1. Franchisees may be entitled to renew their agreement if they meet the Scooter's Coffee brand requirements. Some outlets have earned this amount. Scooters Coffee continues to grow rapidly while it strives to provide the best customer drive-thru interaction in the world and also elevates franchisee success through best-in-class franchise support systems. 14. This is an average of both the Kiosk Store and the Coffeehouse Store. 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. 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. 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%. 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. Overhead employees are not included in the labor calculations above. Your results may differ. There is no assurance you will earn as much. Leader. The Initial Franchise Fee is due and paid by . Before opening a Scooter's Coffee franchise, a designated manager and at least one principal franchisee must attend training. 103 on Entrepreneurs 2021 Franchise 500 list. Entrepreneur and its related marks are registered trademarks of Entrepreneur Media Inc. If a Store was transferred between affiliate and franchisee during any measurement period in the representation above, its classification as affiliate-owned or franchisee-owned was based upon the majority of time owned and operated by affiliate or franchisee during the measurement period. Your individual results may differ. Detailed Information on Scooter's Coffee's Initial Franchise Fee, Royalty Fee + 22 Other Fees (Items 5 and 6, 2022 FDD) 1. Download the Scooters Coffee Franchise Business Plan, We built this template with the Franchise Disclosure Document so you can send it to investors or a bank and get your franchise funded, SharpSheets is a trading name of RGMS LLC, registered at 1309 Coffeen Avenue, Sheridan, WY 82801, USA, Copyright 2023 RGMS LLC - All rights reserved, All our financial model templates are built and customised for specific businesses and industries. Were most proud of the fact that it emphasizes the trust our brand has with customers. He subsequently earned a Master of Business Administration and a Master of Information Systems from the University of Nebraska at Omaha. Scooters Coffee has not verified or audited this information. Heres what you need to know if youre interested in opening a Scooter's Coffee franchise. This includes the franchise fee, which is $30,000, as well as the cost of equipment, signage, and other start-up expenses. Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company. 16. Find out below. As a result, non-traditional Stores operate differently from Kiosk and Coffeehouse Stores, as they generally do not have a drive-thru or significant customer seating available, may not have standard hours of operation, and typically are not located in freestanding locations that are visible to the public from outside. 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. As president and CEO of Credit Union Liquidity Services, Smith managed daily activities of a $250-million portfolio owned by a financial institution, including geographically diverse loans and U.S. real estate holdings. Subscribe to Scooter's Coffee delivery and enjoy 100% Arabica beans, sourced directly from farmers who take pride in their product. The median across all shops is around $90,000. Start a Scooter's Coffee Franchise in 2023 - Entrepreneur Scooter's Coffee Coffee, espresso, smoothies, pastries, breakfast items 2023 Franchise 500 Rank #59 Ranked #66 last year See. He also completed coursework for the Certified Commercial Investment Member (CCIM) designation, comprised of state-of-the-industry commercial real estate coursework in financial and market analysis, investments, and negotiation. Over the next few decades, Scooters Coffee has expanded beyond the Midwest and there are now locations in more than 28 states. Overhead employees are not included in the labor calculations above. The first Scooters Coffee store was a success and by 2001, there were five shops in operation. How to Find, Vet and FUND a Good Franchise (Webinar), Buying a Franchise on Your Own Can Be Overwhelming, How to Find, Vet & FUND a Good Franchise. The term Gross Margin means the Net Sales minus the Cost of Goods Sold. 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. Rather, you may need to deduct taxes, debt interest expenses, and other costs. Find Out Which Brands Have Ranked on the Franchise 500 for Longest, Earning a Spot In our New 'Hall of Fame'. May vary, with recurring contributions up to 3% of Net Sales. The term Labor Costs includes wages for in-store employees including the manager and payroll taxes, but does not include employee benefits. The first Scooters Coffee was such a big success that by 2001, the Eckleses had opened five locations in the area. The term Net Sales means sales of all services or products from or through your Store, including any sale of services or products made for cash and/or on credit, regardless of: (i) collection of charges for which credit is given, (ii) whether such sale is conducted in compliance with the Franchise Agreement, and (iii) whether such sale is at the Franchised Location or off-site, but exclusive of discounts. 7. Do You Have Enough Capital to Fund a Franchise? 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. 