Franchimp Summary Rating
Higher than 73% of peers
Franchise Summary
Description
The franchisee will operate a DRNK coffee + tea franchise, a QWENCH juice bar franchise or a co-branded franchise. DRNK coffee + tea offers a diverse menu of espressos, hot and cold coffees, teas and freshly made sandwiches and other food items, beverages, and merchandise compatible with our concept. QWENCH juice bar features freshly prepared juices and smoothies, fruit bowls, and other related food items.
Company Background
DRNK coffee + tea is a franchise opportunity for the operation of a variety of models, including DRNK coffee + tea, QWENCH juice bar or a combination of both DRNK and QWENCH (under one roof). DRNK offers diverse menu items such as espressos, hot and cold coffees, teas and freshly made sandwiches. QWENCH features freshly prepared juices and smoothies, fruit bowls.
Franchise Opportunity
The restaurant industry is one of the most competitive industries in the world. DRNK coffee + tea, QWENCH juice bar and combination models are a great way to stand out from the competition. Our franchise concept offers a variety of concepts that can be adapted to your specific market needs. We offer two unique concepts under one roof or as separate units next door to each other. This flexibility allows you to customize your offering for different target markets. Both concepts are profitable with minimal capital investment and have proven systems that work! What's more, we're an established brand with national recognition in major cities across Canada and growing rapidly across North America!
Corporate Structure
DRNK Coffee + Tea Franchising, LLC is a California limited liability company, organized June 17, 2015. Their principal business address is 350 S Grand Ave., Suite 3070, Los Angeles, CA 90071.
Investment and Franchisee Fees
The total investment necessary to begin operation of a DRNK coffee + tea franchise ranges from $253,150 to $434,000. The total investment necessary to begin operation of a QWENCH juice bar franchise is $278,150 to $521,400. The total investment necessary to begin operation of a co-branded franchise is $407,250 to $637,600. These total investments include a franchisee fee of $40,000 that must be paid to the franchisor or an affiliate and $900 to $1,200 for required coffee inventory from our affiliate DRNK Coffee + Tea, LLC.
DRNK coffee + tea Franchise System Development in 2017
FAQ
How much investment do I need to start my own DRNK coffee + tea business?
Franchisees typically require at least $253 to $637 investment to get their DRNK coffee + tea business started
What are the initial franchise fees for DRNK coffee + tea?
Franchisees typically need to pay at least $40 in fees directly to DRNK coffee + tea in order to earn the right to launch their business
How much money can I make with a DRNK coffee + tea franchise? What are
the average revenues for a typical DRNK coffee + tea business?
We haven’t done the math on how much revenue a typical
DRNK coffee + tea brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$1,201,697 revenue, so we would expect
DRNK coffee + tea to generate a similar amount
How long do I need to commit to running a DRNK coffee + tea unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$513,394 to $880,343
which is
Much Higher
than the $0 to $0 average in the Food Retail (Grocery, Specialty Foods) 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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