Regional Marketing and Advertising Cooperatives: none currently. 1. Need help? 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. Coffee, espresso, smoothies, pastries, breakfast items. Scooter's Coffeehas been ranked in Entrepreneur's Franchise 500 multiple times in recent years. 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. 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%. 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. 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. It was founded in 1998 in Bellevue, Nebraska, by Don and Linda Eckles. 16. 2. 5. 3. The remaining Kiosk and Coffeehouse franchised Stores open as of December 31, 2020 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 company is seeking to expand its reach even further, potentially making it an intriguing option for entrepreneurs. The term Gross Margin means the Net Sales minus the Cost of Goods Sold. Katy is one of our first locations to offer a dual-lane drive-thru to really enhance the speed in which our customers are getting through the drive-thru from start to finish. 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. We are excited to continue this innovation across all locations nationwide.. See more Food Franchises in USA in the catalog . In the competitive coffee shop market, Scooter's Coffee may be a brand with a formidable reputation that continues to solidify itself year after year. 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.. 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? The app is available for download on the App Store or Google Play. . Nov 2021 - Jun 20228 months. Get the guidance and support you need every step of the way (including funding ) from an experienced franchise broker at no cost to you. Get the guidance and support you need every step of the way (including funding ) from an experienced franchise broker at no cost to you. Subscribe to Scooter's Coffee delivery and enjoy 100% Arabica beans, sourced directly from farmers who take pride in their product. The term Card Processing is the estimated cost of processing debit card, credit card, and gift card payments on Store sales. The new Cold Brews are the company's first foray into the ready-to-drink coffee category and come in three initial varieties: 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). Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses. The term Gross Margin means the Net Sales minus the Cost of Goods Sold. For example, a Kiosk Store makes slightly less revenue than a Coffeehouse Store. During 2020, the range of rent paid for Kiosks was $3,600 to $52,401, and the range of rent paid for Coffeehouses was $12,000 to $112,441. For every Pup Cup provided on April 22, the Katy location donated $2 to the Houston Humane Society. Scooters Coffee has not verified or audited this information. Our listings and rankings are solely research tools you can use to compare opportunities. 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%. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee. The franchise grew by almost 50 locations in 2020, while experiencing historic same-store sales growth. A typical franchise agreement runs for ten years. The Store Manager exemplifies Scooter's Coffee . 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). Overhead employees are not included in the labor calculations above. The information presented in this Part 2 is based on information Participating Franchisees provided to Scooters Coffee. 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%. 9. In this FDD Talk post, youll learn the following: Appoints New Vice President of Development. 7. 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. Yet, its not cheap either: you would have to invest on average $1,143,250 to open a new Scooters Coffee franchise. 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. 8. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high. There are hundreds of Scooters Coffee franchises throughout the United States. Smith earned a Bachelor of Arts degree in Political Science and Business from SMU in Dallas, Texas. And once 2018 rolled around, they had a total of 171 franchise locations. There is no assurance that you will sell or earn as much. 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. 12. Earnings Before Depreciation, Interest, Taxes, and Debt Service: $170,116 (21.23%), Earnings Before Depreciation, Interest, Taxes, and Debt Service, Earnings Before Depreciation, Interest, Taxes, and Debt Service: $172,443 (19.48%), Your email address will not be published. Scooters Coffee has not verified or audited this information. May vary, with recurring contributions up to 3% of Net Sales. 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. Yet, this adjusted EBITDA does not mean you will earn 21.2% of the total revenue as the net profit. Scooters Coffee has not verified or audited this information. 6. Find out below. 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. According to StartMyCoffeeShop.com, the average coffee franchise owner will take home $66,000 a year. 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) 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). Compare where Scooter's Coffee landed on this years Franchise 500 Ranking versus previous years. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee. 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. Come Apply At iHeartCoffee, A Scooter's Coffee Franchise! That's right, Cafe2U is coffee on wheels. 13. The company serves as a drive-thru coffeehouse and offers specialty lattes, espresso beverages, blended smoothies, teas and pastries through its franchises. Initial investments: $794,000 - $1,264,500 Net Worth Requirement: $500,000 Liquid Cash Requirement: $200,000 Estimated Initial Investment What you need to know: Net worth is the value of a person's assets minus liabilities. Use Our Free Financial Calculator, FDD Talk: Premier Martial Arts Franchise Costs, Fees, Average Revenues and/or Profits (2022 Review), FDD Talk: CycleBar Franchise Costs, Fees, Average Revenues and/or Profits (2022 Review), Section I Estimated initial investment (franchise costs) for a Scooters Coffee franchise, based on Item 7 of the companys 2022 FDD, Section II Initial franchise fee, royalty fee, and marketing fee for a Scooters Coffee franchise, based on Items 5 and 6 of the companys 2022 FDD, Section III Number of franchised and company-owned Scooters Coffee outlets at the start of the year and the end of the year for 2019, 2020, and 2021, based on Item 20 of the companys 2022 FDD, Section IV Background information on the Scooters Coffee franchise opportunity, including relevant news updates. 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. Scooters Coffee ranked No. Scooters Coffee also may offer exclusive territories, potentially setting up franchisees for success by weighing all factors. Net Sales also includes the fair market value of any services or products you receive in barter or exchange for your services and products. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. 9. Never miss a beat when you sign up to receive our newsletter. Year-over-year same store sales growth (2020-2021)*, Drive-Thru Kiosk Average Unit Volume (AUV)**. Prior to Scooters Coffee, Lester led strategic initiatives for the past 9 years at McDonalds, enabling a superior customer experience. Cash Available for Investment0-$99,999$100,000 - $199,999$200,000 - $299,999$300,000+. 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.. 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