What Does A Starbucks Franchise Cost
Owning a franchise business is the most effective and safest way to step foot into the entrepreneurial world. It gives you the leverage of using the brand name of the franchisor without having to start from scratch. The popularity of the franchisor helps the franchisee to grow. For this reason, many entrepreneurs often wish to know how to buy a Starbucks franchise and ask what does a Starbucks franchise cost. Starbucks is the focus of attraction for entrepreneurs because of the high popularity it has all across the United States. Today we will be telling you about the Starbucks franchise fee and how to buy it.
Starbucks is the name that comes to your mind when you think of coffee or Cappuccino. Headquartered in Seattle, Starbucks is the leader in delivering excellent coffee that is made by roasting high quality coffee beans and has a number of stores located all over the world. Their main aim is to provide a place where people can meet new people, communicate, exchange views and make acquaintances over a cup of coffee or Cappuccino. They always try to add a human touch to their service in little ways which makes them a unique and much sought after coffee store in all of the USA.
What Does A Starbucks Franchise Cost
Owning a franchise business is the most effective and safest way to step foot into the entrepreneurial world. It gives you the leverage of using the brand name of the franchisor without having to start from scratch. The popularity of the franchisor helps the franchisee to grow. For this reason, many entrepreneurs often wish to know how to buy a Starbucks franchise and ask what does a Starbucks franchise cost. Starbucks is the focus of attraction for entrepreneurs because of the high popularity it has all across the United States. Today we will be telling you about the Starbucks franchise fee and how to buy it.
Starbucks is the name that comes to your mind when you think of coffee or Cappuccino. Headquartered in Seattle, Starbucks is the leader in delivering excellent coffee that is made by roasting high quality coffee beans and has a number of stores located all over the world. Their main aim is to provide a place where people can meet new people, communicate, exchange views and make acquaintances over a cup of coffee or Cappuccino. They always try to add a human touch to their service in little ways which makes them a unique and much sought after coffee store in all of the USA.
What Does A Starbucks Franchise Cost
Whenever you think of the most awesome coffee or Cappuccino, Starbucks is the first name that comes to mind. Being the global leader in delivering excellent coffee made by roasting high quality coffee beans, they have carved a neat niche for themselves in the global coffee market.
From the USA to India, Starbucks is spread all over the world, having their main office at Seattle USA. It has always been the aim of Starbucks to provide a place where people can chat, exchange views over a cup of coffee or Cappuccino and relax. Through all their operations, they try to add a human touch to their services which makes them one of a kind.
It is for this reason, Starbucks has fascinated the aspiring franchise owners and they wish to own a Starbucks franchise because of its wide brand recognition and loyal consumer base.
When you ask what does a Starbucks franchise cost, then there is a very big chance that you are looking to buy one. But here’s the catch, Starbucks doesn’t offer any franchises in the United States. The CEO of Starbucks, Howard Schultz, gave a statement that it is impossible to regulate the same level of perfection at all franchise locations and that is why Starbucks doesn’t offer direct franchises. However, you need not lose hope as Starbucks offers another way which allows you to have your own Starbucks cafe. It is through licensed stores.
What is Starbucks licensed store
Starbucks offers the option of starting licensed stores. If you are already an owner of a business or location that can help Starbucks reach a new demographic, Starbucks lets you add a Starbucks to that location and this procedure is fairly common in the USA. According to a survey, about 41 percent of Starbucks stores are actually licensed stores. The beverage company helps licensed stores with many aspects of the business, including store design, the Starbucks menu, equipment, training and support, food, promotions and onsite visits.
What does it take to own a Starbucks franchise
The first and foremost thing that is required to own a franchise of Starbucks is to have a mentality and mindset like that of Starbucks. You must always try to follow the business code of Starbucks. Now that is clear, the big question that remains is – does Starbucks franchise its business? You might not be knowing that Starbucks does not sell independent franchise. Instead they have a system of licensed stores that they give out to like minded business person to open licensed Starbucks store along with the other businesses that they run.
The location where you set up your Starbucks store is also very important. A store in prime locations will get more customers as compared to one in local locations. Most often, the Starbucks stores can be generally found in airports, colleges or at supermarkets. So, in order to set up a Starbucks store, you also need to have a store located in such kinds of locations. Some of you might still be thinking why is it that Starbucks is so particular about the location where the store is set up. This is because, after proper amount of research they have found out that those locations are the places where their unique product will have enough customers to whom you can cater. This makes the Starbucks franchise cost very high.
When the question comes to how to own a Starbucks franchise, Starbucks does not make it public what are the qualifying requirements to have their franchise. However, you can initiate the process by applying to have one by going to their website. Once you have submitted your application, it will be studied and evaluated by the different teams at Starbucks to find out if they think you to be a good option to offer the franchise.
Cost of Starting your Own Starbucks Store
When you ask how much is a Starbucks franchise, you are actually asking about the money required to open a Starbucks licensed store. However, becoming the owner of a Starbucks licensed store isn’t the most accessible or affordable option for everyone. As mentioned earlier, you need to already have an attractive location where Starbucks would want to open and the resources to open that Starbucks. Opening a Starbucks licensed store costs a lot. When you ask what does a Starbucks franchise cost, then it will come out to be about $315,000. This is a lot and beyond the reach of the average American.
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