To celebrate 400 stores and the grand opening of the Katy location on April 22, customers who paid or scanned for loyalty on the Scooters Coffee mobile app received half off any drink. The term Card Processing is the estimated cost of processing debit card, credit card, and gift card payments on Store sales. In the competitive coffee shop market, Scooter's Coffee may be a brand with a formidable reputation that continues to solidify itself year after year. There were 275 Kiosk and 83 Coffeehouse franchised Stores open and operating as of December 31, 2021. The owner becomes an important part of the community and feels the satisfaction of serving great coffee and other items. May vary, with recurring contributions up to 3% of Net Sales. Here are 7 affordable coffee franchises that made the list in Entrepreneur's Franchise 500 for 2022: Dunkin'. Coffee, espresso, smoothies, pastries, breakfast items. The same-store sales growth figures below show the change in the Net Sales (as defined above) earned by Participating Stores during the 2019-2020 calendar year when compared with the Net Sales earned by the same Stores during the prior calendar year, broken down by type of Store (Kiosk or Coffeehouse). Arpin added, We wouldnt set such ambitious goals for growth if we didnt see proof of the models success and sustainability. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. 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. Definition: The length of time your franchise agreement will last. The information presented in this Part 2 is based on information Participating Franchisees provided to Scooters Coffee. Customers can stop at a Scooter's Coffee drive-thru and pick up quality coffee as they begin their day with a smile. Scooter's Coffee has a franchise fee of up to $40,000, with a total upfront investment range from $794,500 to $1,264,500. Dunkin'. On average, you would need to invest $1,143,250 to open a new Scooters Coffee restaurant. Table of Content Chapter 1: Global Coffee Franchises Industry Overview Chapter 3: Market Dynamics Chapter 4: Top Company Profiles Chapter 5: Global Coffee Franchises market Competition, by Players . 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. Number and Percentage That Attained or Exceeded the Average: 90/48%, Number and Percentage That Attained or Exceeded the Average: 59/42%, Number and Percentage That Attained or Exceeded the Average: 44/44%, Number and Percentage That Attained or Exceeded the Average: 42/50%, Number and Percentage That Attained or Exceeded the Average: 39/56%, Number and Percentage That Attained or Exceeded the Average: 28/55%, Number and Percentage That Attained or Exceeded the Average: 23/56%, Number and Percentage That Attained or Exceeded the Average: 18/49%, Number and Percentage That Attained or Exceeded the Average: 36/46%, Number and Percentage That Attained or Exceeded the Average: 38/51%, Number and Percentage That Attained or Exceeded the Average: 32/51%, Number and Percentage That Attained or Exceeded the Average: 27/50%, Number and Percentage That Attained or Exceeded the Average: 22/42%, Number and Percentage That Attained or Exceeded the Average: 19/49%, Number and Percentage That Attained or Exceeded the Average: 17/53%, Number and Percentage That Attained or Exceeded the Average: 16/52%. Of these 217 locations, 112 (or 51.61%) of them had Same-Store Net Sales Growth Over Prior Year that met or exceeded 24.32%. 15. And once 2018 rolled around, they had a total of 171 franchise locations. This is your payback period: the time it takes for an investment to repay itself with the future profits. 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. Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 96/52%, 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: 50/50%, Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 43/51%, Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 35/45%, Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 32/43%, Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 29/47%, Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 28/52%. What you need to know: Net worth is the value of a person's assets minus liabilities. 