Franchise Deep Dive: Beans & Brews' Franchise Costs, Fees, Profit and Data

LAST UPDATED: July 28, 2023
FRANCHISE WEBSITE: https://www.beansandbrews.com/franchise/
NUMBER OF LOCATIONS: 60+
REPORTED COST TO GET IN: $518,500 to $761,500
REPORTED ROI (Item 19): $883,000

Beans & Brews Coffeehouse is a regional coffee franchise that specializes in providing a variety of high-quality coffee beverages and pastries, including espresso-based drinks, brewed coffee, cold brew, and specialty drinks, as well as teas and smoothies.

Beans & Brews was founded in Salt Lake City, Utah in 1993 by the Laramie family. The franchise remains headquartered in Utah to this day and has become a staple in that area and its surrounding states.

How Many Beans & Brews Locations Are There?

As of July 2023, Beans & Brews has more than 60 locations spread across four states, including Idaho, Nevada, Arizona and Utah. The brand is currently seeking franchise partners in the states it is currently established in, as well as Montana, Wyoming, Colorado, New Mexico and Texas.

What Is Beans & Brews’ Business Model?

Beans & Brews’ business model is focused on providing specialty coffee and beverages. The brand’s cafes are strategically located in high-traffic areas to attract a steady flow of customers throughout the day. And as a result of its menu, the brand says the franchise benefits at all hours, including breakfast, lunch and snack times.

According to the franchise’s website, its business model is also focused on the following elements:

• Healthy average unit volume (AUV)
• Low initial investment
• Innovative menu with high-profit margins
• High customer loyalty

For franchisees, Beans & Brews provides new owners with extensive operator training to ensure their success. The brand provides assistance with site selection, lease negotiations, construction, securing equipment and inventory management, as well as ongoing marketing operations and technical support. New franchise owners will take part in 16 hours of classroom training and up to 120 hours of on-the-job training before opening their own Beans & Brews Coffeehouse.

How Much Can Beans & Brews Franchise Owners Make?

For the 2022 calendar year, the top 60% of all its franchise locations saw an AUV of $883K. For more information, contact the team to read the brand’s Franchise Disclosure Document (FDD), which will have more information.

How Much Does It Cost to Open a Beans & Brews?

The total investment necessary to begin the operation of a Beans & Brews franchise ranges between $518,500 to $761,500. This investment is split into the following costs:

• Franchise Fee: $30,000
• Real Estate Development Fee: $2,500
• Property Lease: $7,000 to $14,000
• Utility and Security Deposits: $2,000 to $3,000
• Fixtures: $60,000 to $110,000
• Leasehold Improvements: $150,000 to $300,000
• Initial Inventory and Supplies: $12,000 to $15,000
• Equipment and Furniture: $170,000
• Outdoor Signage and Outdoor Menu Board: $20,000 to $35,000
• POS Equipment: $22,000
• Grand Opening Advertising: $5,000
• Miscellaneous Expenses: $8,000 to $15,000
• Working Capital: $30,000 to $40,000

What Is the Franchise Fee for Beans & Brews?

The initial franchise fee required to open a Beans & Brews franchise is $30K. Interested parties are also required to have at least $275K liquid cash and a minimum net worth of $1 million in order to qualify to open up to three locations.

Franchisees are also required to pay an ongoing royalty fee of 5.5%.

Who’s On Beans & Brews’ Leadership Team?

• Jeff Laramie, Chief Executive Officer and Co-Founder
• Kevin Laramie, Chief Operating Officer and Co-Founder
• Carrie Mongold, Vice President of Marketing
• Paul Spiers, Vice President of Planning, Design and Construction
• Casey Pymm, Product Manager
• Toni Fries-Allen, Director of Franchise Operations
• Kim Falk, Vice President of Franchise Development
• Sara Anderson, Vice President of Operations

What Helpful Articles Can I Read to Learn More About Beans & Brews?

• Beans & Brews Coffeehouse Ranked Among the Top Franchises in Entrepreneur’s Highly Competitive Franchise 500
• Beans & Brews Coffeehouse Franchise Opportunity
• Beans & Brews Coffeehouse Unveils Development Deals
• Utah-Based Beans & Brews Coffeehouse Ignites Franchise Plan
• Beans & Brews Coffeehouse Seeks National Expansion Through Unique Franchising Opportunity

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