Got to live with the idea that Starbucks is not franchising because it only deals with biggies like Kroger and Safeway.Everywhere you go, there is a coffee shop. It is not therefore surprising to note that entrepreneurs ( whether newcomers or veterans) are excited to initiate ventures like these. Similarly, with this sensational popularity of coffee business is the phenomenal rise of coffee franchise business that requires a certain budget. The coffee franchise cost, however, requires a heavy capital and that makes the entire process so intimidating.
A startup capital of about $191,000 to $521,500 with additional $60,500 to $70,000 for marketing materials, inventory, and franchise fee are required in exchange for a quite meager margin of profit of about 10 to 15%. One can instead purchase a coffee franchise that will save one from all the hassles involved in starting a coffee shop business that entails an exorbitant amount.
SBC has put out for the call for more franchisees to expand their operations. And because a cup of coffee is 99% water, the news reports says that 20% profitability is quite feasible. This may range from 10,000 to a whooping 100,000 US dollars depending on the company. To cover all expenses including the purchasing of all necessary equipment and furniture, leasing and renovation of a space, licensing and fees, a total investment of about 185,000 to 400,000 US dollars may be required.
There are also plans to open franchises in hospitals and commercial and industrial buildings. Still, if there is a sufficient capitalization it would be better to go by a franchise as the name alone is enough to have a broad customer base.
Starbucks which is one of best names to go by, claims that theirs is not a franchise but instead offer a variety of coffee and tea programs or stores for a variety of markets. The process is tough, but it is all worth it. Starbucks has what it takes for a franchisee to succeed without qualms or question- superior customer service, product reliability and consistency and a name that is synonymous to success. Are you still contemplating and daunted by the huge coffee franchise cost? If you have enough bank balance and it is a name that spells success, then go for it!
A startup capital of about $191,000 to $521,500 with additional $60,500 to $70,000 for marketing materials, inventory, and franchise fee are required in exchange for a quite meager margin of profit of about 10 to 15%. One can instead purchase a coffee franchise that will save one from all the hassles involved in starting a coffee shop business that entails an exorbitant amount.
SBC has put out for the call for more franchisees to expand their operations. And because a cup of coffee is 99% water, the news reports says that 20% profitability is quite feasible. This may range from 10,000 to a whooping 100,000 US dollars depending on the company. To cover all expenses including the purchasing of all necessary equipment and furniture, leasing and renovation of a space, licensing and fees, a total investment of about 185,000 to 400,000 US dollars may be required.
There are also plans to open franchises in hospitals and commercial and industrial buildings. Still, if there is a sufficient capitalization it would be better to go by a franchise as the name alone is enough to have a broad customer base.
Starbucks which is one of best names to go by, claims that theirs is not a franchise but instead offer a variety of coffee and tea programs or stores for a variety of markets. The process is tough, but it is all worth it. Starbucks has what it takes for a franchisee to succeed without qualms or question- superior customer service, product reliability and consistency and a name that is synonymous to success. Are you still contemplating and daunted by the huge coffee franchise cost? If you have enough bank balance and it is a name that spells success, then go for it!
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