These brands have been the strongest for the longest. Speed, consistency, and an amazing customer experience is at the heart of Scooters Coffees sales growth. Section V Presentation and analysis of Scooters Coffees financial performance representations, based on Item 19 of the companys 2021 FDD, including information on the: The following table summarizes the ownership of Stores in operation as of December 31, 2020: 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. In this FDD Talk post, youll learn the following: Appoints New Vice President of Development. May vary, with recurring contributions up to 3% of Net Sales. When compiling our data from this past year, its clear we have done just that. 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. 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? Royalty also includes the 2% Marketing Contribution. 7 (Tues.), 4 p.m. EST, Register Now to Get Free Access to Recordings of Both Webinars. The investment amount covers all startup costs you need to open a restaurant. The first Scooters Coffee store was a success and by 2001, there were five shops in operation. 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. The first franchised store opened in Council Bluffs, Iowa. 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. To create an amazing experience for each life we touch. 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 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. Here's How to Find Out. 16. Since Scooter's Coffee hit the market, the brand has maintained a solid reputation among customers who depend on its commitments to quality. Showcasing what the future of Scooters Coffee will look like, the Katy site offers the first of many new features for the brand, including exterior digital menu boards, a dual-lane drive-thru, and much more. For a number of good reasons, many entrepreneurs opt to buy a franchise of a successful coffee concept rather than open as an independent. 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. 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. 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. The term Average Customer Ticket means the total amount of Gross Sales during the Measurement Period, divided by the total amount of customer transactions. 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). Scooters Coffee has not verified or audited this information. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee. 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). **This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. Section V Presentation and analysis of Scooters Coffees financial performance representations (average revenues and/or profits), based on Item 19 of the companys 2022 FDD, including information on the: Section VI Key ratios, comparables, computations, and analyses for the Scooters Coffee franchise opportunity (, Site Concept Plan, Preliminary Due Diligence, and Site Work: $44,000 to $477,000, Free-Standing Building and Leasehold Improvements: $264,000 to $796,000 (not including the purchase of land), Architectural and Engineering Fees: $35,000 to $66,000, Equipment, Fixtures, and Furniture: $178,000 to $235,000, Point-of-Sale System and Software: $12,000 to $19,000, Initial Training (travel and living expenses): $5,000 to $8,000, Opening Inventory, Supplies, and Smallwares: $25,000 to $27,000, Additional Funds (3 months): $0 to $86,000, Total Estimated Scooters Coffee Franchise Costs (Coffeehouse Store): $666,500 to $1,847,500, 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), Architectural and Engineering Fees: $35,000 to $62,000, Equipment, Fixtures, and Furniture: $168,000 to $176,000, Total Estimated Scooters Coffee Franchise Costs (Kiosk Store): $794,500 to $1,264,500, Local Marketing and Advertising Commitment: none currently, although Scooters Coffee may require you to spend up to 2% of Net Sales for local marketing and advertising in the future. 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. Privacy Policy. 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). At the time, coffeehouses were popping up everywhere and the Eckleses wanted to combine quality coffee with drive-thru convenience. Your individual results may differ. Mar. Scooter's Coffee's franchise fee matches Dunkin' Donuts franchise fee minimum of $40,000. Your email address will not be published. What you need to know: Net worth is the value of a person's assets minus liabilities. 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. 5. The average profit for a small coffee cafe is 2.5 percent of gross sales. Net Sales also includes the fair market value of any services or products you receive in barter or exchange for your services and products. 15. 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). Franchisees will also need to meet the company's set net worth and liquid capital requirements. That's right, Cafe2U is coffee on wheels. 14. Which Franchise Is Right for You? Never miss a beat when you sign up to receive our newsletter. 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. This information is based upon 217 locations that were open during the entire 2021 calendar year and provided complete information. Initiatives included voice-activated drive-thru capabilities, predictive production management, robotic/automated cooking equipment and more that drove better business efficiencies and performance. 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. 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. Royalty also includes the 2% Marketing Contribution. In mid-April 2022, Scooters Coffee celebrated the grand opening of its 400th location in Katy, Texas. The Eckles were inspired to open their own coffee shop while they were living in California where they witnessed the growth of the specialty coffee industry and drive-thru coffee concepts. Compared to the year before, Scooters Coffee stores saw an increase of more than 26%. This Item 19 is separated into five sections. On average, a Biggby Coffee franchise makes $186,995 in profits per year. The term Gross Margin means the Net Sales minus the Cost of Goods Sold. There is no assurance that you will sell or earn as much. We are excited to continue this innovation across all locations nationwide.. See Item 19 of the FDD for more information. For example, a Kiosk Store makes slightly less revenue than a Coffeehouse Store. Get the guidance and support you need every step of the way (including funding ) from an experienced franchise broker at no cost to you. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee. With more than 35 years of experience in information technology, Heyman has successfully led digital transformation for entrepreneurial endeavors and large public enterprises. Scooter's Coffee. This is your payback period: the time it takes for an investment to repay itself with the future profits. The term Card Processing is the estimated cost of processing debit card, credit card, and gift card payments on Store sales. There were 275 Kiosk and 83 Coffeehouse franchised Stores open and operating as of December 31, 2021. Wake up to the ahhh-mazing aroma of quality. We have always built our brand around amazing coffee as well as the amazing people who truly make Scooters Coffee what it is. There is no assurance that you will sell or earn as much. 3 (Fri.), 11 a.m. EST, Top Pick Franchises Mar. 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. He was enlisted in the United States Air Force where he was a computer programmer, served on the base Honor Guard, and completed a tour of duty in Kuwait. Assets include cash, stocks, retirement accounts, and real estate. The information presented in this Part 2 is based on information Participating Franchisees provided to Scooters Coffee. Need help? 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. 12. The 29% adjusted EBITDA margin is on the higher end compared to similar franchises as per our intelligence (~25-27% industry average). 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. 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. Rather, you may need to deduct taxes, debt interest expenses, and other costs. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company. 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. 'S Coffee hit the market, the brand has maintained a solid reputation among who! 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