Full Answer
How much liquid capital do you need to own Scooter's Coffee?
What is the most important aspect of a franchise?
How much do Scooter's owners make?
A Scooter's Coffee franchise owner salary may rise up to around $320,000 a year, before depreciation, interest, taxes, and any debt service. The median earnings for a top-performing shop are around $184,000. The median across all shops is around $90,000.
Who is Scooter's coffee owned by?
Don EcklesDon Eckles, along with his wife, Linda, founded Scooter's Coffee in 1998 in Bellevue, Nebraska.
How much does a coffee franchise cost?
A Coffee franchise cost could have an initial fee of $39.000. From there other expenses could range from $333,500 to $563,000. A coffee franchise is an easy franchise to open.
Are coffee franchises profitable?
Coffee shop franchises can be profitable for many depending on the level of investment and the demand for coffee in a market. Some coffee shops also have a strong brand associated with them and may be familiar to consumers, making them potentially more profitable and expensive to get started with.
Is Scooter's coffee Black Owned?
Julian Young never thought he would own a coffee shop – it never even crossed his mind. But a single phone call changed all that. Young and his wife Brittany are now the first African American franchise owners of the Scooter's Coffee franchise.
Who owns Scooters coffee in Iowa?
Carissa and Brent Votroubek have grown their Scooter's Coffee multi-unit operation to three successful locations in Cedar Rapids, Iowa.
How much does a coffee franchise owner make?
Most coffee shop owners will make anywhere from around $60,000 to $160,000 in personal income. That number depends on a lot of factors, but that range is where most owners of shops in the coffee industry will find their salaries.
Which coffee franchise is best?
Here are 7 affordable coffee franchises that made the list in Entrepreneur's Franchise 500 for 2022:Dunkin' Entrepreneur Franchise 500 Rank: 11th ... Scooter's Coffee. Entrepreneur Franchise 500 Rank: 66th ... The Human Bean. ... Biggby Coffee. ... PJ's Coffee of New Orleans. ... Ziggi's Coffee. ... Ellianos Coffee.
What is Starbucks franchise fee?
Initial Start-Up Funding The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.
How much should you invest in a coffee shop?
A sit-down coffee shop typically costs between $80,000 and $275,000 to set up. 1. A large drive-through shop can cost between $80,000 and $200,000. A small kiosk may cost between $60,000 and $100,000.
Is a coffee shop a good business to start?
In short, coffee shops are extremely profitable due to the high profit margins and low cost of stock. Like any business, effective management of costs will ensure your café is a success.
What is the franchise fee for Dunkin Donuts?
Here is a breakdown and ranges of the financial requirements to open a Dunkin' franchise: Total investment range: $97,500 to $1.7 million. Initial franchise fee: $40,000 to $90,000 (varies by location) Net worth: $500,000 minimum.
Are scooters cheaper than Starbucks?
Starbucks is a bit more expensive than Scooters though because it is a more popular chain worldwide.
Who is the CEO of Scooters coffee?
CEO Todd GraeveScooter's Coffee CEO Todd Graeve gave the world an inside look into the company, his management style and even his early morning routine.
What does the scooters smile stand for?
Our co-founder, Linda Eckles, started it in 1998. She bought smiley face stickers and placed them on every drink she sold. It was her way to say, “Have an amazing day!” Since then, smiley face stickers have been a permanent part of the Scooter's Coffee identity and continue to be placed on every drink we sell.
Is Scooter a Nebraska thing?
An Overview: Scooter's Coffee since 1998 Started as a drive-thru coffeehouse in Bellevue, Nebraska, Don and Linda Eckles managed to create a multi-million dollar business from serving great tasting coffee to Nebraskans in 1998. After three years, Scooter's Coffee expands their business through franchising.
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Scooter's Coffee Franchise Review | FranchiseGrade.com
Franchise Facts How much does a Scooter's Coffee franchise cost? Scooter's Coffee has a franchise fee of up to $40,000, with a total initial investment range of $389,942 to $685,874.
