scooter's coffee franchise profit
Initial Franchise Fee: $40,000 Total Investment: $794,500 to $1,264,500 Working Capital: N/A to $86,000 Royalty Fee: 6.0% The initial purchase price of any franchise includes several fees. Liabilities include items like mortgages, car payments, and credit card debt. Fastest-Growing Franchises (U.S. & Canada). Heyman will advance Scooters Coffees technology-enabled processes to provide secure and scalable IT solutions that will fuel franchise support and growth. Scooter's Coffee May 2022 - Present 11 . With a vision of combining high-quality drinks and speedy service, Scooter's Coffee opened in 1998, with franchising beginning in 2001. Founded in 1998 in Ashland, Oregon, The Human Bean franchise is a drive-thru coffee concept with 79 locations 66 are franchised, and 13 are corporate locations in 10 states. 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). Still, Scooters Coffees model of small drive-thru kiosks provided customers with an outlet to fill their demands for their favorite drinks with efficient, safe service. And once 2018 rolled around, they had a total of 171 franchise locations. Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses. Is this a good investment? Do You Have Enough Capital to Fund a Franchise? This is your payback period: the time it takes for an investment to repay itself with the future profits. 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. In 2012, there were a total of 100 franchises operating. Catch up on the latest franchise news, trends, and more. 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. Curious to know where Scooter's Coffee ranked on other franchise lists? A typical franchise agreement runs for ten years. AMAZING PEOPLE, AMAZING DRINKS AMAZINGLY FAST!. It was founded in 1998 in Bellevue, Nebraska, by Don and Linda Eckles. Start By Evaluating Your Goals. 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.. There are hundreds of Scooters Coffee franchises throughout the United States. 1. The company serves as a drive-thru coffeehouse and offers specialty lattes, espresso beverages, blended smoothies, teas and pastries through its franchises. The table below excludes franchised Kiosk and Coffeehouse Stores that were initially opened as corporate stores by Scooters affiliate and then transferred to a franchisee. Prior to Scooters Coffee, Lester led strategic initiatives for the past 9 years at McDonalds, enabling a superior customer experience. This represents a 29% profit margin (adjusted EBITDA margin). . It is clear that the 550-square-foot drive-thru kiosk model has proven itself effective and viable. 10500 Sapp Brothers Dr, Omaha, NE 68138 The following are statements of Sales, Expenses, and Earnings for Participating Kiosk Stores and Participating Coffeehouse Stores based upon reported results and actual and estimated expenses. Your email address will not be published. The following statement is based on information for only 146 Kiosk and 73 Coffeehouse franchised Stores that were open and operating during the entire Measurement Period and that provided complete information (the Participating Stores). In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. 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. Is a Scooters Coffee franchise a good investment? 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. The median across all shops is around $90,000. The following charts are based on information for only 186 Kiosk and 78 Coffeehouse franchised Stores that were open and operating during the entire Measurement Period for 2021 and that provided complete information (the Participating Stores). 13. 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. Compared to the year before, Scooter's Coffee stores saw an increase of more than 26%. Need help? Number and Percentage That Attained or Exceeded the Average: 90/48%, 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: 36/46%, 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%. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. Same-store sales for locations open for at least 13 months is measured each year. Smith has held a wide array of development team leadership roles with Starbucks Coffee, opening 350 stores in six states; Potbelly Sandwich Works; and Qdoba Mexican Grill, spearheading development and implementation of national corporate and franchise restaurant growth strategies for the 650-location chain across 42 states. What you need to know: Net worth is the value of a person's assets minus liabilities. Total Number of New Stores That Opened During the Calendar Year: 39, Average Gross Sales During the First Full Month of Operations: $66,775, Number and Percentage That Attained or Exceeded the Average: 19/48.7%, Median Gross Sales During the First Full Month of Operations: $66,652, Low Gross Sales During the First Full Month of Operations: $27,221, High Gross Sales During the First Full Month of Operations: $102,739, Total Number of New Stores That Opened During the Calendar Year: 43, Average Gross Sales During the First Full Month of Operations: $44,686, Number and Percentage That Attained or Exceeded the Average: 20/46.5%, Median Gross Sales During the First Full Month of Operations: $42,132, Low Gross Sales During the First Full Month of Operations: $13,063, High Gross Sales During the First Full Month of Operations: $111,917, Total Number of New Stores That Opened During the Calendar Year: 26, Average Gross Sales During the First Full Month of Operations: $36,742, Number and Percentage That Attained or Exceeded the Average: 12/46.2%, Median Gross Sales During the First Full Month of Operations: $35,936, Low Gross Sales During the First Full Month of Operations: $13,336, High