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General

Industry

Food and Beverage

Category

Coffee

SBA Identifier

Year of Founding

2017

Fees

Marketing Fee

2%

Royalty Fee

Varies

Franchise Fee

$30,000-$30,000

Investment Range

$442K-$927K

Location units

Total U.S. Locations

2

U.S. Franchised Units

0

U.S. Corporate Units

2

Headquarters (City)

Chino

Other

Item 19 - Franchise Financials

Yes

Financing Availability

no

Started Offering Franchises

2018

Issuance of FDD Data

03/31/2022

What to know about Dripp franchise?

We offer franchises for the operation of a retail specialty coffee bar offering our unique selection of fresh roasted specialty coffee, espresso-based coffee drinks, iced and blended coffee drinks, tea and tea-based drinks, specialty lemonades, and other hot and cold beverages, assorted bakery products which include, pastries and cookies, ice cream, fresh deli sandwiches, and specified merchandise, using the Dripp® “Marks” and franchise “System” (as defined in the Franchise Agreement). At the center of our franchise system is our directly sourced, "Specialty Coffee" that meets or exceeds the requirements set by the Specialty Coffee Association "SCA", with over all scores of 85+ points. Our beverages and ice cream sandwiches are made to order, and all our products are always made fresh on-site to provide rich, full flavors. Our franchisees must bring this same sensibility to the Franchised Business and be willing to take the time and invest the money required to produce our unique line of quality products in the relaxed atmosphere that emanates from our proprietary interiordesign and other specifications. Each “Dripp® Coffee Bar” (as defined in the Franchise Agreement) is operated according to our high System Standards for an exceptional customer experience that positively represents our brand.

Dripp is based in Chino, CA. Scroll down to learn more!

How much does a Dripp franchise cost?

Are you wondering how much is a Dripp franchise? Before starting a Dripp franchise, it is important to know the franchise fee, working capital and other costs required to start the business.

The minimum investment amount required to open a Dripp franchise is $442,330 and can go all the way up to $926,700. Keep in mind, you should also allocate additional funds to live off of while the Dripp business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 Dripp franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a Dripp business 2) pass break even 3) hit significant income.

After (and if) you pass the point of earning significant income from your Dripp franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.

Franchise Net Unit Growth

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Industry Report Request

Download our guide to compare Dripp. Hotels to the Coffee, Outdoor Food and Beverage industry.

Additional Details

How much does a Dripp franchise owner make?

Dripp franchise earnings and revenue can vary significantly from one franchisee to another.
The Dripp franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.

Dripp discloses financials at the unit level. In other words, they show how much Dripp franchisees made in the past. Through analyzing this information available in the metrics tab, it can serve as a good basis to further explore the opportunity or not.

At Vetted Biz, we advise you to speak with 5 to 10 franchisees to understand how much money they are making from the Dripp franchise. Roughly 60% of franchises disclose financials and it makes the process easier when filtering potential franchise opportunities like Dripp. Don’t just speak to existing franchisees, call franchisees who have recently left the system and try to find out how much those Dripp owners were making.

Visit the Dripp metrics tab to explore the financials for this business.

What is the Dripp franchise fee?

Owning a Dripp franchise requires Varies royalty fee and 2% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship. There may be other ongoing fees disclosed in the Dripp Franchise Disclosure Document

Keep in mind, there is also an initial Dripp franchise fee of $30,000 that is included in the initial investment amount of $442,330 to $926,700. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the Dripp franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the Dripp franchise fee of $30,000.

Visit the Dripp metrics tab to explore the financials for this business, royalty and marketing fees compare to other Food and Beverage franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.

When was Dripp founded?

Dripp started offering franchises in 2018. Dripp was founded 5 years ago in 2017.

At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!

How many Dripp locations are in the U.S.?

As of 2022, there were 0 locations across the U.S. There are also corporate locations. Most Food and Beverage franchises like Dripp have more franchised locations than corporate locations.

How many Dripp franchises opened over the past few years?

Over the prior 3 years we have data for, Dripp has opened 0 outlets throughout the U.S. Visit the Dripp metrics tab to explore how the openings compare to other Food and Beverage franchises.

How many Dripp franchises closed over the past few years?

Over the prior 3 years we have data for, Dripp has closed 0 outlets throughout the U.S

Visit the Dripp metrics tab to explore how the openings compare to other Food and Beverage franchises.

