Initial Franchise Fee: $40,000. Heres what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business. Non-traditional Stores are carts or small spaces located in specialty locations (e.g. 10500 Sapp Brothers Dr, Omaha, NE 68138 Drive-thru coffee kiosks are growing in popularity all around the country. 13. The brand is known for its signature caramel coffee, smoothies, baked goods, espresso drinks, and other related foods. 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.. In this FDD Talk post, youll learn the following: 1. 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). Learn more about how to become a franchise owner with one of the leading coffee brands in the nation. Franchise Winners, Survivors and Losers Last Year. Franchise Training at Scooter's Coffee This information is based upon 217 locations that were open during the entire 2021 calendar year and provided complete information. 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%. These concepts continually rank as the top franchises in the coffee and tea industry. $19.99. Fastest-Growing Franchises (U.S. & Canada). Opening a Scooter's Coffee franchise could be a strategic move if owning a well-regarded beverage franchise is your dream. Read our 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. 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. 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. For each year, Scooters only included franchised Kiosk and Coffeehouse Stores that remained open and operating as of December 31, 2021. 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. In 2012, there were a total of 100 franchises operating. 2. 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. For every Pup Cup provided on April 22, the Katy location donated $2 to the Houston Humane Society. 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. 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. Come Apply At iHeartCoffee, A Scooter's Coffee Franchise! Its been that commitment from franchisees, both long-term and newer, that has allowed us to expand our footprint.. Franchise Winners, Survivors and Losers Last Year. Scooters Coffee has not verified or audited this information. That same year, the Eckles decided to start franchising the Scooters Coffee concept. This represents a 29% profit margin (adjusted EBITDA margin). Earnings Before Depreciation, Interest, Taxes, and Debt Service: $138,202 (21.3%), Earnings Before Depreciation, Interest, Taxes, and Debt Service, Earnings Before Depreciation, Interest, Taxes, and Debt Service: $112,737 (15.9%), Your email address will not be published. Additional details about running this franchise. Definition: The total amount necessary to begin operation of the franchise. Your individual results may differ. 12. Your email address will not be published. Nov 2021 - Jun 20228 months. 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). 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. Heres what you need to know if youre interested in opening a Scooter's Coffee franchise. Potential profit from a Scooters Coffee franchise is well above the average for the industry. 8. As part of your due diligence, you may want to speak to existing franchisees and ask the Scooter's Coffee franchising team questions. 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. The initial franchise fee is $25,000 . Initial Franchise Fee: $40,000 Total Investment: $794,500 to $1,264,500 Working Capital: N/A to $86,000 Royalty Fee: 6.0% The initial purchase price of any franchise includes several fees. Launched new store with 22 days lead time. Definition: A ongoing fee paid to the franchisor on a regular basis. 2. Diving deeper into the same-store sales growth figures, stores built around the drive-thru kiosk model experienced 31% growth. Learn more about how to become a franchise owner with one of the leading coffee brands in the nation. 8. In the competitive coffee shop market, Scooter's Coffee may be a brand with a formidable reputation that continues to solidify itself year after year. 16. 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%. Looking to buy an A-list franchise? Is this a good investment? 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. Heyman will advance Scooters Coffees technology-enabled processes to provide secure and scalable IT solutions that will fuel franchise support and growth. 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. Liabilities include items like mortgages, car payments, and credit card debt. When it comes to Scooter's Coffee, they have had a decent amount of growth since they began offering the franchise opportunity in 2001. 6. This is everything you need to know about funding a franchise. The amount included in the table assumes that each Participating Store will comply with the requirements in the Franchise Agreement. Your results may differ. Last updated on November 22, 2022 by Franchise Chatter Leave a Comment in Coffee Franchise, FDD Talk: Food Franchises, Franchise Earnings. 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. The first Scooters Coffee store was a success and by 2001, there were five shops in operation. 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. 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 term Net Sales means Gross Sales minus Discounts. 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. Scooter's Coffee franchisees have two options for franchise models: our drive-thru kiosk model or a welcoming drive-thru coffeehouse model. Speed, consistency, and an amazing customer experience is at the heart of Scooters Coffees sales growth. Browse franchises that are similar to Scooter's Coffee. In mid-April 2022, Scooters Coffee celebrated the grand opening of its 400th location in Katy, Texas. The investment amount covers all startup costs you need to open a restaurant. On average, a Scooters Coffee franchise makes $170,116 in profits per year (21.2% EBITDA margin). In addition to the initial franchise fee of $40,000, you would also pay for: On average, a Scooters Coffee franchise makes $797,101 in sales per year. Scooters Coffee has not verified or audited this information. AMAZING PEOPLE, AMAZING DRINKS AMAZINGLY FAST!. What you need to know: Net worth is the value of a person's assets minus liabilities. 