TL;DR
The coffee industry is a massive market with annual spending of $74.2 billion, and emerging coffee franchises have opportunities to grow. Giant chains like Dunkin' and Starbucks claim only a modest share of the segment.
2020 saw dramatic changes in just about every segment in franchising, but if there’s one thing we can be certain of, it’s that coffee isn’t going anywhere. To paraphrase the slogan of one of the brand’s on our list, America runs on coffee, which is why we spend approximately $74.2 billion on it annually, accounting for 1.6% of our country’s entire gross domestic product.
Coffee is a massive industry. So big that even giant, global chains like Dunkin’ and Starbucks claim only a modest share of the segment, leaving plenty of room smaller and emerging coffee franchises, some of whom we represented on this list.
If you’re looking to get into the coffee game in 2021, you’ve got plenty of options to choose from. Here are 10 of our favorites.
Startup costs: $189,000-$378,000
Units: 240+
1851 Brand Newsroom
Startup costs: $719,000-$1,400,000
Units: 3,381
Startup costs: $198,000-$578,000
Units: 123
Startup costs: $200,000-$1,700,000
Units: 13,125
Startup costs: $340,000-$828,000
Units: 105
Startup costs: $390,000-$861,000
Units: 279
Startup costs: $191,000-$1,200,000
Units: 29
Startup costs: $257,000-$702,000
Units: 70
Startup costs: $285,000-$326,000
Units: 80
Startup costs: $185,000-$473,000
Units: 6
In this story
This story was originally published in 1851 Franchise on March 25, 2021. Burnaze summarizes and links to the original reporting.
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