Start-Up Costs and Fees |
||
| The Coffee Beanery | Waves Coffee House | |
| Investment | 112500 - 496100 | 300000 - 350000 |
| Franchise Fee | ||
| Royalty Fee | 4% | 6% |
| Advertising Fee | 2% | 3% |
| Year Founded | 1976 | 2004 |
| Year Franchised | 1985 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Coffee Beanery | Waves Coffee House | |
| Experience | General business experience Retail experience | |
Financing Options |
||
| The Coffee Beanery | Waves Coffee House | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Coffee Beanery | Waves Coffee House | |
| Training | The Waves training program takes approximately 5 weeks. 3 weeks in our Training Academy, and an extra 2 weeks in-store training in your newly opened location. Waves is committed to offering you excellent training in all areas of your operation so you may operate your location at projected high volume profits. | |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, National media | |
| Operations | International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 - 17 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | Once you become familiar with operating a profitable Waves Coffee House it is very possible to open a second or third location. It is quite common in the franchised coffee shop business to own a chain of successful locations. |
Expansion Plans |
||
| The Coffee Beanery | Waves Coffee House | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming, | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| The Coffee Beanery | |
| Waves Coffee House | |
| Franchise Fee | |
| The Coffee Beanery | |
| Waves Coffee House | |
| Royalty Fee | |
| The Coffee Beanery | 4% |
| Waves Coffee House | 6% |
| Advertising Fee | |
| The Coffee Beanery | 2% |
| Waves Coffee House | 3% |
| Year Founded | |
| The Coffee Beanery | 1976 |
| Waves Coffee House | 2004 |
| Year Franchised | |
| The Coffee Beanery | 1985 |
| Waves Coffee House | 2004 |
| Term Of Agreement | |
| The Coffee Beanery | 10-20 years |
| Waves Coffee House | |
| Renewal Fee | |
| The Coffee Beanery | 25% of initial fee |
| Waves Coffee House | |
Business Experience Requirements |
|
| Experience | |
| The Coffee Beanery | General business experience Retail experience |
| Waves Coffee House | |
Financing Options |
|
| Franchise Fees | |
| The Coffee Beanery | No |
| Waves Coffee House | No |
| Start-up Costs | |
| The Coffee Beanery | |
| Waves Coffee House | |
| Equipment | |
| The Coffee Beanery} | |
| Waves Coffee House | |
| Inventory | |
| The Coffee Beanery | |
| Waves Coffee House | |
| Receivables | |
| The Coffee Beanery | |
| Waves Coffee House | |
| Payroll | |
| The Coffee Beanery | |
| Waves Coffee House | |
Training & Support |
|
| Training | |
| The Coffee Beanery | |
| Waves Coffee House | The Waves training program takes approximately 5 weeks. 3 weeks in our Training Academy, and an extra 2 weeks in-store training in your newly opened location. Waves is committed to offering you excellent training in all areas of your operation so you may operate your location at projected high volume profits. |
| Support | |
| The Coffee Beanery | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Waves Coffee House | |
| Marketing | |
| The Coffee Beanery | Co-op advertising, Ad slicks, National media |
| Waves Coffee House | |
| Operations | |
| The Coffee Beanery | International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 - 17 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
| Waves Coffee House | Once you become familiar with operating a profitable Waves Coffee House it is very possible to open a second or third location. It is quite common in the franchised coffee shop business to own a chain of successful locations. |
Expansion Plans |
|
| US Expansion | |
| The Coffee Beanery | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming, |
| Waves Coffee House | |
| Canada Expansion | |
| The Coffee Beanery | 0 |
| Waves Coffee House | |
| International Expansion | |
| The Coffee Beanery | |
| Waves Coffee House | |