Caribou Coffee Franchise for Sale - Cafe
Caribou Coffee Franchise Opportunities
Caribou Coffee Franchise has been launched in 2004 and has gained traction due to good conditions for franchising. It offers well thought out marketing, careful support, extensive trainings and rational cost & fees. Since 1992 when the first Caribou Coffee cafe was opened, the company have been providing the highest quality services, food and drinks. The menu of Caribou Coffee franchise consists of coffee, teas, baked goods, etc. The business also has drive thru concept, an app to order ahead, and delivery service. Nowadays the chain involves up to 740 franchise locations. Would you like to be one of successful Caribou Coffee franchisees? Check for investment information here.
How to open a Caribou Coffee franchise?
- Ensure you have adequate capitalization.
In order to open a Caribou Coffee cafe franchise, you must have a net worth of more than $199,000.
- Appreciate the investment required for a cafe franchise.
You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
- Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Caribou Coffee franchise owner.
- Assess market availability.
You will want to look at the market availability for Caribou Coffee franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
- Submit your application.
Your application will be reviewed by the Caribou Coffee franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
- Receive approval & opening your Caribou Coffee franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
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How much does the Caribou Coffee franchise cost?
Caribou Coffee has the franchise fee of up to $12,500, with a total initial investment range of $376,500 to $813,000.
Net-worth Requirement: $21,000 - $50,000
Liquid Cash Requirement: $90,000 - $100,000
Caribou Coffee Initial Investment
Initial Investment: $376,500 - $813,000.
Initial Franchise Fee: $12,500
Ongoing Royalty Fee: 6%
Ad Royalty Fee: 2%
Caribou Coffee website: www.cariboucoffee.com
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- Starting investments from:$376,500
- Company foundation year1992
- Year of launching the franchise2004
- Franchise enterprises:740
- Corporate Address:3900 Lakebreeze Avenue North Minneapolis, MN 55429