The Best Coffee Franchises – Financially Viable Winners
Thinking about a Coffee Franchise?
Coffee is an essential part of the morning routine. Coffee franchises are a great way to start your own coffee shop business, but you’ll want to be sure of the total investment before spending money on a location.
In this blog post, we take a look at the best coffee franchises and whether they will be financially viable post-pandemic.
Benefits of Investing in a Franchise
Shared Expansion Costs
Investing in a franchise allows for shared expansion costs between the franchisor and franchisees, enabling faster market expansion and the establishment of a stronger market presence.1
Established Brand and Market Presence
Franchises offer the benefit of an established brand and market longevity, providing immediate brand recognition by consumers and attracting prospective customers.2
Training and Support
Franchisors provide training and support to franchisees, helping them navigate the business operations and ensuring consistent delivery of high-quality services.3
Rapid Network Growth
Franchisors benefit from rapid network growth with a minimum level of capital investment, leveraging the efforts and investments of franchisees.4
Access to Proven Concept and System
Franchisees gain access to a proven business concept and system, reducing the risks associated with starting a new business from scratch.5
Marketing and Advertising Support
Franchise systems often provide marketing and advertising support, leveraging collective resources to promote the brand and attract customers.6
Ongoing Research and Development
Franchisors invest in ongoing research and development to improve the franchise system, products, and services, benefiting franchisees with continuous innovation.7
Established Supplier Relationships
Franchises often have established supplier relationships, allowing franchisees to benefit from negotiated pricing, reliable supply chains, and economies of scale.8
Peer Support and Networking
Franchisees can benefit from peer support and networking opportunities within the franchise network, sharing experiences, best practices, and knowledge.9
Higher Success Rates
Franchises generally have higher success rates compared to independent startups, as they operate within a proven business model and benefit from the support and resources provided by the franchisor.10
It is important for potential franchisees to thoroughly research and evaluate franchise opportunities, considering factors such as the reputation of the franchisor, the terms of the franchise agreement, and the ongoing support provided.
Do coffee franchises make money?
Coffee Franchises can be a great opportunity but you need to do your research and choose the best coffee franchise for you. So no matter what happens we will still want our daily cup of Joe! Coffee sales may drop during times of crisis but the demand for beverages will always come back afterwards.
Coffee is something that everyone needs, so it’s one of the top choices for franchises during a pandemic or other crisis because people will still want to go out to coffee kiosks and buy a specialty coffee even if they aren’t going anywhere else. Site selection is important and remember, coffee can be sold anywhere from airports, drive-thru or even in the park or street corner, you can have a coffee house of any size of square feet and in any location!
What is the best coffee franchise?
Coffee franchises offer the opportunity to work in this exciting industry while learning from experienced professionals who will help you become successful. Coffee shop owners generally have more control over their business, and they aren’t expected to make difficult decisions about company policies or marketing strategies on a daily basis like some restaurant owners.
As with any franchise, the franchisees have to pay franchise fees on the gross sales which pay for all the support and brand power which you get right from the outset, long before opening day!
What is the best coffee franchise? Financially Viable Winners
There are many benefits to starting your own Coffee Business, for example; support, a profitable business model and the ability to build your Coffee Businessfrom one store into a household name.
But which one to choose?
Costa Coffee
It’s hard to go wrong with the Coffee Business Costa Coffee, who have over 800 coffee shops in the UK and Ireland alone.
Partnering up with Coffee Business Costa Coffee is a great way of taking advantage of their marketing power and support system. With an established market share they are also one of the most profitable franchises on our list . Coffee Franchise Costa Coffee also offers great training and support for franchise owners.
Starbucks
If you are looking to start your Coffee Franchise in the United States then it’s hard to look past Coffee Franchise Starbucks, who have over 23 thousand coffee shops worldwide! They offer an excellent range of coffee blends and products from pastries to sandwiches that can boost your net worth significantly. Coffee Franchise Starbucks offers great training for new barristas and support for franchise owners.
Dunkin’ Donuts Coffee
Coffee Business Dunkin’ Donuts are one of the most established Coffee Franchises in America, having over 15 thousand coffee shops open worldwide. Coffee Business Dunkin’ Donuts offer a great product with their unique blend of Coffee and donuts . Coffee Franchise Dunkin’ also offers excellent marketing opportunities to franchise owners . Coffee Franchise Dunkin’ Donuts also offer great training and support for franchise owners.