How much does it cost to buy a Scooter's Coffeehouse franchise?
To buy a franchise with Scooter's Coffeehouse, you'll need to have at least $100,000 in liquid capital and a minimum net worth of $500,000. Franchisees can expect to make a total investment of at least $331,000 - $638,000. Scooter's Coffeehouse charges a franchise fee of $30,000. They also offer financing via 3rd party.
Where is Scooter's coffee located?
Our StoryFounded in 1998 by Don and Linda Eckles in Bellevue, Nebraska, Scooter's Coffee roasts only the finest coffee beans in the world at its headquarters in Omaha, Nebraska. In more than two decades of business, Scooter's Coffee's success is simple: stay committed to the original business principles and company core values.
Does Scooter's Coffee have a kiosk?
Scooter's Coffee is offering franchises for the right to own a quick service drive-thru coffee shop with kiosk only or in-store seating types, offering Drive-Thru, carry-out and in-store seating service of espresso-based specialty coffee drinks, smoothies, baked goods, and other items under the service mark "Scooter's Coffee." Learn more a now!
How many Scooter's Coffee franchises are there?
Scooter's Coffee was founded in 1998 and is based in Omaha, Nebraska. As of 2018, the company owns and operates 171 franchises in the United States.
How much money do you need to open a Scooter's Coffee?
In order to open a Scooter's Coffee franchise, you must have a net worth of more than $500,000. Appreciate the investment required for a drive-thru coffeehouse franchise. Evaluate your prior experience and strengths.
Background
Coffee is one of the world's most popular commodities and is a big business in the U.S. Americans some 400 million cups of coffee are consumed daily. If you are looking to get your piece of the booming specialty-coffee industry, then you should consider investing in the Scooter's Coffee franchise.
Support and Training Offered By Scooter's Coffee
Franchise owners can expect to complete the Scooter's University Training program about eight weeks before their location's opening. This program lasts for four weeks and takes place at the corporate headquarters in Omaha, Nebraska.
Franchises Similar to Scooter's Coffee
The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises.
How many Scooter's coffee locations are there in the US?
Nationwide trends indicate that consumers want easy access to specialty coffee and quality service. Approaching 400 locations in the U.S., Scooter’s Coffee provides customers with responsibly sourced coffee served up by an amazing team of people, all from a convenient 630 square foot drive-thru kiosk. Find out more about how to become a franchise owner with one of the fastest growing brands in the US.
How many drive-thru kiosks are open in 2020?
This information is based upon the top 31 of 126 Drive-Thru Kiosks that were open during the entire 2020 calendar year and provided complete information. Of these 31 Drive-Thru Kiosks that compile the top quartile: (1) 13 of them (or 42%) had an AUV that met or exceeded $993,790, (2) 13 of them (or 42%) had a Net Profit Margin that met or exceeded the average. and (3) 15 of them (or 48%) had an EBITDA that met or exceeded the average. Your results may differ. There is no assurance that you will sell or earn as much. See Item 19 of the FDD for more information.
Does Scooter's Coffee call you?
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. You do not need to consent as a condition of any purchase, and you can revoke consent at any time. You also agree to our Privacy Policy.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 238 franchised Scooter's Coffee locations in the USA.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
Is Scooter's coffee a franchise?
Scooter's Coffee is a Franchise Grade Made The Grade™ franchise , which means it's ranked highly by our analysts!
How long does it take to sign a franchise agreement with Scooter's Coffee?
You must sign the second and each subsequent Franchise Agreement under an MSD Agreement on the earlier of (i) 14 calendar days after Scooter’s Coffee’s written approval of a location for the Store to be operated thereunder and before you enter into any contract for the purchase or lease of the Store premises, and (ii) at least 9 months before you are required to open and commence operations of the Store.
What is the late fee for Scooter's coffee?
