If a Store first opened mid-month, that partial month of initial operations is not included in the data below. This Item 19 is separated into five sections. As part of your due diligence, you may want to speak to existing franchisees and ask the Scooter's Coffee franchising team questions. The term Net Sales means Gross Sales minus Discounts. AMAZING PEOPLE, AMAZING DRINKS AMAZINGLY FAST!. 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. Lester will lead innovation, speed acceleration and continuous improvement to enhance the interactive customer experience. 11. The term Overhead is the estimated costs of other expenses including business insurance, licenses, accounting fees, franchisor technology fees, banking fees, store supplies, service contracts, repairs, maintenance, uniforms, and other miscellaneous costs. 1. Founded in: 1998 Franchising since: 2001 Franchise units: 321 Initial investment: $512,400 - $860,600 Franchise Fee: $40,000 Royalty Fees: 6% Scooter's Coffee is a chain of coffee shops offering high quality coffee drinks and fast service. 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). Your results may differ. The first Scooters Coffee was such a big success that by 2001, the Eckleses had opened five locations in the area. 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. Speed, consistency, and an amazing customer experience is at the heart of Scooters Coffees sales growth. The Store Manager is responsible for all staffing, sales, and operations in a Scooter's Coffee location. Initial investments: $794,000 - $1,264,500 Net Worth Requirement: $500,000 Liquid Cash Requirement: $200,000 Estimated Initial Investment 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). We may receive a commission for leads generated from our site. The Human Bean presents total costs and average net profits exclusive of owner income and owner expenses, meaning owner travel expenses and owner use of a company car, the site states. Scooter's Coffee General Information. The Store Manager exemplifies Scooter's Coffee . Start By Evaluating Your Goals. See Item 19 of the FDD for more information. DESCRIPTION: The Store Manager is responsible for all staffing, sales, and operations in a Scooter's Coffee location. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. 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. The financial performance figures do not reflect all of the costs of sales, operating expenses, or other costs or expenses that must be deducted from net revenue or net sales figures to obtain your net income or profit. Initial Investment: $438K - $1 . To help celebrate this amazing day in Scooters Coffees franchise history, the Katy location debuted Scooters Coffees latest technologies and processes. This Item 19 is separated into five sections. We have always built our brand around amazing coffee as well as the amazing people who truly make Scooters Coffee what it is. Scooter's Coffee's franchise fee matches Dunkin' Donuts franchise fee minimum of $40,000. 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 2017 to 2020. And once 2018 rolled around, they had a total of 171 franchise locations. You also agree to our Privacy Policy. The term Earnings Before Depreciation, Interest, Taxes, and Debt Service is the estimated earnings before deductions for payments and costs of borrowing to finance the Initial Fees in Item 5, Initial Investment in Item 7, and ongoing investments in the Store and before deductions for depreciation on the Initial Fees in Item 5, Initial Investment in Item 7, and ongoing investments in the Store. When it comes to Scooter's Coffee, they have had a decent amount of growth since they began offering the franchise opportunity in 2001. 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. Scooters Coffee has not verified or audited this information. Rather, you may need to deduct taxes, debt interest expenses, and other costs. You also agree to our Privacy Policy. The sales number is the annual median sales of 358 franchised restaurants operating in 2021. All of the Stores whose data were used in the table above were open for at least 13 months during the measured period. The Eckles were inspired to open their own coffee shop while they were living in California where they witnessed the growth of the specialty coffee industry and drive-thru coffee concepts. 14. **This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. Whats Driving Coffee Shop Sales In 2023? Definition: The length of time your franchise agreement will last. See Item 19 of the FDD for more information. Find Out Which Brands Have Ranked on the Franchise 500 for Longest, Earning a Spot In our New 'Hall of Fame'. The top quartile among those stores saw an average unit volume just shy of $1 million thanks to their essential function. Year-over-year same store sales growth (2020-2021)*, Drive-Thru Kiosk Average Unit Volume (AUV)**. 4. Last updated on November 22, 2022 by Franchise Chatter Leave a Comment in Coffee Franchise, FDD Talk: Food Franchises, Franchise Earnings. For example, a Kiosk Store makes slightly less revenue than a Coffeehouse Store. 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. With the app, customers earn three Smiles for every dollar spent to collect toward free drinks for their loyalty. 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. Heyman will transform Scooters Coffees technology capability, allowing the company and brand to differentiate itself when providing best-in-class franchise support systems and elevating an amazing experience for its loyal and new customers. The remaining Kiosk and Coffeehouse franchised Stores open as of December 31, 2020 are not included in the statement below because they were not open during the entire Measurement Period or did not provide complete information requested. 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. Reminder: Your username and password are case-sensitive. Is this a profitable business? 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. 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? As the name suggests, Scooter's Coffee is where coffee connoisseurs can "scoot in and scoot out" as they enjoy its premium coffee products. 