TL;DR
BIGGBY COFFEE, a high-energy coffee franchise with 379 units nationwide, is a great franchise to consider with a relatively affordable investment requirement of $246,305 to $564,626. The franchise provides support in areas such as site selection, initial hands-on training, marketing, and ongoing support.
Want to join the 165.7 billion coffee shop market ? BIGGBY® COFFEE , the high-energy coffee franchise with 379 units nationwide, is a great franchise you should definitely consider.
With a relatively affordable investment requirement of $246,305 to $564,626 and major growth plans on the horizon, BIGGBY® COFFEE is a prime opportunity for aspiring franchise owners. Here’s a look into what you can expect to pay and to get in return.
Below is a breakdown of the initial investment for BIGGBY® COFFEE :
Initial Franchise Fee: $20,000
Real Property Rental: $2,305 - $21,326
Leasehold Improvements: $135,000 - $290,000
Furniture, Equipment and Decor: $48,000 - $82,000
Drive-Through Equipment: $0 - $16,500
Blueprints, Plans and Permits: $5,500 - $34,800
Interior and Exterior Signage: $4,000 - $18,000
Initial Inventory: $9,000 - $14,000
Insurance: $3,500 - $4,500
Utility Expense: $500 - $4,000
License Permits and Other: $1,000 - $2,500
Initial Advertising and Grand Opening Promotions: $9,500
Misc. Travel and Living Expenses for Training: $500 - $5,000
Organizational Expenses: $2,000 - $2,500
Additional Funds - Three Months: $5,000 - $40,000
Total Estimated Initial Investment: $246,305 - $564,626
The total costs include access to the brand’s support platform, as well as buildout, equipment costs, and more. To help franchisees keep costs low on an ongoing basis, BIGGBY® COFFEE has developed a streamlined business model to reduce labor costs, as well as significant technology to help franchisees manage inventory and sales.
BIGGBY® COFFEE provides a 50% discount on the initial franchise fee for qualified, honorably discharged United States Military Veterans who are interested in owning a business.
When it comes to financing, the franchise has relationships with third-party lenders who will help franchisees through the process.
BIGGBY® COFFEE boasts higher than average sales compared to the rest of the coffee shop industry, it says on its website . The business model is designed to help franchise owners maximize profitability and operate effectively, while shops are streamlined to reduce ongoing costs, and the simple menu is engineered for speed and efficiency.
According to the franchise’s 2023 Franchise Disclosure Document, average gross sales systemwide in 2022 were $750,029.
When investing in a BIGGBY® COFFEE franchise, franchisees can expect support in the following areas:
Site Selection & Buildout: An experienced team assists in choosing the best location, determining the ideal business model, negotiating lease agreements, and overseeing the entire buildout process.
Initial Hands-On Training: Multi-day training at the brand’s headquarters includes classroom sessions covering marketing, business plan development, community networking, and more. Owners also gain practical experience by working in an operational BIGGBY® COFFEE location, learning menu preparation, guest interactions, inventory management, and POS system usage.
Marketing Support: BIGGBY® COFFEE offers extensive marketing support to franchisees, covering various aspects of community outreach and engagement. This includes digital marketing, social media management, design and distribution of promotional materials, and more.
Ongoing Support: The franchise provides continuous support to franchise owners through regular webinars, phone calls, and in-person visits to ensure smooth business operations and address any questions. An online database of training videos and materials is accessible for ongoing assistance. Franchisees are encouraged to reach out to the support team at any time, emphasizing the importance of their voices being heard.
If all of this sounds good to you, BIGGBY® COFFEE is actively seeking passionate entrepreneurs who are ready to make a difference. The franchise plans to reach the 500-unit mark by the end of next year and the 1,000-unit mark by 2028. And with wide-open territory available in prime markets, the time has never been better.
In this story
This story was originally published in 1851 Franchise on March 7, 2024. Burnaze summarizes and links to the original reporting.
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