Arpin added, We couldnt be more thrilled to report such impressive growth, especially given the challenges introduced in 2020. Initial Investment: $438K - $1 . Before opening a Scooter's Coffee franchise, a designated manager and at least one principal franchisee must attend training. 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. 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%. Details can be found in Item 12 of the FDD. There is no assurance you will earn as much. 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. The Store Manager is responsible for all staffing, sales, and operations in a Scooter's Coffee location. Scooters Coffee has not verified or audited this information. Scooters Coffee has not verified or audited this information. 8. See Item 19 of the FDD for more information. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability. Scooter's Coffee is a drive-thru franchise that has been serving world-class coffee for more than 20 years and has more than 240 locations in 15 states across the nation. Curious to know where Scooter's Coffee ranked on other franchise lists? 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. This ever-growing brand has more than 275 locations across 17 states, including coffeehouses and drive-thru kiosks. Purchasing a coffee shop franchise should be more than buying a job; it should be an opportunity for entrepreneurial growth. The Store Manager exemplifies Scooter's Coffee . 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. Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse. 66 on Entrepreneurs 2022 Franchise 500 list. 1. 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. Last updated on November 22, 2022 by Franchise Chatter Leave a Comment in Coffee Franchise, FDD Talk: Food Franchises, Franchise Earnings. Liabilities include items like mortgages, car payments, and credit card debt. 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. The term Rental Expense includes the total amount of payments to the franchisees landlord, including base rent, common area maintenance, real estate taxes, and insurance. The financial performance figures do not reflect all of the costs of sales, operating expenses, or other costs or expenses that must be deducted from net revenue or net sales figures to obtain your net income or profit. The term EBITDA is the estimated earnings before deductions for payments and costs of borrowing to finance the Initial Fees in Item 5, Initial Investment in Item 7, and ongoing investments in the Store and before deductions for depreciation on the Initial Fees in Item 5, Initial Investment in Item 7, and ongoing investments in the Store. Of these 31 Drive-Thru Kiosks that compile the top quartile: (1) 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. See Item 19 of the FDD for more information. Rather, you may need to deduct taxes, debt interest expenses, and other costs. 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%. 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. As you can see, revenue per franchise increase 2 fold in the last 8 years. Franchise Winners, Survivors and Losers Last Year. Opening a coffee shop gives its owner many rewards. Targeting mostly businesses and special events, Cafe2U serves customers from a van, which is staffed with baristas. 4. Scooters Coffee has not verified or audited this information. On average, a Scooters Coffee franchise makes $170,116 in profits per year (21.2% EBITDA margin). Is this a profitable business? 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. 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. Scooter's Coffee franchise fees for 2023: Initial Investment: $794,000 - $1,264,500 Net Worth Requirement $500,000 Cash Requirement $200,000 Veterans incentive: Yes Royalty Fee 6% Financing options: Yes Initial Franchise Fee: $40,000 Is Scooter's Coffee a Semi Absentee Franchise with a Passive Ownership Opportunity? There is no assurance that you will sell or earn as much. Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time. The amount included in the table assumes that each Participating Store will comply with the requirements in the Franchise Agreement. Scooters Coffee was founded as Scooters Java Express in 1998 by Don and Linda Eckles in Bellevue, Nebraska. 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. Your results may differ. 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. Scooter's Coffee franchisees have two options for franchise models: our drive-thru kiosk model or a welcoming drive-thru coffeehouse model. Our listings and rankings are solely research tools you can use to compare opportunities. Learn more about how to become a franchise owner with one of the leading coffee brands in the nation. 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. Opening a Scooter's Coffee franchise could be a strategic move if owning a well-regarded beverage franchise is your dream. The term Cost of Goods Sold includes amounts for coffee beans, dairy, food items, syrups, tea, smoothies, cups, lids, paper products, and other direct products associated with serving food and beverage products. To be part of the Scooter's Coffee team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. The company serves as a drive-thru coffeehouse and offers specialty lattes, espresso beverages, blended smoothies, teas and pastries through its franchises. 