Compared to the year before, Scooter's Coffee stores saw an increase of more than 26%. We care about the protection of your data. In addition, utilizing digital menu boards at this location allows us ample flexibility. This Item 19 also does not include any financial performance information for any of Scooters Coffees affiliate-owned Stores. This is an average of both the Kiosk Store and the Coffeehouse Store. Scooters Coffee is a drive-thru franchise company that has been serving world-class coffee for more than 20 years and is approaching 450 locations in 23 states across the nation. The top quartile among those stores saw an average unit volume just shy of $1 million thanks to their essential function. 12. Net Sales are measured by taking Gross Sales and subtracting customer discounts and refunds to customers. The amount included in the table assumes that each Participating Store will comply with the requirements in the Franchise Agreement. Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company. How much money can you make with a Scooters Coffee franchise? Overhead employees are not included in the labor calculations above. This includes the franchise fee, which is $30,000, as well as the cost of equipment, signage, and other start-up expenses. 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. Scooters Coffee ranked No. It takes on average 9.6 years to repay your investment if you were to open a new Scooters Coffee franchise. Scooter's Coffee started as a dream of Don and Linda Eckles, who believed that people need quality coffee served from convenient locations. Are you eager to see what else is out there? Scooter's Coffee has built a reputation for delivering "amazing drinks, amazingly fast." For the profits, we used net profits instead of EBITDA here, which we assume to be 15% of sales (which makes sense given EBITDA is around 21%, in line with similar restaurants). 6. 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%. Entrepreneur Franchise 500 Rank: 11 th. **This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. You do not need to consent as a condition of any purchase, and you can revoke consent at any time. Thats incredibly exciting for the brand, its franchisees, and those looking to join the Scooters Coffee family going forward., Nathan Lester to Lead Drive-Thru Innovation. Still, Scooters Coffees model of small drive-thru kiosks provided customers with an outlet to fill their demands for their favorite drinks with efficient, safe service. 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. 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. 8. 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 term Discounts includes the face value of coupons, free or reduced drink promotions, gift card promotions, mobile app promotions, waste, and employee free drinks. In mid-July 2021, Scooters Coffee announced that Ric Smith has joined the company as senior vice president of development. 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). 14. 10. This is your payback period: the time it takes for an investment to repay itself with the future profits. For a number of good reasons, many entrepreneurs opt to buy a franchise of a successful coffee concept rather than open as an independent. Yet, this adjusted EBITDA does not mean you will earn 21.2% of the total revenue as the net profit. Scooters Coffee has partnered with third-party financial lenders that may help qualified franchisees cover the costs of the franchise fee, startup cost, equipment, inventory, accounts receivable, payroll. Scooters Coffee was founded as Scooters Java Express in 1998 by Don and Linda Eckles in Bellevue, Nebraska. 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. 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. Heres what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business. Compare where Scooter's Coffee landed on this years Franchise 500 Ranking versus previous years. For each year, Scooters only included franchised Kiosk and Coffeehouse Stores that remained open and operating as of December 31, 2020. Scooters Coffee started franchising in 2002 and is franchised by Scooters Coffee LLC, headquartered in Omaha, Nebraska. 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. The first Scooters Coffee was such a big success that by 2001, the Eckleses had opened five locations in the area. 17. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. Before opening a Scooter's Coffee franchise, a designated manager and at least one principal franchisee must attend training. How do you narrow thousands of possibilities down to the one perfect franchise for you? 16. There is no assurance that you will sell or earn as much. The first Scooters Coffee store was a success and by 2001, there were five shops in operation. 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. 9. Additionally, you will need to have access to at least $50,000 in liquid capital to cover the costs of opening and operating the business. All of the Stores whose data were used in the table above were open for at least 13 months during the measured period. $19.99. The 29% adjusted EBITDA margin is on the higher end compared to similar franchises as per our intelligence (~25-27% industry average). Total Number of Open Franchised Outlets Whose Data Were Used: 145, Franchised Same-Store Sales Growth Over Prior Year: 23.83%, Number and Percentage of Outlets That Attained or Exceeded Average: 75/51.72%, Total Number of Open Franchised Outlets Whose Data Were Used: 72, Franchised Same-Store Sales Growth Over Prior Year: 25.21%, Number and Percentage of Outlets That Attained or Exceeded Average: 38/52.78%, Franchised Same-Store Sales Growth Over Prior Year: 24.32%. Read our 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. The franchise grew by almost 50 locations in 2020, while experiencing historic same-store sales 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. 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 term Average Customer Ticket means the total amount of Gross Sales during the Measurement Period, divided by the total amount of customer transactions. Need help? 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. 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. The franchise grew by almost 50 locations in 2020, while experiencing historic same-store sales growth. 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? For example, a Kiosk Store makes slightly less revenue than a Coffeehouse Store. 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). Never miss a beat when you sign up to receive our newsletter. In this FDD Talk post, youll learn the following: 1. 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. 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. Coffee, espresso, smoothies, pastries, breakfast items. 12. Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees. See Item 19 of the FDD for more information. This information is based upon 217 locations that were open during the entire 2021 calendar year and provided complete information. 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. The initial franchise fee will start at $25,000-35,000, with additional expenses depending on the location and size of the shop. 