There were 189 Kiosk and 77 Coffeehouse franchised Stores open and operating as of December 31, 2020. The term Gross Margin means the Net Sales minus the Cost of Goods Sold. Which Franchise Is Right for You? Scooters Coffee Continues Growing in Iowa, Scooters Franchise Owner Salary vs. Competition. Is a Scooters Coffee franchise a good investment? 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. The owner becomes an important part of the community and feels the satisfaction of serving great coffee and other items. **This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. **This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. 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. Potential profit from a Scooters Coffee franchise is well above the average for the industry. We care about the protection of your data. 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. The new Cold Brews are the company's first foray into the ready-to-drink coffee category and come in three initial varieties: 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. At the time, coffeehouses were popping up everywhere and the Eckleses wanted to combine quality coffee with drive-thru convenience. Scooter's Coffeehas been ranked in Entrepreneur's Franchise 500 multiple times in recent years. 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. 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%. 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. 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%. 12. Despite being one of the biggest names in coffee shop chains, with more than 31,200 stores globally, Starbucks Franchise does not fall into the discussion of attractive coffee franchises because Starbucks does not grant franchises so there is no opportunity for entrepreneurs to get involved. Scooter's Coffee started as a dream of Don and Linda Eckles, who believed that people need quality coffee served from convenient locations. All of the Stores whose data were used in the table above were open for at least 13 months during the measured period. 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/, https://sharpsheets.io/blog/little-caesars-franchise-costs-profits/, https://sharpsheets.io/blog/wingstop-franchise-costs-profits/, https://sharpsheets.io/blog/steak-n-shake-franchise-costs-profits/, https://sharpsheets.io/blog/crumbl-cookie-franchise-cost-profits/, https://sharpsheets.io/blog/taco-bell-franchise-costs-profits/, https://sharpsheets.io/blog/popeyes-franchise-costs-profits/, https://sharpsheets.io/blog/smoothie-king-franchise-costs-profits/, https://sharpsheets.io/blog/jersey-mikes-franchise-costs-profits/, https://sharpsheets.io/blog/nothing-bundt-cakes-franchise-costs-profits/, 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Scooters Coffee ranked No. Is this a profitable business? The first franchised store opened in Council Bluffs, Iowa. 5. 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. 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. 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. 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. Scooter's Coffee. 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. 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. The information presented in this Part 2 is based on information Participating Franchisees provided to Scooters Coffee. 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. The Initial Franchise Fee is due and paid by . How profitable is a Scooters Coffee franchise? Net Sales also includes the fair market value of any services or products you receive in barter or exchange for your services and products. The term Card Processing is the estimated cost of processing debit card, credit card, and gift card payments on Store sales. 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. Speed, consistency, and an amazing customer experience is at the heart of Scooters Coffees sales growth. 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. The term Labor Costs includes wages for in-store employees including the manager and payroll taxes, but does not include employee benefits. Scooter's Coffee's franchise fee matches Dunkin' Donuts franchise fee minimum of $40,000. Initiatives included voice-activated drive-thru capabilities, predictive production management, robotic/automated cooking equipment and more that drove better business efficiencies and performance. If a Store first opened mid-month, that partial month of initial operations is not included in the data below. 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. To celebrate 400 stores and the grand opening of the Katy location on April 22, customers who paid or scanned for loyalty on the Scooters Coffee mobile app received half off any drink. This is your payback period: the time it takes for an investment to repay itself with the future profits. Scooter's Coffee franchisees have two options for franchise models: our drive-thru kiosk model or a welcoming drive-thru coffeehouse model. Customers can stop at a Scooter's Coffee drive-thru and pick up quality coffee as they begin their day with a smile. What you need to know: Net worth is the value of a person's assets minus liabilities. Everyone watched their spending last year, and yet so many customers saw our products and service worthy of their dollar. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. 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. The past year threw so many challenges everyones way, especially in the foodservice industry. 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. Net Sales are measured by taking Gross Sales and subtracting customer discounts and refunds to customers. Get the guidance and support you need every step of the way (including funding ) from an experienced franchise broker at no cost to you. 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. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high. In Scooters Coffees experience, Card Processing costs an average 2.6% of Gross Sales, and Scooters Coffee has used this figure in calculating the estimated Card Processing expenses in the above charts. But our ability to pivot effectively and continue growing throughout the Midwest and beyond has truly excited our existing franchisees and prospective franchisees about what is possible going forward.. Your individual results may differ. Scooters Coffee started franchising in 2002 and is franchised by Scooters Coffee LLC, headquartered in Omaha, Nebraska. This ever-growing brand has more than 275 locations across 17 states, including coffeehouses and drive-thru kiosks. Find out below. 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). 5. while meeting budget expectations and achieving a $100,000 profit . The Store Manager is responsible for all staffing, sales, and operations in a Scooter's Coffee location. Do You Have Enough Capital to Fund a Franchise? Compared to the year before, Scooters Coffee stores saw an increase of more than 26%. Nov 2021 - Jun 20228 months. 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. In 2012, there were a total of 100 franchises operating. In Scooters Coffees experience, Card Processing costs an average 2.6% of Gross Sales, and Scooters Coffee has used this figure in calculating the Estimated Card Processing expenses in the above charts. 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. Definition: A discount or other incentive offered to military veterans who buy a franchise with this company. The initial investment for a Scooter's Coffee franchise is $120,000. And once 2018 rolled around, they had a total of 171 franchise locations. In this FDD Talk post, youll learn the following: 1. 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). 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