Five Lakes Coffee is a specialty coffee shop offering proprietary coffee products, baked goods, and confections. The franchise creates a warm and inviting atmosphere for coffee lovers to enjoy high-quality beverages and treats.
Key Insights
- Five Lakes Coffee developed from extensive market research that identified critical gaps in customer satisfaction and service quality, leading to the creation of comprehensive solutions that combine proven business practices with innovative approaches to meet evolving consumer expectations and demands.
- Professional development keeps staff current with industry trends, best practices, and emerging technologies to ensure optimal service delivery and customer satisfaction while maintaining competitive advantages and adapting to changing market conditions and client expectations.
- Regulatory developments create opportunities for professional service providers who maintain compliance standards and quality certifications, establishing competitive advantages for businesses that invest in proper training, procedures, and documentation to meet industry requirements.
Franchise Fee and Costs to Open
Exploring the financial picture of Five Lakes Coffee gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $383,300 - $631,500, along with a franchise fee of $35,000 - $35,000.
Financial Performance and Revenue
Training and Resources
Techie Kids Club provides comprehensive initial training. This program is two weeks long and is conducted at our headquarters. The franchisor offers a robust set of resources, including operational manuals and marketing materials. Techie Kids Club recommends utilizing these to establish a successful club. Online learning modules are also available.
Legal Considerations
Legal considerations for a Five Lakes Coffee franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
A franchisee might encounter considerations around local market saturation and the need for consistent access to specialized technology and educational materials. Managing a team of instructors with varying skill sets and ensuring a standardized curriculum delivery presents operational complexity. Dependence on timely technology upgrades and engaging software can also be a factor.
Franchise Datasheet
FAQs
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