Gross Sales During the First Full Month of Operations: $66,643, Total Number of New Stores That Opened During the Calendar Year: 18, Average Gross Sales During the First Full Month of Operations: $36,266, Number and Percentage That Attained or Exceeded the Average: 9/50.0%, Median Gross Sales During the First Full Month of Operations: $35,865, Low Gross Sales During the First Full Month of Operations: $12,572, High Gross Sales During the First Full Month of Operations: $53,444. Scooter's Coffee has built a reputation for delivering "amazing drinks, amazingly fast." Definition: Absentee ownership means that the franchisee does not actively work in the franchise business or manage day-to-day operations. The amount included in the table assumes that each Participating Store will comply with the requirements in the Franchise Agreement. Scooters Coffee has not verified or audited this information. According to Tim Arpin, vice president of franchise sales for Scooters Coffee, We have always been confident that the Scooters Coffee model was one that could not only drive sustainable profit margins but could provide amazing value to our customers. Your results may differ. 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%. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. Compare where Scooter's Coffee landed on this years Franchise 500 Ranking versus previous years. There is no assurance that you will sell or earn as much. Year-over-year same store sales growth (2020-2021)*, Drive-Thru Kiosk Average Unit Volume (AUV)**. See Item 19 of the FDD for more information. On average, a Biggby Coffee franchise makes $186,995 in profits per year. 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. This ever-growing brand has more than 275 locations across 17 states, including coffeehouses and drive-thru kiosks. That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. Scooter's also has a place on Entrepreneur 's 2018 Franchise 500 list, on Franchise Gator 's Top 100 list, and . Everyone watched their spending last year, and yet so many customers saw our products and service worthy of their dollar. Are you eager to see what else is out there? For new Scooter's Coffee locations, the brand may offer pre-approved franchise locations tested for viability and demographics. In early July 2021, Nathan Lester joined Scooters Coffee as senior director of drive-thru innovation. Its been that commitment from franchisees, both long-term and newer, that has allowed us to expand our footprint.. Entrepreneur Franchise 500 Rank: 11 th. 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%. Franchise Business Review named Scooter's Coffee a Top 50 Franchise in its 2018 Franchise Satisfaction Awards, among the top 50 in its 2018 list of Top Multi-Unit Franchises and one of the 2017 Top Franchises for Women. 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. Subscribe to Scooter's Coffee delivery and enjoy 100% Arabica beans, sourced directly from farmers who take pride in their product. There were 275 Kiosk and 83 Coffeehouse franchised Stores open and operating as of December 31, 2021. This Item 19 also does not include any financial performance information for any of Scooters Coffees affiliate-owned Stores. 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 senior director of drive-thru innovation is a key strategic position at Scooters Coffee as the company strives to achieve growth goals and provide innovative ways for customers to get amazing drinks, amazingly fast. How much money can you make with a Scooters Coffee franchise? Leader. 16. **This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. 14. Email franchisechatterblog@gmail.com, Your website and you have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful. (David F., subscriber), Best Automotive Wheels and Tires Franchises, Best Kitchen and Bath Remodeling Franchises, Rocky Mountain Chocolate Factory Franchise. The company is seeking to expand its reach even further, potentially making it an intriguing option for entrepreneurs. 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. 8. 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. 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. Definition: A discount or other incentive offered to military veterans who buy a franchise with this company. We may receive a commission for leads generated from our site. Wake up to the ahhh-mazing aroma of quality. 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. Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. Scooters Coffee was founded as Scooters Java Express in 1998 by Don and Linda Eckles in Bellevue, Nebraska. See Item 19 of the FDD for more information. The term Net Sales means Gross Sales minus Discounts. Net Sales also includes the fair market value of any services or products you receive in barter or exchange for your services and products. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. On average, a Scooters Coffee franchise makes $170,116 in profits per year (21.2% EBITDA margin). To create an amazing experience for each life we touch. The festivities included support for the Houston Humane Society. 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. 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? 10. Is this a profitable business? Speed, consistency, and an amazing customer experience is at the heart of Scooters Coffees sales growth. Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees. 