If you want to know the best Coffee Shop Franchise to make money with, you should definitely read this article.
It explains a lot about Coffee Shop Franchise, how they work, how you can make money with them and some of the best ones out there to consider.
Although routine can be pretty dull and non-challenging, routine is sometimes welcome because it is consistent and comfortable.
For us as individuals our routine can vary according to our schedule and during specific parts of the day.
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For example, when we wake up in the morning we normally will have our breakfast, get ready for work and off we go.
Perhaps our daily routine is exactly that and we can set our watches by what goes on throughout the day as we work from 9 to 5.
Routine can also be delicious. Specifically, our routine may be to stop at that coffee shop or coffee franchise on the way to work and grab a specialty coffee and perhaps a pastry and enjoy our coffee break in the morning or eat while commuting to work.
This can be a very satisfying and delicious routine.
Importance of Coffee Shop Franchises
In fact, if you indulge in this routine you are not alone. It is estimated that almost 65% of all adult Americans drink a cup of coffee every day.
Additionally, there are some aggressive coffee connoisseurs that enjoy an average of more than 3 cups a day. They are probably the ones that you see bouncing off of the office walls.
The math shares the story that equates to over 400 million cups of coffee served on a daily basis or if you extrapolate that multiplication out over the year it ends up being a total of 146 billion cups of coffee served on a yearly basis.
Brewing down on this story, on a daily basis, a local coffee shop will sell, on the average 230 cups per day.
Additionally, the consumption of coffee is not experiencing stagnation. The popularity of the brewed coffee bean continues to increase in popularity at a 7% growth rate over the past few years.
Consequently, if looking to invest in a franchise that is currently enjoying great success and is steadily increasing in consumption, one needs to look no further than a coffee franchise.
4 Best Coffee Shop Franchise to Make Money With
So, let’s grab a cup of coffee at the three of the best coffee franchises in America.
As we look at the list, some of the coffee franchises we may be familiar with and others not so much.
Although, if one takes a quick look at the three six coffee franchises in America they will be immediately taken by what coffee provider is not listed in the top three or the top whatever for that matter.
Yes, Starbucks is conspicuously absent because Starbucks is not listed as a coffee franchise.
Now, with that out-of-the-way let us proceed and enjoy our brewed beverage together.
1. Aroma Joe’s Coffee
In the year 2000, two pairs of brothers began the coffee franchise known as Aroma Joe’s Coffee.
This is a specific geographical popular coffee franchise in certain parts of the United States.
Specifically, the states of Massachusetts, New Hampshire, Florida, Vermont, Rhode Island, Connecticut, New Jersey, West Virginia, North Carolina, Georgia, Pennsylvania, and Maine are well acquainted with this coffee franchise; the rest of America not so much.
The reason why Aroma Joe’s has made the list of the top four coffee franchises is first of all their commitment to maintaining the delicate ecological balance by minimizing their carbon footprint.
In today’s day and age, this certainly resonates with customers who are like-minded and also have the same commitment to preserving and honoring the world’s resources.
This franchise also minimizes the use of property and real estate. Their services are generally provided to customers by providing drive-through opportunities for commuters and people on the go.
Those locations that do have a larger real estate presence are generally maxed out at 1200 square feet.
Consequently, a combination of their commitment to preserving the environment and smaller property presence makes this franchise an ideal environmentally concerned investor.
Added to the mix is that if a veteran wanted to be a franchisee there is a discount offered in honor of their service.
To be considered a franchise owner of Aroma Joe’s Coffee, it would take a $15,000 startup fee.
Additionally, this franchise requires that its franchisees have liquidity anywhere from $50,000 to $70,000.
In total, the overall investment would range anywhere from $256,500 to $702,000.
This franchise also charges a royalty fee of 8% and passes on marketing costs to their franchises at a 4.5% assessed fee of gross income.
There doesn’t seem to be much information as to what a franchise owner can anticipate for annual revenue.
Of course the revenue would be contingent upon location. However, this is an appealing moneymaking franchise because overhead is low as well as the franchise requirements.
2. Maui Wowi Hawaiian Coffees and Smoothies
Just as brewing the right cup or pot of coffee is important, as it relates to time, perhaps time involved in a business is an indicator of success.
For Maui Wowi Hawaiian Coffees and Smoothies their time spent in this niche in the business world goes back to 1982 when Jeff and Jill Summerhays founded this popular franchise.
Their uniqueness in the coffee franchise sector is, like a good boost of caffeine, energized by providing a significant healthy brewed beverage that does not contain excessive sugars or foods that are saturated with fat.
The business model for these two entrepreneurs was to create a coffee franchise that was not rigid and created fun.
Of course, the Hawaiian environment is in significant play as the franchise promotes and serves the richness of Hawaiian grown coffee coupled with the casualness of the Hawaiian culture.
One franchise owner is quoted as saying “I love the opportunity to dress casual, be outside, keep the business mall or grow it as large as I’d like. I jumped in with both feet and haven’t looked back.”
