- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$179K - $265K
- Units as of 2017
6 500.0% over 3 years
About Cocoa Grinder
- Related Categories
- Coffee, Miscellaneous Quick-Service Restaurants
- Abdul Elenani, Founder and CEO
- Corporate Address
8511 3rd Ave.
Brooklyn, NY 11209
- Franchising Since
- 2017 (2023-2017 years)
- # of employees at HQ
- Where seeking
This company is offering new franchisees in the following US states:
This company is offering new franchisees in the following international regions:
- # of Units
- 6 (as of 2017)
Information for Franchisees
Here's what you need to know if you're interested in opening a Cocoa Grinder franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
Definition: The initial fee paid to a franchisor to join their system
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
- Initial Investment
- $178,730 - $265,100
Definition: The total amount necessary to begin operation of the franchise
What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital. This is outlined in a chart in Item 7 of the FDD, showing a range of possible costs from low to high.
- Net Worth Requirement
Definition: The minimum net worth you must have in order to qualify to become a franchisee of this company
What you need to know: Net worth is the value of a person's assets minus liabilities. Assets include cash, stocks, retirement accounts, and real estate. Liabilities include items like mortgages, car payments, and credit card debt.
- Cash Requirement
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- Franchise fee waived, royalty fee reduced to 3% (only in NY, NJ, PA)
Definition: A discount or other incentive offered to military veterans who buy a franchise with this company.
- Royalty Fee
Definition: A ongoing fee paid to the franchisor on a regular basis.
What you need to know: Most franchisors require franchisees to pay an ongoing royalty fee, which is detailed in Item 6 of the FDD. This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
- Term of Agreement
- 10 years
Definition: The length of time your franchise agreement will last.
What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease. Once your term is up, you may have the option to renew your agreement, typically for a smaller fee than the original franchise fee.
- Is franchise term renewable?
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 2 weeks+
- Ongoing Support
Meetings & ConventionsGrand OpeningOnline SupportLease NegotiationField Operations
- Marketing Support
Additional details about running this franchise.
- Is absentee ownership allowed?
- Can this franchise be run from home/mobile unit?
Definition: The business can be run from your home and/or a vehicle, and it is not necessary to have a retail facility, office space, or warehouse.
- Can this franchise be run part time?
Definition: This business can be run by the owner on a part-time basis (less than 40 hours per week) and/or as a side business; it is not necessary for the business to be open/run full-time.
- Are exclusive territories available?
Definition: An exclusive territory is a fixed area in which you are given the right to operate and in which no other units of the same franchise may be opened.
What you need to know: Territory size may be based on factors such as radius, population size, zip codes, and more. Details can be found in Item 12 of the FDD.
Interested in ownership opportunities like Cocoa Grinder? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Cocoa Grinder landed on this year's Franchise 500 Ranking versus previous years.
Are you eager to see what else is out there? Browse franchises that are similar to Cocoa Grinder.
Chem-Dry Carpet & Upholstery Cleaning
- Carpet and upholstery cleaning, tile and stone care, granite countertop renewal
L&L Hawaiian Barbecue
- Asian-American/Hawaiian food
- Frozen custard, specialty burgers
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Florida Burger King to Pay $8 Million to Customer Who Slipped and Fell in Restaurant Bathroom
The case marks one of the largest slip-and-fall verdicts in Florida's history.
6 Things to Consider When Getting Out of a Franchise Agreement
Want to get out of your franchise agreement? Here are six things to consider
7 Essential Questions to Ask Yourself Before Starting a Franchise
Starting a franchise requires a hard look in the mirror to decide if you really have the makeup to become an entrepreneur. Start by reflecting on yourself and your goals with these questions.
'Worst Day of My Life': Fans Are Furious as Dairy Queen Removes Iconic Item From Menu Just Ahead of Summer
The popular flavor has been on (and sometimes off) menus for the last five years.
With Company Layoffs Increasing, Here's Why Franchising Is the Next Best Move
Here's why franchise ownership is a great option for recently laid-off employees who want to pursue entrepreneurship as their next step.
Why a Strong Chief Financial Officer Is Crucial for Your Franchise — and What to Look for When Hiring One
A successful private equity transaction for your franchise business means bringing on the right strategic thought partner.