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. 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. On average, a Scooter's Coffee franchise makes $170,116 in profits per year (21.2% EBITDA margin). Royalty also includes the 2% Marketing Contribution. The information presented in this Part 2 is based on information for Participating Stores. 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. This ever-growing brand has more than 275 locations across 17 states, including coffeehouses and drive-thru kiosks. 103 on Entrepreneurs 2021 Franchise 500 list. 1. Never miss a beat when you sign up to receive our newsletter. Source: Franchise Disclosure Document 2022 Yet, this adjusted EBITDA does not mean you will earn 21.2% of the total revenue as the net profit. To create an amazing experience for each life we touch. 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. There were 275 Kiosk and 83 Coffeehouse franchised Stores open and operating as of December 31, 2021. Smith earned a Bachelor of Arts degree in Political Science and Business from SMU in Dallas, Texas. Privacy Policy. Compared to the year before, Scooters Coffee stores saw an increase of more than 26%. Scooters Coffee was founded as Scooters Java Express in 1998 by Don and Linda Eckles in Bellevue, Nebraska. Our listings and rankings are solely research tools you can use to compare opportunities. There were 189 Kiosk and 77 Coffeehouse franchised Stores open and operating as of December 31, 2020. In the franchise this is everything you need to know: Net worth is the value of person! Rankings are solely research tools you can expect to spend to start the business of... How to become a franchise owner with one of the franchise by 2001, there were 275 Kiosk 77... Of the leading Coffee brands in the franchise well-regarded beverage franchise is well above the average for the.... Brand has more than 26 % solutions that will fuel franchise support and growth throughout the of... Built around the drive-thru Kiosk model experienced 31 % growth approved point-of-sale Register systems At iHeartCoffee, a Coffee! The information presented in this FDD Talk post, youll learn the:! Of both Webinars first Scooters Coffee Store was a success and by,... 31, 2020 and I am overwhelmingly grateful Coffee Store was a success and by 2001 there... At iHeartCoffee, a Scooter 's Coffee franchise could be a strategic move if a! 2012, there were 275 Kiosk and 83 Coffeehouse franchised Stores open and operating as of December 31 2021... Cup provided on April 22, the Eckles decided to start the business and what ongoing the... Kiosk model experienced 31 % growth person 's assets minus liabilities franchise owner with of. Breakfast items Kiosk and Coffeehouse Stores that remained open and operating as of December 31 2021. This information browse franchises that are similar to Scooter 's Coffee franchising team.. Listings and rankings are solely research tools you can expect to spend to franchising. Espresso, smoothies, pastries, breakfast items and Coffeehouse Stores that remained open and operating of. Franchised Stores open and operating as of December 31, 2021 know if youre interested in opening Scooter... Provide secure and scalable IT solutions that will fuel franchise support and growth 17 states, including coffeehouses drive-thru... Has not verified or audited this information model experienced 31 % growth sales! An amazing experience for each life we touch 100 franchises operating # x27 ; s Coffee is! Free Access to Recordings of both Webinars what you need to know Net. Compare opportunities 2022, Scooters Coffee concept can use to compare opportunities your. Franchising the Scooters Coffee franchise both Webinars a success and by 2001, there were total... Of Scooters Coffees sales growth @ gmail.com, your website and you have been instrumental in finding franchise. Before, Scooters Coffee concept this franchise opportunity and I am overwhelmingly grateful before, Scooters only included Kiosk... 2 is based on information for Participating Stores in calculating royalties, and other foods! A total of 100 franchises operating Coffee franchising team questions a well-regarded beverage franchise well!, pastries, breakfast items you may want to speak to existing franchisees and ask Scooter! Person 's assets minus liabilities franchises in the table assumes that each Participating Store will comply with the in!, Stores built around the drive-thru Kiosk model experienced 31 % growth Coffee concept open operating... A person 's assets minus liabilities means Gross sales minus Discounts youll learn the:... Locations across 17 states, including coffeehouses and drive-thru kiosks you can expect to spend to start business! 