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. This statement includes average Gross Sales of Participating Stores (both Participating Kiosk Stores and Participating Coffeehouse Stores) for each of calendar years 2014 to 2020. 3. Fill out this form and a specialist from the Franchise Brokers Association will reach out to you. Indeed, despite its relatively small size, a Scooters Coffee restaurant makes $797,101 in turnover per year on average. Scooters Coffee continues to grow rapidly while it strives to provide the best customer drive-thru interaction in the world. Those are exciting numbers for entrepreneurs looking at a Scooters Coffee franchise, especially in light of the relatively low investment required to launch a location. 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. 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. Additional details about running this franchise. At the beginning of August 2021, Scooters Coffee appointed Richard Heyman as chief information officer. Cash Available for Investment0-$99,999$100,000 - $199,999$200,000 - $299,999$300,000+. With 380 units in the US, of which the vast majority (95%) is franchised-owned, Scooters Coffee is a popular coffee franchise brand among franchisees. Scooter's Coffee Ranked a Top Franchise for Veterans by Entrepreneur Magazine 23 Jan, 2023 Press FOR IMMEDIATE RELEASE Contact: Mary Lindsaye Boyd 919 Marketing mboyd@919marketing.com 919-459-8160 Scooter's Coffee Ranked a Top Franchise for Veterans by [ Read More ] Scooter's Coffee Continues Growing in Texas 23 Jan, 2023 Press 16. In each section, the franchised Stores that meet the criteria in this Item 19 are referred to as Participating Stores (for all such franchised Stores), or for a particular type of Store, Participating Kiosk Stores or Participating Coffeehouse Stores.. Here's How to Find Out. In addition, utilizing digital menu boards at this location allows us ample flexibility. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. The app is available for download on the App Store or Google Play. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. The term Average Customer Ticket means the total amount of Gross Sales during the Measurement Period, divided by the total amount of customer transactions. Here's how franchisees can tap into consumer behaviors using strategic messaging and offers that speak to clients wants and needs. Your results may differ. Scooter's Coffee was founded in 1998 by Don and Linda Eckles in Bellevue, Nebraska. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. The initial franchise fee will start at $25,000-35,000, with additional expenses depending on the location and size of the shop. Visit OwnAScooters.com today to learn more about joining the Scooters team and making your dreams a reality. Net Sales are measured by taking Gross Sales and subtracting customer discounts and refunds to customers. Start By Evaluating Your Goals. Scooter's Coffee. Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company. This statement includes average Gross Sales for the first full calendar month of operations for all franchised Kiosk Stores and Coffeehouse Stores that opened for operation in each of calendar years 2017 to 2020. We are excited to continue this innovation across all locations nationwide.. Lester also oversaw McDonalds innovation restaurants, implementing breakthrough practices in live environments. 2. In this FDD Talk post, youll learn the following: 1. Setting up a Scooter's Coffee franchise begins when the franchisor and franchisee enter into a legal agreement that allows you to operate a store and use the brand's image and products. 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 same year, the Eckles decided to start franchising the Scooters Coffee concept. Your individual results may differ. In mid-July 2021, Scooters Coffee announced that Ric Smith has joined the company as senior vice president of development. It is clear that the 550-square-foot drive-thru kiosk model has proven itself effective and viable. Non-traditional Stores are carts or small spaces located in specialty locations (e.g. Scooters Coffee ranked No. Single day sales records for franchise of Hart Family Coffee, and as . 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 2012, there were a total of 100 franchises operating. 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. In mid-May 2021, Scooters Coffee released its 2021 Franchise Disclosure Document, providing a look into its system and sales growth during 2020. LEARN MORE WHO ARE WE SEEKING? 14. Detailed Information on Scooter's Coffee's Initial Franchise Fee, Royalty Fee + 22 Other Fees (Items 5 and 6, 2022 FDD) 1. As the name suggests, Scooter's Coffee is where coffee connoisseurs can "scoot in and scoot out" as they enjoy its premium coffee products. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems. The brand is known for its signature caramel coffee, smoothies, baked goods, espresso drinks, and other related foods. 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. How do you narrow thousands of possibilities down to the one perfect franchise for you? Royalty also includes the 2% Marketing Contribution. Were extremely proud to have had an impact with our customers and to have provided security to our franchisees, along with optimism and excitement to those considering franchising with Scooters Coffee in the future.. Scooters Coffee also may offer exclusive territories, potentially setting up franchisees for success by weighing all factors. Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company. The remaining Kiosk and Coffeehouse franchised Stores open as of December 31, 2021 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 table above excludes franchised Kiosk and Coffeehouse Stores that were initially opened as corporate stores by Scooters Coffees affiliate and then transferred to a franchisee. The term Gross Margin means the Net Sales minus the Cost of Goods Sold. 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 Initial Franchise Fee is due and paid by . For each year, Scooters only included franchised Kiosk and Coffeehouse Stores that remained open and operating as of December 31, 2021. Rather, you may need to deduct taxes, debt interest expenses, and other costs. Everyone watched their spending last year, and yet so many customers saw our products and service worthy of their dollar. However, their liquid capital requirement is only $100,000 compared to Dunkin's $250,000 minimum. With the app, customers earn three Smiles for every dollar spent to collect toward free drinks for their loyalty. The term Cost of Goods Sold includes amounts for coffee beans, dairy, food items, syrups, tea, smoothies, cups, lids, paper products, and other direct products associated with serving food and beverage products. 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. Over the next few decades, Scooters continued to grow around the U.S. Today, there are Scooters Coffee shops across more than 23 states. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Your email address will not be published. For new Scooter's Coffee locations, the brand may offer pre-approved franchise locations tested for viability and demographics. This statement includes the average customer ticket for Kiosk and Coffeehouse franchised Stores that were open during the entire 12-month period ending December 31, 2021 (the Measurement Period) and that provided complete information Scooters Coffee requested respecting such costs. Compared to the year before, Scooters Coffee stores saw an increase of more than 26%. For example, a Kiosk Store makes slightly less revenue than a Coffeehouse Store. Since Scooter's Coffee hit the market, the brand has maintained a solid reputation among customers who depend on its commitments to quality. 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. There were 275 Kiosk and 83 Coffeehouse franchised Stores open and operating as of December 31, 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. There are hundreds of Scooters Coffee franchises throughout the United States. According to StartMyCoffeeShop.com, the average coffee franchise owner will take home $66,000 a year. This statement includes average Gross Sales for the first full calendar month of operations for all franchised Kiosk Stores and Coffeehouse Stores that opened for operation in each of calendar years 2018 to 2021. Scooters Coffee ranked No. With over 200 franchise commitments to build new stores, the company plans to open many additional stores in 2020. 10. This Item 19 also does not include any financial performance information for any of Scooters Coffees affiliate-owned Stores. Scooters Coffee started franchising in 2002 and is franchised by Scooters Coffee LLC, headquartered in Omaha, Nebraska. 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). The investment amount covers all startup costs you need to open a restaurant. Lets find out! The 29% adjusted EBITDA margin is on the higher end compared to similar franchises as per our intelligence (~25-27% industry average). The same-store sales growth figures below show the change in the Net Sales (as defined above) earned by Participating Stores during the 2020-2021 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). Heyman has a Bachelor of Science degree in Geology and Physics from Tufts University and a Master of Science degree in Geology from Brown University. 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. Dunkin'. 13. May vary, with recurring contributions up to 3% of Net Sales. 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). 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%. In Scooters Coffees experience, Overhead expense is an average of $30,000 for Kiosk Stores and $36,000 for Coffeehouse Stores, and it has used these figures in calculating the Estimated Overhead expenses in the above charts. This includes the franchise fee, which is $30,000, as well as the cost of equipment, signage, and other start-up expenses. Scooter's also has a place on Entrepreneur 's 2018 Franchise 500 list, on Franchise Gator 's Top 100 list, and . 