Franchimp Summary Rating
Higher than 71% of peers
Franchise Summary
Description
The franchisor offers qualified individuals and entities a franchise for the right to independently own and operate a gourmet coffee and tea retail store and café.
Company Background
Sweetwaters is a franchising opportunity that offers qualified individuals and entities the right to independently own and operate a gourmet coffee and tea retail store and caf? (each, a "Caf?" or "Sweetwaters Location") utilizing our proprietary marks, including the mark SWEETWATERS, and the proprietary business system that we have developed. We also offer qualified parties the right to own and operate multiple Caf?s within a development area that we designate.
Franchise Opportunity
We have a great idea for a coffee shop, but we don't know how to make it work. The problem is that owning and running your own business can be hard. There are so many things you need to learn before you even open the doors! You will also need money to get started, which means taking on debt or selling equity in the company. Sweetwaters offers an easier way by providing everything you need to operate your business - from recipes and marketing plans all the way down to store design and construction. This solution allows you take advantage of our significant experience with both franchising and gourmet coffee shops without having any of the headaches involved in starting your own business from scratch.
Corporate Structure
Sweetwaters Group LLC is a Michigan limited liability company formed on December 4, 2003. Their principal business address is 123 W. Washington Street, Ann Arbor, Michigan 48104. They began offering franchises in May 2004.
Investment and Franchisee Fees
The total investment necessary to begin operation of a single Café is $264,144 to $636,038. This includes $59,500 to $64,400 that must be paid to the franchisor or affiliate prior to opening.
Distribution of Sweetwaters Coffee & Tea Franchisees
Sweetwaters Coffee & Tea Franchise System Development in 2017
FAQ
How much investment do I need to start my own Sweetwaters Coffee & Tea business?
Franchisees typically require at least $441,467 to $730,352 investment to get their Sweetwaters Coffee & Tea business started
What are the initial franchise fees for Sweetwaters Coffee & Tea?
Franchisees typically need to pay at least $79,760 in fees directly to Sweetwaters Coffee & Tea in order to earn the right to launch their business
How much money can I make with a Sweetwaters Coffee & Tea franchise? What are
the average revenues for a typical Sweetwaters Coffee & Tea business?
We haven’t done the math on how much revenue a typical
Sweetwaters 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
Sweetwaters Coffee & Tea to generate a similar amount
How long do I need to commit to running a Sweetwaters 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
$300,000 to $720,500
which is
Much Higher
than the $0 to $0 average in the Cafes & Coffee Shops 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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