There has never been a better time than now to join the Scooter's Coffee family! But, ultimately, a coffeehouse or drive-thru coffee kiosk is a business. 8. Last updated on August 29, 2022 by Franchise Chatter Leave a Comment in Coffee Franchise, FDD Talk: Food Franchises, Franchise Earnings. 66 on Entrepreneurs 2022 Franchise 500 list. The investment amount covers all startup costs you need to open a restaurant. There is no . Scooter's Coffee franchisees have two options for franchise models: our drive-thru kiosk model or a welcoming drive-thru coffeehouse model. 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. You also agree to our Privacy Policy. Subscribe, save & smile. This information is based upon 217 locations that were open during the entire 2021 calendar year and provided complete information. Your results may differ. **This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. The first franchised store opened in Council Bluffs, Iowa. Arpin added, We couldnt be more thrilled to report such impressive growth, especially given the challenges introduced in 2020. 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. You do not need to consent as a condition of any purchase, and you can revoke consent at any time. Is this a profitable business? The company is seeking to expand its reach even further, potentially making it an intriguing option for entrepreneurs. There is no assurance that you will sell or earn as much. There were 189 Kiosk and 77 Coffeehouse franchised Stores open and operating as of December 31, 2020. Use Our Free Financial Calculator, Franchise Costs: Detailed Estimates of Amazing Athletes Franchise Costs (2021 FDD), FDD Talk 2021: Hounds Town USA Franchise Review (Financial Performance Analysis, Costs, Fees, and More), Section I Background information on the Scooters Coffee franchise opportunity, including relevant news updates, Section II Estimated initial investment for a Scooters Coffee franchise, based on Item 7 of the companys 2021 FDD, Section III Initial franchise fee, royalty fee, marketing fee, and other fees for a Scooters Coffee franchise, based on Items 5 and 6 of the companys 2021 FDD, Section IV Number of franchised and company-owned Scooters Coffee outlets at the start of the year and the end of the year for 2018, 2019, and 2020, based on Item 20 of the companys 2021 FDD. For each year, Scooters only included franchised Kiosk and Coffeehouse Stores that remained open and operating as of December 31, 2021. More than 140 stores are currently slated to open by the end of 2021, with the long-term goal of reaching the 1,000-store milestone in 2024. Your results may differ. The term Card Processing is the estimated cost of processing debit card, credit card, and gift card payments on Store sales. Never miss a beat when you sign up to receive our newsletter. As the name suggests, Scooter's Coffee is where coffee connoisseurs can "scoot in and scoot out" as they enjoy its premium coffee products. Year-over-year same store sales growth (2020-2021)*, Drive-Thru Kiosk Average Unit Volume (AUV)**. It was founded in 1998 in Bellevue, Nebraska, by Don and Linda Eckles. Assets include cash, stocks, retirement accounts, and real estate. 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. 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: 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%. Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse. As part of your due diligence, you may want to speak to existing franchisees and ask the Scooter's Coffee franchising team questions. Whether youre just starting your research about the growing coffee franchise business, or youre ready to take the next steps toward owning your first Scooters Coffee franchise, we want to talk to you. Required fields are marked *, Previous post: Franchise Costs: Detailed Estimates of Amazing Athletes Franchise Costs (2021 FDD), Next post: FDD Talk 2021: Hounds Town USA Franchise Review (Financial Performance Analysis, Costs, Fees, and More), Is Franchising a Path for You? In mid-May 2021, Scooters Coffee released its 2021 Franchise Disclosure Document, providing a look into its system and sales growth during 2020. 6. Our listings and rankings are solely research tools you can use to compare opportunities. Drive-thru coffee kiosks are growing in popularity all around the country. As the senior vice president of development, Smiths experience and leadership will help underscore the companys commitment to achieving growth goals while providing innovative ways for customers to get amazing drinks, amazingly fast. At the time, coffeehouses were popping up everywhere and the Eckleses wanted to combine quality coffee with drive-thru convenience. The term Rental Expense includes the total amount of payments to the franchisees landlord, including base rent, common area maintenance, real estate taxes, and insurance. On grand opening day, the Katy location invited customers to bring their pups with them to enjoy a Pup Cup, a delicious mini cup of whipped cream. Scooter's Coffee Ranked a Top Franchise for Veterans by Entrepreneur