Purchases are from Scooter’s Coffee’s affiliate, Harvest Roasting. 11. Interest and Late Charges: $25 late charge, plus the lesser of 1 1/2% per month, or highest rate of interest allowed by law. Due Date: Late fee automatically assessed; interest on demand. Begins to accrue the day after payments are due.
How long does Scooter's Coffee have to give notice?
Scooter’s Coffee must give 60 days’ written notice to impose such a requirement.
What is the interest rate for inspection and audit fees?
14. Inspection and Audit Fee: interest on past due amount at 18%, or highest rate of interest allowed by law, plus costs of audit
How long do you have to use the credit for a store?
You must use this credit within one year from the date you open your Store. This credit may be granted only for your first Store.
Is Scooter's Coffee a franchise?
Scooter’s Coffee is a member of the International Franchise Association (“IFA”), and supports and participates in IFA’s VetFran Program. If you are an honorably discharged veteran who meets Scooter’s Coffee’s qualifications for new Scooter’s Coffee franchisees, you will receive a $20,000 product credit from Scooter’s Coffee’s affiliate, Harvest Roasting.
Is the opening support fee refundable?
The Initial Opening Support Fee is not refundable for any reason.
What is Scooter's franchise?
Franchise Description: Scooter’s Coffee, LLC, the franchisor, is offering franchises for the right to operate a quick service coffee store, offering drive-through, carry-out and in-store seating service of espresso drinks, smoothies, baked goods, and other items under the service mark “Scooter’s Coffee.” The following are the two main types of stores currently being offered:
How long does franchising training take?
Training Overview: Franchisees (or one of the principal owners) must attend a three-day franchise ownership training session in Omaha, Nebraska, which is referred to as immersion training. In addition, approximately six to eight weeks before franchisees open their store, they or one of their principal owners, their designated manager, and at least one additional individual the franchisor has approved must attend and complete to the franchisor’s satisfaction the operations training program. Operations training lasts approximately four weeks. Outside of certain exceptions, operations training is currently in Omaha, Nebraska. The franchisor will send a representative to provide opening assistance for approximately five days before franchisees open their first store, and for the first five days the store is open for business. Between one and four times per year, a principal owner or the designated manager (and the district manager, if any) may be required to attend, at the franchisee’s expense, a national, regional or local meeting, seminar or conference which the franchisor presents for the purpose of discussing a topic such as advertising programs, new operations methods, training, management, sales, or sales promotion. Franchisees must attend the franchisee conference each year.
What is franchise tax indemnification?
The franchisor may collect from franchisees the cost of all taxes arising from its licensing of intellectual property (such as the royalty fees) to them in the state where their store is located, as well as any assessment on fees and any other income the franchisor receives from franchisees.
How long is the franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is 10 years. There is an option to renew for one additional 10-year term, if requirements are met.
Can a Scooter's franchisee sell gift cards?
Franchisees may sell only those products and services approved by the franchisor and may not use the store or the franchised location for any purposes other than the operation of a Scooter’s Coffee store. Franchisees must sell all of the products and services approved by the franchisor, including gift cards and promotional items.
Does franchising guarantee franchisees?
The franchisor does not guarantee a franchisee’s note, lease or obligations. 6% of gross sales. 2% of gross sales. None currently, provided that the franchisor may require franchisees to spend up to 2% of gross sales for local marketing and advertising. None currently.
Does Coffeehouse have drive up windows?
Coffeehouse stores offer a drive-up window to service mobile customers, plus some inside seating to accommodate walk-in customers. The franchisor, under limited circumstances in the future, may offer individuals the right to operate a store in a non-traditional location.
How much liquid capital do you need to own Scooter's Coffee?
Anytown, USA. To qualify as a Scooter’s Coffee franchisee, you must have access to at least $100K liquid capital, meaning cash, including savings, or any assets that can be liquidated quickly. Just as important as having enough working capital is being motivated and passionate about the brand.
What is the most important aspect of a franchise?
One of the most important aspects of building any successful business, including a franchise, is understanding how to fund your business. With multiple financing options and lenders, you’ll need to spend some time figuring out which option is best for you.
