COFFEE BEANERY Franchise Startup Cost, Profit & Opportunities
Do you ever see coffee shops and think of a day you will own your own? If yes, you will need to consider Coffee Beanery franchise opportunity and see if you can fit in and become a coffee shop owner.
Founded in 1976, Coffee Beanery has been operating for more than three decades, but it was however in 1985 that the company began offering franchise opportunities to interested and qualified candidates from the public. Today, the company has its headquarters located at 3429 Pierson Pl. Flushing, MI 48433.
If you are interested in starting up as one of Coffee Beanery franchisees, then this article will benefit you as it would highlight some of the major details about Coffee Beanery franchise as well as how to go about starting up your own Coffee Beanery shop, such as the start up cost required to stat up a Coffee Beanery shop, the required franchise fee, the trainings and supports available to you as a qualified franchisee, the terms of agreement and renewal, as well as how you could sign up to become a Coffee Beanery franchisee.
The Coffee Beanery Franchise Information
Coffee Beanery franchise is a chain of coffee shops that has its headquarters located in Flushing, Michigan, United States, having several other shops located in various places in Asia and Europe. Founded in Dearborn, Michigan in 1976, Coffee and Beanery franchise operates more than 100 shops alone in the United States.
With the help of her husband, Julius Shaw, Coffee Beanery was founded by JoAnne and Julius Shaw. Today the coffee shop chain now has its Chairman Executive Officer (CEO) and President as JoAnne Shaw and Kevin Shaw as the vice president.
Coffee Beanery coffee shops focus on the sales of coffee, tea, and smoothies to customers ranging from espresso-based beverages, tea, spices, coffee beans, salads, sandwiches, baked goods, to other beverages and coffee accessories.
Coffee Beanery franchise offers prospective franchisees three different types of franchise opportunities which include single unit, area development, and area franchising. You must, however, note that franchisees are not given an exclusive territory. This simply means that you may have to combat with competition from other franchises.
To qualify as one of Coffee Beanery franchisees, all you have to do is to fulfill the first and most important part of the requirements which is the financial requirements. You do not require any special skills and training prior to applying to becoming one of Coffee Beanery franchisees; the needed training will be provided to you as soon as you become approved.
How much does a Coffee Beanery Franchise Cost?
If you are interested in starting up a Coffee Beanery shop, it will cost you a minimum liquid capital of $150,000, in addition to the other financial requirements.
Coffee Beanery Franchise Fee
The franchise fee required from you as a prospective franchisee before you can become one of Coffee Beanery franchisee amounts to $27,500. Royalty fee comes as 5% of gross sales, while advertisement fee comes as 2% of gross sales.
Coffee Beanery Franchise Startup Cost
A total investments capital which ranges from $68,375 – $545,000 will be required from you as part of the needed requirements to becoming one of Coffee Beanery franchisees.
Coffee Beanery Franchise Membership Training, Requirements and Support
If you succeed to become one of Coffee Beanery franchisees, you will enjoy the following benefits both in training and supports:
- As soon as you become one of Coffee and Beanery franchisees, you become entitled to use the business name and trademark which has brought lots of franchisees business success over the years.
- You will begin using the proven business system of the franchisor.
- You will receive assistance from the franchisor as regards site selection and evaluation.
- As soon as you have been approved as one of Coffee Beanery franchisees, you will undergo a thorough training which will prepare you for the business. This training will last anywhere from 7 to 15 days.
- You and your staff will receive ongoing support and assistance from the franchisor from time to time in marketing and other aspects of the business.
- The franchisor does not offer to franchisees any financial assistance whether direct or indirect.
Coffee Beanery Franchise Application and Terms of Agreement
The initial franchise agreement stipulates fifteen (15) years, which is subject to renewal of another fifteen (15) years if you are found to meet up with the requirements at the expiration of the initial agreement.
How much does a Coffee Beanery Franchise Make?
The amount of sales revenue a Coffee Beanery franchise makes is dependent on a number of factors such as size, location or territory, etc. However, a lot is dependent on the ability of the franchisee to follow the business system set out by the franchisor. The Coffee Beanery franchise makes estimated revenue of $14 million and a net income of $24,295.
How to Open a Coffee Beanery Franchise
Once you have shown your interest to become one of Coffee Beanery franchisee, then you must quickly visit their website at https://www.coffeebeanery.com/ to get more information concerning the sign-up procedure. Also, you could call their telephone line at 810.733.1020 or email them at email@example.com to get more detailed information regarding how you should go about the sign-up procedure.