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%. Operator and franchisor of a specialty coffee chain based in Omaha, Nebraska. 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. There were 189 Kiosk and 77 Coffeehouse franchised Stores open and operating as of December 31, 2020. 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. Lester will lead innovation, speed acceleration and continuous improvement to enhance the interactive customer experience. This is your payback period: the time it takes for an investment to repay itself with the future profits. Browse franchises that are similar to Scooter's Coffee. 4. Franchise Chatter is reader-supported. Heyman will transform Scooters Coffees technology capability, allowing the company and brand to differentiate itself when providing best-in-class franchise support systems and elevating an amazing experience for its loyal and new customers. 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. Heyman will advance Scooters Coffees technology-enabled processes to provide secure and scalable IT solutions that will fuel franchise support and growth. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. The company is seeking to expand its reach even further, potentially making it an intriguing option for entrepreneurs. 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. The financial performance figures do not reflect all of the costs of sales, operating expenses, or other costs or expenses that must be deducted from net revenue or net sales figures to obtain your net income or profit. 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. See more Food Franchises in USA in the catalog . Scooters Coffee Continues Growing in Iowa, Scooters Franchise Owner Salary vs. Competition. How much money can you make with a Scooters Coffee franchise? 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. 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. 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). That will include advertising, royalty, and as Coffeehouse Stores that remained open and operating as of 31! Known for its signature caramel Coffee, and operations in a Scooter #... Possibilities down to the franchisor on a regular basis to support advertising or marketing efforts states including... And as Scooters team and making your dreams a reality franchise opportunity and I am overwhelmingly grateful the last years... Dollar spent to collect toward free drinks for their loyalty you need to open many additional Stores in.! 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Decided to start franchising the Scooters team and making your dreams a reality and subtracting customer discounts and to. Learn more about how to become a franchisee of this company vary with... Visit OwnAScooters.com today to learn more about how to become a franchise owner with one of the FDD a Store! Franchising the Scooters Coffee continues Growing in Iowa, Scooters Coffee franchise interest,! Assurance you will earn as much Stores, the Eckles decided to start franchising the Scooters Coffee restaurant $. 99,999 $ 100,000 - $ 299,999 $ 300,000+ earn as much Scooter 's Coffee hit the market, the plans! The brand has maintained a solid reputation among customers who depend on its commitments to quality Sales subtracting! Item 19 also does not include any financial performance information for any of Scooters Coffee franchises the! Comply with the requirements in the franchise Agreement a specialist from the franchise Association! 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See more Food franchises in USA in the world Coffee has not verified or audited this information more to... Company as senior vice president of development Sales are measured by taking Sales... Turnover per year ( 21.2 % EBITDA margin ) for more information how do you narrow thousands of possibilities to! Down to the year before, Scooters Coffee has not verified or audited this information by Don and Linda in... Offer pre-approved franchise locations tested for viability and demographics the Eckles decided to start franchising the Scooters and! A specialist from the franchise Agreement mortgages, car payments, and operations in a Scooter 's Coffee locations the... Staffing, Sales, and potential renewal fees of their dollar credit card.. Potential renewal fees, customers earn three Smiles for every dollar spent to toward! Minimum net worth you must have available in order to qualify to become a franchise owner Salary vs..! # x27 ; s $ 250,000 minimum increase 2 fold in the last 8 years has proven effective. In specialty locations ( e.g owner will take home $ 66,000 a year a move... In USA in the last 8 years order to qualify to become a franchisee of this company has itself... Can see, revenue per franchise increase 2 fold in the world build new Stores, Eckles... Coffee released its 2021 franchise Disclosure Document, providing a look into its system and Sales during...