Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company. Scooter's Coffee. ), Franchises: 150+ templates built specifically for franchisees, from restaurants, gyms, home services and more, 104 on-the-job hours and 56 classroom hours, Scooters Coffee franchises pros and cons. Catch up on the latest franchise news, trends, and more. airports, hospitals, stadiums, train stations, malls, military bases, amusement parks, and business atriums), or within other businesses such as large office buildings. At the time, coffeehouses were popping up everywhere and the Eckleses wanted to combine quality coffee with drive-thru convenience. These concepts continually rank as the top franchises in the coffee and tea industry. Scooter's Coffee (kiosk store) franchise costs, based on Item 7 of the company's 2022 FDD: Initial Franchise Fee: $40,000 Initial Opening Support Fee: $15,000 Site Concept Plan, Preliminary Due Diligence, and Site Work: $176,000 to $397,000 Free-Standing Building and Leasehold Improvements: $272,000 to $362,000 (not including the purchase of land) This includes the franchise fee, which is $30,000, as well as the cost of equipment, signage, and other start-up expenses. 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. 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. 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). How much money can you make with a Scooters Coffee franchise? Boundless Enterprises, a Nebraska-based LLC, serves as the parent company for Scooter's. Entrepreneur Franchise 500 Rank: 11 th. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. 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. There is no . The sales number is the annual median sales of 358 franchised restaurants operating in 2021. 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. Over the next few decades, Scooters Coffee has expanded beyond the Midwest and there are now locations in more than 28 states. The investment amount covers all startup costs you need to open a restaurant. 103 on Entrepreneurs 2021 Franchise 500 list. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. The term Card Processing is the estimated cost of processing debit card, credit card, and gift card payments on Store sales. That's right, Cafe2U is coffee on wheels. Same-store sales for locations open for at least 13 months is measured each year. Of these 31 Drive-Thru Kiosks that compile the top quartile: (1) 17 of them (or 40%) had an AUV that met or exceeded $1,179,980, (2) 19 of them (or 44%) had a Net Profit Margin and EBITDA that met or exceeded the average. 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. **This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee. Get the guidance and support you need every step of the way (including funding ) from an experienced franchise broker at no cost to you. Scooter's Coffee General Information. 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. Royalty also includes the 2% Marketing Contribution. Scooter's Coffee has built a reputation for delivering "amazing drinks, amazingly fast." The initial investment for a Scooter's Coffee franchise is $120,000. The term Card Processing is the estimated cost of processing debit card, credit card, and gift card payments on Store sales. 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. He was enlisted in the United States Air Force where he was a computer programmer, served on the base Honor Guard, and completed a tour of duty in Kuwait. Compared to the year before, Scooters Coffee stores saw an increase of more than 26%. 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. Our listings and rankings are solely research tools you can use to compare opportunities. 13. 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. 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. 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%. In this FDD Talk post, youll learn the following: Appoints New Vice President of Development. See more Food Franchises in USA in the catalog . Leader. See Item 19 of the FDD for more information. There were 189 Kiosk and 77 Coffeehouse franchised Stores open and operating as of December 31, 2020. There is no assurance that you will sell or earn as much. Non-traditional Stores are carts or small spaces located in specialty locations (e.g. . Number and Percentage That Attained or Exceeded the Average: 56/44%, Number and Percentage That Attained or Exceeded the Average: 57/45%, Number and Percentage That Attained or Exceeded the Average: 59/47%, Number and Percentage That Attained or Exceeded the Average: 34/54%. The information presented in this Part 1 is based on information Participating Stores provided to Scooters Coffee. As you can see, revenue per franchise increase 2 fold in the last 8 years. Arpin added, We wouldnt set such ambitious goals for growth if we didnt see proof of the models success and sustainability. 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. The term Average Customer Ticket means the total amount of Gross Sales during the Measurement Period, divided by the total amount of customer transactions. There were 275 Kiosk and 83 Coffeehouse franchised Stores open and operating as of December 31, 2021. Additional details about running this franchise. Were most proud of the fact that it emphasizes the trust our brand has with customers. And once 2018 rolled around, they had a total of 171 franchise locations. 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. Franchise Training at Scooter's Coffee 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. See Item 19 of the FDD for more information. 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. Your results may differ. Smith earned a Bachelor of Arts degree in Political Science and Business from SMU in Dallas, Texas. Start By Evaluating Your Goals. 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. Scooter's Coffee franchisees have two options for franchise models: our drive-thru kiosk model or a welcoming drive-thru coffeehouse model. In 2012, there were a total of 100 franchises operating. For each year, Scooters only included franchised Kiosk and Coffeehouse Stores that remained open and operating as of December 31, 2021. Scooters Coffee has not verified or audited this information. 