The Human Bean is a drive-thru coffee shop chain specializing in espresso drinks and related products. The franchise provides a quick and convenient service for customers, offering a variety of coffee and specialty beverages.
Key Insights
- The Human Bean began with a commitment to providing quality coffee and a welcoming atmosphere, growing from its origins into a recognizable brand across multiple states. The business emphasizes building community and fostering positive customer interactions at each location, aiming for a consistent experience for all patrons.
- Operating as a drive-thru coffee franchise, The Human Bean focuses on efficiency and convenience, serving a diverse menu of coffee beverages, teas, and other popular drinks. The business model prioritizes streamlined operations to meet customer demand quickly and effectively.
- The franchise operates within the dynamic and expanding coffee shop industry, a sector known for its steady consumer interest and evolving preferences. This environment presents ongoing opportunities for businesses that can adapt to market trends and maintain a strong brand presence.
Franchise Fee and Costs to Open
Exploring the financial picture of The Human Bean 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 $562,090 - $1,290,931, along with a franchise fee of $30,000 - $30,000.
Financial Performance and Revenue
Yearly gross sales of $837,097 and estimated earnings of $100,452 - $125,565 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 8.7-10.7 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
The Human Bean provides comprehensive training for new franchisees. This initial training, lasting two weeks, is conducted at The Human Bean's headquarters. The franchisor offers a robust training program covering operational aspects and customer service standards. Resources are provided to support franchise success.
Legal Considerations
Legal considerations for a The Human Bean 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 may encounter challenges in navigating local market competition, requiring strategic differentiation. The operational complexity of a drive-thru model demands efficient workflow and staff training. Reliance on specific supply chains for ingredients presents considerations regarding consistency and availability, influencing product quality and cost.
Franchise Datasheet
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