Is Dripp growing? Are they opening more locations than they are closing?

The net unit growth rate for Dripp over the past 3 years is 0%. Over the last year we have data for, Dripp had a net unit growth rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Dripp growth rate compares to 2,000+ other franchises and Industry franchises like Dripp. More info in the Dripp metrics tab.

Is Dripp franchise eligible for an SBA Loan?

Dripp is not eligible for SBA loans including the 7(a) loan last time we checked.

Dripp franchise does not have a SBA Franchise ID and was not in the SBA Franchise Directory. The SBA Franchise Directory will only include business models like Dripp that are reviewed and found eligible under SBA’s affiliation rules and other eligibility criteria.

To find out more about the SBA loan program for franchising click here.

Is Dripp a franchise in the United States?

According to the SBA, Dripp does not meet the Federal Trade Commission (FTC) definition of a franchise.

Many popular brands like Starbucks and Topgolf are not franchises in the U.S. but franchise outside of the United States. Be sure the franchisor provides you with an updated Franchise Disclosure Document as this is one of the key indicators that the business opportunity is truly a franchise in the U.S.

The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items of about the franchise, its officers, and other franchisees. Be sure that Dripp provides you with an FDD if you are in discussion to buy a Dripp

What is the Dripp Franchise for Sale Rate?

The Dripp systemwide health and franchisee satisfaction can be measured by the Drippfranchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.

Dripp franchise for sale rate over the past 3 years is 0%. Over the last year we have data for, Dripp had a franchise for sale rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Dripp franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Dripp. More info in the Dripp metrics tab.

What is the Dripp Franchise Failure Rate?

Dripp franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!

Dripp failure rate over the past 3 years is 0%. Over the last year we have data for, Dripp had a franchise failure rate of 0%.

Without a comparison, this number doesn’t mean much. Compare how the Dripp franchise for sale rate compares to 2,000+ other franchises and Industry franchises like Dripp. More info in the Dripp metrics tab.

How can I find out more details on Dripp franchise?

Visit the Dripp metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today today for exclusive access on this franchise opportunity!

Investment Midpoint

The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document

Dripp

$684,515

Industry median

All franchises median

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Royalty Fee

The median royalty fee from the Franchise Disclosure Document

Dripp

Varies

Industry median

All franchises median

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Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Dripp

$30,000

Industry median

All franchises median

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Item 19 – Financial Performance Representations

Historical financial performance representations

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Franchise Financials

Franchisor company financial information and financial performance representations, if disclosed by the franchisor.

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Franchise Disclosure Document

Download Latest FDD (2022)

General

Industry

Food and Beverage

Category

Coffee

SBA Identifier

Year of Founding

2017

Fees

Marketing Fee

2%

Royalty Fee

Varies

Franchise Fee

$30,000-$30,000

Investment Range

$442K-$927K

Location units

Total U.S. Locations

2

U.S. Franchised Units

0

U.S. Corporate Units

2

Headquarters (City)

Chino

Other

Item 19 - Franchise Financials

Yes

Financing Availability

no

Started Offering Franchises

2018

Issuance of FDD Data

03/31/2022

Detailed Franchise metrics for Dripp

Detailed Franchise Metrics are metrics calculated and reviewed by Vetted Biz. You can find the available metrics for Dripp below. “N/A" or Not Applicable results mean that there is not enough data available to compute a precise rate or that the result is not mathematically computable. When results are not mathematically computable, you should pay attention to the absolute values (#) instead of the percentage rate itself.

Franchise Fee Midpoint

Payment that the franchisee must pay to the franchise owner in order to start a franchise.

Dripp

$30,000

Industry median

All franchises median

Unlock premium content

Franchise Disclosure Document

Download Latest FDD (2022)

Failure Rate

Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.

 

1 year

3 years

Dripp

NA

0%

Industry median

All franchises median

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Franchise for Sale Rate

The percentage of units transferred to new franchisees and reacquired by franchisor.

 

1 year

3 years

Dripp

NA

0%

Industry median

All franchises median

Unlock premium content

Business details

Website

https://***********.com

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Business email

**********@******.com

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Mailing address

4300 Edison Avenue

State headquarters

California

Key leadership

Dripp

Phone

+1 (000) 0********00

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City

Chino

Zip code

91710
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