If you’re researching a coffee franchise to open in 2024, you’re in the right place. The coffee industry is thriving, and franchising with a well-established brand can offer an excellent opportunity for you to achieve your entrepreneurial goals. In this guide, we’ll explore six of the best coffee franchises for 2024.
Coffee consumption in the U.S. is thriving, with approximately 74% of Americans enjoying a cup of coffee every day. The coffee culture is deeply ingrained in our society, making it a sound choice for franchise ownership.
Our Ultimate Coffee Franchise List details some of the best coffee franchises to explore, what they cost, and all the franchise details you need to know. Each of the franchises mentioned in our list offers its own unique selling proposition, providing you with options to match your vision and goals. Let’s start with a side-by-side comparison of six of the best coffee franchises.
Initial Franchise Fee | Initial Investment | Net Worth Requirement | Cash Requirement | Royalty Fee | |
$30,000 | $518,500 – $761,500 | $800,000 – $1M | $150,000 – $175,000 | 5.5% | |
$25,000 – $50,000 | $268,100 – $1,229,000 | N/A | $3M | 4% – 6% | |
$40,000 – $90,000 | $437,500 – $1,809,500 | $500,000 | $250,000 | 5.09% | |
$30,000 | $552,350 – $1,058,890 | $500,000 – $1M | $200,000 | N/A | |
$30,000 – $50,000 | $34,900 – $382,200 | $100,000 | $50,000 | Varies | |
$35,000 | $406,000 – $1,131,000 | $500,000 | $150,000 | 5% |
* Source: Entrepreneur, franchise disclosure documents, and company websites.
To help decide which brand will best help you achieve your lifestyle and financial goals, let’s take a closer look.
- Beans & Brews Coffeehouse: With more than 30 years of experience, Beans & Brews Coffeehouse offers a blend of high-altitude roasted coffee, and community connections make it a brand of choice in Utah where the brand originated. We’re setting our sights on expansion and searching for both single and multi-unit franchisees.
- Caribou Coffee: Caribou Coffee’s dedication to sustainability and quality makes it an appealing choice. With more than 1,000 locations, the brand’s Rainforest Alliance Certified beans and handcrafted beverages, provide a tempting flavor profile.
- Dunkin’: Dunkin’ is a beloved name in the coffee and breakfast world with more than 13,000 locations. The brand is renowned for its donuts, coffee, and breakfast offerings. The brand’s emphasis on convenience and innovation attracts a wide range of customers.
- The Human Bean: The Human Bean is all about human connection and great coffee. It has more than 200 locations and offers drive-thru convenience, community involvement, and a commitment to relationships.
- Maui Wowi: Maui Wowi brings a taste of the tropics to the coffee scene with its Hawaiian-inspired coffee and smoothies. The franchise offers flexibility with both fixed locations and mobile units.
- PJ’s Coffee of New Orleans: PJ’s Coffee is known for its rich coffee culture and New Orleans heritage. With more than 40 years of experience and 100+ locations worldwide, PJ’s Coffee roasts its beans in small batches, providing a unique and consistent flavor. Its Direct Trade program ensures the highest quality beans while supporting coffee farmers.
Why Beans & Brews Stands Out
Beans & Brews Coffeehouse distinguishes itself within the competitive coffee franchise landscape through our commitment to quality. Our high-altitude roasted coffee beans provide a distinctive flavor profile. We place a strong emphasis on connecting with local communities and fostering a loyal customer base. With a diverse menu that extends beyond coffee to include specialty beverages, pastries, energy drinks, and sandwiches, we attract a broad customer demographic.
We provide a proven franchise system designed for success. As a franchisee, you’ll benefit from Beans & Brews’ comprehensive support system, including training, marketing assistance, and ongoing guidance. Our franchise owners receive 16 hours of classroom training and up to 120 hours of on-the-job training before they open.
With a track record of success in our home state of Utah and a rapidly growing presence across the U.S., Beans & Brews offers franchisees the opportunity to be part of an established and expanding brand. Beans & Brews currently has 72 locations and has deals in place to add additional coffee shops over the next year.
We’re targeting multiunit franchisees in new states and single-unit operators in states where we already have existing locations. Currently, we offer two main models: a standard model with lobby and drive-thru, as well as an express model.
Bring High-Altitude Roasting to Your Neighborhood
Opening a coffee franchise in 2024 can be a rewarding venture, given the industry’s sustained growth and the popularity of coffee. Get started to learn more about partnering with Beans & Brews to turn your dream into a reality.
