Over the years, I’ve been asked how to buy a Starbucks franchise dozens of times. But, for some strange reason my answer never seemed good enough for the folks doing the asking. That just changed.*
Starbucks Franchise: How To Buy A Starbucks Franchise
The answer I used to give to people that asked me how they could buy a Starbucks franchise:
“You can’t buy a Starbucks franchise. That’s because they don’t sell franchises. They’re company-owned stores.”
My answer really bummed people out.
Now I have a different answer.
“Starbucks just started selling franchises. All you have to do (besides having enough money in the bank to afford one) is move to Europe. And set-up residence in England or France.”
Aren’t you pumped?
Call This Number For Starbucks Information- 800-782-7282
Starbucks Is Finally *Selling Franchises
That’s right; the executive team at Starbucks has decided (finally) to take the leap and capitalize on their brand via the franchise business model.
In February, 2013, Starbucks opened its first franchise-owned store in the world.
The place: Liphook, a large village in the East Hampshire district of Hampshire, England. And now-all of a sudden, there are 45 franchise-owned stores in the U.K. And, they’re owned by only 9 franchisees.
The next stop: France.
Starbucks Has Stopped Selling Franchises
Check out this official Starbucks Franchise Information Update from headquarters:
Thank you for your interest in the Starbucks Coffee Company franchising programme.
We have a number of excellent Franchise Partners on board and are therefore not currently recruiting any further franchisees. We will update this page should the situation change , so we recommend you check the website on a quarterly basis.
Thank you from the Starbucks Team
Hat-tip to my friend, Dane Carlson on that news.
But, don’t despair. Starbucks may decide to start selling franchises again, sometime in the future. So, maybe you’ll be able to buy one again.
FYI:There are several other coffee businesses available you can own. For example, take a look at this interesting new coffee shop you can open in your own neighborhood.
*** New! Check Out The Most Important Trends in Franchising in 2020
A Starbucks Infographic
Starbucks Franchise Update #2:
An exclusive agreement to develop Starbucks outlets in South Africa has just been signed by Taste Holdings Ltd, with openings set to begin in the first half of next year, according to Bloomberg News.
It’s a 25 year license arrangement. (Similar to a franchise agreement) The company now has Taste has the license to operate the shops for as many as 25 years, plus rights to open in several other African countries.
They’re just not doing it now.
FYI: The Starbucks corporation really sticks to its mission. It’s core values are always top of mind.
For instance, anytime something negative happens at one of it’s stores, the Starbucks PR team jumps in immediately.
Case In Point: When two African-American men were arrested at a Philadelphia Starbucks, the company closed 8,000 stores, so employees could take “racial-bias” training.
How To Eventually (Maybe) Buy a Starbucks Franchise
It’s no big deal to buy a Starbucks coffee franchise. Especially if you live someplace else besides Europe.
Here are some of the things you’ll need to do if the Starbucks franchise development team approves your formal franchise application:
- Sell your house
- Sell your vehicle
- Pack up all of your belongings
- Quit your job
- Leave your extended family behind
- Cash out
- Purchase a new house
- Purchase a new car
- Become an official European citizen
There are probably a few other things you’ll have to do, but let’s leave that list just like it is for now.
Call This Number For Starbucks Information- 800-782-7282
Of course, you’d only have to tackle that list of things to do if you were actually awarded a franchise.
How Much To Franchise Starbucks?
I grabbed some information for you about opening up a Starbucks franchise from their corporate website.
How much is a Starbucks franchise?
Investment– You will need to demonstrate £500k of liquid assets (It’s almost $700k US to franchise with Starbucks)
Experience– Food and beverage experience and currently own or run a multi-site business
Role– Hands-on at first
If you’re approved for franchise ownership, you’ll (with the help of their development team) secure an optimum location.
Once your location is approved, you’ll start the Starbucks immersion program which will allow you to learn the ins and outs of running your own Starbucks operation.
One more little thing:
They want you to open 20 stores within the next 5 years.
That’s right; they only want multi-unit franchisees.
Here are the latest news updates from Starbucks.
Starbucks And Covid-19: According to QSR Magazine, “Starbucks will look materially different. Drive thrus, Pickup stores, walk-up windows, and curbside-enabled locations. All thanks to a retail world that has shifted dramatically in light of COVID-19. It’s also a bet on convenience and a consumer that was already changing before the crisis hit.” More
Starbucks Opening 85% Of Its Stores
Starbucks Deals For National Nurses Week
The Starbucks Franchise Opportunity
In a nutshell, Starbucks has started franchising-but they’re very particular about who they want as franchisees and where they want their stores located.
- You’ll need to have a significant net worth to become the owner of a Starbucks franchise.
- You’ll need to live in Europe
- You’ll need to have food and beverage experience
And, it looks like you’ll need to be the current owner of a multi-unit food or beverage operation.
Those are very specific requirements.
If you meet them, owning a Starbucks franchise…owning 20 Starbucks locations could be an amazing opportunity.
That’s because Starbucks is an amazing brand.
And, when they start selling franchises again, they’ll be even better.