If you are an entrepreneur who enjoys having coffee, then you might want to consider the franchise Starbucks. More than just an established brand, the Starbucks franchise has over 40 years of experience in consistently delivering amazing quality. With that kind of a track record, it is no wonder why they only want entrepreneurs who can match their level of commitment and dedication. This post will tell you all that you need to know about the franchise Starbucks.
What Starbucks Expects From You
Starting your own Starbucks franchise is a golden opportunity to make it big in the food and beverage industry. However, it is also a huge responsibility. Starbucks is looking for entrepreneurs who are ready to be committed to the brand and its promise. Not only do you have to love coffee but also resonate with the culture of the brand too. By aligning yourself with the company, you will be able to offer the same experience of drinking coffee that Starbucks does.
The Criteria of Getting Selected For Franchise Starbucks
Starbucks follows a set of stringent criteria for selecting entrepreneurs who can become its franchisee. It offers the franchise Starbucks only to entrepreneurs who have experience in the food and beverage industry. Furthermore, candidates must have run their own multi-site business before. Next, the franchise company checks for leadership and communication skills shared by all the best leaders in business in franchise candidates. Entrepreneurs should apply to get Starbucks franchise if they are ready to operate multiple locations and open 20 stores within a span of next five years. They should be able to secure their own finance and possess liquid assets worth more than $500,000. By getting the franchise Starbucks, you can become the owner of this brand in your local market.
What Are The Benefits For You?
With a celebrated brand like Starbucks, you will get to enjoy the benefit of a proven business formula. Starbucks has acquired in depth knowledge about the coffee market which you can use to your advantage. The best thing about Starbucks is that it offers flexible coffee and tea programs for a variety of different markets. It is a brand that is continuously updating the list of offerings to satiate the customers. It does not just offers excellent coffee but has also introduced Tazo teas, a new range of breakfasts, exciting bistro boxes, sandwiches, pastries and wraps.
Development Team Assistance
More importantly, if you get selected for the franchise Starbucks opportunity, the company development team will help you in selecting the perfect location. The Starbucks Immersion program educates the franchisees how they can successfully run their Starbucks stores. Finally, to give customers a true Starbucks experience, you will also learn everything about coffee.
If You Do Not Meet Their High Standards
Unfortunately, not many of us actually meet the incredibly high standards Starbucks has for franchisees. However, there are some new coffee shop franchises that are giving the Seattle native some competition. Here are the best Starbucks franchise alternatives for entrepreneurs that want to feel like they actually have a little control of their own franchise.
- Dunn Brothers Coffee
- Dunkin Donuts (Maybe not so new, but definitely a lucrative competitor)
- The Human Bean
- Caffe Bene
Learn how to get money to start a business before investing. This way, you can kick start your franchise properly.
How To Open A Licensed Store
If you are unable to start your own Starbucks franchise, consider opening a licensed Starbucks store to profit. The brand is constantly looking for ways to reach new demographics. Therefore, business owners with highly trafficked properties appeal to Starbucks. If you fall into this category, Starbucks will assist you in opening up a licensed store. They will work with you to develop a store design and menu. Starbucks also supplies equipment and training to owners of their licensed stores. Consider opening a licensed Starbucks store to achieve high profits. However, before doing so, look into accounting software trends to ensure you can maintain a steady cash flow and truly profit.
The franchise Starbucks is a splendid opportunity to grow your business. Even if you have poor credit, you can implement the best credit repair strategies and begin profiting with Starbucks. Keep in mind that Starbucks is looking to associate with established business owners who are highly experienced in the food and beverage industry. The reputed brand wants its franchisees to rapidly scale up for capturing a larger share of local and regional markets. Clearly, the Starbucks franchise could be a win-win for the company and experienced entrepreneur.