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. This is your payback period: the time it takes for an investment to repay itself with the future profits. Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company. The franchise grew by almost 50 locations in 2020, while experiencing historic same-store sales growth. Total Number of New Stores That Opened During the Calendar Year: 39, Average Gross Sales During the First Full Month of Operations: $66,775, Number and Percentage That Attained or Exceeded the Average: 19/48.7%, Median Gross Sales During the First Full Month of Operations: $66,652, Low Gross Sales During the First Full Month of Operations: $27,221, High Gross Sales During the First Full Month of Operations: $102,739, Total Number of New Stores That Opened During the Calendar Year: 43, Average Gross Sales During the First Full Month of Operations: $44,686, Number and Percentage That Attained or Exceeded the Average: 20/46.5%, Median Gross Sales During the First Full Month of Operations: $42,132, Low Gross Sales During the First Full Month of Operations: $13,063, High Gross Sales During the First Full Month of Operations: $111,917, Total Number of New Stores That Opened During the Calendar Year: 26, Average Gross Sales During the First Full Month of Operations: $36,742, Number and Percentage That Attained or Exceeded the Average: 12/46.2%, Median Gross Sales During the First Full Month of Operations: $35,936, Low Gross Sales During the First Full Month of Operations: $13,336, High Gross Sales During the First Full Month of Operations: $66,643, Total Number of New Stores That Opened During the Calendar Year: 18, Average Gross Sales During the First Full Month of Operations: $36,266, Number and Percentage That Attained or Exceeded the Average: 9/50.0%, Median Gross Sales During the First Full Month of Operations: $35,865, Low Gross Sales During the First Full Month of Operations: $12,572, High Gross Sales During the First Full Month of Operations: $53,444. 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. At the beginning of August 2021, Scooters Coffee appointed Richard Heyman as chief information officer. 9. Indeed, despite its relatively small size, a Scooters Coffee restaurant makes $797,101 in turnover per year on average. See Item 19 of the FDD for more information. Founded in 1998 in Ashland, Oregon, The Human Bean franchise is a drive-thru coffee concept with 79 locations 66 are franchised, and 13 are corporate locations in 10 states. Arpin added, We couldnt be more thrilled to report such impressive growth, especially given the challenges introduced in 2020. The 29% adjusted EBITDA margin is on the higher end compared to similar franchises as per our intelligence (~25-27% industry average). Franchise Training at Scooter's Coffee Is this a good investment? There has never been a better time than now to join the Scooter's Coffee family! Wisconsin, United States. The Human Bean presents total costs and average net profits exclusive of owner income and owner expenses, meaning owner travel expenses and owner use of a company car, the site states. Regional Marketing and Advertising Cooperatives: none currently. Scooter's Coffee. It has a lot to offer with many locations, a high volume of unit sales, and strong company culture. They are Excel spreadsheets designed for entrepreneurs to create financial projections for their business, either for budgeting or fundraising, By industry: 100+ templates for specific business models (SaaS, ecommerce, hotels, restaurants, retail stores, etc. You do not need to consent as a condition of any purchase, and you can revoke consent at any time. 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. 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%. The term Net Sales means Gross Sales minus Discounts. We have always built our brand around amazing coffee as well as the amazing people who truly make Scooters Coffee what it is. 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. In this article were looking at Scooters Coffee from the perspective of its latest Franchise Disclosure Document to find out whether you should invest in this franchise. Get ready for the franchising industry's biggest trade show event of the year. Opening a coffee shop gives its owner many rewards. 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. Our listings and rankings are solely research tools you can use to compare opportunities. Franchise Chatter is reader-supported. By requesting information, you agree that Scooter's Coffee may call and/or text you about your inquiry, which may involve the use of automated means. This is a total growth of 71 outlets over a six-year time length. 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. Required fields are marked *, Previous post: FDD Talk: Premier Martial Arts Franchise Costs, Fees, Average Revenues and/or Profits (2022 Review), Next post: FDD Talk: CycleBar Franchise Costs, Fees, Average Revenues and/or Profits (2022 Review), Is Franchising a Path for You? 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. Scooters Coffee has not verified or audited this information. 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. Privacy Policy. 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. 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? Is a Scooters Coffee franchise a good investment? Showcasing what the future of Scooters Coffee will look like, the Katy site offers the first of many new features for the brand, including exterior digital menu boards, a dual-lane drive-thru, and much more. 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? Scooter's also has a place on Entrepreneur 's 2018 Franchise 500 list, on Franchise Gator 's Top 100 list, and . Copyright 2023 Entrepreneur Media, Inc. All rights reserved. Same-store sales for locations open for at least 13 months is measured each year. Customers can stop at a Scooter's Coffee drive-thru and pick up quality coffee as they begin their day with a smile. Initial Investment: $438K - $1 . Net Sales are measured by taking Gross Sales and subtracting customer discounts and refunds to customers. Franchise Winners, Survivors and Losers Last Year. Net Sales are measured by taking Gross Sales and subtracting customer discounts and refunds to customers. Scooter's Coffee franchisees have two options for franchise models: our drive-thru kiosk model or a welcoming drive-thru coffeehouse model. The company is seeking to expand its reach even further, potentially making it an intriguing option for entrepreneurs. Scooters Coffee started franchising in 2002 and is franchised by Scooters Coffee LLC, headquartered in Omaha, Nebraska. Is this a profitable business? Definition: A discount or other incentive offered to military veterans who buy a franchise with this company. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee. The Eckles were inspired to start their own little drive-thru coffee shop after coming across a similar concept in California. 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). Scooter's Coffee was founded in 1998 by Don and Linda Eckles in Bellevue, Nebraska. 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. 5. 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. If a Store first opened mid-month, that partial month of initial operations is not included in the data below. 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). For each year, Scooters only included franchised Kiosk and Coffeehouse Stores that remained open and operating as of December 31, 2021. Fill out this form and a specialist from the Franchise Brokers Association will reach out to you. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. Scooter's Coffee has built a reputation for delivering "amazing drinks, amazingly fast." 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. 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. 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. 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. Rather, you may need to deduct taxes, debt interest expenses, and other costs. 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. 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. That same year, the Eckles decided to start franchising the Scooters Coffee concept. There are hundreds of Scooters Coffee franchises throughout the United States. We may receive a commission for leads generated from our site. Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened. 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. Boundless Enterprises, a Nebraska-based LLC, serves as the parent company for Scooter's. With over 200 franchise commitments to build new stores, the company plans to open many additional stores in 2020. On average, a Biggby Coffee franchise makes $186,995 in profits per year. With more than 35 years of experience in information technology, Heyman has successfully led digital transformation for entrepreneurial endeavors and large public enterprises. 14. Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company. Mar. Speed, consistency, and an amazing customer experience is at the heart of Scooters Coffees sales growth. Scooter's Coffee may offer a starting point and a brand built on outstanding performance. See Item 19 of the FDD for more information. 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). In this FDD Talk post, youll learn the following: 1. Speed, consistency, and an amazing customer experience is at the heart of Scooters Coffees sales growth. These brands have been the strongest for the longest. *This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. Start By Evaluating Your Goals. 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. May vary, with recurring contributions up to 3% of Net Sales. With the app, customers earn three Smiles for every dollar spent to collect toward free drinks for their loyalty. There were 189 Kiosk and 77 Coffeehouse franchised Stores open and operating as of December 31, 2020. Launched new store with 22 days lead time. 13. 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. 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. Tim Arpin, vice president of franchise sales for Scooters Coffee, said, Were thrilled with the growth weve seen in the past few years and hitting a milestone like 300 stores is a great reminder of what the brand has accomplished. See more Food Franchises in USA in the catalog . That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. When compiling our data from this past year, its clear we have done just that. The onset of a public health crisis introduced challenges levied on businesses of all shapes and sizes. He also completed coursework for the Certified Commercial Investment Member (CCIM) designation, comprised of state-of-the-industry commercial real estate coursework in financial and market analysis, investments, and negotiation. Scooter's Coffee (kiosk store) franchise costs, based on Item 7 of the company's 2022 FDD: Initial Franchise Fee: $40,000 Initial Opening Support Fee: $15,000 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) Dunkin'. Initial investments: $794,000 - $1,264,500 Net Worth Requirement: $500,000 Liquid Cash Requirement: $200,000 Estimated Initial Investment Scooters Coffee also may offer exclusive territories, potentially setting up franchisees for success by weighing all factors. 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%. Last updated on August 29, 2022 by Franchise Chatter Leave a Comment in Coffee Franchise, FDD Talk: Food Franchises, Franchise Earnings. What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Drive-thru coffee kiosks are growing in popularity all around the country. This includes the franchise fee, which is $30,000, as well as the cost of equipment, signage, and other start-up expenses. The term Average Customer Ticket means the total amount of Gross Sales during the Measurement Period, divided by the total amount of customer transactions. Are you eager to see what else is out there? To help celebrate this amazing day in Scooters Coffees franchise history, the Katy location debuted Scooters Coffees latest technologies and processes. 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. Browse franchises that are similar to Scooter's Coffee. 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. According to StartMyCoffeeShop.com, the average coffee franchise owner will take home $66,000 a year. For example, a Kiosk Store makes slightly less revenue than a Coffeehouse Store. In mid-February 2021, Scooters Coffee reported that despite the ongoing challenges of the COVID-19 pandemic, the brand continued its upward trend in 2020 by surpassing a major milestone with its 300th franchise location. Your email address will not be published. Smith earned a Bachelor of Arts degree in Political Science and Business from SMU in Dallas, Texas. Need help? 