Additional details about running this franchise. 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. Need help? Scooter's Coffee franchisees have two options for franchise models: our drive-thru kiosk model or a welcoming drive-thru coffeehouse model. Classic Tumbler, White. 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. Is a Scooters Coffee franchise a good investment? With more than 11,300 restaurants worldwide (more than 8,500 in the United States), Dunkin Donuts franchise certainly is among the best-known brands in coffee franchises. Regional Marketing and Advertising Cooperatives: none currently. The festivities included support for the Houston Humane Society. At the time, coffeehouses were popping up everywhere and the Eckleses wanted to combine quality coffee with drive-thru convenience. The median earnings for a top-performing shop are around $184,000. Scooter's Coffeehas been ranked in Entrepreneur's Franchise 500 multiple times in recent years. Over the last 7 years, Participating Stores in the Scooters system has experienced same-store sales growth that breaks down as follows: Franchised Same-Store Sales Growth Over Prior Year: +24.32%, Total Number of Open Franchised Outlets Whose Data Were Used: 217, Number and Percentage of Outlets That Attained or Exceeded Average: 112/51.61%, Franchised Same-Store Sales Growth Over Prior Year: +26.49%, Total Number of Open Franchised Outlets Whose Data Were Used: 163, Number and Percentage of Outlets That Attained or Exceeded Average: 79/48.47%, Franchised Same-Store Sales Growth Over Prior Year: +11.62%, Total Number of Open Franchised Outlets Whose Data Were Used: 154, Number and Percentage of Outlets That Attained or Exceeded Average: 78/50.65%, Franchised Same-Store Sales Growth Over Prior Year: +7.63%, Total Number of Open Franchised Outlets Whose Data Were Used: 135, Number and Percentage of Outlets That Attained or Exceeded Average: 56/41.48%, Franchised Same-Store Sales Growth Over Prior Year: +3.59%, Total Number of Open Franchised Outlets Whose Data Were Used: 124, Number and Percentage of Outlets That Attained or Exceeded Average: 64/51.61%, Franchised Same-Store Sales Growth Over Prior Year: +8.40%, Total Number of Open Franchised Outlets Whose Data Were Used: 94, Number and Percentage of Outlets That Attained or Exceeded Average: 50/53.19%, Franchised Same-Store Sales Growth Over Prior Year: +16.0%, Total Number of Open Franchised Outlets Whose Data Were Used: 79, Number and Percentage of Outlets That Attained or Exceeded Average: 42/53.16%, Franchised Same-Store Sales Growth Over Prior Year: +13.39%, Total Number of Open Franchised Outlets Whose Data Were Used: 59, Number and Percentage of Outlets That Attained or Exceeded Average: 38/64.41%. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee. And while dine-in options were severely hampered, Scooters Coffee stores built as coffeeshop models still saw growth as well compared to the year before. We are excited to continue this innovation across all locations nationwide.. Operator and franchisor of a specialty coffee chain based in Omaha, Nebraska. Need help? Same-store sales for locations open for at least 13 months is measured each year. 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. According to FranchiseChatter.com, a unit of The Human Bean yields average profits of at least $100,000 with a caveat. Overhead employees are not included in the labor calculations above. 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). 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. 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). 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. 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. 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. 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 . 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. Your email address will not be published. The term Average Customer Ticket means the total amount of Gross Sales during the Measurement Period, divided by the total amount of customer transactions. Curious to know where Scooter's Coffee ranked on other franchise lists? The term Net Sales means Gross Sales minus Discounts. Franchise Chatter is reader-supported. Yet, this adjusted EBITDA does not mean you will earn 21.2% of the total revenue as the net profit. You do not need to consent as a condition of any purchase, and you can revoke consent at any time. Franchisees may be entitled to renew their agreement if they meet the Scooter's Coffee brand requirements. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high. The past year threw so many challenges everyones way, especially in the foodservice industry. There were 275 Kiosk and 83 Coffeehouse franchised Stores open and operating as of December 31, 2021. 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. Initial Franchise Fee: $40,000. We care about the protection of your data. Catch up on the latest franchise news, trends, and more. 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. 14. How profitable is a Scooters Coffee franchise? Number and Percentage That Attained or Exceeded the Average: 83/48%, Number and Percentage That Attained or Exceeded the Average: 84/49%, Number and Percentage That Attained or Exceeded the Average: 79/46%, Number and Percentage That Attained or Exceeded the Average: 35/47%, Number and Percentage That Attained or Exceeded the Average: 37/49%, Number and Percentage That Attained or Exceeded the Average: 34/45%. You also agree to our Privacy Policy. This Item 19 is separated into five sections. 