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. 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/, 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Leader. We may receive a commission for leads generated from our site. With commitments to build new stores in 30 states, the company plans to open many additional locations in 2022. PJ's Coffee. 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. 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. 2. 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. **This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. Same-store sales growth compares net sales (gross sales minus discounts and refunds) in calendar year 2020 to net sales in calendar year 2021. Franchisees will also need to meet the company's set net worth and liquid capital requirements. 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%. 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. 66 on Entrepreneurs 2022 Franchise 500 list. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee. 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. Why Drink Franchises are the Easiest Franchises to Own, Kim Ellis Joins Scooters Coffee as Chief Development Officer to Cultivate Franchisee Success as Company Continues Nationwide Expansion. 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. According to FranchiseChatter.com, a unit of The Human Bean yields average profits of at least $100,000 with a caveat. 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. Cash Available for Investment0-$99,999$100,000 - $199,999$200,000 - $299,999$300,000+. 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. On average, a Biggby Coffee franchise makes $186,995 in profits per year. Come Apply At iHeartCoffee, A Scooter's Coffee Franchise! Since Scooter's Coffee hit the market, the brand has maintained a solid reputation among customers who depend on its commitments to quality. 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%. There were 275 Kiosk and 83 Coffeehouse franchised Stores open and operating as of December 31, 2021. 5 Tips for First-Time IFA Convention Attendees, How Franchisees Can Use Technology to Change Consumer Behavior. Here's how franchisees can tap into consumer behaviors using strategic messaging and offers that speak to clients wants and needs. PJ's Coffee is definitely a franchise to consider for premium cold coffee drinks and delicious coffee. Launched new store with 22 days lead time. Scooter's Coffee has a franchise fee of up to $40,000, with a total upfront investment range from $794,500 to $1,264,500. The brand is known for its signature caramel coffee, smoothies, baked goods, espresso drinks, and other related foods. Visit OwnAScooters.com today to learn more about joining the Scooters team and making your dreams a reality. 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. It has a lot to offer with many locations, a high volume of unit sales, and strong company culture. 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). Detailed Information on Scooter's Coffee's Initial Franchise Fee, Royalty Fee + 22 Other Fees (Items 5 and 6, 2022 FDD) 1. During 2021, the range of monthly rent paid for both Kiosks and Coffeehouses was $3,500 to $10,000. Definition: The total amount necessary to begin operation of the franchise. Royalty also includes the 2% Marketing Contribution. 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. 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. 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. You also agree to our Privacy Policy. The Initial Franchise Fee for an individual Scooter's Coffee Store, regardless of the type of Store you purchase, is $40,000 for each Store. 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. Mar. This statement includes average Gross Sales of Participating Stores (both Participating Kiosk Stores and Participating Coffeehouse Stores) for each of calendar years 2014 to 2021. According to Career Bliss, a Dunkin Donuts franchisee tops out at around $124,000 a year, with the lowest-paid franchise owners earning $23,000. Some outlets have earned this amount. On average, a Scooter's Coffee franchise makes $170,116 in profits per year (21.2% EBITDA margin). 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. You also agree to our Privacy Policy. Katy is one of our first locations to offer a dual-lane drive-thru to really enhance the speed in which our customers are getting through the drive-thru from start to finish. Description. 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. Year-over-year same store sales growth (2020-2021)*, Drive-Thru Kiosk Average Unit Volume (AUV)**. Heres what you need to know if youre interested in opening a Scooter's Coffee franchise. On average, a Scooters Coffee franchise makes $170,116 in profits per year (21.2% EBITDA margin). Section V Presentation and analysis of Scooters Coffees financial performance representations (average revenues and/or profits), based on Item 19 of the companys 2022 FDD, including information on the: Section VI Key ratios, comparables, computations, and analyses for the Scooters Coffee franchise opportunity (, Site Concept Plan, Preliminary Due Diligence, and Site Work: $44,000 to $477,000, Free-Standing Building and Leasehold Improvements: $264,000 to $796,000 (not including the purchase of land), Architectural and Engineering Fees: $35,000 to $66,000, Equipment, Fixtures, and Furniture: $178,000 to $235,000, Point-of-Sale System and Software: $12,000 to $19,000, Initial Training (travel and living expenses): $5,000 to $8,000, Opening Inventory, Supplies, and Smallwares: $25,000 to $27,000, Additional Funds (3 months): $0 to $86,000, Total Estimated Scooters Coffee Franchise Costs (Coffeehouse Store): $666,500 to $1,847,500, 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), Architectural and Engineering Fees: $35,000 to $62,000, Equipment, Fixtures, and Furniture: $168,000 to $176,000, Total Estimated Scooters Coffee Franchise Costs (Kiosk Store): $794,500 to $1,264,500, Local Marketing and Advertising Commitment: none currently, although Scooters Coffee may require you to spend up to 2% of Net Sales for local marketing and advertising in the future. Only then you can pay yourself dividends. 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). 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. 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. That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. With a vision of combining high-quality drinks and speedy service, Scooter's Coffee opened in 1998, with franchising beginning in 2001. What you need to know: Net worth is the value of a person's assets minus liabilities. Royalty also includes the 2% Marketing Contribution. 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. There has never been a better time than now to join the Scooter's Coffee family! Don and Linda Eckles, who believed that people need quality Coffee from. Never been a better time than Now to Get Free Access to Recordings of both Webinars about joining Scooters! Franchisees will also need to meet the company as senior vice president of development to offer many! Stores saw an average unit volume just shy of $ 1 million thanks their. 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