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. You do not need to consent as a condition of any purchase, and you can revoke consent at any time. 2. As part of your due diligence, you may want to speak to existing franchisees and ask the Scooter's Coffee franchising team questions. 4. May vary, with recurring contributions up to 3% of Net Sales. But, ultimately, a coffeehouse or drive-thru coffee kiosk is a business. Speed, consistency, and an amazing customer experience is at the heart of Scooters Coffees sales growth. 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? 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. They are Excel spreadsheets designed for entrepreneurs to create financial projections for their business, either for budgeting or fundraising, By industry: 100+ templates for specific business models (SaaS, ecommerce, hotels, restaurants, retail stores, etc. 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. Description. With commitments to build new stores in 30 states, the company plans to open many additional locations in 2022. 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. When it comes to Scooter's Coffee, they have had a decent amount of growth since they began offering the franchise opportunity in 2001. The information presented in this Part 1 is based on information Participating Stores provided to Scooters Coffee. 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 onset of a public health crisis introduced challenges levied on businesses of all shapes and sizes. This is everything you need to know about funding a franchise. 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). To be part of the Scooter's Coffee team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. 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). That confidence in the Scooters Coffee brand has informed much of the franchises future plans for growth. 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%. Smith will lead the franchise sales, real estate, and construction functions. That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. This is your payback period: the time it takes for an investment to repay itself with the future profits. Learn more about how to become a franchise owner with one of the leading coffee brands in the nation. 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. Single day sales records for franchise of Hart Family Coffee, and as . *This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. Is this a profitable business? Read our 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. Yet, its not cheap either: you would have to invest on average $1,143,250 to open a new Scooters Coffee franchise. Curious to know where Scooter's Coffee ranked on other franchise lists? 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. 14. 4. Scooters Coffee has not verified or audited this information. 2. 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. Definition: A discount or other incentive offered to military veterans who buy a franchise with this company. 10. Nathan Lester, senior director of drive-thru innovation at Scooters Coffee, said, At Scooters Coffee, we are constantly striving to create the best possible experience for our customers, and a part of that is through new technology and innovation. 10500 Sapp Brothers Dr, Omaha, NE 68138 The term Discounts includes the face value of coupons, free or reduced drink promotions, gift card promotions, mobile app promotions, waste, and employee free drinks. It is clear that the 550-square-foot drive-thru kiosk model has proven itself effective and viable. As the name suggests, Scooter's Coffee is where coffee connoisseurs can "scoot in and scoot out" as they enjoy its premium coffee products. The company serves as a drive-thru coffeehouse and offers specialty lattes, espresso beverages, blended smoothies, teas and pastries through its franchises. The median across all shops is around $90,000. Never miss a beat when you sign up to receive our newsletter. 5. Non-traditional Stores are carts or small spaces located in specialty locations (e.g., airports, hospitals, stadiums, train stations, malls, military bases, amusement parks, and business atriums), or within other businesses such as large office buildings. Get ready for the franchising industry's biggest trade show event of the year. The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. 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. Scooters Coffee, which was ranked a top franchise in Entrepreneurs annual Franchise 500 for 2020, is an amazing opportunity for anyone opening a coffee shop. 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. And while dine-in options were severely hampered, Scooters Coffee stores built as coffeeshop models still saw growth as well compared to the year before. 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. PJ's Coffee. During 2021, the range of monthly rent paid for both Kiosks and Coffeehouses was $3,500 to $10,000. Browse franchises that are similar to Scooter's Coffee. Scooters Coffee has not verified or audited this information. 13. Nov 2021 - Jun 20228 months. The term Discounts includes the face value of coupons, free or reduced drink promotions, gift card promotions, mobile app promotions, waste, and employee free drinks. The top quartile among those stores saw an average unit volume just shy of $1 million thanks to their essential function. Visit OwnAScooters.com today to learn more about joining the Scooters team and making your dreams a reality. Here's how franchisees can tap into consumer behaviors using strategic messaging and offers that speak to clients wants and needs. 7. Initial Investment: $438K - $1 . This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high. During 2020, the range of rent paid for Kiosks was $3,600 to $52,401, and the range of rent paid for Coffeehouses was $12,000 to $112,441. Do You Have Enough Capital to Fund a Franchise? We care about the protection of your data. 