Mikel Coffee Company Franchise For Sale – Cafe
Mikel Coffee Shop Franchise Opportunities
The Mikel Coffee Company began operating in 2008 and started franchising in late 2011 with numerous franchises across Greece, then later expanding in 2015 across the globe starting with Cyprus and the UAE.
We would like to convey to you our ambitious franchise expansion plan that either Master/Area/Normal franchisees would help in maximizing and reaching its true potential. Our products are of a very high quality, and our coffee is second to none. We have supreme faith in our brand image and our coffee. We are currently located in over 13 countries throughout the globe, and rapidly expanding as we speak there are about 275 Mikel stores around the globe.
Company Milestones & International Footprint:
- 2008: The first Mikel store opens in Larissa!
- 2010: Establishment of Georgia Fresh Flavors.
- 2011: Establishment of Mikel Coffee Company S.A.
- 2012: Creation of Mikel Franchise network with 10 franchise stores.
- 2013: Mikel stores reach 60! We open the first store in Athens.
- 2014: 100 Mikel stores all over Greece.
- 2015: Establishment of the UK based Mikel Coffee Company Ltd. based in London and aimed at international development.
- 2016: Mikel enters the United Arab Emirates market where we currently number 7 stores.
- 2017: Completion of Master Franchise agreement in Cyprus, with 15 branches.
- 2018: Openings in London, Australia, America.
- 2019: Counting 240 stores worldwide.
- 2020: Counting 275 stores worldwide, with openings in Romania, KSA, Turkey, North Macedonia, UK, and Kuwait.
In the context of our continuous expansion and development, we are looking for new franchise partners capable of spreading the values and philosophy of Mikel around the world and become a part of our international franchise network of the Mikel Coffee Company.
How much does the Mikel franchise cost?
Mikel Coffee Company has a franchise fee of €55,000 with a total initial investment up to €250,000 for a Normal Franchisee, €750,000+ for an Area Franchisee and €1,500,000+ for a Master Franchisee.
Size of mikel coffee stores
Store size is between 50 m² - 150 m² on average but we have some in excess of 500 m² and one with over 3,500 m².
Mikel Coffee Company Franchise Offer
Initial Investment: up to €250,000 for a Normal Franchisee, €750,000+ for an Area Franchisee and €1,500,000+ for a Master Franchisee
Payback period: 18 months
Average turnover per month: €50,000-€80,000
Royalties: 5% of the Monthly Revenue paid to the Franchisor
Franchise fees: $55,000
Other current payments: 2% of Annual Revenue for Marketing Purposes at the Franchisees disposal
Mikel franchise success story
Beginning at the turn of the 21st century, our CEO Mr. Eleftherios Kyriakakis created multiple businesses; that included cafés, bars, and restaurants. He eventually settled upon the great idea for a high-quality branded coffee chain that would take the city of Larissa in Greece by storm in 2008. This innovation in the local café industry was called Mikel. Mikel soon began acquiring ever larger number of fans, customers and creating an ever increasing number of stores.
In an overly saturated market in Greece at that point in time, the local cafes with ever decreasing standards weren’t able to provide specialty coffee lovers with the adequate quality of coffee they required to fuel their daily needs, thus setting up the rapid rise of the Mikel Coffee Company. In late 2011 we officially began franchising nationwide in Greece, and in 2015 we began our global expansion in Cyprus and the UAE, which now stands in 2020 with over 225 stores in Greece and 50 internationally.
Our aim is to bring to the entire world the gift of the best specialty coffee and products along with our love for what we do with a touch of true Greek hospitality call Mikel.
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Mikel cafe franchise business model
Average monthly revenue is at €50,000 to €80,000, of which 5% of that is taken as a royalty fee monthly by the Mikel Coffee Company, and 2% of the Annual Revenue is allocated by the franchisee for marketing purposes for their own Mikel store which is aimed at promoting the Mikel brand across a wide array of platforms.
- Up to €250,000 for a Normal Franchisee, €750,000+ for an Area Franchisee and €1,500,000+ for a Master Franchisee.
Mikel coffee shop franchise advantages:
- Fast and flexible store setup
- Ensured Quality (ISO 22000)
- Extensive staff training
- Support services
- Constant values
- Marketing support
- Starting investments from:On demand
- Company type:Cafe
- Initial Investment:Up to €250,000 for a Normal Franchisee, €750,000+ for an Area Franchisee and €1,500,000+ for a Master Franchisee
- Year the company was founded in2008
- Year of franchise launch2011
- Franchised companies235
- Own companies:40