« Older Home
Loading Newer »

Did You Know? Franchise Industry Report

Published April 30th, 2008 in business. 0 Comments

This economic report conducted by PricewaterhouseCoopers reveals that the franchising industry is strong and suggests that the industry is a viable industry to look into for those seeking to own their own business.

  • There are 909,253 franchised business establishments in the U.S.
  • Franchised business provide more than 11 million jobs, or 8.1 percent of the national private sector workforce.
  • Franchised businesses supply an annual payroll of $278.6 billion, or 5.3 percent of all private sector payroll in the U.S.
  • Franchised business produce goods and services worth $880.9 billion per year, or 4.4 percent of private sector output in the U.S.
  • Included in “franchised businesses” all those establishments that are part of a franchise system - those businesses owned by franchisees and those owned by the franchisor.

Read the entire report at www.buildingopportunity.com

WHAT IS “BUSINESS FORMAT” FRANCHISING?

Published April 15th, 2008 in business and entrepreneur. 0 Comments

Business Format Franchising vs. Company-owned Expansion

In business format franchising, the franchisor prescribes for the franchisee a complete plan, or format, for managing and operating the establishment. The plan provides step-by-step procedures for major aspects of the business and, anticipating most management problems, provides a complete matrix for management decisions confronted by the franchisees. The major advantage of buying a business format franchise is that the “system,” the means for distributing goods and or services, has been developed, tested, and associated with the trademark. As a result, rapid expansion of a successful retail concept can occur more quickly than through company-owned expansion.*

Sales by business format franchisors continued to increase steadily throughout the 1990s and into the 21st century. In 2001, comparing business format franchising to product distribution franchising, business format franchising had about 4.3 times as many establishments, employed 4 times as many workers, generated 2.5 times the payroll, and produced nearly 3 times as much output.

Source: IFA faq

Oregon Next to Experience Real Italian Espresso: Cuppy’s to Open Soon

Published April 14th, 2008 in business, coffee, cuppy's coffee and entrepreneur. 1 Comment

Salem, OR will be the first city to experience a real Italian espresso based coffee in this region. Hand picked and roasted beans will flow in what is expected to be a very busy location for Cuppy’s Coffee. The Northwest is no stranger to coffee, it has long be crowned the specialty coffee capitol of America. Cuppy’s Coffee venture into this area signals a change for consumers looking to experience an atmosphere and service associated with espresso. Cuppy’s Coffee also serves real fruit smoothies and pastries.

The franchisees are attending Cuppy’s Coffee College in the next few weeks and are expecting to open their location at 401 Center Street NE Ste 281-5 with a Grand Opening celebration soon.

Cuppy’s Coffee: A Little Time Invested Goes A Long Way

Published April 11th, 2008 in business, coffee and entrepreneur. 0 Comments

Entrepreneurs and people looking to go into the coffee business for themselves, either thru a franchise or from scratch, will greatly benefit from investing a majority of their time researching the specialty coffee industry. Information and knowledge leads to a better understanding of all the variables that go into the formation of a business. Be it financial, legal and/or marketing anyone will have a clearer picture once they’ve done their homework.

It can be compared to banking; deposits in to a long term CD (time) plus yields and interest (information) will greatly enhance your dividends (knowledge). The escrow that you accumalate over time, you will be able to withdraw or get a refund on your investment to grow your business more successfully.

There are countless resources for anyone looking to get into the coffee business. One valuable resource can be located at www.scaa.org and/or Google ’specialty coffee business’.

Due Diligence Reaps Information

Published April 11th, 2008 in Uncategorized, business and entrepreneur. 0 Comments

http://weblog.xanga.com/UncleGarfunkle/651683852/deposit-time-to-tap-escrow-in-yourself.html

Invest in yourself and you’ll be better off as this article suggest. Click on the link above to read the story.

Understanding the Franchise Agreement

Published April 9th, 2008 in Franchise Resources, Uncategorized, business and entrepreneur. 0 Comments

When you receive your franchise agreement, this document is the binding backbone of your relationship with the franchisor. Its goal is to outline the terms and conditions surrounding the franchise opportunity and to provide many levels of protection to the franchise system.

No two franchise agreements are alike. Their length can vary from thirty pages to over 100 pages. The more complex the system, the longer the agreement will be. What you should know is that this legal document is not your enemy; it is a document that has been designed to make the franchise system work for you.

