Best Coffee Franchise Opportunities for 2024
Water may be the most popular beverage in the U.S., but the runner-up is coffee. Around 1/3 of the American population drinks coffee every day, and around 1/2 drink it at least once per week. With numbers like that, it’s no surprise that the coffee franchise industry is a significant contributor within regional economies and to the U.S. economy as a whole, with an estimated worth of around 11 billion dollars. Due to the sheer volume of American citizens who drink coffee routinely, the coffee franchise industry is very stable. The industry is projected to reach 237.6 billion globally by 2025. The coffee franchise industry accounts for 1.6 % of the total US gross domestic product (GDP). Additionally, the coffee industry provides approximately 1,694,710 jobs in the U.S. The coffee franchise industry has developed essential innovations over time, quickly responding to the changes in consumer demand and meeting the needs of millions of American consumers. This article will discuss some of the emerging coffee franchise trends and the 5 best coffee franchise opportunities for 2023.
Coffee Franchise Trends
One major trend in the coffee franchise industry is a greater focus on the atmosphere. Coffee shops, particularly franchises, are known for not only the delicious, caffeinated drinks consumers can buy there but also for the trendy atmosphere. Coffee chains typically boast unlimited, free Wi-Fi, making them a prime destination for college students and working adults alike. Some coffee franchise opportunities have even begun opening conference areas, in order to further encourage this atmosphere.
The rising trend of coffee shops being the new social and working hub for almost everybody is only expected to become more popular in the coming years.
Best Coffee Franchise Opportunities for 2023
Scooter’s Coffee
Total U.S. Locations |
555 |
Net Unit Growth (3 years) |
288 |
Initial Investment |
$797K-$1.34M |
Royalty Fees |
6% |
Estimated Profits |
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Estimated Resale Value |
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Scooter’s Coffee franchise is a kiosk coffee shop that has been in business for over 10 years. The real estate team will support the franchisee to help choose your franchise location. You and your team will be supported for eight weeks before your grand opening, and you will complete operation training. Also, the operation and support team will always be available for guidance.
Ziggi’s Coffee
Total U.S. Locations |
65 |
Net Unit Growth (3 years) |
43 |
Initial Investment |
$467K-$1.75M |
Royalty Fees |
6% |
Estimated Profits |
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Estimated Resale Value |
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This coffee shop franchise specializes in gourmet coffee and tea, the franchise also sells packaged coffee and other coffee merchandise. The franchise staff is very skilled and well-trained which helps both the franchisee and the customer. As a franchisee, you will be provided with training, an operating manual, and ongoing support.
Xpresso Delight
Total U.S. Locations |
11 |
Net Unit Growth (3 years) |
7 |
Initial Investment |
$85K-$115K |
Royalty Fees |
To learn more check the FDD |
Estimated Profits |
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Estimated Resale Value |
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Xpresso Delight has numerous coffee shop franchise locations nationwide, with an outstanding reputation for the best customer service in this industry. As a franchisee, you will be supported with training and support prior to your grand opening. Also, you will be provided with a business model, access to exclusive territories, and a strong brand.
Coffee Beanery
Total U.S. Locations |
34 |
Net Unit Growth (3 years) |
-9 |
Initial Investment |
$260K-$496K |
Royalty Fees |
4% |
Estimated Profits |
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Estimated Resale Value |
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As a franchisee, you will be provided with a specified location for your franchise; you should operate the franchise by following all guidelines for Coffee Beanery. In addition, you will be provided with a proven business model and award-winning support systems. Coffee Beanery is a great coffee franchise for you if you admire coffee.
Dunkin’
Total U.S. Locations |
8118 |
Net Unit Growth (3 years) |
-195 |
Initial Investment |
$121K-$1.81M |
Royalty Fees |
6% |
Estimated Profits |
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Estimated Resale Value |
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Dunkin is mainly known for selling donuts and coffee in addition to other food items and beverages. Dunkin offers its franchisees ongoing training and strong brand recognition. Additionally, they will provide you with ongoing training and development programs, and comprehensive marketing programs. Their goal is to provide you with any kind of support to make sure that your franchise thrives.
Conclusion
In conclusion, coffee shop franchises can be a great investment opportunity for you if you want to get into the franchising industry and become your own boss. In this article, we discussed some of the trends in the coffee shop franchise industry along with the best 5 coffee franchises for 2023. Hopefully, this can give you an overview of the coffee franchise industry and help you decide better when choosing which franchise to invest in.