Caribou Coffee Coffee
Coffee Franchise Caribou Coffee has been around for over 40 years, with a large collection of Coffee Shops across the US and Canada. Coffee Business Caribou Coffee offers excellent training and support to franchise owners as well as an established market share. They also offer great marketing opportunities. Coffee Business Caribou Coffee is one of the more expensive Coffee Franchises on our list but it’s well worth the investment.
Cafe Nero
Another Coffee Franchise with more than 800 shops in the United Kingdom, Coffee Franchise Cafe Nero is a great choice for anyone looking to open up shop at their local high street . Coffee Franchise Cafe Nero offers excellent training and support services.
Coffee Republic
With over 150 coffee shops across 19 different countries , Coffee Franchising Coffee Republic has some of the most comprehensive Coffee Business opportunities available. Coffee Franchise Coffee Republic offers great training and support for franchise owners, however they are still in their growth phase meaning there isn’t much of an established market share (yet) .
Coffee Nation
Coffee Nation is a relatively new coffee franchise that has already opened more than 90 Coffee Shops in the UK. Coffee Business Coffee Nation has some of the lowest franchise costs on our list, however their aggressive marketing strategy might not be for everyone .
Biggby Coffee Franchise
Hire Coffee Franchise is a Coffee Franchise that’s been around for over 30 years. They have 53 coffee franchise locations in the USA, and are currently expanding overseas by opening Coffee Franchises Australia wide. Their main office is located in Birmingham MI with their official website being hirecoffeefranchise.com .
Cafe2U Coffee
Cafe Coffee Franchises is a Coffee Franchise that has stores in Australia and New Zealand. It’s been around for over 30 years as well, opening their first Coffee Store in 1989. Their main office is located in Melbourne VIC with the official café coffee franchise website being cafefranchise.com.
Scooter’s Coffee
Start Coffee Franchises are Coffee Franchise specialists. They have been expanding Coffee Stores at a rapid pace over the past few years, opening Coffee Stores in many different countries including Canada and South Africa. Their main office is located in Phoenix AZ with their official website being scooterscoffeefranchise.com .
Dunn Brothers Coffee Coffee
Dunn Coffee Franchises are Coffee Specialists with over 50 years of experience. They have Coffee Franchises all across the USA, including many Coffee Stores in Minnesota where they’re based out of Minneapolis MN.
Aroma Joe’s Coffee Coffee
Aroma Coffee Franchises are Coffee Specialists with over 30 years of experience. They have Coffee Stores all across Canada, including in Ontario where they’re based out of Toronto ON.
Santa Cruz Coffee Company Coffee Franchise Coffee Store
SantaCoffeeFranchise is a franchise that specializes in catering to Coffee Coffee Franchises. They have Coffee Stores all across the USA, including Coffee Business in California where they’re based out of Santa Cruz CA.
Caribou Coffee Franchise Coffee Store
Caribou Coffee is a franchise that specializes in catering to coffee franchises and other similar businesses. They have Coffee Coffee Stores all across the USA, including a Coffee Business in Ohio where they’re based out of Dayton OH.
The Human Bean Coffee
The Human Bean Coffee is a franchise that specializes in catering to coffee franchises and other similar businesses. They have Coffee Stores all across the USA, including Coffee Coffee Franchise in New Jersey where they’re based out of Hoboken NJ.
The Daily Grind Franchising LLC (Coffee Specialists)
The Daily Grind Coffee Coffee is a franchise that specializes in catering to coffee franchises and other similar businesses. They have Coffee Stores all across the USA, including a Coffee Business in New York where they’re based out of Long Island City NY.
PJ’s Coffee of New Orleans
PJ’s Coffee is a Coffee Business that specializes in catering to coffee franchises and other similar businesses. They have Coffee Stores all across the USA, including Coffee Business in Louisiana where they’re based out of New Orleans LA.
Cafe2U Coffee
Cafe Coffee Coffee is a franchise that specializes in catering to coffee franchises and other similar businesses. They have Coffee Stores all across Australia, including Coffee Franchise Coffee Store in Victoria where they’re based out of Melbourne VIC.