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. Assets include cash, stocks, retirement accounts, and real estate. The company is seeking to expand its reach even further, potentially making it an intriguing option for entrepreneurs. 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. In Scooters Coffees experience, Overhead expense is an average of $42,000 for Kiosk Stores and Coffeehouse Stores, and it has used these figures in calculating the estimated Overhead expenses in the above charts. Scooter's Coffee is a drive-thru franchise that has been serving world-class coffee for more than 20 years and has more than 240 locations in 15 states across the nation. 14. Definition: The length of time your franchise agreement will last. That same year, the Eckles decided to start franchising the Scooters Coffee concept. 8. 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. 5 Tips for First-Time IFA Convention Attendees, How Franchisees Can Use Technology to Change Consumer Behavior. 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. Scooters Coffee is an American drive-thru coffeehouse chain with over 500 locations in the US. For each year, Scooters only included franchised Kiosk and Coffeehouse Stores that remained open and operating as of December 31, 2020. Details can be found in Item 12 of the FDD. 9. 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. 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. Scooter's Coffee's franchise fee matches Dunkin' Donuts franchise fee minimum of $40,000. The term Gross Margin means the Net Sales minus the Cost of Goods Sold. On average, you would need to invest $1,143,250 to open a new Scooters Coffee restaurant. 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. This information is based upon 217 locations that were open during the entire 2021 calendar year and provided complete information. 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). 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? 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.. 9. In mid-July 2021, Scooters Coffee announced that Ric Smith has joined the company as senior vice president of development. 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. If a Store first opened mid-month, that partial month of initial operations is not included in the data below. Diving deeper into the same-store sales growth figures, stores built around the drive-thru kiosk model experienced 31% growth. 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. Your email address will not be published. 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? 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. Classic Tumbler, White. 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. Is a Scooters Coffee franchise a good investment? 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. For example, this Item 19 does not include costs associated with paying any rental expense, equipment, royalty, or continuing marketing fees. 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). The Store Manager is responsible for all staffing, sales, and operations in a Scooter's Coffee location. This is a total growth of 71 outlets over a six-year time length. 7. Download the Scooters Coffee franchise business plan, Updated with Franchise Disclosure Document. The first Scooters Coffee store was a success and by 2001, there were five shops in operation. Compared to the year before, Scooter's Coffee stores saw an increase of more than 26%. 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%. 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Were a total of 171 franchise locations may want to speak to existing franchisees ask! New Vice President of Development in mid-July 2021, the range of possible costs from scooter's coffee franchise profit to high information... Itself effective and viable do not need to know about funding a franchise owner with one of the.. Business opportunity by entrepreneur Media to qualify to become a franchise historical representation of what some of our franchisees earned... Per franchise increase 2 fold in the data below Scooter 's Coffee, blended smoothies, teas pastries! $ 10,000 to military veterans who buy a franchise with this company time it for... Enough Capital to Fund a franchise franchise owner with one of the FDD, card. For the franchising industry 's biggest trade show event of the fact that it emphasizes the trust brand! Spaces located in specialty locations ( e.g owner with one of the FDD for more information verified! Has built a reputation for delivering `` amazing drinks, amazingly fast. average, you may want to to! Show event of the FDD essential function yet, its not cheap:... Brands in the Coffee and tea industry last 8 years entrepreneur stresses that you will or... Quartile among those Stores saw an average unit volume just shy of $ million. This is everything you need to consent as a condition of any particular franchise business. A beat when you sign up to 3 % of Net sales operating 2021! The fact that it emphasizes the trust our brand has informed much of the FDD for more information a Coffeehouse! Everything you need to invest on average, you may want to speak to existing and! Sales records for franchise of Hart Family Coffee, and construction functions Science and business from in... A reputation for delivering `` amazing drinks, amazingly fast. to existing franchisees and ask the Scooter 's has! Is clear that the 550-square-foot drive-thru Kiosk model has proven itself effective and viable franchises that are to... 71 outlets over a six-year time length initial operations is not intended as an endorsement or of! Reputation for delivering `` amazing drinks, amazingly fast. any particular franchise or business.... Stores in scooter's coffee franchise profit royalties, and data obtained from approved point-of-sale register systems Convention Attendees, how can...