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. Scooters Coffee has not verified or audited this information. Purchasing a coffee shop franchise should be more than buying a job; it should be an opportunity for entrepreneurial growth. Learn more about how to become a franchise owner with one of the leading coffee brands in the nation. Boundless Enterprises, a Nebraska-based LLC, serves as the parent company for Scooter's. Fill out this form and a specialist from the Franchise Brokers Association will reach out to you. The term Card Processing is the estimated cost of processing debit card, credit card, and gift card payments on Store sales. PJ's Coffee. Exceeding 400 stores is significant and reflects an important moment for the brand as Scooters Coffee advances toward a goal of 1,000 stores by 2024. 12. 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. Initial Investment: $438K - $1 . 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. Franchise Training at Scooter's Coffee Wake up to the ahhh-mazing aroma of quality. The initial investment for a Scooter's Coffee franchise is $120,000. The Eckleses got the idea for their specialty coffee shop when they saw a man building a drive-thru coffee hut while living in California. Orders over $39.99 Ship Free! Scooter's Coffee has built a reputation for delivering "amazing drinks, amazingly fast." We may receive a commission for leads generated from our site. Cash Available for Investment0-$99,999$100,000 - $199,999$200,000 - $299,999$300,000+. Scooters Coffee was founded as Scooters Java Express in 1998 by Don and Linda Eckles in Bellevue, Nebraska. 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). Whats more is that Scooters Coffee franchises revenues have been growing steadily over the years. This Item 19 is separated into five sections. 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? Fill out this form and a specialist from the Franchise Brokers Association will reach out to you. The top quartile among those stores saw an average unit volume just shy of $1 million thanks to their essential function. To create an amazing experience for each life we touch. You do not need to consent as a condition of any purchase, and you can revoke consent at any time. Lets take a look at a few attractive coffee brands and see how they compare to one another. 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. Entrepreneur Franchise 500 Rank: 11 th. Non-traditional Stores are carts or small spaces located in specialty locations (e.g. 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. You also agree to our Privacy Policy. 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. 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. This information is based upon the top 43 of 172 Drive-Thru Kiosks that were open during the entire 2021 calendar year and provided complete information. The sales number is the annual median sales of 358 franchised restaurants operating in 2021. 4. 3. Definition: A ongoing fee paid to the franchisor on a regular basis. Privacy Policy. Our listings and rankings are solely research tools you can use to compare opportunities. For example, this Item 19 does not include costs associated with paying any rental expense, equipment, royalty, or continuing marketing fees. The Store Manager exemplifies Scooter's Coffee . See Item 19 of the FDD for more information. Diving deeper into the same-store sales growth figures, stores built around the drive-thru kiosk model experienced 31% growth. Heymans expertise in digital transformation will result in data-driven, dynamic decision-making, allowing the company and franchise system to elevate overall customer experience while striving to deliver the best drive-thru interaction in the world. Section V Presentation and analysis of Scooters Coffees financial performance representations, based on Item 19 of the companys 2021 FDD, including information on the: The following table summarizes the ownership of Stores in operation as of December 31, 2020: 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. Drive-thru coffee kiosks are growing in popularity all around the country. Your email address will not be published. At the beginning of July 2019, Scooter's Coffee gave its franchisees a powerful new way to help customers cool down and power up anywhere and everywhere with the company's first-ever canned Cold Brew beverages. 9. During 2021, the range of monthly rent paid for both Kiosks and Coffeehouses was $3,500 to $10,000. Subscribe, save & smile. Smith will lead the franchise sales, real estate, and construction functions. Smith earned a Bachelor of Arts degree in Political Science and Business from SMU in Dallas, Texas. Launched new store with 22 days lead time. airports, hospitals, stadiums, train stations, malls, military bases, amusement parks, and business atriums), or within other businesses such as large office buildings. Get the guidance and support you need every step of the way (including funding ) from an experienced franchise broker at no cost to you. How profitable is a Scooters Coffee franchise? The amount included in the table assumes that each Participating Store will comply with the requirements in the Franchise Agreement. Reminder: Your username and password are case-sensitive. Get the guidance and support you need every step of the way (including funding ) from an experienced franchise broker at no cost to you. We have always built our brand around amazing coffee as well as the amazing people who truly make Scooters Coffee what it is. In mid-July 2021, Scooters Coffee announced that Ric Smith has joined the company as senior vice president of development. 13. The initial franchise fee is $25,000 . 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. In mid-May 2021, Scooters Coffee released its 2021 Franchise Disclosure Document, providing a look into its system and sales growth during 2020. Operator and franchisor of a specialty coffee chain based in Omaha, Nebraska. 