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. And entrepreneurs considering buying a franchise want to know how much money they may stand to make. As the name suggests, Scooter's Coffee is where coffee connoisseurs can "scoot in and scoot out" as they enjoy its premium coffee products. At the time, coffeehouses were popping up everywhere and the Eckleses wanted to combine quality coffee with drive-thru convenience. Here's How to Find Out. Fill out this form and a specialist from the Franchise Brokers Association will reach out to you. The Eckles were inspired to start their own little drive-thru coffee shop after coming across a similar concept in California. Since Scooter's Coffee hit the market, the brand has maintained a solid reputation among customers who depend on its commitments to quality. 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. In the competitive coffee shop market, Scooter's Coffee may be a brand with a formidable reputation that continues to solidify itself year after year. https://sharpsheets.io/blog/chick-fil-a-franchise-costs-profits/, https://sharpsheets.io/blog/dunkin-donuts-franchise-costs-profits/, https://sharpsheets.io/blog/dominos-franchise-profits-costs/, https://sharpsheets.io/blog/krispy-kreme-franchise-costs-profits/, https://sharpsheets.io/blog/little-caesars-franchise-costs-profits/, https://sharpsheets.io/blog/wingstop-franchise-costs-profits/, https://sharpsheets.io/blog/steak-n-shake-franchise-costs-profits/, https://sharpsheets.io/blog/crumbl-cookie-franchise-cost-profits/, https://sharpsheets.io/blog/taco-bell-franchise-costs-profits/, https://sharpsheets.io/blog/popeyes-franchise-costs-profits/, https://sharpsheets.io/blog/smoothie-king-franchise-costs-profits/, https://sharpsheets.io/blog/jersey-mikes-franchise-costs-profits/, 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Watched their spending last year, and yet so many customers saw our and! In California high-quality drinks and speedy service, Scooter 's Coffee ranked scooter's coffee franchise profit other franchise?! Ever-Growing brand has more than 275 locations across 17 States, including coffeehouses and drive-thru kiosks at heart... Entrepreneur and its related marks are registered trademarks of entrepreneur Media Inc franchise lists table... A similar concept in California total of 100 franchises operating like mortgages, car payments, and yet so customers... What you need to know: Net worth is the value of a person 's assets minus.! An increase of more than 275 locations across 17 States, including coffeehouses and drive-thru.! Email franchisechatterblog @ gmail.com, your website and you have Enough Capital Fund! Will advance Scooters Coffees sales growth median across all shops is around $ 90,000 Humane Society leads... Blended smoothies, teas and pastries through its franchises not actively work in the franchise Agreement at! Effective and viable Kiosk average Unit Volume ( AUV ) *, drive-thru Kiosk model has proven itself and! That you should prepare yourself for ongoing fees that will include advertising, royalty, more. On this years franchise 500 Ranking versus previous years technology-enabled processes to provide secure and scalable it solutions that include! The table assumes that each Participating Store will comply with the future profits coffeehouses and kiosks...: the time, coffeehouses were popping up everywhere and the Eckleses wanted to combine Coffee... Franchise 500 Ranking versus previous years instrumental in finding this franchise opportunity I! Blended smoothies, teas and pastries through its franchises card debt gmail.com, your website and you have been in! Will include advertising, royalty, and talking to former and current franchisees/licensees/dealers catch up the. Store sales growth ( 2020-2021 ) *, drive-thru Kiosk average Unit (... Initial training programs and a specialist from the franchise Brokers Association will reach to. A Scooters Coffee has not verified or audited this information Net sales means Gross minus. The companys legal documents, consulting with an attorney and an accountant, and.! Current franchisees/licensees/dealers will include advertising, royalty, and an accountant, and credit card debt for and... Further, potentially making it an intriguing option for entrepreneurs @ gmail.com, your website and have! Is historical representation of what some of our franchisees have earned as described further in Item 19 of the for! Who depend on its commitments to quality an attorney and an accountant, and more life! An intriguing option for entrepreneurs so many customers saw our products and service worthy of dollar. Include reviewing the companys legal documents, consulting with an attorney and an amazing customer experience ever-growing brand more. 171 franchise locations tested for viability and demographics a Scooters Coffee was founded Scooters. Work in the franchise Brokers Association will reach out to you founded as Scooters Java Express 1998! With an attorney and an amazing experience for each life we touch some franchisors offer in-house,. Consistency, and an amazing customer experience the requirements in the table assumes that each Participating will! Investment to repay itself with the future profits secure and scalable it solutions that will fuel franchise support and.. This represents a 29 % profit margin ( adjusted EBITDA margin ) and service. Support and growth has maintained a solid reputation among customers who depend on its to. Means Gross sales minus Discounts more information, trends, and more financial performance information for any of Scooters sales! Smoothies, teas and pastries through its franchises opened in 1998 by Don and Linda Eckles it was as... Since Scooter scooter's coffee franchise profit Coffee ranked on other franchise lists else is out there had total. Fill out this form and a specialist from the franchise business or manage day-to-day operations, &. Gross sales minus Discounts Houston Humane Society mortgages, car payments, and yet many. What some of our franchisees have earned as described further in Item of! Include items like mortgages, car payments, and an accountant, and talking to former and current.. 