How much does a BIGGBY COFFEE franchise cost?
- Initial Franchise Fee: $20,000
- Total Investment: $189,550 to $378,600
- Working Capital: $5,000 to $40,000
- Royalty Fee: 6.0%
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How much does Biggby Coffee franchise cost?
Biggby Coffee has the franchise fee of up to $20,000, with total initial investment range of $189,550 to $378,600.
How many Biggby coffees are there?
Founded March 1995 as Beaner's by Bob Fish and Mary Roszel, the company changed its name to Biggby Coffee in late 2007. As of 2018, the company owns and operates 231 franchises in the United States.
Where is Biggby Coffee located?
Biggby Coffee is a privately owned coffee franchise business based in East Lansing, Mich igan. Founded March 1995 as Beaner's by Bob Fish and Mary Roszel, the company changed its name to Biggby Coffee in late 2007. As of 2018, the company owns and operates 231 franchises in the United States.
Background
Coffee is one of the world's most beloved and important commodities. The coffee shop industry is worth $47.5 billion. If you are looking to get your piece of this billion dollar industry, then the Biggby Coffee franchise could be for you.
Support and Training Offered By Biggby Coffee
In terms of support and training, franchise owners can expect assistance with site selection and buildout; initial hands-on training for several days at the franchise's corporate headquarters; marketing support; and ongoing support after the location's opening.
Franchises Similar to Biggby 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.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
How long does a franchise last?
Definition: The length of time your franchise agreement will last. 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.
What is 3% advertising fee?
3%. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. 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.
What is franchise investment?
Definition: The total amount necessary to begin operation of the franchise. 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.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
How much does a BIGGBY COFFEE franchise make?
Franchise revenue and profits depend on a number of unique variables, including local demand for your product, labor costs, commercial lease rates and several other factors. We can help you figure out how much money you can make by reviewing your specific situation. Please unlock this franchise for more information.
What is Biggby Coffee?
Biggby Coffee is a neighborhood cafe with offerings that include espresso-based beverages, coffee, tea, other beverages, sandwiches, baked goods, and other food, whole bean coffee, merchandise, and coffee accessories.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 239 franchised BIGGBY COFFEE locations in the USA.
Who is the franchisee of Biggby Coffee?
Franchise Description: The franchisor is Global Orange Development, LLC. The Biggby Coffee franchise is a community coffee shop with offerings that include espresso-based beverages, coffee, tea, energy beverages, other beverages, sandwiches, baked goods, and other food, whole bean coffee including farm direct options, merchandise and coffee accessories. The franchise will generally be operated from either a free-standing, store front or strip center location or a modular pre-fabricated structure.
How long do you have to be the franchise manager?
If this is the franchisee’s first store, and depending on his or her prior business experience, at least one of the persons designated in the Franchise Agreement, may be required to be the designated manager of the franchise business for up to one year after beginning operation.
Do franchisees have to be under direct supervision?
As long as franchisees provide their services from their franchise location, they are not limited in the area from which they may draw their customers. Obligations and Restrictions: The franchise business must, at all times, be under the direct supervision of a manager (the designated manager).
Do franchisees have to have a specific territory?
Territory Granted: Franchisees must operate the franchise business only from a specific location, which will be designated. Franchisees will not receive an exclusive territory. Franchisees may face competition from other franchisees, from outlets that owned by the franchisor, or from other channels of distribution or competitive brands that the franchisor controls. Franchisees are not granted a minimum or maximum territory in which to operate the franchise business. As long as franchisees provide their services from their franchise location, they are not limited in the area from which they may draw their customers.
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Does a franchisor offer financing for a modular building?
Except as provided above, the franchisor does not offer direct or indirect financing for the franchise. The franchisor does not guaranty any of a franchisee’s notes, leases or other obligations.
