5/10

Franchimp Summary Rating

2 /10
Higher than 86% of peers

Franchise Summary

Description
Caribou Coffee Development Company, Inc. offers franchises for the operation of CARIBOU COFFEE & EINSTEIN BROS. BAGELS™ stores using the above logo trademark and related trademarks. The Stores primarily sell coffees, teas, fresh-baked bagels, cream cheese spreads, soups, salads, sandwiches, and other food and beverage products from kiosk style locations within a host facility, such as shopping malls, strip shopping centers, public transportation facilities, convention centers, grocery stores, university food courts, movie theaters, health clubs, hospitals and similar venues.
Company Background
CARIBOU COFFEE & EINSTEIN BROS. BAGELS is a coffee and bagel shop that offers franchise opportunities for its stores. Caribou Coffee Development Company, Inc. (CCDC) grants franchises to those who want to start their own Caribou Coffee and Einstein Bros Bagels store in order to sell coffees, teas, fresh-baked bagels, cream cheese spreads, soups, salads, sandwiches and other food and beverage products.
Franchise Opportunity
Caribou Coffee Development Company, Inc. offers franchises for the operation of CARIBOU COFFEE & EINSTEIN BROS. BAGELS(TM)stores using the above logo trademark and related trademarks (the "Stores"). The Stores primarily sell coffees, teas, fresh-baked bagels, cream cheese spreads, soups, salads, sandwiches and other food products to consumers on a walk-in basis or through drive-through windows. Franchisees are responsible for selecting their own location(s), purchasing equipment and fixtures necessary to operate the Store(s), hiring employees to work in each Store and performing all labor involved with operating the Store(s) including but not limited to preparing all food items sold in each store; brewing coffee; making tea; mixing frozen drinks; baking bagels; prepping salads and sandwiches as well as any other duties assigned by Caribou Coffee Development Company Inc.. All franchisees must be committed
Corporate Structure
Caribou Development Company, Inc incorporated in the State of Minnesota in October 2004 and commenced operations in August 2006. Their principal place of business is 3900 Lakebreeze Avenue, Minneapolis, Minnesota 54429. They have offered licenses or franchises (by exemption) for CARIBOU COFFEE & EINSTEIN BROS. BAGELS™ Stores since 2016.

Earnings Transparency

7 /10
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Financial Performance of "Drive-Thru " Units

Average Revenue Per Unit

Compared vs. Baked Goods Industry

$816,988 / unit

Franchise Type: Drive-Thru

Average Revenue During 2020

$816,988
$41,214
Industry Low
$1,333,293
Industry High

Financial Performance of "Non Drive-Thru " Units

Average Revenue Per Unit

Compared vs. Baked Goods Industry

$594,684 / unit

Franchise Type: Non Drive-Thru

Average Revenue During 2020

$594,684
$41,214
Industry Low
$1,333,293
Industry High

Franchise Types Available

# Type Investment Fees

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of Einstein Bros. Bagels Franchisees

Einstein Bros. Bagels Franchise System Development in 2021

FAQ

How much investment do I need to start my own Einstein Bros. Bagels business?
Franchisees typically require at least $585 to $1 investment to get their Einstein Bros. Bagels business started
What are the initial franchise fees for Einstein Bros. Bagels?
Franchisees typically need to pay at least $12 in fees directly to Einstein Bros. Bagels in order to earn the right to launch their business
How much money can I make with a Einstein Bros. Bagels franchise? What are the average revenues for a typical Einstein Bros. Bagels business?
We estimate that the average revenue of an individual Einstein Bros. Bagels unit is approximately $816,988. We based this on Item 19 in franchise disclosure document
How long do I need to commit to running a Einstein Bros. Bagels unit? What is my contractual commitment?
Einstein Bros. Bagels franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

2 /10
The Franchisor's investment costs ranges from $585,000 to $1,024,000 which is Much Higher than the $0 to $0 average in the Baked Goods industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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