PJ's Coffee of New Orleans
At a Glance
Products & Services: Specialty coffee, teas, salads, sandwiches & pastries
Number of Locations: 69
Total Investment: $166.4K - $440K
Began Franchising: 1989
About PJ's Coffee of New OrleansWhen Phyllis Jordan first opened PJ's Coffee & Tea in New Orleans, the outlet functioned strictly as a retail store that sold coffee, tea and related equipment. When the concept didn't catch on, Jordan decided to change direction, abandoning the retail idea in favor of a café that would serve coffee, tea, soups, sandwiches, salads and pastries.
Located near Tulane University, the new café appealed to nearby students. Since then, PJ's Coffee locations have sprung up on other college campuses nationwide, as well as in airports, stadiums and retail centers.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $10,000 - $25,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: 20% off franchise fee
Financial RequirementsNet Worth: $300,000
Liquid Cash Available: $100,000
Operations15% of all franchisees own more than one unit. Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators).
|Financing Type||In-House||Third Party|