If you’ve ever dreamed of owning a coffee shop, you may have once considered getting a franchise.
Coffee franchises are business models that allow you to own single or multiple stores representing a well-known coffee shop brand.
Owning a franchise will require hiring a retail space from which to sell the company’s snacks and beverages. These should be areas with high foot traffic and visibility.
Franchises all over the world are thriving in the business of selling coffee. For example, Dunkin’ Donuts sells about 2 billion coffees a year. Anyone interested in owning multiple coffee shops can make a significant profit from them.
When looking for a franchise to get into, you may look at the various coffee shops that offer franchise deals. One that’s currently popular is The Coffee Bean and Tea Leaf(CBTL).
What is the Coffee Bean and Tea Leaf (CBTL)?
The Coffee Bean and Tea Leaf(CBTL) is a coffee shop chain in the U.S. wholly owned by Jollibee Foods Corporation. It has existed since 1963, when it opened its first shop in Brentwood, Los Angeles. Today the company has over 1000 coffee shops in the U.S. and more than 30 in other countries.
Coffee Bean’s signature coffee drink is the Ice Blended drink made using coffee extract, ice, and chocolate powder. It also sells a wide range of coffee beans that are hand-roasted at its facility in Camarillo, California.
All the coffee beans used in the coffee shop chain are sourced from excellent coffee-producing countries such as Colombia, Jamaica, Kenya, and Indonesia.
These coffee beans are roasted into Light & Subtle coffee, Medium & Smooth coffee, and Dark & Distinctive Coffee. They also have a Reserve, decaffeinated, and flavored roasted coffees.
Coffee Bean’s range of exotic teas has also popularised its various locations. These teas are hand-blended in the same facility where their coffee beans are roasted.
They are herbally-infused tea, Tea Master’s, Green tea, Oolong Tea, Black Tea, flavored tea, and decaffeinated tea.
One of the most ordered teas in Coffee Bean and Tea Leaf shops is Chai Tea Latte. The coffee shop chain has also created K-Cups in partnership with Keurig for single-cup brewing systems.
As you can see, Coffee Bean has a wide range of products you can sell as a coffee shop owner. That’s why many people are interested in knowing whether it is a franchise and, if so, how they can sign up with them.
The answer is Yes! Coffee Bean is a franchise. And here’s how to sign up for a franchise deal with them.
Can You Sign a Franchise Deal With the Coffee Bean and Tea Leaf(CBTL)?
Coffee Bean and Tea Leaf(CBTL) is one of the oldest coffee and tea businesses in the U.S. It has many franchises in the U.S. and other parts of the world.
The coffee shop chain is always looking for experienced coffee sellers interested in owning coffee shops in many locations. It generally offers multi-unit franchise models of 15 stores or more.
However, in minimal circumstances, Coffee Bean offers some single-store franchises in places such as university campuses, airports, and hotels.
Here is what you need to start a Coffee Bean franchise.
⦁ A good balance Sheet
⦁ $ 3 – $ 5 million in capital
⦁ Experience developing retail real estate
⦁ A track record of operating food and beverage shops successfully.
How to Apply for a Coffee Bean and Tea Leaf(CBTL) Franchise deal
Coffee Bean has been franchising since 2002. It allows coffee business owners to develop branded multiple kiosks or stores that sell coffee beverages, premium teas, roasted coffee beans, pre-packaged teas, and baked goods. It also offers coffee-making equipment, branded items, hats, T-shirts, and other novelty items.
You can access an online application to sign up for a franchise deal with Coffee Bean on its website. The application form requires your personal information, details concerning your experience in the food and beverage industry, and financial statements.
If your form details are approved, a representative from Coffee Bean will contact you to schedule an interview. Once your interview is successful, you can expect the company representatives to help you to select sites for your stores and go through a business development plan with you.
If you become a Coffee Bean and Tea Leaf(CBTL) franchisee, you will get a lot of coaching and help to establish your business. When you add that to your experience in the food and beverage industry, you are assured of success in your coffee store franchise business.
There are many benefits associated with running a coffee franchise. Here are a few.
Benefits of Owning a Coffee Franchise
- Coffee franchises require very little capital to start compared to what you need for large food franchises such as McDonald’s.
- The coffee business has multiple revenue streams from which you can get money apart from selling coffee. These are the sale of tea, pastries, light meals, juices, and iced drinks.
- A famous coffee business such as the Coffee Bean has an established business model you can use to make long-term profits.
- They have also established relationships with suppliers and other professionals in the industry that you can benefit from.
- Large coffee chains constantly promote their brand, which eases your advertising costs and guarantees a continuous stream of customers.
- The Coffee Bean and Tea Leaf(CBTL) provides adequate training and support to its franchisors, enabling them to grow and run their businesses smoothly.
- According to statistics, franchises have a higher chance of succeeding than independent businesses.
- Most franchises also allow you to plot a clear exit strategy by agreeing with the franchise operators on how you can re-sell your businesses if things don’t work out.
Challenges of Owning a Coffee Franchise
While owning a Coffee Bean franchise brings many benefits, it may come with some challenges. You may lack enough qualified staff to represent the coffee business’s ideals as they require.
The success of a coffee franchise depends on your workers presenting a great face of the company and offering excellent services. That’s the only way to keep customers coming back to meet your financial targets.
Conclusion
Now that you know Coffee Bean is a franchise, are you ready to sign a franchise deal with them?
A coffee franchise offers scalability. However, before investing, it’s best to seek the advice of a financial expert specializing in franchise investment. They will help you to determine if investing in a Franchise is a good idea.
Selling coffee is profitable because these beverages are widely consumed worldwide. Over 400 million cups of coffee are consumed daily in the U.S., and the number keeps rising.
That’s why Coffee Bean and Tea Leaf(CBTL) is a profitable business organization. It is an established brand worth investing in.
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