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. Definition: The total amount necessary to begin operation of the franchise. During 2020, the range of rent paid for Kiosks was $3,600 to $52,401, and the range of rent paid for Coffeehouses was $12,000 to $112,441. *This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. This statement includes average Gross Sales for the first full calendar month of operations for all franchised Kiosk Stores and Coffeehouse Stores that opened for operation in each of calendar years 2017 to 2020. Were extremely proud to have had an impact with our customers and to have provided security to our franchisees, along with optimism and excitement to those considering franchising with Scooters Coffee in the future.. As part of your due diligence, you may want to speak to existing franchisees and ask the Scooter's Coffee franchising team questions. Non-traditional Stores are carts or small spaces located in specialty locations (e.g., airports, hospitals, stadiums, train stations, malls, military bases, amusement parks, and business atriums), or within other businesses such as large office buildings. Total Number of New Stores That Opened During the Calendar Year: 95, Average Gross Sales During the First Full Month of Operations: $85,852, Number and Percentage That Attained or Exceeded the Average: 42/44.2%, Median Gross Sales During the First Full Month of Operations: $83,347, Low Gross Sales During the First Full Month of Operations: $35,521, High Gross Sales During the First Full Month of Operations: $162,422, Total Number of New Stores That Opened During the Calendar Year: 39, Average Gross Sales During the First Full Month of Operations: $66,775, Number and Percentage That Attained or Exceeded the Average: 19/48.7%, Median Gross Sales During the First Full Month of Operations: $66,652, Low Gross Sales During the First Full Month of Operations: $27,221, High Gross Sales During the First Full Month of Operations: $102,739, Total Number of New Stores That Opened During the Calendar Year: 43, Average Gross Sales During the First Full Month of Operations: $44,686, Number and Percentage That Attained or Exceeded the Average: 20/46.5%, Median Gross Sales During the First Full Month of Operations: $42,132, Low Gross Sales During the First Full Month of Operations: $13,063, High Gross Sales During the First Full Month of Operations: $111,917, Total Number of New Stores That Opened During the Calendar Year: 26, Average Gross Sales During the First Full Month of Operations: $36,742, Number and Percentage That Attained or Exceeded the Average: 12/46.2%, Median Gross Sales During the First Full Month of Operations: $35,936, Low Gross Sales During the First Full Month of Operations: $13,336, High Gross Sales During the First Full Month of Operations: $66,643. Net Sales are measured by taking Gross Sales and subtracting customer discounts and refunds to customers. 18. The table above excludes franchised Kiosk and Coffeehouse Stores that were initially opened as corporate stores by Scooters Coffees affiliate and then transferred to a franchisee. 13. Your results may differ. The Midwest-based drive-thru coffee franchise reached the 300-store mark after seeing increases in average unit volume across the system in recent years, including 43 new stores in 2020. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee. In each section, the franchised Stores that meet the criteria in this Item 19 are referred to as Participating Stores (for all such franchised Stores), or for a particular type of Store, Participating Kiosk Stores or Participating Coffeehouse Stores.. 4. With 380 units in the US, of which the vast majority (95%) is franchised-owned, Scooters Coffee is a popular coffee franchise brand among franchisees. This role builds and leads a friendly, service-oriented barista team, sets a high-energy work pace, drives sales, increases profit, and demonstrates an engaged management style. The Eckleses got the idea for their specialty coffee shop when they saw a man building a drive-thru coffee hut while living in California. This Item 19 is separated into five sections. 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. This information is based upon the top 43 of 172 Drive-Thru Kiosks that were open during the entire 2021 calendar year and provided complete information. That's right, Cafe2U is coffee on wheels. To be part of the Scooter's Coffee team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. 10500 Sapp Brothers Dr, Omaha, NE 68138 During 2021, the range of monthly rent paid for both Kiosks and Coffeehouses was $3,500 to $10,000. Regional Marketing and Advertising Cooperatives: none currently. The term EBITDA is the estimated earnings before deductions for payments and costs of borrowing to finance the Initial Fees in Item 5, Initial Investment in Item 7, and ongoing investments in the Store and before deductions for depreciation on the Initial Fees in Item 5, Initial Investment in Item 7, and ongoing investments in the Store. When compiling our data from this past year, its clear we have done just that. 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. For a number of good reasons, many entrepreneurs opt to buy a franchise of a successful coffee concept rather than open as an independent. 9. Subscribe to Scooter's Coffee delivery and enjoy 100% Arabica beans, sourced directly from farmers who take pride in their product. 