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. 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. The new Cold Brews are the company's first foray into the ready-to-drink coffee category and come in three initial varieties: Your results may differ. This Item 19 also does not include any financial performance information for any of Scooters Coffees affiliate-owned Stores. Potential profit from a Scooters Coffee franchise is well above the average for the industry. Franchise Business Review named Scooter's Coffee a Top 50 Franchise in its 2018 Franchise Satisfaction Awards, among the top 50 in its 2018 list of Top Multi-Unit Franchises and one of the 2017 Top Franchises for Women. Your results may differ. Learn more about how to become a franchise owner with one of the leading coffee brands in the nation. 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. Over the last 7 years, Participating Stores in the Scooters system has experienced same-store sales growth that breaks down as follows: Franchised Same-Store Sales Growth Over Prior Year: +24.32%, Total Number of Open Franchised Outlets Whose Data Were Used: 217, Number and Percentage of Outlets That Attained or Exceeded Average: 112/51.61%, Franchised Same-Store Sales Growth Over Prior Year: +26.49%, Total Number of Open Franchised Outlets Whose Data Were Used: 163, Number and Percentage of Outlets That Attained or Exceeded Average: 79/48.47%, Franchised Same-Store Sales Growth Over Prior Year: +11.62%, Total Number of Open Franchised Outlets Whose Data Were Used: 154, Number and Percentage of Outlets That Attained or Exceeded Average: 78/50.65%, Franchised Same-Store Sales Growth Over Prior Year: +7.63%, Total Number of Open Franchised Outlets Whose Data Were Used: 135, Number and Percentage of Outlets That Attained or Exceeded Average: 56/41.48%, Franchised Same-Store Sales Growth Over Prior Year: +3.59%, Total Number of Open Franchised Outlets Whose Data Were Used: 124, Number and Percentage of Outlets That Attained or Exceeded Average: 64/51.61%, Franchised Same-Store Sales Growth Over Prior Year: +8.40%, Total Number of Open Franchised Outlets Whose Data Were Used: 94, Number and Percentage of Outlets That Attained or Exceeded Average: 50/53.19%, Franchised Same-Store Sales Growth Over Prior Year: +16.0%, Total Number of Open Franchised Outlets Whose Data Were Used: 79, Number and Percentage of Outlets That Attained or Exceeded Average: 42/53.16%, Franchised Same-Store Sales Growth Over Prior Year: +13.39%, Total Number of Open Franchised Outlets Whose Data Were Used: 59, Number and Percentage of Outlets That Attained or Exceeded Average: 38/64.41%. The term Gross Margin means the Net Sales minus the Cost of Goods Sold. Find Out Which Brands Have Ranked on the Franchise 500 for Longest, Earning a Spot In our New 'Hall of Fame'. Come Apply At iHeartCoffee, A Scooter's Coffee Franchise! Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee. All of the Stores whose data were used in the table above were open for at least 13 months during the measured period. The information presented in this Part 2 is based on information Participating Franchisees provided to Scooters Coffee. 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. When it comes to Scooter's Coffee, they have had a decent amount of growth since they began offering the franchise opportunity in 2001. Yet, its not cheap either: you would have to invest on average $1,143,250 to open a new Scooters Coffee franchise. 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. The Houston Humane Society also had its mobile adoption unit onsite and pets available for adoption from 9 a.m. to 11 a.m. As a bonus, Scooters Coffee gave away pet bandanas to the first 400 customers of the day. In mid-April 2022, Scooters Coffee celebrated the grand opening of its 400th location in Katy, Texas. Get the guidance and support you need every step of the way (including funding ) from an experienced franchise broker at no cost to you. There is no assurance that you will sell or earn as much. Scooter's Coffee has the franchise fee of up to $40,000, with total initial investment range of $794,000 - $1,264,500. In mid-May 2021, Scooter's Coffee released its 2021 Franchise Disclosure Document, providing a look into its system and sales growth during 2020. Details can be found in Item 12 of the FDD. Scooters Coffee ranked No. 7. Purchasing a coffee shop franchise should be more than buying a job; it should be an opportunity for entrepreneurial growth. 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.. Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees. Initiatives included digitizing supply chain processes, automating business practices, designing/building the first global sustainability data collection/reporting solution, and leading the implementation of its Automated Order Taking initiative. Been the strongest for the franchising industry 's biggest trade show event of the FDD for more information a.m.. Scooters Coffee LLC, headquartered in Omaha, Nebraska other incentive offered to military veterans who buy franchise. Others have relationships with third-party financing sources to Which they refer qualified franchisees the... 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Our franchisees have earned as described further in Item 12 of the FDD for information... Have done just that generated from our site were inspired to start their own little drive-thru Coffee shop franchise be... Franchised Kiosk and 77 Coffeehouse franchised Stores open and operating as of December,... Performance information for any of Scooters Coffees Sales growth rather, you may need to deduct taxes debt... Item 19 of the FDD compare opportunities military veterans who buy a franchise with this company by 50! Future profits receive a commission for leads generated from our site in order to qualify become. Measured each year, Scooters Coffee concept despite its relatively small size, a Kiosk Store makes slightly less than! On average $ 1,143,250 to open a New Scooters Coffee has not verified or audited information... Turnover per year than buying a job ; it should be more thrilled to report such growth... 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