For 20 years now, 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 nice folks doing the asking. Would you like to know what my answer is?
How To Buy A Starbucks Someday
The answer I used to give to people that asked me how they could buy a Starbucks coffee shop:
“You can’t purchase a Starbucks business. That’s because they don’t sell franchises. They’re company-owned stores.”
As you can probably guess, my answer really bummed people out.
Unless you want to move to Europe and you have deep, deep pockets.
“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:
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. So you can own a Starbucks?
Indeed, Starbucks opened its first franchisee-owned coffee shop in the world in February of 2013.
The place: Liphook, a large village in the East Hampshire district of Hampshire, England. And now-all of a sudden, there are 45 franchisee-owned coffee shops in the U.K. And, they’re owned by only 9 franchisees.
The next stop: France.
But first, when was Starbucks founded?
Starbucks coffee opened its first store in March of 1971 at Seattle’s Pike Place Market. Now you know.
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. So much for opening a Starbucks.
But, don’t despair. Starbucks may decide to start selling franchises again, sometime in the future. So, maybe you’ll be able to own a Starbucks again.
Of course you’re welcome to see for yourself. Just go to https://www.starbucks.com. See the page? Now go down to the bottom. Do you see anything about opening a Starbucks franchise?
What About Opening A Starbucks Licensed Store
A recent Press Release stated the following:
“While Starbucks does not offer options for franchising, the company does offer the ability to open a licensed store. For those who already own a particular location or business, Starbucks can help them open up a new Starbucks in that location.”
And speaking of licensed stores, around 40% of the coffee shops in the U.S. are licensed store locations.
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.
Interesting Starbucks Coffee Drive-Thru News:
Starbucks is working on a “drive thru of the future” design, complete with no-seating models and multiple lanes. A Starbucks coffee shop with no seating? What? Stay tuned to this space for further updates.
A gentle tip from The Franchise King®:
Do not buy a franchise until you know EXACTLY how to do thorough research.
Learn how here
How To Own a Starbucks Franchise In Europe If They Become Available
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 to own a Starbucks:
- 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.
Of course, you’d only have to tackle that list of things to do if you were actually awarded a franchise.
How much was a Starbucks franchise in Europe?
Investment– You’ll need to demonstrate £500k of liquid assets.
Experience in food is needed. Plus, you’ll need to have food and beverage experience and currently own or run a multi-site business.
Role– Hands-on at first
If you’re approved to own a Starbucks in Europe, 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 some 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
The Starbucks 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, opening a Starbucks business…owning 20 Starbucks locations, could be an amazing opportunity. Why?
Because Starbucks is an amazing brand.
And, when they start selling franchises again, they’ll be even better.
Would you own a Starbucks if you had the chance?