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. Mar. For each year, Scooters Coffee only included Kiosk and Coffeehouse Stores that were open and operating during the entire 12-month period ending December 31 of the calendar year identified (each a Measurement Period). This ever-growing brand has more than 275 locations across 17 states, including coffeehouses and drive-thru kiosks. Drive-thru coffee kiosks are growing in popularity all around the country. Last updated on August 29, 2022 by Franchise Chatter Leave a Comment in Coffee Franchise, FDD Talk: Food Franchises, Franchise Earnings. The company is seeking to expand its reach even further, potentially making it an intriguing option for entrepreneurs. Mar. The following table summarizes the ownership of Stores in operation as of December 31, 2021: This Item 19 does not include financial performance information for any of Scooters Coffees franchised nontraditional Stores as Scooters Coffee currently is not actively marketing non-traditional Stores, and they operate differently from Kiosk and Coffeehouse Stores. Whats more is that Scooters Coffee franchises revenues have been growing steadily over the years. Your email address will not be published. Showcasing what the future of Scooters Coffee will look like, the Katy site offers the first of many new features for the brand, including exterior digital menu boards, a dual-lane drive-thru, and much more. 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.. 17. 8. A typical franchise agreement runs for ten years. The same-store sales growth figures below show the change in the Net Sales (as defined above) earned by Participating Stores during the 2019-2020 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). Scooters Coffee has not verified or audited this information. Reminder: Your username and password are case-sensitive. Privacy Policy. Same-store sales growth compares net sales (gross sales minus discounts and refunds) in calendar year 2020 to net sales in calendar year 2021. Catch up on the latest franchise news, trends, and more. 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. There were 189 Kiosk and 77 Coffeehouse franchised Stores open and operating as of December 31, 2020. But, ultimately, a coffeehouse or drive-thru coffee kiosk is a business. 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? The term Average Customer Ticket means the total amount of Gross Sales during the Measurement Period, divided by the total amount of customer transactions. According to FranchiseChatter.com, a unit of The Human Bean yields average profits of at least $100,000 with a caveat. Scooters Coffee used information from sales reports submitted by the Participating Stores in calculating royalties, and data obtained from approved point-of-sale register systems. With more than 11,300 restaurants worldwide (more than 8,500 in the United States), Dunkin Donuts franchise certainly is among the best-known brands in coffee franchises. Your results may differ. 7. Compared to the year before, Scooter's Coffee stores saw an increase of more than 26%. This role builds and leads a friendly, service-oriented barista team, sets a high-energy work pace, drives sales, increases profit, and demonstrates an engaged management style. 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%. Here's How to Find Out. The Eckles were inspired to start their own little drive-thru coffee shop after coming across a similar concept in California. Heres what you need to know if youre interested in opening a Scooter's Coffee franchise. Targeting mostly businesses and special events, Cafe2U serves customers from a van, which is staffed with baristas. In addition, utilizing digital menu boards at this location allows us ample flexibility. Description. Subscribe, save & smile. 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. Heres what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business. Net Sales are measured by taking Gross Sales and subtracting customer discounts and refunds to customers. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems. This role builds and leads a friendly, service-oriented barista team, sets a high-energy work pace, drives sales, increases profit, and demonstrates an engaged . 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. Cash Available for Investment0-$99,999$100,000 - $199,999$200,000 - $299,999$300,000+. **This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. Scooters Coffee has not verified or audited this information. 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. The Houston Humane Society also had its mobile adoption unit onsite and pets available for adoption from 9 a.m. to 11 a.m. As a bonus, Scooters Coffee gave away pet bandanas to the first 400 customers of the day. Cash Available for Investment0-$99,999$100,000 - $199,999$200,000 - $299,999$300,000+. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. There were 275 Kiosk and 83 Coffeehouse franchised Stores open and operating as of December 31, 2021. 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. 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. Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company. 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. 15. The term Average Customer Ticket means the total amount of Gross Sales during the Measurement Period, divided by the total amount of customer transactions. This includes the franchise fee, which is $30,000, as well as the cost of equipment, signage, and other start-up expenses. Subscribe to Scooter's Coffee delivery and enjoy 100% Arabica beans, sourced directly from farmers who take pride in their product. Scooter's Coffee has the franchise fee of up to $40,000, with total initial investment range of $794,000 - $1,264,500. 1. Franchise Training at Scooter's Coffee In mid-May 2021, Scooters Coffee released its 2021 Franchise Disclosure Document, providing a look into its system and sales growth during 2020. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee. The franchise grew by almost 50 locations in 2020, while experiencing historic same-store sales growth. Indeed, despite its relatively small size, a Scooters Coffee restaurant makes $797,101 in turnover per year on average. The average profit for a small coffee cafe is 2.5 percent of gross sales. Of those franchised Stores, 172 Kiosk and 75 Coffeehouse Stores were open and operating during the entire 12-month period ending December 31, 2021 (the Measurement Period). 13. 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. 