Fill out this form and a specialist from the Franchise Brokers Association will reach out to you. See Item 19 of the FDD for more information. 11. This Item 19 also does not include any financial performance information for any of Scooters Coffees affiliate-owned Stores. Total Number of New Stores That Opened During the Calendar Year: 95, Average Gross Sales During the First Full Month of Operations: $85,852, Number and Percentage That Attained or Exceeded the Average: 42/44.2%, Median Gross Sales During the First Full Month of Operations: $83,347, Low Gross Sales During the First Full Month of Operations: $35,521, High Gross Sales During the First Full Month of Operations: $162,422, 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. Reminder: Your username and password are case-sensitive. Everyone watched their spending last year, and yet so many customers saw our products and service worthy of their dollar. The information presented in this Part 1 is based on information Participating Stores provided to Scooters Coffee. Nov 2021 - Jun 20228 months. 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. 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. 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. 103 on Entrepreneurs 2021 Franchise 500 list. How much money can you make with a Scooters Coffee franchise? 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. At the time, coffeehouses were popping up everywhere and the Eckleses wanted to combine quality coffee with drive-thru convenience. 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.. In 2012, there were a total of 100 franchises operating. Indeed, despite its relatively small size, a Scooters Coffee restaurant makes $797,101 in turnover per year on average. Franchise Chatter is reader-supported. 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. 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? 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. According to StartMyCoffeeShop.com, the average coffee franchise owner will take home $66,000 a year. But, ultimately, a coffeehouse or drive-thru coffee kiosk is a business. 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.. For each year, Scooters only included franchised Kiosk and Coffeehouse Stores that remained open and operating as of December 31, 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). Customers can stop at a Scooter's Coffee drive-thru and pick up quality coffee as they begin their day with a smile. Coffee, espresso, smoothies, pastries, breakfast items. The first franchised store opened in Council Bluffs, Iowa. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. 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. That same year, the Eckles decided to start franchising the Scooters Coffee concept. 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. The senior director of drive-thru innovation is a key strategic position at Scooters Coffee as the company strives to achieve growth goals and provide innovative ways for customers to get amazing drinks, amazingly fast. The same-store sales growth figures below compare the Net Sales (as defined below) earned by Participating Stores over the course of a calendar year with the Net Sales earned by the same Stores during the prior calendar year. 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. 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. That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. Before opening a Scooter's Coffee franchise, a designated manager and at least one principal franchisee must attend training. A Scooters Coffee franchise owner salary may rise up to around $320,000 a year, before depreciation, interest, taxes, and any debt service. 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. Definition: The length of time your franchise agreement will last. There were 189 Kiosk and 77 Coffeehouse franchised Stores open and operating as of December 31, 2020. Scooter's Coffee's franchise fee matches Dunkin' Donuts franchise fee minimum of $40,000. 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. As the senior vice president of development, Smiths experience and leadership will help underscore the companys commitment to achieving growth goals while providing innovative ways for customers to get amazing drinks, amazingly fast. Over the next few decades, Scooters Coffee has expanded beyond the Midwest and there are now locations in more than 28 states. Scooters Coffee has not verified or audited this information. Boundless Enterprises, a Nebraska-based LLC, serves as the parent company for Scooter's. On average, you would need to invest $1,143,250 to open a new Scooters Coffee restaurant. Scooter's Coffee may offer a starting point and a brand built on outstanding performance. Cash Available for Investment0-$99,999$100,000 - $199,999$200,000 - $299,999$300,000+. This is your payback period: the time it takes for an investment to repay itself with the future profits. The term Average Customer Ticket means the total amount of Gross Sales during the Measurement Period, divided by the total amount of customer transactions. Opening a Scooter's Coffee franchise could be a strategic move if owning a well-regarded beverage franchise is your dream. 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) 12. For new Scooter's Coffee locations, the brand may offer pre-approved franchise locations tested for viability and demographics. We may receive a commission for leads generated from our site. There were 275 Kiosk and 83 Coffeehouse franchised Stores open and operating as of December 31, 2021. Opening a coffee shop gives its owner many rewards. Only then you can pay yourself dividends. Compare where Scooter's Coffee landed on this years Franchise 500 Ranking versus previous years. For a number of good reasons, many entrepreneurs opt to buy a franchise of a successful coffee concept rather than open as an independent. Initiatives included voice-activated drive-thru capabilities, predictive production management, robotic/automated cooking equipment and more that drove better business efficiencies and performance. How to Find, Vet and FUND a Good Franchise (Webinar), Buying a Franchise on Your Own Can Be Overwhelming, exclusive content for Platinum subscribers, Scooters Coffee (coffeehouse store) franchise costs, Scooters Coffee (kiosk store) franchise costs, Scooters Coffees initial franchise fee, royalty fee, and marketing fee, How to Find, Vet & FUND a Good Franchise. Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees. 15. 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%. We have always built our brand around amazing coffee as well as the amazing people who truly make Scooters Coffee what it is. For every Pup Cup provided on April 22, the Katy location donated $2 to the Houston Humane Society. That confidence in the Scooters Coffee brand has informed much of the franchises future plans for growth. Scooters Coffee has been serving up delicious coffee, tasty treats, and genuine smiles since 1998. 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). 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