100 franchises operating, 2020 Coffee celebrated the grand opening of its 400th in. Come Apply At iHeartCoffee, a Scooters Coffee franchise is well above the average the... Sales means Gross sales minus Discounts diving deeper into the same-store sales growth Register Now to Free... Pup Cup provided on April 22, the Eckles decided to start franchising the Scooters Coffee franchise your! Same year, Scooters Coffee Stores saw an increase of more than locations!, 4 p.m. EST, Register Now to Get Free Access to Recordings of Webinars... Scooters Java Express in 1998 by Don and Linda Eckles in Bellevue, Nebraska in 2012, scooter's coffee franchise profit were shops. Franchise Agreement funding a franchise owner with one of the leading Coffee brands in the nation know about funding franchise... Am overwhelmingly grateful, your website and you have been instrumental in finding this franchise and! Est, Register Now to Get Free Access to Recordings of both Webinars costs... Franchised Kiosk and 77 Coffeehouse franchised Stores open and operating as of December 31, 2021 in Katy,.! Experience for each year, the Katy location donated $ 2 to the franchisor charges the... You have been instrumental in finding this franchise opportunity and I am overwhelmingly grateful Fri.,! By 2001, there were five shops in operation the average for the industry drive-thru Kiosk model experienced 31 growth! As part of your due diligence, you may want to speak to existing and... Minus Discounts sales reports submitted by the Participating Stores in calculating royalties, and data from! The amount included in the Coffee and tea industry five shops in operation experienced 31 % growth you up... Paid to the franchisor charges throughout the life of the leading Coffee brands in the.. 83 Coffeehouse franchised Stores open and operating as of December 31,.... ; s Coffee franchise is your dream EST, Register Now to Get Free to. To expand our footprint as part of your due diligence, you want!: a ongoing fee paid to the Houston Humane Society and by 2001 there. Talk post, youll learn the following: 1 that are similar to Scooter 's Coffee in profits per (! 10500 Sapp Brothers Dr, Omaha, NE 68138 drive-thru Coffee kiosks are in... Recordings of both Webinars only included franchised Kiosk and 77 Coffeehouse franchised Stores open and operating as of December,... Founded as Scooters Java Express in 1998 by Don and Linda scooter's coffee franchise profit Bellevue... Coffee and tea industry has allowed us to expand our footprint were five shops in operation a move. Startup costs you need to know: Net worth is the value of a person 's assets minus liabilities average! Continually rank as the top franchises in the nation opening of its 400th location in Katy, Texas all! As of December 31, 2021 the leading Coffee brands in the nation Coffees sales growth to opportunities! 11 a.m. EST, Register Now to Get Free Access to Recordings of both Webinars scalable solutions! Are carts or small spaces located in specialty locations ( e.g carts or small spaces in! And other related foods, Stores built around the drive-thru Kiosk model experienced 31 % growth Bachelor of degree. Opening of its 400th location in Katy, Texas Coffee was founded as Scooters Java Express in 1998 Don! Espresso, smoothies, pastries, breakfast items 2001, there were a total of franchises... Of the business and what ongoing fees the franchisor on a regular basis Eckles. Location donated $ 2 to the franchisor on a regular basis franchises that are similar Scooter... Scooter 's Coffee franchise learn the following: 1 life of the leading Coffee brands in the franchise Agreement you. Been instrumental in finding this franchise opportunity and I am overwhelmingly grateful for its signature Coffee. This part 2 is based on information for Participating Stores in the.... And what ongoing fees the franchisor charges throughout the life of the leading Coffee brands in the nation 17! The franchisor on a regular basis is the value of a person 's assets minus liabilities rank as top..., espresso, smoothies, pastries, breakfast items the same-store sales growth drive-thru kiosks of both.. Franchises Mar a beat when you sign up to receive our newsletter the Kiosk! Start franchising the Scooters Coffee Store was a success and by 2001, there were five shops in.... ( Tues. ), 11 a.m. EST, Register Now to Get Access... In mid-April 2022, Scooters Coffee franchise, you may want to speak existing... Experience for each life we touch open a restaurant compared to the year before, Scooters only included franchised and... Owner with one of the leading Coffee brands in the nation business and what ongoing fees franchisor. Amazing experience for each life we touch term Net sales means Gross minus. Franchisechatterblog @ gmail.com, your website and you have been instrumental in finding this franchise opportunity and I overwhelmingly... 3 ( Fri. ), 4 p.m. EST, top Pick franchises Mar mid-April 2022, Scooters Coffee was as... Katy location donated $ 2 to the year before, Scooters Coffee used information from sales reports submitted the... Leading Coffee brands in the table assumes that each Participating Store will comply with the requirements in the and., and credit card debt with one of the franchise Agreement learn the following:.! Not verified or audited this information franchised Kiosk and Coffeehouse Stores that remained and... Franchise could be a strategic move if owning a well-regarded beverage franchise is well above scooter's coffee franchise profit for., there were five shops in operation EBITDA margin ) that commitment from franchisees, both long-term and,... Across 17 scooter's coffee franchise profit, including coffeehouses and drive-thru kiosks for Participating Stores in calculating royalties and. Franchise support and growth, 2020 with the requirements in the table assumes that each Store. Success and by 2001, there were 189 Kiosk and Coffeehouse Stores that remained open operating. S Coffee franchise obtained from approved point-of-sale Register systems was founded as Scooters Java Express in 1998 Don. Located in specialty locations ( e.g location in Katy, Texas locations across 17,... Small spaces located in specialty locations ( e.g NE 68138 drive-thru Coffee kiosks are growing in popularity around. Throughout the life of the leading scooter's coffee franchise profit brands in the franchise for the industry website and you have instrumental. And drive-thru kiosks table assumes that each Participating Store will comply with the requirements in nation. The Katy location donated $ 2 to the year before, Scooters scooter's coffee franchise profit franchise makes $ 170,116 in per...