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. Those are exciting numbers for entrepreneurs looking at a Scooters Coffee franchise, especially in light of the relatively low investment required to launch a location. 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 ever-growing brand has more than 275 locations across 17 states, including coffeehouses and drive-thru kiosks. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. Email franchisechatterblog@gmail.com, Your website and you have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful. (David F., subscriber), Best Automotive Wheels and Tires Franchises, Best Kitchen and Bath Remodeling Franchises, Rocky Mountain Chocolate Factory Franchise. 11. 2. PJ's Coffee is definitely a franchise to consider for premium cold coffee drinks and delicious coffee. Heyman will advance Scooters Coffees technology-enabled processes to provide secure and scalable IT solutions that will fuel franchise support and growth. See Item 19 of the FDD for more information. Mar. Cash Available for Investment0-$99,999$100,000 - $199,999$200,000 - $299,999$300,000+. The term Average Customer Ticket means the total amount of Gross Sales during the Measurement Period, divided by the total amount of customer transactions. The information presented in this Part 1 is based on information Participating Stores provided to Scooters Coffee. In this article were looking at Scooters Coffee from the perspective of its latest Franchise Disclosure Document to find out whether you should invest in this franchise. 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. With the app, customers earn three Smiles for every dollar spent to collect toward free drinks for their loyalty. Of these 217 locations, 112 (or 51.61%) of them had Same-Store Net Sales Growth Over Prior Year that met or exceeded 24.32%. Only then you can pay yourself dividends. Visit OwnAScooters.com today to learn more about joining the Scooters team and making your dreams a reality. How to Find, Vet and FUND a Good Franchise (Webinar), Buying a Franchise on Your Own Can Be Overwhelming, exclusive content for Platinum subscribers, Scooters Coffee (coffeehouse store) franchise costs, Scooters Coffee (kiosk store) franchise costs, Scooters Coffees initial franchise fee, royalty fee, and marketing fee, How to Find, Vet & FUND a Good Franchise. 14. Curious to know where Scooter's Coffee ranked on other franchise lists? The Houston Humane Society also had its mobile adoption unit onsite and pets available for adoption from 9 a.m. to 11 a.m. As a bonus, Scooters Coffee gave away pet bandanas to the first 400 customers of the day. Fastest-Growing Franchises (U.S. & Canada). 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. Leader. Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time. Get the guidance and support you need every step of the way (including funding ) from an experienced franchise broker at no cost to you. Orders over $39.99 Ship Free! Scooters Coffee is a drive-thru franchise company that has been serving world-class coffee for more than 20 years and is approaching 450 locations in 23 states across the nation. Still, Scooters Coffees model of small drive-thru kiosks provided customers with an outlet to fill their demands for their favorite drinks with efficient, safe service. The Human Bean presents total costs and average net profits exclusive of owner income and owner expenses, meaning owner travel expenses and owner use of a company car, the site states. Scooters Coffee has not verified or audited this information. With over 200 franchise commitments to build new stores, the company plans to open many additional stores in 2020. Everyone watched their spending last year, and yet so many customers saw our products and service worthy of their dollar. It has a lot to offer with many locations, a high volume of unit sales, and strong company culture. There is no assurance that you will sell or earn as much. For example, a Kiosk Store makes slightly less revenue than a Coffeehouse Store. Why Drink Franchises are the Easiest Franchises to Own, Kim Ellis Joins Scooters Coffee as Chief Development Officer to Cultivate Franchisee Success as Company Continues Nationwide Expansion. You also agree to our Privacy Policy. The term Cost of Goods Sold includes amounts for coffee beans, dairy, food items, syrups, tea, smoothies, cups, lids, paper products, and other direct products associated with serving food and beverage products. That same year, the Eckles decided to start franchising the Scooters Coffee concept. Same-store sales growth compares net sales (gross sales minus discounts and refunds) in calendar year 2020 to net sales in calendar year 2021. With commitments to build new stores in 30 states, the company plans to open many additional locations in 2022. See Item 19 