The franchise agreement must be reviewed by a qualified franchise lawyer to assist you with many of the finer details that may not be easily transparent. Modifications are unlikely, so before you sign, take the time to absorb its contents in order to satisfy any lingering doubts or concerns you may have.

Is A Coffee Franchise Right For You?

Published April 8th, 2008 in Franchise Resources, business, coffee, entrepreneur and specialty coffee. 1 Comment
HINT: It’s not all about the Benjamins. 

Searching for the right coffee franchise concept can be search in futility for some. There is a little known secret about choosing the right franchise for you. With so many companies showcasing and spouting their advantages and prices, a entrepreneur can come away a little overwhelmed with information and dream weaving by franchise recruiters and salespeople. It’s like walking around with candy coated eyes.

If you’re not careful a person can end up hating the franchise, not to mention the franchisor who sold him the concept. When entrepreneurs are asked what type of franchise system they are looking for and their investment range, many will answer: “the one that’s going to make the most amount of money and costs as little as possible” or something along those lines.

The heart of the matter is that when looking at a coffee franchise you have to ask yourself, is this something that I’ll enjoy? Coffee is a passion for most people in the industry. Not all drink coffee, but understanding a majority of the nuances of the coffee industry is a requirement.

It may take some time to discover the “perfect marriage” between understanding the coffee business and the business opportunity of investing in a coffee franchise, but it does exist and with some patience, research and due diligence you will make that “love meets money” connection that is the secret of choosing the right coffee franchise.

Training At Cuppy’s Coffee College: Barista to Management

Published April 7th, 2008 in Franchise Resources. 0 Comments

When you join the Cuppy’s team we stand behind you throughout the entire process of opening your store. Coffee College is a unique experience in which you will learn all of the basics to run your store. In 9 days you will not only be educated in the craft of espresso making, but you will also be able to network face-to-face with other store owners and learn from top industry experts on drink preparation, marketing, operations and so much more

Courses include everything from barista training to operational budgets. Sales techniques are explained thoroughly and goal setting guides are provided to get you on the right track. Our marketing team provides you with everything you’ll need to start your company off right and our management and employee reviews will provide you with the knowledge you’ll need to keep your customer coming back again and again.

Learning the nuances of espresso based drinks and how to deliver it with great customer service are just more ingredients that goes into building your customer base with loyal and satisfied customers. Learn how you can join our growing family at www.cuppys.com

Elite Manufacturing Steps Up to Complete Cuppy’s Coffee Projects

Published March 27th, 2008 in Elite manufacturing, Franchise Resources, business, coffee, cuppy's coffee, entrepreneur and specialty coffee. 0 Comments

It may be a slow economy, but you can’t tell from the amount of projects Elite Manufacturing is gearing up for and/or in the process of completing. Franchisees of Cuppy’s Coffee, once they’ve signed their leases, begin the tedious task of getting their sites up to trade dress specifications. The process is not easy, but most franchisees have target open dates and are working towards getting their locations open with Elite helping them along the way.

Thinking of Franchising: Here Are The Facts

Published March 27th, 2008 in Franchise Resources, business and entrepreneur. 1 Comment

Thinking of opening your own business? Here are the facts associated with opening a franchise.

There are an estimated 1,500 different franchisors (franchise business companies) operating in the U.S.

There are believed to be more than 750,000 franchise businesses in the U.S.

The franchising industry and businesses employs over 18 million people in the U.S.

In 2004, it is estimated that franchise businesses were responsible for over 1.5 trillion in economic

output.

The franchise industry accounts for 40% of all retail sales in the U.S.

A new franchise business opens every 8 minutes of every business day.

Approximately one out of every 12 businesses in the U.S. is a franchise business.

Franchise fact: More than 75 different industries use franchising as a means to distribute goods and services.

The average initial franchise investment is $250,000- excluding real estate.

The average royalty fees paid by franchisees range from 3% to 6% of monthly gross sales.

Most franchise companies have fewer than 100 units.

The average length of a franchise contract is 10 years.

Top franchise industry- Fast Food.

Top franchise company- McDonalds.

Share Us!

AddThis Social Bookmark Button

Own A Coffee Shop?

Sorry, there are no polls available at the moment.

Another Poll

Visit us at Specialty Coffee to vote in another poll.

 

August 2008
M T W T F S S
« Apr    
 123
45678910
11121314151617
18192021222324
25262728293031