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Can you purchase a franchise of Starbucks?
Are you curious?
How is a Starbucks franchise purchased?
We Americans now anticipate having a café in our area because to Starbucks’ tremendous work in establishing the café culture in the country. We look for a nice spot to meet friends, get away from the office, or just hang around and get some work done. We adore our lattes and espresso beverages.
Can you buy a Starbucks In 2023?
Specialty coffee is seeing a continuous growth surge that shows no signs of slowing down, and there are lineups outside of nearly every nearby Starbucks. Sounds like a great franchise to possess, don’t you think?
What is Starbucks?
The Starbucks Corporation is a multinational chain of coffeehouses founded in 1971. Starbucks is the world’s largest coffeehouse company with more than 30,000 locations worldwide.
How much does a Starbucks franchise cost is a common search for potential investors, but they have a different model.
So, Can you buy a Starbucks franchise for sale?
Unfortunately, No. Starbucks stuck to the corporate owned path for expansion and raised capital so they could own all of their stores.
They do have a license program for hotels and non-traditional locations but sadly, when searching for the starbucks franchise cost or requirements you find Starbucks don’t sell franchises and if you want one, you are out of luck.
Needing to look beyond a Starbucks franchise? What to do?
We recommend researching a complimentary coffee business that thrives in the same trade area – even across the street – from that desired Starbucks franchise. Have a few Starbucks in your community? Chances are you are sitting on a good opportunity to open your own coffee franchise.
The good news? Opening a smaller, more boutique coffee franchise is often less expensive than a Starbucks would be and comes with financing options, training and ongoing support. There are several growing coffee brands you can research and some of the best ones are the ones that you haven’t heard of.
We’re fans of Just Love Coffee, which offers a café franchise offering that showcases some award-winning specialty coffee and a unique food menu that increases daily sales. Founded in 2009, Just Love has been growing rapidly since it began franchising and has a goal of getting to 200 locations in the next five years.
It takes advantage of two important trends: the increasing demand for fair trade and organic, locally roasted coffee and brunch-inspired breakfast foods. Both are underserved in most markets and with Just Love Coffee, you get two businesses that operate together to post sales numbers much higher than other, similar coffee franchise opportunities.
How do you buy a Just Love Coffee Franchise?
If you were thinking in buying a Starbucks franchise, you might have to have well over $1million in working capital, roughly the same as a Dunkin Donuts or Tim Hortons franchise would cost. With a Just Love Coffee franchise, total investment starts in the mid $200s and owners typically have $50-80,000 in working capital and take out an SBA loan, use home equity or borrow from their 401K.
Visit the franchise information website for Just Love Coffee and download the information report. If you like what you see start a conversation with a franchise recruiter and see if you are a fit.
A conclusion about opening a Starbuck franchises
Opening a coffee franchise that can be a good alternative to a Starbucks franchise in your market might be easier than you think, even though you can’t buy a Starbucks!
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