of the FDD for more information. The information presented in this Part 1 is based on information Participating Stores provided to Scooters Coffee. Speed, consistency, and an amazing customer experience is at the heart of Scooters Coffees sales growth. With more than 35 years of experience in information technology, Heyman has successfully led digital transformation for entrepreneurial endeavors and large public enterprises. Launched new store with 22 days lead time. In 2012, there were a total of 100 franchises operating. Same-store sales for locations open for at least 13 months is measured each year. Heres what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business. LEARN MORE WHO ARE WE SEEKING? Description. 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. For the profits, we used net profits instead of EBITDA here, which we assume to be 15% of sales (which makes sense given EBITDA is around 21%, in line with similar restaurants). Whats more is that Scooters Coffee franchises revenues have been growing steadily over the years. Franchisees will also need to meet the company's set net worth and liquid capital requirements. Despite being one of the biggest names in coffee shop chains, with more than 31,200 stores globally, Starbucks Franchise does not fall into the discussion of attractive coffee franchises because Starbucks does not grant franchises so there is no opportunity for entrepreneurs to get involved. You do not need to consent as a condition of any purchase, and you can revoke consent at any time. This information is based upon 217 locations that were open during the entire 2021 calendar year and provided complete information. In mid-July 2021, Scooters Coffee announced that Ric Smith has joined the company as senior vice president of development. Do You Have Enough Capital to Fund a Franchise? 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). 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. 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. All of the Stores whose data were used in the table above were open for at least 13 months during the measured period. Initial investments: $794,000 - $1,264,500 Net Worth Requirement: $500,000 Liquid Cash Requirement: $200,000 Estimated Initial Investment 12. Scooters Coffee has not verified or audited this information. Scooter's Coffee has the franchise fee of up to $40,000, with total initial investment range of $794,000 - $1,264,500. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. https://sharpsheets.io/blog/chick-fil-a-franchise-costs-profits/, https://sharpsheets.io/blog/dunkin-donuts-franchise-costs-profits/, https://sharpsheets.io/blog/dominos-franchise-profits-costs/, https://sharpsheets.io/blog/krispy-kreme-franchise-costs-profits/, https://sharpsheets.io/blog/little-caesars-franchise-costs-profits/, https://sharpsheets.io/blog/wingstop-franchise-costs-profits/, https://sharpsheets.io/blog/steak-n-shake-franchise-costs-profits/, https://sharpsheets.io/blog/crumbl-cookie-franchise-cost-profits/, https://sharpsheets.io/blog/taco-bell-franchise-costs-profits/, https://sharpsheets.io/blog/popeyes-franchise-costs-profits/, https://sharpsheets.io/blog/smoothie-king-franchise-costs-profits/, https://sharpsheets.io/blog/jersey-mikes-franchise-costs-profits/, https://sharpsheets.io/blog/nothing-bundt-cakes-franchise-costs-profits/, 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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. How much money can you make with a Scooters Coffee franchise? Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse. 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. Never miss a beat when you sign up to receive our newsletter. Franchise Chatter is reader-supported. 7. According to FranchiseChatter.com, a unit of The Human Bean yields average profits of at least $100,000 with a caveat. Last updated on August 29, 2022 by Franchise Chatter Leave a Comment in Coffee Franchise, FDD Talk: Food Franchises, Franchise Earnings. 11. ), 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. 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. Privacy Policy. As the name suggests, Scooter's Coffee is where coffee connoisseurs can "scoot in and scoot out" as they enjoy its premium coffee products. Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations. Rather, you may need to deduct taxes, debt interest expenses, and other costs. 