As part of your due diligence, you may want to speak to existing franchisees and ask the Scooter's Coffee franchising team questions. That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. The Initial Franchise Fee is due and paid by . $19.99. Scooters Coffee was founded as Scooters Java Express in 1998 by Don and Linda Eckles in Bellevue, Nebraska. 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. Scooter's Coffee is an American chain of coffee stores specializing in quick service of espresso drinks, smoothies, and baked goods founded in 1998 and has grown to about 250 stores in the United States. 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. **This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. 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. The average profit for a small coffee cafe is 2.5 percent of gross sales. Heyman will advance Scooters Coffees technology-enabled processes to provide secure and scalable IT solutions that will fuel franchise support and growth. 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. The sales number is the annual median sales of 358 franchised restaurants operating in 2021. Cash Available for Investment0-$99,999$100,000 - $199,999$200,000 - $299,999$300,000+. There has never been a better time than now to join the Scooter's Coffee family! For each year, Scooters only included franchised Kiosk and Coffeehouse Stores that remained open and operating as of December 31, 2021. Scooters Coffee has not verified or audited this information. Franchisees will also need to meet the company's set net worth and liquid capital requirements. Reminder: Your username and password are case-sensitive. 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. 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%. 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. 66 on Entrepreneurs 2022 Franchise 500 list. Additionally, you will need to have access to at least $50,000 in liquid capital to cover the costs of opening and operating the business. Scooters Coffee has not verified or audited this information. When compiling our data from this past year, its clear we have done just that. 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). Before opening a Scooter's Coffee franchise, a designated manager and at least one principal franchisee must attend training. Scooters Coffee understands customers want to interact with brands digitally. In addition to the initial franchise fee of $40,000, you would also pay for: On average, a Scooters Coffee franchise makes $797,101 in sales per year. In addition, utilizing digital menu boards at this location allows us ample flexibility. See more Food Franchises in USA in the catalog . These brands have been the strongest for the longest. 13. Your email address will not be published. The remaining Kiosk and Coffeehouse franchised Stores open as of December 31, 2021 are not included in the statement below because they were not open during the entire Measurement Period or did not provide complete information requested. Royalty also includes the 2% Marketing Contribution. DESCRIPTION. **This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. How much money can you make with a Scooters Coffee franchise? Is this a profitable business? 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. There were 189 Kiosk and 77 Coffeehouse franchised Stores open and operating as of December 31, 2020. 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. The same-store sales growth figures below show the change in the Net Sales (as defined above) earned by Participating Stores during the 2020-2021 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). 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. 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. With more than 35 years of experience in information technology, Heyman has successfully led digital transformation for entrepreneurial endeavors and large public enterprises. Here's How to Find Out. 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. Same-store sales for locations open for at least 13 months is measured each year. In this FDD Talk post, youll learn the following: Appoints New Vice President of Development. We are excited to continue this innovation across all locations nationwide.. 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. Initial Franchise Fee: $40,000. The Initial Franchise Fee for an individual Scooter's Coffee Store, regardless of the type of Store you purchase, is $40,000 for each Store. We have always built our brand around amazing coffee as well as the amazing people who truly make Scooters Coffee what it is. On average, you would need to invest $1,143,250 to open a new Scooters Coffee restaurant. 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. The new Cold Brews are the company's first foray into the ready-to-drink coffee category and come in three initial varieties: Potential profit from a Scooters Coffee franchise is well above the average for the industry. On average, a Scooter's Coffee franchise makes $170,116 in profits per year (21.2% EBITDA margin). Franchisees may be entitled to renew their agreement if they meet the Scooter's Coffee brand requirements. Of those franchised Stores, 146 Kiosk and 73 Coffeehouse Stores were open and operating during the entire 12-month period ending December 31, 2020 (the Measurement Period). Source: Franchise Disclosure Document 2022 Yet, this adjusted EBITDA does not mean you will earn 21.2% of the total revenue as the net profit. 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%. That's right, Cafe2U is coffee on wheels. For each year, Scooters only included franchised Kiosk and Coffeehouse Stores that remained open and operating as of December 31, 2020. Definition: The total amount necessary to begin operation of the franchise. 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