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 Scooters Coffee is an American drive-thru coffeehouse chain with over 500 locations in the US. The company serves as a drive-thru coffeehouse and offers specialty lattes, espresso beverages, blended smoothies, teas and pastries through its franchises. It takes on average 9.6 years to repay your investment if you were to open a new Scooters Coffee franchise. Yet, this adjusted EBITDA does not mean you will earn 21.2% of the total revenue as the net profit. The term Gross Margin means the Net Sales minus the Cost of Goods Sold. 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. The Midwest-based drive-thru coffee franchise reached the 300-store mark after seeing increases in average unit volume across the system in recent years, including 43 new stores in 2020. The following charts are based on information for only 186 Kiosk and 78 Coffeehouse franchised Stores that were open and operating during the entire Measurement Period for 2021 and that provided complete information (the Participating Stores). The festivities included support for the Houston Humane Society. 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? This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high. Description. Opening a coffee shop gives its owner many rewards. The term Net Sales means Gross Sales minus Discounts. Here's how franchisees can tap into consumer behaviors using strategic messaging and offers that speak to clients wants and needs. Speed, consistency, and an amazing customer experience is at the heart of Scooters Coffees sales growth. Scooter's Coffee franchisees have two options for franchise models: our drive-thru kiosk model or a welcoming drive-thru coffeehouse model. Is a Scooters Coffee franchise a good investment? Which Franchise Is Right for You? Lester also oversaw McDonalds innovation restaurants, implementing breakthrough practices in live environments. 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%. See more Food Franchises in USA in the catalog . Detailed Information on Scooter's Coffee's Initial Franchise Fee, Royalty Fee + 22 Other Fees (Items 5 and 6, 2022 FDD) 1. Catch up on the latest franchise news, trends, and more. To celebrate 400 stores and the grand opening of the Katy location on April 22, customers who paid or scanned for loyalty on the Scooters Coffee mobile app received half off any drink. Our listings and rankings are solely research tools you can use to compare opportunities. Find Out Which Brands Have Ranked on the Franchise 500 for Longest, Earning a Spot In our New 'Hall of Fame'. 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. 2. According to the latest FDD, startup costs vary based on the format of restaurant you choose: the Kiosk Store costs on average $794,500-$1,264,500, whereas a Coffeehouse store costs $666,500-$1,847,500 instead. airports, hospitals, stadiums, train stations, malls, military bases, amusement parks, and business atriums), or within other businesses such as large office buildings. But, ultimately, a coffeehouse or drive-thru coffee kiosk is a business. Prior to his time at McDonalds, Lester received a Bachelor of Science degree in Civil Engineering from the University of Illinois and worked as a Civil Engineer, master planning and designing municipal treatment solutions across the United States. Required fields are marked *, Previous post: Franchise Costs: Detailed Estimates of Amazing Athletes Franchise Costs (2021 FDD), Next post: FDD Talk 2021: Hounds Town USA Franchise Review (Financial Performance Analysis, Costs, Fees, and More), Is Franchising a Path for You? If a Store first opened mid-month, that partial month of initial operations is not included in the data below. On average, a Scooter's Coffee franchise makes $170,116 in profits per year (21.2% EBITDA margin). AMAZING PEOPLE, AMAZING DRINKS AMAZINGLY FAST!. 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. There is no assurance you will earn as much. Additional details about running this franchise. If a Store was transferred between affiliate and franchisee during any measurement period in the representation above, its classification as affiliate-owned or franchisee-owned was based upon the majority of time owned and operated by affiliate or franchisee during the measurement period. Mar. 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. Targeting mostly businesses and special events, Cafe2U serves customers from a van, which is staffed with baristas. For example, a Kiosk Store makes slightly less revenue than a Coffeehouse Store. We have always built our brand around amazing coffee as well as the amazing people who truly make Scooters Coffee what it is. The new Cold Brews are the company's first foray into the ready-to-drink coffee category and come in three initial varieties: 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. In mid-May 2021, Scooter's Coffee released its 2021 Franchise Disclosure Document, providing a look into its system and sales growth during 2020. 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. 103 on Entrepreneurs 2021 Franchise 500 list. 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. Leader. And while dine-in options were severely hampered, Scooters Coffee stores built as coffeeshop models still saw growth as well compared to the year before. Scooter's Coffee is committed to continuing to serve amazing drinks, amazingly fast as we work toward becoming the number one drive-thru coffee franchise." The companies on the 2022 Inc.. 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. You also agree to our Privacy Policy. 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. He subsequently earned a Master of Business Administration and a Master of Information Systems from the University of Nebraska at Omaha. Scooters Coffee was founded as Scooters Java Express in 1998 by Don and Linda Eckles in Bellevue, Nebraska. Scooters Coffee has not verified or audited this information. A typical franchise agreement runs for ten years. 13. 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. Scooter's Coffee has built a reputation for delivering "amazing drinks, amazingly fast." Your results may differ. There has never been a better time than now to join the Scooter's Coffee family! 10500 Sapp Brothers Dr, Omaha, NE 68138 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. 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. According to StartMyCoffeeShop.com, the average coffee franchise owner will take home $66,000 a year. Rather, you may need to deduct taxes, debt interest expenses, and other costs. Boundless Enterprises, a Nebraska-based LLC, serves as the parent company for Scooter's. 13. 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%. 8. What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. Lets take a look at a few attractive coffee brands and see how they compare to one another. The Store Manager exemplifies Scooter's Coffee . **This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee. 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. Whats more is that Scooters Coffee franchises revenues have been growing steadily over the years. 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). Franchise Chatter is reader-supported. Net Sales are measured by taking Gross Sales and subtracting customer discounts and refunds to customers. We are excited to continue this innovation across all locations nationwide.. 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. Yet, its not cheap either: you would have to invest on average $1,143,250 to open a new Scooters Coffee franchise. Indeed, despite its relatively small size, a Scooters Coffee restaurant makes $797,101 in turnover per year on average. There is no assurance that you will sell or earn as much. The Initial Franchise Fee for an individual Scooter's Coffee Store, regardless of the type of Store you purchase, is $40,000 for each Store. The term Labor Costs includes wages for in-store employees including the manager and payroll taxes, but does not include employee benefits. Assets include cash, stocks, retirement accounts, and real estate. Read our 2. Heres what you need to know if youre interested in opening a Scooter's Coffee franchise. Curious to know where Scooter's Coffee ranked on other franchise lists? The franchise grew by almost 50 locations in 2020, while experiencing historic same-store sales growth. 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. Store makes slightly less revenue than a coffeehouse Store possible costs from low to high that Scooters Coffee.... How they compare to one another means Gross Sales minus Discounts as described further Item... 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