Coffee, for many people, is essential to start up their day with a boost. Owning a coffee franchise will boost not only your days all year long but also your finances since coffee consumers increase each year and coffee is the second largest commodity in the world. However, before you choose a coffee business franchise to buy, you first need to learn the trends and the business system and check out social media reviews such as franchiseknowhow.com review & complaints help you know which franchise is the most profitable and the one that’s right for you.
The following is a list of profitable franchises with a cash requirement under $100,000.
1. Ziggi’s Coffee
Ziggi’s Coffee was founded in 2004 and has a mission of serving an excellent cup of coffee and giving superior customer service. Its business model includes a coffeehouse, a coffeehouse with a drive-thru, and double-sided drive-thru. Ziggi’s Coffee mobile app lets customers order and pay ahead so their coffee will be ready upon arrival at the store. Franchisees of Ziggi’s Coffee have testified to the dedication and supportiveness of the founders throughout the business operation.
- Minimum cash requirement:$100,000
- Franchise fee: $40,000
- Royalty fee: $40,000
- Total initial investment: $275,000 – $550,000
- Net worth required:$350,000
- Estimated annual revenue:$3.2M
2. PJ’s Coffee
PJ’s Coffee located in New Orleans was founded in the year 1978 and started franchising in 2008. They purchase 100% of the crops from Terrerito Farm in Honduras by direct trade, ensuring the highest-quality coffee beans for their products. The business has a simple and easy to operate business plan, and the return of investment (ROI) is easy to achieve. PJ’s Coffee received a Franchisee Satisfaction Award in 2016 and 2017.
- Minimum cash requirement:$75,000- $100,000
- Franchise fee: $20,000-$30,000
- Royalty fee: 5%
- Total initial investment: $188,400 – $527,000
- Net worth requirements:$350,000
- Estimated annual revenue:$6.8M
3. Just Love Coffee & Eatery
Just like its name, Just Love Coffee is focused on spreading the love by giving back to the community and putting people before profit. Its profit is aimed to go to donations to local charities. It gives financial assistance to families undergoing an adoption process. If you have the goal to prosper and help the needy at the same time, this franchise is for you. You can take advantage of its 90-day opening build-out design. This business franchise offers a full breakfast and lunch menu and uses a waffle-iron for fast and easy preparation. Just Love Coffee & Eatery was a finalist in the prestigious Roaster of 2014 and 2015.
- Minimum cash requirement:$100,000
- Franchise fee: $35,000
- Royalty fee: 5%
- Total initial investment: $230,000 – $354,000
- Net worth requirement:$150,000
- Estimated annual revenue:$6.8M
4. Classic Rock Cafe Co.
As its name suggests, Classic Rock Cafe Co. offers a rock music bar-style cafe with its guitars lined on the walls, black and neon lights, and drinks named with rock songs. Although it’s not your typical silent-type cafe, it still looks classy. Classic Rock Cafe Co. is even featured in the 417 Magazine as the 2016 Coffee House of the Year. If you love rock music and coffee together, read on below the Classic Rock Cafe Co. financial requirements:
- Minimum cash requirement:$100,000
- Franchise fee: $39,000
- Royalty fee: 5%
- Total initial investment: $320,000 – $512,000
- Net worth requirement:$400,000
- Estimated annual revenue:$4.6M
5. Lazydaze Counterculture
If you’re up to embedding coffee and smoke or a free of stereotypes cafe, Lazydaze Counterculture franchise fits you. It was founded in 2004 as a smoke shop and later on became a coffee franchise that offers a variety of lifestyle brands including online merchandising and affiliate marketing. It also provides a range of products from smoking to coffee, art supplies to home decors, etc. Here are the highlights of this franchise:
- Minimum cash requirement:$100,000
- Franchise fee: $25,000
- Total initial investment: $125,000 – $250,000
- Net worth requirement:$250,000
- Estimated annual revenue:$1.4M
Conclusion
Generally speaking, investing in other people’s business is more beneficial and less tedious since their brands have already been established. But then you should always find time to make your analysis in your target franchise. You should try to personally experience their service or products to know if it suits your standard. Most importantly, you should know the profitability and viability of the business in your targeted location to avoid bankruptcy.
