How To Buy Starbucks Store

If you have ever thought about owning a Starbucks, you might have thought you would be opening your own franchise store. But Starbucks owns and operates its own stores. However, you may be able to open a licensed store. It is estimated that 40 percent of Starbucks stores in the United States are licensed. Because they are not a franchise, Starbucks still exerts a good deal of control over these stores.

how to buy starbucks store

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The company has also managed to achieve this ongoing store growth through a focus on an expanded portfolio of offerings targeted at a diverse range of coffee buyers. Yet one of the ways that Starbucks has distinguished itself from its competitors has been by avoiding franchising. Unlike companies such as McDonald's or well-known coffee competitor Dunkin' Donuts, the Starbucks Coffee Company has achieved its growth without franchising out its brand.

Although nearly half of all Starbucks stores are licensed, each store is competitively positioned in high-demand areas. Licensed stores need to be positioned in high-traffic locations, which is why the majority of licensed stores are in hotels, grocery stores, hospitals and similar locations.

In many cases, these licensed stores are run by a larger company, such as Target, though not always. Even though the employees staffing these stores are often employees of the larger controlling company, they still have to adhere to the standards and requirements placed upon the licensed store by Starbucks. As of 2018, it is estimated that 6,031 Starbucks locations were licensed.

During the application process, you will also need to justify what will make you a good licensed store owner. You can use the comments box to argue your case and identify reasons that your store would be competitive in the larger market. Starbucks will take all of this information into consideration and then get in touch with you once it has made its decision.

If you are chosen to become a licensed store owner, you will receive support for many aspects of your business operations, including store design, staff training and equipment installation. However, you will need money to make the business a success.

Starbucks expects licensed stores to have a certain amount of funding available, with some estimating that you will need to have at least $700,000 in liquid assets. With a combination of great location and available assets, you may be able to open your own Starbucks licensed store.

Starbucks CEO Howard Schultz told Entrepreneur in 2003, "We believed very early on that people's interaction with the Starbucks experience was going to determine the success of the brand. The culture and values of how we related to our customers, which is reflected in how the company relates to our [employees], would determine our success. And we thought the best way to have those kinds of universal values was to build around company-owned stores and then to provide stock options to every employee, to give them a financial and psychological stake in the company."

Starbucks does offer licensed stores. So if you already own a business or location that can help Starbucks reach a new demographic, you may be able to reach out about adding a Starbucks to that location.

This is fairly common. According to Statista, there were 13,930 Starbucks locations in the United States as of October 2017, and 5,708 of those locations were licensed stores, which is about 41 percent. On the Starbucks licensing website, you can see that the company helps licensed stores with many aspects of the business, including store design, the Starbucks menu, equipment, training and support, food, promotions and onsite visits.

You might turn up your nose at the idea of the convenience store as a legitimate coffee shop, but 7-Eleven offers coffee and is serious business, finishing as the No. 2 business on the Entrepreneur Franchise 500 list in 2018 and No. 1 in 2017. Like Dunkin' Donuts or Starbucks, 7-Eleven combines longevity with current success and expansion -- as of the start of 2017, there were more than 62,000 7-Elevens across the globe. That's far more than the number of Dunkin' Donuts and Starbucks combined.

This business model might also be why there is such a disparity between the possible investment costs in a 7-Eleven franchise: A 7-Eleven can cost anywhere between $37,550 and $1,149,900. Of course, if you're buying New York City real estate, you're probably going to end up paying more than you would for a corner store in my home state of Missouri.

Starbucks does grant licenses for locations within hospitals, colleges, and other businesses, which are different from franchises. However, the company does not allow franchising of Starbucks store locations. As of October 2017, there were 13,930 Starbucks stores in the United States, according to Statista, and about 41 percent of those were licensed locations. Though Starbucks does help licensed stores with design, menu, equipment, training, and support, operating with a license may not be a good fit for everyone. The location must be in a spot Starbucks wants to open. Also, the licensee must have the resources to open the store. A licensed Starbucks is probably not the best option for a new operator to open as a first business or first big investment.

*This is historical representation of what some of our franchisees have earned as described further in Item 19 of the FDD. Same-store sales growth compares net sales (gross sales minus discounts and refunds) in calendar year 2020 to net sales in calendar year 2021. This information is based upon 217 locations that were open during the entire 2021 calendar year and provided complete information. Of these 217 locations, 112 (or 51.61%) of them had Same-Store Net Sales Growth Over Prior Year that met or exceeded 24.32%. Your results may differ. There is no assurance that you will sell or earn as much. See Item 19 of the FDD for more information.

However, if you are completely set on owning your own Starbucks, they offer a licensing option. Licensed Starbucks locations are typically those smaller satellite coffee stands that you will find in grocery stores, on college campuses, and inside hospital buildings. They operate slightly differently from the traditional Starbucks storefronts, but they make up a large portion of Starbucks locations in the United States. In fact, more than 40 percent of all Starbucks shops are licensed locations.

When you purchase a Starbucks license and are approved to open a location in a specific business, such as a bookstore or retail store, you will find that you quickly see a stream of steady, loyal customers. Starbucks is known for its large following of brand loyalists, who are willing to do whatever it takes to get their favorite Starbucks beverage daily.

If you want to open your own Starbucks coffee, bad news. Starbucks is not a franchise, so no hope for your own coffee shop. But there is still possibility for Licensed shop, which means your store is owned by Starbucks.

We would like to open a Starbucks coffee store in our hotel in jaipur rajasthan. This hotel is again managed by a international brand and its on market driven. we have a perfect outlet space for the store. In case anyone can help us for this would be very grateful. Do let me know if you required any further information.

I wanna open starbucks in nepal. We dont have even one coffee shop of starbucks.. All of us has only heard about this and somehow some people tasted it abroad. I wanna make this dream of thousands of people come alive. Plz tell me the procedure.

Dear,I am extremely interested in joining the Starbucks family by opening a Starbucks licensed store in Ulaanbaatar, Mongolia. Oyuny Undra Group is one of the biggest groups in Mongolia. I have included our website, please review all. I look forward to hearing from you.

You may have better luck in licensed Starbucks stores like inside Target.People have reported success getting syrups at Starbucks stores inside licensed retailers like Target or Kroger. Some have been able to buy seasonal syrups at the end of each season at Starbucks locations inside Target.

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While Starbucks has certainly revolutionized how people think about getting their cup of joe, the company chooses to own and operate its Starbucks stores directly rather than franchising them out to potential franchisees looking to invest in the Starbucks brand.

However, Starbucks does give the rights to its trademarks to a Starbucks-licensed store, giving store owners a sense of autonomy while Starbucks still maintains firm control over the standards and procedures for making Starbucks coffee.

This system consists of Starbucks Corporation, which licenses its brand and operates retail stores; Starbucks Coffee Company, a wholly-owned subsidiary of Starbucks Corporation that primarily purchases and roasts coffee beans and provides retail support services; and parent company Ethos Brands LLC.

Starbucks, unfortunately, does not franchise its stores anymore. While they did many years ago, and high-profile athletes such as Magic Johnson were able to get involved, the opportunity to buy a Starbucks franchise is currently not available. While you cannot franchise a Starbucks, there are potential licensing opportunities available.

Many Starbucks licensed store locations are inside airports, hotels, retail stores, etc. Still, the stand-alone stores and ones you find in metropolitan areas are almost universally owned by Starbucks corporate.

Large city centers with many office buildings and a lot of employees tend to bring consistent coffee customers. Many Starbucks repeat customers will get the same coffee order every day before they head into their office. This creates a solid customer base for a Starbucks licensed store in an employment district. 041b061a72