What are the Best Coffee Franchises Financially Viable?
Coffee is a hot commodity these days. Coffee franchises are one of the best ways to make money right now, and there is no better time than when you’re recovering from a pandemic! In this article we will discuss some viable Coffee Business opportunities post-pandemic that may be great for your business.
When you open up a Coffee Business as a franchisee you inherit the skill and reputation of an instantly recognizable brand. Franchises are businesses built on proven metrics – the parent company has already demonstrated an effective and sustainable record of growth, profit, and customer need. They offer the unique opportunity to hit the ground running with a coffee shop franchise.
So how much does a coffee franchise cost?
Startup costs for Coffee Franchises can range anywhere between $49,000 and $100,000 with most Coffee Franchises costing approximately $90k . Although this is more than just starting any old business it’s important that you consider all of the costs associated with Coffee Franchise ownership.
In Conclusion
Coffee is one of the world’s most popular drinks, with an extensive market for coffee franchises. In fact, according to the recent survey in Statista11, coffee comes a close second in popularity amongst Americans, with only water being more popular.
There is also the potential to branch out and offer related products on the menu such as smoothies, pastries and sandwiches.
So why not take advantage of one of the great franchise opportunities out there!
References
- Kistruck, G. M., Webb, J. W., Sutter, C., Ireland, R. D. (2011). Microfranchising In Base–of–the–pyramid Markets: Institutional Challenges and Adaptations To The Franchise Model. Entrepreneurship Theory and Practice, 3(35), 503-531. https://doi.org/10.1111/j.1540-6520.2011.00446.x
- Lucia-Palacios, L., Bordonaba-Juste, V., Madanoglu, M., Alon, I. (2014). Franchising and Value Signaling. Journal of Services Marketing, 2(28), 105-115. https://doi.org/10.1108/jsm-09-2013-0253
- Lucia-Palacios, L., Bordonaba-Juste, V., Madanoglu, M., Alon, I. (2014). Franchising and Value Signaling. Journal of Services Marketing, 2(28), 105-115. https://doi.org/10.1108/jsm-09-2013-0253
- Altinay, L., Brookes, M., Yeung, R. M., Aktas, G. (2014). Franchisees’ Perceptions Of Relationship Development In Franchise Partnerships. Journal of Services Marketing, 6(28), 509-519. https://doi.org/10.1108/jsm-09-2013-0240
- Lucia-Palacios, L., Bordonaba-Juste, V., Madanoglu, M., Alon, I. (2014). Franchising and Value Signaling. Journal of Services Marketing, 2(28), 105-115. https://doi.org/10.1108/jsm-09-2013-0253
- Altinay, L., Brookes, M., Yeung, R. M., Aktas, G. (2014). Franchisees’ Perceptions Of Relationship Development In Franchise Partnerships. Journal of Services Marketing, 6(28), 509-519. https://doi.org/10.1108/jsm-09-2013-0240
- Altinay, L., Brookes, M., Yeung, R. M., Aktas, G. (2014). Franchisees’ Perceptions Of Relationship Development In Franchise Partnerships. Journal of Services Marketing, 6(28), 509-519. https://doi.org/10.1108/jsm-09-2013-0240
- Altinay, L., Brookes, M., Yeung, R. M., Aktas, G. (2014). Franchisees’ Perceptions Of Relationship Development In Franchise Partnerships. Journal of Services Marketing, 6(28), 509-519. https://doi.org/10.1108/jsm-09-2013-0240
- Altinay, L., Brookes, M., Yeung, R. M., Aktas, G. (2014). Franchisees’ Perceptions Of Relationship Development In Franchise Partnerships. Journal of Services Marketing, 6(28), 509-519. https://doi.org/10.1108/jsm-09-2013-0240
- Kistruck, G. M., Webb, J. W., Sutter, C., Ireland, R. D. (2011). Microfranchising In Base–of–the–pyramid Markets: Institutional Challenges and Adaptations To The Franchise Model. Entrepreneurship Theory and Practice, 3(35), 503-531. https://doi.org/10.1111/j.1540-6520.2011.00446.x
- Buchholz, K. (no date) America Runs on … Bottled Water, Statista Daily Data. Available at: https://www.statista.com/chart/23082/most-consumed-drink-types-us.