- 2023 Franchise 500 Rank
N/R Not ranked last year
- Initial investment
$17K - $68K
- Units as of 2022
8 700.0% over 3 years
When two veterans got together and started a printing business, it did so well that they created a coffee business, too. Not only did they start a coffee business, but they designed proprietary bikes with which their coffee is peddled around to different locations. The Coffee Peddlers believes it is touted to be a one-of-a-kind business.
The Coffee Peddlers was founded in 2019 and began franchising later that same year.
The Coffee Peddlers is a turnkey business model that controls its processes in an effort to produce great coffee for every customer. The franchise is said to conform to very stringent health standards, with the customer in mind. It also has a wide variety of different coffee flavors for customers to choose from.
The Coffee Peddlers has opened several franchises in the United States and is seeking to further its reach even further.
Why You May Want To Start The Coffee Peddlers Franchise
Coffee bars and restaurants are typical in many locations around the country. However, a mobile coffee bar may be a unique business in your town, an aspect that could bring you new clientele.
The Coffee Peddlers is looking for franchisees who are fun-loving go-getters who are eager to learn new things. The ideal franchisee should be ready to learn how to operate the coffee bike, which is your business vehicle, quite literally. You should also be ready to interact with customers daily, have a personable nature, and grow your business.
What Might Make The Coffee Peddlers Franchise a Good Choice?
Opening a The Coffee Peddlers franchise may offer a more predictable outcome than investing in a completely new brand that could struggle to thrive in an already crowded and competitive industry.
To be part of The Coffee Peddlers franchise team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How To Open The Coffee Peddlers Franchise
As you decide if opening a The Coffee Peddlers franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if The Coffee Peddlers franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
Before making any financial commitment or signing an agreement with The Coffee Peddlers, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the franchising team questions.
If awarded a franchise, franchisees receive a great deal of support from The Coffee Peddlers brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, and research. Franchisees will also receive hands-on training and continued support after their franchise location has opened.
About The Coffee Peddlers
- Related Categories
- Coffee, Breakfast/Brunch Restaurants
- Parent Company
- BDP Franchising LLC
- Lawrence Curell, CEO
- Corporate Address
6750 Intercal Wy., #A
Prescott, AZ 86301
- Franchising Since
- 2019 (2023-2019 years)
- # of employees at HQ
- Where seeking
This company is offering new franchisees throughout the US.
- # of Units
- 8 (as of 2022)
Information for Franchisees
Here's what you need to know if you're interested in opening a The Coffee Peddlers 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
- $1,000 - $5,000
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
- $17,295 - $68,495
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
- $5,000 - $50,000
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
- $1,000 - $5,000
Definition: The minimum liquid capital you must have available in order to qualify to become a franchisee of this company.
- Veteran Incentives
- $2,000 off $5,000 franchise fee; $4,000 off for disabled veterans
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.
- Ad Royalty Fee
Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts.
What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide. As with the royalty fee, it is detailed in Item 6 of the FDD, and can be a percentage of weekly or monthly gross sales or a weekly, monthly, or annual fee.
- Term of Agreement
- 5 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?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- In-House Financing
- The Coffee Peddlers offers in-house financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable
- Third Party Financing
- The Coffee Peddlers has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll
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
- 8 hours
- Classroom Training
- 16 hours
- Ongoing Support
Purchasing Co-opsNewsletterMeetings & ConventionsToll-Free LineGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite Selection
- Marketing Support
Co-op AdvertisingAd TemplatesNational MediaRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
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.
- # of employees required to run
- 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 The Coffee Peddlers? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where The Coffee Peddlers landed on this year's Franchise 500 Ranking versus previous years.
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