You must have looked through so many business opportunities that right you might not be able to figure out which is the right opportunity for you. There is no lack of businesses to invest in. There are so many startups that are always looking for a good investor.
Finding out what to invest in is the real question that needs an immediate answer. And that takes us to our topic about the hottest coffee franchises.
Let us discuss a few of the reasons why coffee franchises are the right business venture to invest in.
# Reasons To Invest in Coffee Franchise:
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As we have already seen some of these coffee franchises are big names, the brand is known by all, even those who are yet to taste the delicacies and coffee.
When a franchise has been along for decades it sticks and people trust the brand. So, if you open a popular brand franchise, for example, let’s say “Dunkin Donuts” people all over the world know what to expect from the brand and they’ll come to your franchise location to get their fill. Good quality is always in demand.
And you don’t need to go looking for potential customer chances are the customer base of the brand would follow.
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To start a new business venture of your own you are going to need strategies and not all of us are gifted with that particular skill set.
Very few have the skill to turn everything they touch to gold. So, a franchise is a much better alternative.
Whatever market research was to be done has already been done. There’s a product and all the strategies are in place all you have to do is come up with the investment.
Okay, a little research has never harmed anyone. So, you can scope your options before choosing on a winner.
Coffee has an ever-growing demand. People are not satisfied with an instant cup of coffee and have become very selective and obsessive over their cup of coffee. This makes investing in a growing franchise a low-risk endeavor.
We have two big names present in the list along with two fairly burgeoning coffee franchises that are going to make it huge. You’ll find all the necessary information on their website.
# 4 Hottest Coffee Franchise Opportunities:
➔ About:
It has been around for 6 decades and is still going strong. It was launched in the 1950’s by Bill Rosenberg. The first franchise was started in 1955.
Do you want to know why you should invest in Dunkin Donuts? Brand. We have already seen how a brand name what a brand name can achieve.
The brand always comes with good quality and environment suitable for the coffee franchise. It has more than 11,000 franchises and might it keeps growing.
➔ Total Investment: $228,621 to $1,692,314
➔ About:
Drnk | coffee + tea in a new sophisticated coffee franchise that has already made a name for itself. Anyone with a thirst for coffee in LA must know all about it. It was launched in 2013 by Thomas Nariman.
Now to answer your why Drnk| coffee + tea franchise question, Research and development, and the quality of drinks, fresh food, keeping up with the new trends and coming up with creative drinks. We can keep on going.
In the 4 and half years that the drnk coffee franchise has been around, it already has 10 successful franchises. And more of them are opening all over the US.
➔ Total Investment: $253,150 to $515,500
➔ About:
Some of you might know it as the old Beaner’s. It was founded by Bob Fish and Mary Roszel. The name was later changed to Biggby Coffee in 2007. So, many of you might think of it as a new coffee franchise but it’s not.
Why Biggby’s you ask? It is one of the original fastest growing coffee franchise. It also offers training and marketing if you prefer a more hands-on approach rather than just being a silent investor. The last noted number of Biggby coffee locations were 140 since then it has continued growing and you can only guess as to how many more franchise you will find.
➔ Total Investment: $181,850 to $358,100
➔ About:
It was founded and launched by none other than Tim Horton the well-known hockey player in the year 1964. It has been around for five decades and four years. Canadians prefer Tim Horton’s to Dunkin Donuts which is the amount of Tim Hortons franchise has increased in Canada while the Dunkin Donuts has decreased.
Why Tim Horton’s you ask? The brand speaks for itself again. It has quality, good food and just the kind of assistance you need. The whole process of opening a franchise will be painless as you’ll have world-class guidance.
It has more than 4500 locations and it’s waiting to add more.
➔ Total Investment: $680,900 to $1,906,300
Let’s talk about the varying cost of the franchises. To know more about the franchise you can always head over to the websites franchising links that have been provided. Which will tell you exactly where you’ll be spending your money and how you are going to spend it.
You must have noticed that despite the advantages we have listed we have added some fairly new but promising coffee franchise. Their promise of and their successful trend are the reason they are all considered to be the hottest coffee franchises.
About The Author
Amir Atighehchi is an Iranian-American born and brought up in Los Angeles, CA. He along with his two closest friends Ariel Banayan and Mikey Ahdoot founded “Habit Nest”, a startup company dedicated to helping people incorporate healthy lifestyle habits into their daily life. Additionally, he is also the co-founder of Nutlock and is the VP of Strategic Growth at DRNK coffee + tea and QWENCH juice bar.
Follow him on Twitter at @habitnest
