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). Scooters Coffee is an American drive-thru coffeehouse chain with over 500 locations in the US. As the name suggests, Scooter's Coffee is where coffee connoisseurs can "scoot in and scoot out" as they enjoy its premium coffee products. 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. 14. There is no assurance that you will sell or earn as much. 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. We may receive a commission for leads generated from our site. What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. 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. How profitable is a Scooters Coffee franchise? Same-store sales for locations open for at least 13 months is measured each year. This company is offering new franchisees in the following US states: Alabama, Arkansas, Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Kansas, Louisiana, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, New Mexico, Nevada, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Wisconsin, West Virginia, Wyoming. There is no assurance that you will sell or earn as much. That should include reviewing the companys legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers. In Scooters Coffees experience, Overhead expense is an average of $30,000 for Kiosk Stores and $36,000 for Coffeehouse Stores, and it has used these figures in calculating the Estimated Overhead expenses in the above charts. **This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. See Item 19 of the FDD for more information. See Item 19 of the FDD for more information. Get ready for the franchising industry's biggest trade show event of the year. 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. 66 on Entrepreneurs 2022 Franchise 500 list. During 2021, the range of monthly rent paid for both Kiosks and Coffeehouses was $3,500 to $10,000. Royalty also includes the 2% Marketing Contribution. This statement includes the average customer ticket for Kiosk and Coffeehouse franchised Stores that were open during the entire 12-month period ending December 31, 2021 (the Measurement Period) and that provided complete information Scooters Coffee requested respecting such costs. There were 189 Kiosk and 77 Coffeehouse franchised Stores open and operating as of December 31, 2020. With commitments to build new stores in 30 states, the company plans to open many additional locations in 2022. We care about the protection of your data. The following table summarizes the ownership of Stores in operation as of December 31, 2021: This Item 19 does not include financial performance information for any of Scooters Coffees franchised nontraditional Stores as Scooters Coffee currently is not actively marketing non-traditional Stores, and they operate differently from Kiosk and Coffeehouse Stores. Is this a profitable business? Cash Available for Investment0-$99,999$100,000 - $199,999$200,000 - $299,999$300,000+. Heres what you need to know if youre interested in opening a Scooter's Coffee franchise. Prior to joining Scooters Coffee, Heyman served in leadership roles at companies that included Retail Digital Strategy Consulting, Christopher & Banks, Gordmans, Pamida Stores, Distributed Intelligence Systems, Sirius Retail, and Bakers Supermarkets. If a Store first opened mid-month, that partial month of initial operations is not included in the data below. 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). 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. 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.. In mid-April 2022, Scooters Coffee celebrated the grand opening of its 400th location in Katy, Texas. The franchise grew by almost 50 locations in 2020, while experiencing historic same-store sales growth. 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. 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%. 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. Whether youre just starting your research about the growing coffee franchise business, or youre ready to take the next steps toward owning your first Scooters Coffee franchise, we want to talk to you. Last updated on August 29, 2022 by Franchise Chatter Leave a Comment in Coffee Franchise, FDD Talk: Food Franchises, Franchise Earnings. This role builds and leads a friendly, service-oriented barista team, sets a high-energy work pace, drives sales, increases profit, and demonstrates an engaged management style. Before opening a Scooter's Coffee franchise, a designated manager and at least one principal franchisee must attend training. 9. Only then you can pay yourself dividends. Catch up on the latest franchise news, trends, and more. Still, Scooters Coffees model of small drive-thru kiosks provided customers with an outlet to fill their demands for their favorite drinks with efficient, safe service. Learn more about how to become a franchise owner with one of the leading coffee brands in the nation. 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. Your results may differ. Your results may differ. The information presented in this Part 1 is based on information Participating Stores provided to Scooters Coffee. Diving deeper into the same-store sales growth figures, stores built around the drive-thru kiosk model experienced 31% growth. 13. This role builds and leads a friendly, service-oriented barista team, sets a high-energy work pace, drives sales, increases profit, and demonstrates an engaged . The Store Manager exemplifies Scooter's Coffee . LEARN MORE WHO ARE WE SEEKING? 11. For new Scooter's Coffee locations, the brand may offer pre-approved franchise locations tested for viability and demographics. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. 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? DESCRIPTION: The Store Manager is responsible for all staffing, sales, and operations in a Scooter's Coffee location. Start By Evaluating Your Goals. Royalty also includes the 2% Marketing Contribution. The term Labor Costs includes wages for in-store employees including the manager and payroll taxes, but does not include employee benefits. The term Gross Margin means the Net Sales minus the Cost of Goods Sold. Smith earned a Bachelor of Arts degree in Political Science and Business from SMU in Dallas, Texas. Additionally, you will need to have access to at least $50,000 in liquid capital to cover the costs of opening and operating the business. 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. 5. Your results may differ. 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%. Scooters Coffee ranked No. The term Net Sales means sales of all services or products from or through your Store, including any sale of services or products made for cash and/or on credit, regardless of: (i) collection of charges for which credit is given, (ii) whether such sale is conducted in compliance with the Franchise Agreement, and (iii) whether such sale is at the Franchised Location or off-site, but exclusive of discounts. Definition: A discount or other incentive offered to military veterans who buy a franchise with this company. The app is available for download on the App Store or Google Play. 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. To help celebrate this amazing day in Scooters Coffees franchise history, the Katy location debuted Scooters Coffees latest technologies and processes. Scooter's Coffee may offer a starting point and a brand built on outstanding performance. 16. Here's how franchisees can tap into consumer behaviors using strategic messaging and offers that speak to clients wants and needs. The term Net Sales means Gross Sales minus Discounts. 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.

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