How much does a Scooter's Coffee franchise cost?
- Initial Franchise Fee: $40,000
- Total Investment: $389,942 to $685,874
- Working Capital: $10,000 to $30,000
- Royalty Fee: 6.0%
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 is a scooter franchise?
Scooter's Coffee Franchise Costs & FeesName of FeeLowInitial Franchise Fee$40,000Initial Grand Opening Support and Marketing Fee$15,000Site Concept Plan, Preliminary Due Diligence and Site Work$44,000Free Standing Building and Leasehold Improvements (not including the purchase of land)$264,0009 more rows
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 is a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
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.
How many Scooter's locations are there?
Approaching 500 locations across the U.S., Scooter's Coffee provides customers with responsibly sourced coffee served by amazing people, all from a convenient 664 square foot drive-thru kiosk. Learn more about how to become a franchise owner with one of the leading coffee brands in the nation.
What franchise makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
What is McDonald's franchise fee?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
How Much Is a Subway franchise?
The initial franchise fee ranges from $10,000 - $15,000* (US dollars) depending on your country.
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.
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.
How much is Tim Horton franchise?
How Much Does It Cost to Open a Tim Hortons?Name of FeeLowHighInitial Franchise Fee$25,000$50,000Real Estate Taxes, Personal Property Taxes and Common Area Maintenance Charges$1,000$70,000Equipment$20,000$435,000Real EstateVaries10 more rows•Jul 29, 2022
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.
Are scooters franchised?
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 ever-growing brand has more than 275 locations across 17 states, including coffeehouses and drive-thru kiosks.
Why does Scooter's put stickers on their cups?
In 1998, Linda Eckles bought happy face stickers and placed them on every drink she sold. It was her way to say, “Have an amazing day!” Customers loved the added touch so much they often commented on how it made their day a little more special.
How many scooter coffee locations are there?
Founded in 1998 by Don and Linda Eckles, Scooter's started as a single drive-thru coffee shop named “Scooter's Java Express” in Bellevue, Nebraska. Since then, Scooter's has rapidly expanded with more than 500 locations across the country, including six in Alabama: Cullman — 724 2nd Ave NW, Cullman, AL 35055.
What is the electric scooter franchise cost in 2022?
E-scooter franchise cost includes 2 payments: first payment and monthly subscription fee. First payment is $5000-7000, and and monthly subscription...
What factors influence electric scooter franchise cost?
The franchise cost is influenced by following factors: payment methods that need to be integrated into the software, number of scooters and their m...
What does a customer get from the electric scooter franchise?
The client gets individual settings up of the franchise software (unique design of Scooter Sharing App, customization of software functionality, th...
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.
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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 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 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 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
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.
Does Scooter's Coffee have a marketing fund?
The Marketing Contribution will be deposited into the Marketing Fund. Scooter’s Coffee’s affiliate-owned Stores will contribute the same as franchisee-owned Stores.
Does Scooter's Coffee charge development fees?
Scooter’s Coffee will apply the Development Fee you pay for each Store under the MSD Agreement toward the Initial Franchise Fees for the respective Store to be developed after the first one.
BusyFly Franchise Opportunities
We help our franchisees at all stages of business: we train them to work with the platform and equipment, provide operational support to your employees, provide round-the-clock technical support to your customers, provide marketing support and promotional materials.
How much does the (BRAND) franchise cost?
We have developed a unique system that adds flexibility to the use of the Busy Fly platform (you can create and combine tariffs by speed, time, power and distance).
BusyFly Franchise Advantages
We have developed a unique system that adds flexibility to the use of the BusyFly platform (you can create and combine tariffs by speed, time, capacity and distance).
How old do you have to be to drive a scooter?
Unlike the rental car businesses, individuals under the age of 25 are generally allowed to drive a scooter or rental cycle. The scooters and cycles are also available in less than 50 cc engines and thus, in most states, do not require any DMV registration or special insurance.
Can you attract customers who travel light and do not want to rent a car?
You Can Attract Customers Who Travel Light and Do Not Want To Rent a CAR!
For Coffeehouse Store
The franchisor offers a Multiple Store Development (MSD) Agreement to prospective franchisees seeking to open multiple stores.
For Kiosk Store
3. Free-Standing Building and Leasehold Improvements: $255,300 to $506,900 (not including the purchase of land)
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.
