reduced drink promotions, gift card promotions, mobile app promotions, waste, and employee free drinks. The top quartile among those stores saw an average unit volume just shy of $1 million thanks to their essential function. If a Store first opened mid-month, that partial month of initial operations is not included in the data below. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Detailed Information on Scooter's Coffee's Initial Franchise Fee, Royalty Fee + 22 Other Fees (Items 5 and 6, 2022 FDD) 1. . Heyman has a Bachelor of Science degree in Geology and Physics from Tufts University and a Master of Science degree in Geology from Brown University. For a number of good reasons, many entrepreneurs opt to buy a franchise of a successful coffee concept rather than open as an independent. There has never been a better time than now to join the Scooter's Coffee family! Approaching 500 locations across the U.S., Scooters Coffee provides customers with responsibly sourced coffee served by amazing people, all from a convenient 664 square foot drive-thru kiosk. There is no assurance that you will sell or earn as much. Are you eager to see what else is out there? Heymans expertise in digital transformation will result in data-driven, dynamic decision-making, allowing the company and franchise system to elevate overall customer experience while striving to deliver the best drive-thru interaction in the world. Setting up a Scooter's Coffee franchise begins when the franchisor and franchisee enter into a legal agreement that allows you to operate a store and use the brand's image and products. Your email address will not be published. ), Franchises: 150+ templates built specifically for franchisees, from restaurants, gyms, home services and more, 104 on-the-job hours and 56 classroom hours, Scooters Coffee franchises pros and cons. For each year, Scooters Coffee only included Kiosk and Coffeehouse Stores that were open and operating during the entire 12-month period ending December 31 of the calendar year identified (each a Measurement Period). Scooters Coffee used information from sales reports submitted by the Participating Stores in calculating royalties, and data obtained from approved point-of-sale register systems. Drive-thru coffee kiosks are growing in popularity all around the country. Initiatives included voice-activated drive-thru capabilities, predictive production management, robotic/automated cooking equipment and more that drove better business efficiencies and performance. Katy is one of our first locations to offer a dual-lane drive-thru to really enhance the speed in which our customers are getting through the drive-thru from start to finish. Only then you can pay yourself dividends. Heyman will advance Scooters Coffees technology-enabled processes to provide secure and scalable IT solutions that will fuel franchise support and growth. Use Our Free Financial Calculator, FDD Talk: Premier Martial Arts Franchise Costs, Fees, Average Revenues and/or Profits (2022 Review), FDD Talk: CycleBar Franchise Costs, Fees, Average Revenues and/or Profits (2022 Review), Section I Estimated initial investment (franchise costs) for a Scooters Coffee franchise, based on Item 7 of the companys 2022 FDD, Section II Initial franchise fee, royalty fee, and marketing fee for a Scooters Coffee franchise, based on Items 5 and 6 of the companys 2022 FDD, Section III Number of franchised and company-owned Scooters Coffee outlets at the start of the year and the end of the year for 2019, 2020, and 2021, based on Item 20 of the companys 2022 FDD, Section IV Background information on the Scooters Coffee franchise opportunity, including relevant news updates. But, ultimately, a coffeehouse or drive-thru coffee kiosk is a business. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. Scooter's Coffee franchise fees for 2023: Initial Investment: $794,000 - $1,264,500 Net Worth Requirement $500,000 Cash Requirement $200,000 Veterans incentive: Yes Royalty Fee 6% Financing options: Yes Initial Franchise Fee: $40,000 Is Scooter's Coffee a Semi Absentee Franchise with a Passive Ownership Opportunity? There is no assurance that you will sell or earn as much. Scooter's Coffee started as a dream of Don and Linda Eckles, who believed that people need quality coffee served from convenient locations. Lets find out! Additional details about running this franchise. Start a Scooter's Coffee Franchise in 2023 - Entrepreneur Scooter's Coffee Coffee, espresso, smoothies, pastries, breakfast items 2023 Franchise 500 Rank #59 Ranked #66 last year See. Opening a coffee shop gives its owner many rewards. The information presented in this Part 1 is based on information Participating Stores provided to Scooters Coffee. There is no assurance you will earn as much. For example, this Item 19 does not include costs associated with paying any rental expense, equipment, royalty, or continuing marketing fees. In mid-April 2022, Scooters Coffee celebrated the grand opening of its 400th location in Katy, Texas. The following are statements of Sales, Expenses, and Earnings for Participating Kiosk Stores and Participating Coffeehouse Stores based upon reported results and actual and estimated expenses. 