Learn the top six secrets to coffee shop franchising success to help you find the right franchise opportunity to launch your next business venture.
The specialty coffee industry has witnessed significant growth over the years, evolving from a niche market to a mainstream phenomenon. More Americans drink coffee each day (63%) than any other beverage, including water, according to the National Coffee Association. And at least 32% of people purchase to-go coffee from a coffee shop one to three days per week. Large chains like Starbucks and Dunkin’ have dominated the market for many years, but emerging regional players are gaining momentum as people seek a local vibe and community atmosphere.
Regional Coffee Chain Sets Sights on Expansion
Beans & Brews Coffeehouse debuted in Salt Lake City in 1993. Customers enjoy the “come as you are” mountain vibe and high-altitude roasted coffee. During the early years, we focused on organic growth in Utah and nearby states. We took time to hone our menu and ramp up our focus on community service. We’re now rolling out an aggressive expansion plan, offering both single and multi-unit franchise opportunities to cater to a range of investor preferences.
To introduce our coffeehouse to new communities, Beans & Brews has several new development deals in the pipeline. We have awarded several franchise agreements to open 62 locations in Texas alone. We’ve also granted franchise agreements in New Mexico, Arizona, and Utah. And we’re proactively seeking multi-unit franchisees in nine new states, alongside single-unit entrepreneurs who are interested in our existing markets.
With the coffee market’s robust growth trajectory, coffee shop franchising with Beans & Brews Coffeehouse offers entrepreneurs a proven business model, reducing the risks associated with starting from scratch. Here are six essential strategies to ensure success in the competitive coffeeshop market segment:
- Comprehensive market analysis: Understanding coffee shop trends and the overall demands of the coffee market is paramount. A franchisor can help you stay updated with industry insights, emerging coffee varieties, and consumer preferences to ensure your offerings remain relevant and appealing.
- Financial planning: A financial plan will lay the groundwork for your coffee business. Beans & Brews Coffeehouse has more than 30 years of experience opening coffeehouses, and we can help you determine your initial investment and operational costs. Our franchise disclosure document may give you insight into potential financial performance.
- Diverse menu: While coffee remains the primary focus, diversifying the menu can enhance customer experience and increase sales. We offer a range of beverages, high quality customizable food options, and gourmet pastries, catering to a broader audience.
- Strategic location: We recommend locating in areas with high traffic, accessibility, and visibility to ensure maximum exposure. We have flexible prototypes to suit different location needs. Franchisees can choose a traditional model or a small coffee shop design.
- Effective marketing: Leverage digital platforms by engaging with customers online, showcase your offerings, and encourage positive reviews. Effective marketing can significantly enhance brand visibility and customer loyalty. You can access our advertising aids, consult with us on promotional opportunities, and have marketing materials created for you as needed. We also have brand marketing items prepared for our owners’ use.
- Ongoing training and support: From mastering coffee brewing techniques to efficient store management, continuous learning is vital for maintaining high standards and customer satisfaction. We provide initial training and ongoing support to ensure our Franchise Owners have the resources and knowledge they need to serve customers.
Learn More About Beans & Brews Coffeehouse
For entrepreneurs seeking a promising and rewarding opportunity in the coffee industry, Beans & Brews Coffeehouse offers a comprehensive franchising package. Get started to learn more about the specialty coffee industry and partnering with us.