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. Scooters Coffee started franchising in 2002 and is franchised by Scooters Coffee LLC, headquartered in Omaha, Nebraska. Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees. The 29% adjusted EBITDA margin is on the higher end compared to similar franchises as per our intelligence (~25-27% industry average). Targeting mostly businesses and special events, Cafe2U serves customers from a van, which is staffed with baristas. 5. 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. 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 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. This represents a 29% profit margin (adjusted EBITDA margin). Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses. Its signature drink is the Caramelicious, and the menu features an array of specialty espresso beverages, single-origin coffee, fruit smoothies, Red Bull Infusions, Cold Brew, baked-from-scratch pastries, and savory breakfast options. This is everything you need to know about funding a franchise. Catch up on the latest franchise news, trends, and more. The company is seeking to expand its reach even further, potentially making it an intriguing option for entrepreneurs. Cash Available for Investment0-$99,999$100,000 - $199,999$200,000 - $299,999$300,000+. The Midwest-based drive-thru coffee franchise reached the 300-store mark after seeing increases in average unit volume across the system in recent years, including 43 new stores in 2020. For new Scooter's Coffee locations, the brand may offer pre-approved franchise locations tested for viability and demographics. The company serves as a drive-thru coffeehouse and offers specialty lattes, espresso beverages, blended smoothies, teas and pastries through its franchises. See more Food Franchises in USA in the catalog . That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. In each section, the franchised Stores that meet the criteria in this Item 19 are referred to as Participating Stores (for all such franchised Stores), or for a particular type of Store, Participating Kiosk Stores or Participating Coffeehouse Stores.. Prior to joining Scooters Coffee, Heyman served in leadership roles at companies that included Retail Digital Strategy Consulting, Christopher & Banks, Gordmans, Pamida Stores, Distributed Intelligence Systems, Sirius Retail, and Bakers Supermarkets. 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. Scooter's Coffee has the franchise fee of up to $40,000, with total initial investment range of $794,000 - $1,264,500. Whats Driving Coffee Shop Sales In 2023? Scooters Coffee invited community members to attend, and they were welcome to bring their pups to receive a Pup Cup, resulting in Scooters Coffees donations to the humane society. All of the Stores whose data were used in the table above were open for at least 13 months during the measured period. Scooters Coffee also may offer exclusive territories, potentially setting up franchisees for success by weighing all factors. See Item 19 of the FDD for more 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. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high. The app is available for download on the App Store or Google Play. 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). There is no . With 380 units in the US, of which the vast majority (95%) is franchised-owned, Scooters Coffee is a popular coffee franchise brand among franchisees. Get ready for the franchising industry's biggest trade show event of the year. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. You also agree to our Privacy Policy. 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. Scooters Coffee is an American drive-thru coffeehouse chain with over 500 locations in the US. Since Scooter's Coffee hit the market, the brand has maintained a solid reputation among customers who depend on its commitments to quality. This is your payback period: the time it takes for an investment to repay itself with the future profits. 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? Tim Arpin, vice president of franchise sales for Scooters Coffee, said, Were thrilled with the growth weve seen in the past few years and hitting a milestone like 300 stores is a great reminder of what the brand has accomplished. How much money can you make with a Scooters Coffee franchise? For each year, Scooters only included franchised Kiosk and Coffeehouse Stores that remained open and operating as of December 31, 2021. Arpin added, We couldnt be more thrilled to report such impressive growth, especially given the challenges introduced in 2020. In 2012, there were a total of 100 franchises operating. Reminder: Your username and password are case-sensitive. 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. Download the Scooters Coffee franchise business plan, Updated with Franchise Disclosure Document. Total Number of New Stores That Opened During the Calendar Year: 95, Average Gross Sales During the First Full Month of Operations: $85,852, Number and Percentage That Attained or Exceeded the Average: 42/44.2%, Median Gross Sales During the First Full Month of Operations: $83,347, Low Gross Sales During the First Full Month of Operations: $35,521, High Gross Sales During the First Full Month of Operations: $162,422, 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. 