Caribou Coffee is establishing a new domestic franchise program that will allow franchisees to open a coffeehouse outside of airports, college campuses, grocery stores, and corporate headquarters.
Continue reading for more information.
About The Caribou Coffee
Caribou Coffee is the 2nd biggest company-owned gourmet coffeehouse operator in the United States.
It is a chain of coffee shops that sells coffee, teas, baked goods, sandwiches, and other beverages and foods.
Caribou Cabin, a new variant with a substantially smaller size and drive-thru, was released in 2019.
The brand was well-positioned for the shift in consumer behavior. Caribou Coffee’s success is due to more than just their delectable menu.
But also in their tried-and-true business model, which includes their well-known benefits for frequent visitors and gift cards.
The Caribou Cabin design, combined with the concept’s traditional coffeehouse prototype, which has a larger footprint for sit-down meals, gives franchisees various options to respond to their market’s specific needs and help them develop faster.
They provide franchise opportunities around the United States to qualified individuals who share their mission and wish to provide their community with amazing interactions and artisan beverages.
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Caribou Coffee Franchise Model
| Initial Franchise Fee | $15,000- $30,000 |
| Total Investment | $446,100 to $732,300 |
| Royalty Fee | 6.0% |
| Area Requirement | N/A |
| Total Outlets | 718 |
Caribou Coffee Essential Qualifications
They’re looking for highly qualified, enthusiastic Caribou Coffee Sub-franchisees to assist you in bringing Caribou Coffee to Middle Eastern markets.
If you meet the criteria, you can be an outstanding candidate:
- Have a track record of effectively introducing new restaurant brands to your community.
- You must live, work, and have strong business ties in the area you want to franchise.
- Have experience in retail real estate development in the area where you want to franchise.
- Have the infrastructure and resources in place to keep up with our development timeline
- Commit to a multi-unit development strategy to open at least five stores in the next five years.
- Have the financial means to build the Caribou Coffee brand further.
Caribou Coffee Obligations And Restrictions
Franchisees must devote their time and best efforts to the administration and operation of the Franchised Business and must complete the initial training program.
Franchisees or a manager who has completed the first training program to the franchisor’s satisfaction must manage the franchised business at all times.
Term And Renewal Of Agreement
The initial franchise term of Caribou Coffee franchises is ten years, and it is five years for kiosk franchises.
Renewal of the term is for two further 8terms, subject to contractual limitations, by signing the then-current franchise agreement.
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Caribou Coffee Training
Individual franchisees who are sent to training must complete the program (including passing operations and competence tests) to the franchisor’s satisfaction and will be designated as a “Certified Manager” once they have done so.
The Certified Manager program is a 14-day program. The training will be held in the franchisor’s training center in Minneapolis, Minnesota, or at a certified training store designated by the franchisor.
Caribou Coffee Comparison
| Company | Caribou Coffee | Dutch Bros |
|---|---|---|
| Founded In | 2019 | 2019 |
| Initial Investment | $446,100 to $732,300 | $120,000 – $1,000,000 |
| Franchise-Fee | $15,000- $30,000 | $30,000 |
| Total Outlet | 718 | 292 |
| Annual Revenue | $262 Million | $186.4 Million |
Frequently Asked Questions
Who owns the caribou herd?
JAB Holdings, Inc.
What is the location of Caribou Coffee's headquarters?
Minneapolis, Minnesota, in the United States.
What is the mission statement of Caribou Coffee?
“An experience that makes the day better” is Caribou’s mission statement.
Is Caribou Coffee a franchise?
Caribou Coffee offers franchise opportunities throughout the United States to eligible candidates who believe in their mission and want to bring day-making moments.
How much does a Caribou Coffee franchise cost?
The franchise fee for a Caribou Coffee franchise is $15,000- $30,000, and the cost of investment ranges from $446,100 to $732,300.
Amit Gupta is the founder of DrFranchises – a digital marketing agency that helps brands rank better on Google Maps through local SEO strategies. Amit has over 11 years of experience in digital marketing, SEO, email marketing, and social media marketing. He’s also the owner of multiple franchises and has helped countless brands achieve success online. When he’s not working, Amit can be found playing with his dog.