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. Smith will lead the franchise sales, real estate, and construction functions. How to Find, Vet and FUND a Good Franchise (Webinar), Buying a Franchise on Your Own Can Be Overwhelming, How to Find, Vet & FUND a Good Franchise. Earnings Before Depreciation, Interest, Taxes, and Debt Service: $170,116 (21.23%), Earnings Before Depreciation, Interest, Taxes, and Debt Service, Earnings Before Depreciation, Interest, Taxes, and Debt Service: $172,443 (19.48%), Your email address will not be published. The Initial Franchise Fee is due and paid by . Scooter's Coffee may offer a starting point and a brand built on outstanding performance. At the beginning of August 2021, Scooters Coffee appointed Richard Heyman as chief information officer. This information is based upon 217 locations that were open during the entire 2021 calendar year and provided complete information. AMAZING PEOPLE, AMAZING DRINKS AMAZINGLY FAST!. This ever-growing brand has more than 275 locations across 17 states, including coffeehouses and drive-thru kiosks. Scooter's Coffee. 1. All of the Stores whose data were used in the table above were open for at least 13 months during the measured period. Reminder: Your username and password are case-sensitive. 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: 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%. 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. 2. If a Store first opened mid-month, that partial month of initial operations is not included in the data below. Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses. Compared to the year before, Scooters Coffee stores saw an increase of more than 26%. Cash Available for Investment0-$99,999$100,000 - $199,999$200,000 - $299,999$300,000+. 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. Come Apply At iHeartCoffee, A Scooter's Coffee Franchise! The owner becomes an important part of the community and feels the satisfaction of serving great coffee and other items. This is everything you need to know about funding a franchise. With commitments to build new stores in 30 states, the company plans to open many additional locations in 2022. Heres what you need to know if youre interested in opening a Scooter's Coffee franchise. 5. 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. Learn more about how to become a franchise owner with one of the leading coffee brands in the nation. 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. Heyman will advance Scooters Coffees technology-enabled processes to provide secure and scalable IT solutions that will fuel franchise support and growth. 8. Prior to joining Scooters Coffee, Heyman served in leadership roles at companies that included Retail Digital Strategy Consulting, Christopher & Banks, Gordmans, Pamida Stores, Distributed Intelligence Systems, Sirius Retail, and Bakers Supermarkets. 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. Scooter's Coffee is committed to continuing to serve amazing drinks, amazingly fast as we work toward becoming the number one drive-thru coffee franchise." The companies on the 2022 Inc.. 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. Read our 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. Initial investments: $794,000 - $1,264,500 Net Worth Requirement: $500,000 Liquid Cash Requirement: $200,000 Estimated Initial Investment 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. 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. 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. Scooters Coffee Continues Growing in Iowa, Scooters Franchise Owner Salary vs. Competition. Last updated on August 29, 2022 by Franchise Chatter Leave a Comment in Coffee Franchise, FDD Talk: Food Franchises, Franchise Earnings. Rather, you may need to deduct taxes, debt interest expenses, and other costs. 7. Your individual results may differ. Download the Scooters Coffee franchise business plan, Updated with Franchise Disclosure Document. Wisconsin, United States. Smith earned a Bachelor of Arts degree in Political Science and Business from SMU in Dallas, Texas. 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 2018 to 2021. See Item 19 of the FDD for more information. 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 . 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. The initial franchise fee will start at $25,000-35,000, with additional expenses depending on the location and size of the shop. Scooters Coffee also may offer exclusive territories, potentially setting up franchisees for success by weighing all factors. 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. There is no assurance that you will sell or earn as much. How do you narrow thousands of possibilities down to the one perfect franchise for you? Scooters Coffee started franchising in 2002 and is franchised by Scooters Coffee LLC, headquartered in Omaha, Nebraska. 11. This Item 19 is separated into five sections. 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. Whats more is that Scooters Coffee franchises revenues have been growing steadily over the years. Cash Available for Investment0-$99,999$100,000 - $199,999$200,000 - $299,999$300,000+. In mid-May 2021, Scooter's Coffee released its 2021 Franchise Disclosure Document, providing a look into its system and sales growth during 2020. However, their liquid capital requirement is only $100,000 compared to Dunkin's $250,000 minimum. By requesting information, you agree that Scooter's Coffee may call and/or text you about your inquiry, which may involve the use of automated means. 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. Reminder: Your username and password are case-sensitive. 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? Net Sales also includes the fair market value of any services or products you receive in barter or exchange for your services and products. Prior to Scooters Coffee, Lester led strategic initiatives for the past 9 years at McDonalds, enabling a superior customer experience. 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. 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? Scooter's Coffee has built a reputation for delivering "amazing drinks, amazingly fast." 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