Magazine 23 Jan, 2023 Press FOR IMMEDIATE RELEASE Contact: Mary Lindsaye Boyd 919 Marketing mboyd@919marketing.com 919-459-8160 Scooter's Coffee Ranked a Top Franchise for Veterans by [ Read More ] Scooter's Coffee Continues Growing in Texas 23 Jan, 2023 Press The Store Manager is responsible for all staffing, sales, and operations in a Scooter's Coffee location. Detailed Information on Scooter's Coffee's Initial Franchise Fee, Royalty Fee + 22 Other Fees (Items 5 and 6, 2022 FDD) 1. That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. With the app, customers earn three Smiles for every dollar spent to collect toward free drinks for their loyalty. Is this a good investment? There is no assurance that you will sell or earn as much. Whats Driving Coffee Shop Sales In 2023? Definition: The length of time your franchise agreement will last. The same-store sales growth figures below compare the Net Sales (as defined below) earned by Participating Stores over the course of a calendar year with the Net Sales earned by the same Stores during the prior calendar year. What you need to know: Net worth is the value of a person's assets minus liabilities. Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company. In this article were looking at Scooters Coffee from the perspective of its latest Franchise Disclosure Document to find out whether you should invest in this franchise. Scooter's Coffee franchise fees for 2023: Initial Investment: $794,000 - $1,264,500 Net Worth Requirement $500,000 Cash Requirement $200,000 Veterans incentive: Yes Royalty Fee 6% Financing options: Yes Initial Franchise Fee: $40,000 Is Scooter's Coffee a Semi Absentee Franchise with a Passive Ownership Opportunity? 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. Details can be found in Item 12 of the FDD. We care about the protection of your data. Launched new store with 22 days lead time. 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. Read our If a Store first opened mid-month, that partial month of initial operations is not included in the data below. Over the next few decades, Scooters continued to grow around the U.S. Today, there are Scooters Coffee shops across more than 23 states. 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. Approaching 500 locations across the U.S., Scooters Coffee provides customers with responsibly sourced coffee served by amazing people, all from a convenient 664 square foot drive-thru kiosk. Same-store sales for locations open for at least 13 months is measured each year. Get ready for the franchising industry's biggest trade show event of the year. The average profit for a small coffee cafe is 2.5 percent of gross sales. Franchise Chatter is reader-supported. The top quartile among those stores saw an average unit volume just shy of $1 million thanks to their essential function. Liabilities include items like mortgages, car payments, and credit card debt. Yet, this adjusted EBITDA does not mean you will earn 21.2% of the total revenue as the net profit. The onset of a public health crisis introduced challenges levied on businesses of all shapes and sizes. 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). 12. See Item 19 of the FDD for more information. Rather, you may need to deduct taxes, debt interest expenses, and other costs. The term Card Processing is the estimated cost of processing debit card, credit card, and gift card payments on Store sales. 7. Boundless Enterprises, a Nebraska-based LLC, serves as the parent company for Scooter's. The past year threw so many challenges everyones way, especially in the foodservice industry. Compare where Scooter's Coffee landed on this years Franchise 500 Ranking versus previous years. These brands have been the strongest for the longest. For every Pup Cup provided on April 22, the Katy location donated $2 to the Houston Humane Society. 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. Scooters Coffee understands customers want to interact with brands digitally. In Scooters Coffees experience, Overhead expense is an average of $30,000 for Kiosk Stores and $36,000 for Coffeehouse Stores, and it has used these figures in calculating the Estimated Overhead expenses in the above charts. Here are 7 affordable coffee franchises that made the list in Entrepreneur's Franchise 500 for 2022: Dunkin'. Definition: The initial fee paid to a franchisor to join their system. 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%. 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. 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). Read our If a Store first opened mid-month, that partial month of operations... And the Eckleses wanted to combine quality Coffee with drive-thru convenience its system and sales growth ( 2020-2021 ) *... Franchisee of this company the app, customers earn three Smiles for every dollar to. Unit Volume ( AUV ) * * time, coffeehouses were popping up everywhere and the wanted! Their essential function to their essential function all startup costs you need to open a restaurant EST... 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