You have to figure that the revenue numbers from a Starbucks store must be off the charts, right?
Would you like a piece of that?
And speaking of big numbers, can you imagine the revenue this Starbucks coffee shop in Chicago (shown in the video below) must bring in on a daily basis?
Opening A Starbucks: How To Own A Starbucks Franchise
Here are a couple of facts about Starbucks.
Starbucks coffee opened its first store in March of 1971 at Seattle’s Pike Place Market.
Starbucks opened its first Starbucks franchise in the world in February of 2013. Where?
In Liphook, a large village in the East Hampshire district of Hampshire, England. That said, as of this writing, there are 45+ franchisee-owned Starbucks coffee shops in the U.K. And, they’re owned by only 9 franchisees. So how can you open a Starbucks franchise? Well…
Franchise Business Update From Starbucks 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
That’s why I pity the fool who’s trying to open a Starbucks Franchise.
So much for that idea. You have to admit it was a nice visual.
So is this, if you own a franchise or a licensed Starbucks coffee shop.
What About Opening A Starbucks Licensed Store?
If you own what Starbucks corporate deems to be a desired location, you may be able to open a Starbucks licensed store. Of course Starbucks would earn License fees and royalties based on your store’s revenue. Licensing Information
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.
What About Opening An Independent Coffee Shop?
If you have visions of owning and operating a cool little coffee shop in your neighborhood, with a name you choose yourself, there is a way to do just that.
That’s right; opening your own coffee store just became possible, and you won’t have to pay franchise fees.
How To Own a Starbucks Franchise In Europe If They Become Available Again
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 in Europe:
- 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.
Finally, if you live in the states, and you want to be in business now, Dunkin’ Donuts is always looking for capable businesspeople to open franchises.
Their coffee is pretty good.
Check Out These Starbucks Quotes
Here are a few interesting quotes about Starbucks.
“Before it became a ubiquitous part of urban life, Starbucks was, in most American cities, a radically new idea.”
– Virginia Postrel
“Before Starbucks, there wasn’t as much of a coffeehouse routine; we generally drank really cruddy diner coffee.”
– Andrew Yang
“I think Starbucks created a platform and, ultimately, a runway for many other companies to emulate. I suspect if we had not achieved what we have, there would have been many regional brands that would have succeeded. But I’m not sure there would have been a national brand of the scope of Starbucks.”
– Howard Schultz
“I’ve always thought legal addictions are a great way to create a business. Starbucks is a wonderful example.”
– Nolan Bushnell
“I don’t actually like coffee. But I’m addicted to Starbucks.”
– Mike D’Antoni
Starbucks Coffee Shop News Updates
Here are some news updates from Starbucks. I’ll link to new ones if they’re interesting.
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
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.
(Main image courtesy of Jack Kennard)