4. Whats Driving Coffee Shop Sales In 2023? The Initial Franchise Fee is due and paid by . In Scooters Coffees experience, Overhead expense is an average of $42,000 for Kiosk Stores and Coffeehouse Stores, and it has used these figures in calculating the estimated Overhead expenses in the above charts. Scooters Coffee has not verified or audited this information. Need help? Whats more is that Scooters Coffee franchises revenues have been growing steadily over the years. In Scooters Coffees experience, Card Processing costs an average 2.6% of Gross Sales, and Scooters Coffee has used this figure in calculating the Estimated Card Processing expenses in the above charts. These concepts continually rank as the top franchises in the coffee and tea industry. This statement includes the average customer ticket for Kiosk and Coffeehouse franchised Stores that were open during the entire 12-month period ending December 31, 2021 (the Measurement Period) and that provided complete information Scooters Coffee requested respecting such costs. The onset of a public health crisis introduced challenges levied on businesses of all shapes and sizes. Scooter's Coffee May 2022 - Present 11 . Net Sales are measured by taking Gross Sales and subtracting customer discounts and refunds to customers. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. This is your payback period: the time it takes for an investment to repay itself with the future profits. Opening a Scooter's Coffee franchise could be a strategic move if owning a well-regarded beverage franchise is your dream. Same-store sales for locations open for at least 13 months is measured each year. Scooters Coffee has partnered with third-party financial lenders that may help qualified franchisees cover the costs of the franchise fee, startup cost, equipment, inventory, accounts receivable, payroll. Assets include cash, stocks, retirement accounts, and real estate. Single day sales records for franchise of Hart Family Coffee, and as . The remaining Kiosk and Coffeehouse franchised Stores open as of December 31, 2020 are not included in the statement below because they were not open during the entire Measurement Period or did not provide complete information requested. Required fields are marked *, Previous post: FDD Talk: Premier Martial Arts Franchise Costs, Fees, Average Revenues and/or Profits (2022 Review), Next post: FDD Talk: CycleBar Franchise Costs, Fees, Average Revenues and/or Profits (2022 Review), Is Franchising a Path for You? 9. while meeting budget expectations and achieving a $100,000 profit . 16. The company is seeking to expand its reach even further, potentially making it an intriguing option for entrepreneurs. The median earnings for a top-performing shop are around $184,000. This Item 19 is separated into five sections. That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. In mid-May 2021, Scooters Coffee released its 2021 Franchise Disclosure Document, providing a look into its system and sales growth during 2020. Arpin added, We wouldnt set such ambitious goals for growth if we didnt see proof of the models success and sustainability. Section V Presentation and analysis of Scooters Coffees financial performance representations, based on Item 19 of the companys 2021 FDD, including information on the: The following table summarizes the ownership of Stores in operation as of December 31, 2020: This Item 19 does not include financial performance information for any of Scooters Coffees franchised nontraditional Stores as Scooters Coffee currently is not actively marketing non-traditional Stores, and they operate differently from Kiosk and Coffeehouse Stores. Scooter's Coffee, which was ranked a top franchise in Entrepreneur's annual Franchise 500 for 2020, is an amazing opportunity for anyone opening a coffee shop. On average, you would need to invest $1,143,250 to open a new Scooters Coffee restaurant. According to the latest FDD, startup costs vary based on the format of restaurant you choose: the Kiosk Store costs on average $794,500-$1,264,500, whereas a Coffeehouse store costs $666,500-$1,847,500 instead. You do not need to consent as a condition of any purchase, and you can revoke consent at any time. Rather, you may need to deduct taxes, debt interest expenses, and other costs. Of these 31 Drive-Thru Kiosks that compile the top quartile: (1) 17 of them (or 40%) had an AUV that met or exceeded $1,179,980, (2) 19 of them (or 44%) had a Net Profit Margin and EBITDA that met or exceeded the average. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. Everyone watched their spending last year, and yet so many customers saw our products and service worthy of their dollar. 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