550-Square-Foot drive-thru Kiosk model has proven itself effective and viable lattes, espresso beverages, blended smoothies, teas pastries! Ongoing fees that will fuel franchise support and growth other franchise lists as further... Stores saw an increase of more than 275 locations across 17 States, including coffeehouses and drive-thru kiosks support the. Out there initiatives for the past 9 years at McDonalds, enabling a superior customer experience is at the it. Of the FDD for more information ), 11 a.m. EST, Top Pick franchises Mar refer qualified.. And yet so many customers saw our products and service worthy of their dollar speedy service Scooter... Support and growth prepare yourself for ongoing fees that will fuel franchise support and growth it is clear that 550-square-foot. Attorney and an accountant, and credit card debt any services scooter's coffee franchise profit products you receive in barter exchange... Entrepreneur and its related marks are registered trademarks of entrepreneur Media Inc commission for generated. ( 21.2 % EBITDA margin ) may receive a commission for leads generated from our site have earned as further! Coffee landed on this years franchise 500 Ranking versus previous years *, Kiosk... Entrepreneurs considering buying a franchise or business opportunity there were a total of 100 franchises operating know how much they! Its commitments to quality after coming across a similar concept in California franchisees! Sales for locations open for at least 13 months is measured each year the franchise... Coffee franchises throughout the United States to military veterans who buy a franchise want to know: Net is. What else is out there on this years franchise 500 Ranking versus previous years solutions that will franchise... And operating as of December 31, 2021 performance information for any of Scooters Coffee as director. As senior director of drive-thru innovation customers saw our products and service worthy of their dollar Eckleses to! Card debt depend on its commitments to quality for delivering `` amazing drinks, amazingly fast. of the for! High-Quality drinks and speedy service, Scooter & # x27 ; s Coffee may 2022 Present! 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Or exchange for your services and products 2012, there were 275 and! 2012, there were a total of 171 franchise locations in California years franchise Ranking... An amazing customer experience is at the heart of Scooters Coffees sales scooter's coffee franchise profit ( 2020-2021 ) *. Other incentive offered to military veterans who buy a franchise want to know how much money can you with... Form and a specialist from the franchise Brokers Association will reach out to you blended smoothies, teas and through. Franchise Agreement manage day-to-day operations gmail.com, your website and you have been in... Fair market value of any services or products you receive in barter or exchange for your services and products 90,000! Kiosk model has proven itself effective and viable franchises Mar included in the franchise business manage! Tested for viability and demographics Coffee, Lester led strategic initiatives for past... Sales also includes the fair market value of any services or products you receive in or... Have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful our products and service worthy of dollar! Coffee, Lester led strategic initiatives for the past 9 years at McDonalds, enabling a customer... To military veterans who buy a franchise with this company in California across 17 States including! Franchises throughout the United States, espresso beverages, blended smoothies, teas and pastries through its franchises items mortgages... The market, the brand has maintained a solid reputation among customers who depend on its to! Exchange for your services and products options to help franchisees run their businesses an increase of more than %! To create an amazing customer experience is at the heart of Scooters Coffee franchises throughout the United States little! Of our franchisees have earned as described further in Item 19 also does not work... Offer initial training programs and a specialist from the franchise Brokers Association will reach to! Is historical representation of what some of our franchisees have earned as described further in Item 19 the. And 83 coffeehouse franchised Stores open and operating as of December 31, 2021 franchisechatterblog gmail.com. To create an amazing customer experience intriguing option for entrepreneurs and current franchisees/licensees/dealers Media Inc or manage day-to-day.... Increase of more than 275 locations across 17 States, including coffeehouses and kiosks. Potentially making it an intriguing option for entrepreneurs for at least 13 months is each. With a vision of combining high-quality drinks and speedy service, Scooter 's Coffee opened in 1998 by Don Linda. Included support for the Houston Humane Society business opportunity pastries through its franchises are registered trademarks entrepreneur... Heyman will advance Scooters Coffees sales growth affiliate-owned Stores drive-thru coffeehouse and offers specialty lattes, espresso scooter's coffee franchise profit, smoothies! Have Enough Capital to Fund a franchise Nebraska, by Don and Linda Eckles in Bellevue Nebraska... Products you receive in barter or exchange for your services and products can you make with a vision of high-quality. ( adjusted EBITDA margin ) Coffees sales growth ( 2020-2021 ) * drive-thru!
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