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 term Card Processing is the estimated cost of processing debit card, credit card, and gift card payments on Store sales. This is everything you need to know about funding a franchise. Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 96/52%, Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 66/47%, Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 50/50%, Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 43/51%, Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 35/45%, Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 32/43%, Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 29/47%, Number and Percentage That Attained or Exceeded (or Did Better Than) the Average: 28/52%. Table of Content Chapter 1: Global Coffee Franchises Industry Overview Chapter 3: Market Dynamics Chapter 4: Top Company Profiles Chapter 5: Global Coffee Franchises market Competition, by Players . In mid-May 2021, Scooter's Coffee released its 2021 Franchise Disclosure Document, providing a look into its system and sales growth during 2020. Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses. 10. In early July 2021, Nathan Lester joined Scooters Coffee as senior director of drive-thru innovation. Scooter's Coffee has built a reputation for delivering "amazing drinks, amazingly fast." Smith earned a Bachelor of Arts degree in Political Science and Business from SMU in Dallas, Texas. Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company. 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. Do You Have Enough Capital to Fund a Franchise? How much money can you make with a Scooters Coffee franchise? However, their liquid capital requirement is only $100,000 compared to Dunkin's $250,000 minimum. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Read our Franchise Winners, Survivors and Losers Last Year. The amount included in the table assumes that each Participating Store will comply with the requirements in the Franchise Agreement. 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. Franchisees will also need to meet the company's set net worth and liquid capital requirements. 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. Boundless Enterprises, a Nebraska-based LLC, serves as the parent company for Scooter's. The new Cold Brews are the company's first foray into the ready-to-drink coffee category and come in three initial varieties: These concepts continually rank as the top franchises in the coffee and tea industry. Earnings Before Depreciation, Interest, Taxes, and Debt Service: $170,116 (21.23%), Earnings Before Depreciation, Interest, Taxes, and Debt Service, Earnings Before Depreciation, Interest, Taxes, and Debt Service: $172,443 (19.48%), Your email address will not be published. Visit OwnAScooters.com today to learn more about joining the Scooters team and making your dreams a reality. There is no assurance you will earn as much. 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. This statement includes average Gross Sales of Participating Stores (both Participating Kiosk Stores and Participating Coffeehouse Stores) for each of calendar years 2014 to 2020. The term EBITDA is the estimated earnings before deductions for payments and costs of borrowing to finance the Initial Fees in Item 5, Initial Investment in Item 7, and ongoing investments in the Store and before deductions for depreciation on the Initial Fees in Item 5, Initial Investment in Item 7, and ongoing investments in the Store. See Item 19 of the FDD for more information. Launched new store with 22 days lead time. This information is based upon 217 locations that were open during the entire 2021 calendar year and provided complete information. Watch Our Webinar Live or the Recording Later, Find Good Franchises That Are Still AVAILABLE in Your Target Area (Free Tool), How Much Franchise Can You AFFORD? In 2012, there were a total of 100 franchises operating. Liabilities include items like mortgages, car payments, and credit card debt. At the beginning of August 2021, Scooters Coffee appointed Richard Heyman as chief information officer. On average, a Scooter's Coffee franchise makes $170,116 in profits per year (21.2% EBITDA margin). 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. Purchasing a coffee shop franchise should be more than buying a job; it should be an opportunity for entrepreneurial growth. We are excited to continue this innovation across all locations nationwide.. Scooters Coffee has not verified or audited this information. The initial franchise fee will start at $25,000-35,000, with additional expenses depending on the location and size of the shop. Scooters Coffee used information from sales reports submitted by the Participating Stores in calculating royalties, and data obtained from approved point-of-sale register systems. Scooter's also has a place on Entrepreneur 's 2018 Franchise 500 list, on Franchise Gator 's Top 100 list, and . There is no assurance that you will sell or earn as much. According to the latest FDD, startup costs vary based on the format of restaurant you choose: the Kiosk Store costs on average $794,500-$1,264,500, whereas a Coffeehouse store costs $666,500-$1,847,500 instead. Browse franchises that are similar to Scooter's Coffee. The amount included in the table assumes that each Participating Store will comply with the requirements in the Franchise Agreement. Franchise Chatter is reader-supported. Lets take a look at a few attractive coffee brands and see how they compare to one another. 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. In working across the retail spectrum, he brought a business focus to IT, making it a value-driver that resulted in significant growth for organizations. The term Labor Costs includes wages for in-store employees including the manager and payroll taxes, but does not include employee benefits. 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. 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%. Get the guidance and support you need every step of the way (including funding ) from an experienced franchise broker at no cost to you. Earnings Before Depreciation, Interest, Taxes, and Debt Service: $138,202 (21.3%), Earnings Before Depreciation, Interest, Taxes, and Debt Service, Earnings Before Depreciation, Interest, Taxes, and Debt Service: $112,737 (15.9%), Your email address will not be published. Make Scooters Coffee franchises revenues have been growing steadily over the years estimated! 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