As franchises go, Maui Wowi is one of the most affordable franchises available on the market.
Required is an amount of $50,000 in liquid capital and the owner must have a reflected minimum net worth of $100,000.
The actual franchise fee is $30,000. Also available at a franchise fee of $28,900-$189,050 can be an investment in the mobile franchise aspect of the operation.
Also available, Maui Wowi, through various financial partnerships, offers franchise financing.
America is a nation on the move. Everything seems to be fast-paced including their love for fast food.
Consequently, breakfast consisting of eggs and the traditional fare of either bacon or sausage is usually something that is not eaten in the morning simply because the family and the individual family members are quickly out the door.
Enter, arguably the most famous breakfast choice of coffee and a delicious donut.
Statistically, this breakfast for the fast-paced consumer is borne out as an estimated 65% of American adults drink coffee and in years gone by it was estimated that the yearly consumption of donuts was estimated to be over 200 million.
One famous coffee franchise that became the favorite for the American “on the run” was Dunkin.
With a string of number one awards by various entrepreneurial websites, Dunkin is a delicious franchise opportunity for the potential franchisee.
Boasting of over 12,000 locations with 1000 of those being located in the United States, Dunkin is a golden and delicious opportunity for an individual to run their own business.
Consideration for a franchise requires a fee of $40,000-$90,000 depending upon the locale and the individual must show their net worth being at a minimum of a half million dollars.
Also, the potential investor needs to have in liquidity a minimum of $250,000.
All in, without the hole in the donut, the total investment range can for a potential franchise owner ranges anywhere from $97,500 to $1.7 million.
4. The Coffee Bean and Tea Leaf
Headquartered in Los Angeles California, the Coffee Bean and Tea Leaf Franchise began operations in 1963.
Their business model then began offering franchises in 2002. As of this writing it is estimated that there are 1,200 franchises operating.
The franchise model allows for the opening of actual stores or featuring their beverages in various kiosks such as in malls or other areas where there is heavy foot traffic.
This franchise not only offers tasty coffee and espresso drinks but provides a wide range of sophisticated teas.
Also, within the kiosks or stores they offer pre-packaged coffee blends and beans as well as a number of premium teas.
Added to the mix of enjoying a cup of coffee or a tea is the offering of the goods and other select bakery items.
Rounding out their offerings include retail items such as coffee making products, clothing and other items reflecting their brand.
As it relates to investing in this franchise the franchising fee ranges anywhere from $15,000-$25,000.
Added to the franchise mix are a number of other line items which include insurance, training expenses, inventory, etc.
The bottom line is that the franchise cost to investing into this coffee franchise ranges anywhere from $183,250-$615,500.
Added to the mix of monthly fees include royalty fees set at 5.5% of gross revenues.
Also, there is a monthly marketing fee of 2% and a half percent of gross revenues are devoted towards artwork and promotional materials.
By no means am I a connoisseur of coffee.
However, I enjoy my daily coffee at home and as a treat go to the local coffee shop franchise to enjoy a coffee that has a different flavor and becomes a comfort beverage for me.
Additionally, added to the enjoyment of sitting there and relaxing with that steamy beverage is the opportunity just to reflect on life, perhaps a quality conversation with a love one or just simply enjoy the companionship of a book or interact online with others.
In other words, a coffee franchise is more than just sitting there and indulging in a caramel macchiato.
Frequenting a coffee franchise is an experience.
You Can Do It
The American economy is based on capitalism.
In a nutshell, the nation that embraces this economic system believes and promotes that the private individual, without too much interference from the government, has a full reign in their efforts to make money.
As an American, most likely, you embrace capitalism and as such are looking for ways and opportunities to expand what investments you have and to increase your financial portfolio.
You are hard-working, industrious, and work and play hard.
Also as Americans we have various love affairs with a variety of consumer products. We are known for our love of fast food, technology, cars, trucks, etc. The list is almost endless.
Added to mix is that marvelous brewed beverage known as coffee. Over a good cup of freshly brewed coffee or other variations of beverage using coffee, we socialize, relax, and thrill to the working out of differences in our lives and the lives of others.
Americans are coffee lovers!
Consequently, coupling our full embracement of capitalism and our love for coffee provides a winning formula of looking at owning a coffee franchise and making additional revenue.
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So, perhaps, its time for you to wake up and smell the coffee.
However, it is important to be reminded that wanting a coffee franchise is not just simply opening the door, pouring some hot water over ground coffee beans and serving a cup of that marvellous elixir to your clientele.
Wanting a franchise requires hard work, diligence, protecting the franchise name and adhering to the franchises level of commitment to their customers.
It is also equally important to be reminded that if you have the needed financial resources, desire, and the appropriate level of managerial and business acumen, just maybe, a coffee franchise is in the brewing for you.
With 65% of the American population drinking coffee, it would appear that there is and will continue to be a demand for a quality brewed cup of coffee or a variety of variations thereof.
You are, after all, a coffee loving hard-working American with a positive attitude knowing that anything is within your reach.