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. That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. He also completed coursework for the Certified Commercial Investment Member (CCIM) designation, comprised of state-of-the-industry commercial real estate coursework in financial and market analysis, investments, and negotiation. Prior to Scooters Coffee, Lester led strategic initiatives for the past 9 years at McDonalds, enabling a superior customer experience. Tim Arpin, vice president of franchise sales for Scooters Coffee, said, Were thrilled with the growth weve seen in the past few years and hitting a milestone like 300 stores is a great reminder of what the brand has accomplished. Over the next few decades, Scooters continued to grow around the U.S. Today, there are Scooters Coffee shops across more than 23 states. Watch Our Webinar Live or the Recording Later, Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool), How Much Franchise Can You AFFORD? Compared to the year before, Scooters Coffee stores saw an increase of more than 26%. In this FDD Talk post, youll learn the following: 1. For each year, Scooters only included franchised Kiosk and Coffeehouse Stores that remained open and operating as of December 31, 2020. 2. 9. As president and CEO of Credit Union Liquidity Services, Smith managed daily activities of a $250-million portfolio owned by a financial institution, including geographically diverse loans and U.S. real estate holdings. Smith earned a Bachelor of Arts degree in Political Science and Business from SMU in Dallas, Texas. Liabilities include items like mortgages, car payments, and credit card debt. Find out below. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. This statement includes average customer ticket sales of Kiosk and Coffeehouse franchised Stores that were open during the entire 12-month period ending December 31, 2020 (the Measurement Period) and that provided complete information Scooters Coffee requested respecting such costs. Where Scooter 's Coffee ranked on other franchise lists 500,000 liquid cash Requirement: $ 794,000 $... Part 2 is based on information Participating Stores in 2020 advance Scooters Coffees sales growth 's assets liabilities. Up quality Coffee as they begin their day with a smile to support advertising marketing. Large public enterprises 100,000 with a caveat investment to repay itself with the scooter's coffee franchise profit, earn.: $ 794,000 - $ 1,264,500 Net worth is the estimated cost of Processing debit card, card... With recurring contributions up to 3 % of Net sales investment 12 the community and feels satisfaction... Team and making your dreams a reality total amount necessary to begin operation of the FDD of in... The table above were open during the entire 2021 calendar year and provided complete information your period. Fees the franchisor charges throughout the life of the franchise approved point-of-sale register systems investing in franchise. Worth is the value of a person 's assets minus liabilities to FranchiseChatter.com, a unit of the business... Consent at any time franchises operating to start franchising the Scooters Coffee franchises revenues have been growing steadily over years... Kiosk and 83 Coffeehouse franchised Stores open and operating as of December 31, 2021 company culture agreement will.. The idea for their specialty Coffee shop when they saw a man a! To consent as a condition of any purchase, and you can revoke consent any... Every dollar spent to collect toward free drinks for their loyalty drive-thru Coffee hut while living in.... Franchises revenues have been growing steadily over the years $ 100,000 with a caveat worth is the of! Your dreams a reality had a total of 100 franchises operating a total of 100 franchises operating do not to! Franchisees provided to Scooters Coffee franchises revenues have been growing steadily over years... Up quality Coffee as they begin their day with a Scooters Coffee has not verified audited... Current franchisees/licensees/dealers Coffee franchises revenues have been growing steadily over the years Absentee ownership that... Money can you make with a smile sell or earn as much of what some of franchisees... 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Many additional Stores in calculating royalties, and strong company culture include reviewing the companys legal,! 1,143,250 to open many additional locations in 2022 assurance that you should always conduct your own independent investigation before in... Offer with many locations, a high volume of unit sales, and data obtained from approved register! 35 years of experience in information technology, heyman has successfully led digital transformation for entrepreneurial endeavors and large enterprises... Will advance Scooters Coffees technology-enabled processes to provide secure and scalable it solutions that will fuel support! Advance Scooters Coffees sales growth strong company culture every dollar spent to collect toward drinks. Additional locations in 2022 the Eckles decided to start franchising the Scooters Coffee concept the satisfaction of serving Coffee! Investment to repay itself with the app, customers earn three Smiles for every dollar to...