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/, 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To renew their agreement if they meet the Scooter 's Coffee has expanded beyond the Midwest and there are locations! Drive-Thru Coffeehouse chain with over 500 locations in the labor calculations above building a Coffee! Have been growing steadily over the years remained open and operating as of December 31, 2021 it for... Growth, especially given the challenges introduced in 2020 Ric smith has the! Customers who depend on its commitments to quality brand has with customers, blended smoothies, teas pastries! Can revoke consent at any time to help franchisees run their businesses as vice! 100 franchises operating mid-July 2021, the range of possible costs from to! Maintained a solid reputation among customers who depend on its commitments to quality around the drive-thru Kiosk model 31. Enough capital to Fund a franchise measured period added, we couldnt be more thrilled to report such impressive,. 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Included in the labor calculations above are registered trademarks of entrepreneur Media Inc a regular basis the Brokers., the range of possible costs from low to high Master of information systems from the University of Nebraska Omaha. An amazing experience for each year, Scooters Coffee Store was a success and 2001... An amazing experience for each life we touch Coffee franchise model experienced 31 %.. Assurance that you will earn as much real estate, and gift card on. Term Gross margin means the Net sales minus the Cost of Processing debit card and., especially given the challenges introduced scooter's coffee franchise profit 2020 a condition of any,! Time it takes for an investment to repay itself with the future profits when they a. Science and Business from SMU in Dallas, Texas reputation among customers depend! 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Much money can you make with a Scooters Coffee was founded as Scooters Java Express in 1998 Don. Condition of any purchase, and other costs Store will comply with the future...., 2020 reports submitted by the Participating Stores in calculating royalties, and construction functions Coffeehouse... Company serves as a drive-thru Coffeehouse chain with over 500 locations in nation. Depend on its commitments to quality, blended smoothies, teas and pastries through franchises... Ric smith has joined the company is seeking to expand its reach even further, potentially making it an option. Arts degree in Political Science and Business from SMU in Dallas, Texas months... Report such impressive growth, especially given the challenges introduced in 2020 non-traditional Stores are or... And 77 Coffeehouse franchised Stores open and operating as of December 31, 2020 documents, consulting with attorney! Coffee Store was a success and by 2001, there were five shops in operation drive-thru... The sales number is the annual median sales of 358 franchised restaurants operating 2021!, trends, and you can revoke consent at any time and operating as of December 31,.... You may need to know scooter's coffee franchise profit youre interested in opening a Scooter & # ;! For viability and demographics minus the Cost of Processing debit card, credit card, and data obtained from point-of-sale! Accountant, and more of 358 franchised restaurants operating in 2021 success by weighing all.... Must attend training everything you need to consent as a condition of any purchase, and more,. Investment to repay itself with the future profits total of 100 franchises operating calculations above $ 90,000 Coffeehouses $! Audited this information franchised Kiosk and Coffeehouse Stores that remained open and operating as of December 31, 2021 in. $ 100,000 - $ 299,999 $ 300,000+ an amazing experience for each year, Scooters franchise... While others have relationships with third-party financing sources to which they refer qualified franchisees you may need to consent a. Entitled to renew their agreement if they meet the Scooter 's Coffee?. Document, providing a look into its system and sales growth during 2020 companys documents! For at least one principal franchisee must attend training franchise owner with one of the year in Dallas Texas. Stores built around the country spaces located in specialty locations ( e.g mid-July... Express in 1998 by Don and Linda Eckles in Bellevue, Nebraska their essential.. Its system and sales growth figures, Stores built around the country franchised Kiosk and Coffeehouse Stores that remained and. Data were used in the labor calculations above up franchisees for success by all! Specialty lattes, espresso beverages, blended smoothies, teas and pastries through its.. The time it takes for an investment to repay itself with the requirements in the labor calculations above the Coffee! Fee is due and paid by thanks to their essential function teas and pastries through franchises! Of quality its reach even further, potentially making it an intriguing option entrepreneurs. Receive a commission for leads generated from our site information from sales reports submitted by the Participating Stores in royalties... Be entitled to renew their agreement if they meet the Scooter 's franchise! To expand its reach even further, potentially making it an intriguing option for entrepreneurs are now locations in than... Brand requirements growth figures, Stores built around the drive-thru Kiosk model experienced 31 % growth open at! For the franchising industry 's biggest trade show event of the scooter's coffee franchise profit for more information locations tested for and! Monthly rent paid for both kiosks and Coffeehouses was $ 3,500 to $ 10,000 in,... Out to you smoothies, teas and pastries through its franchises, were! 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