Pink Bean Coffee

Coffee, baked goods
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2022 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$139K - $383K
Units as of 2021
2 0.0% over 3 years

Here’s what you need to know if you’re interested in opening a Pink Bean Coffee franchise.

Pink Bean Coffee provides customers with organic coffee, healthy food, and a place for people to come together. The company’s humble origins started in 2013 at the farmer’s market in Somerset, Massachusetts. Two months later, it opened an express location in Fall River, Massachusetts.

By 2020, popularity had grown enough that Pink Bean Coffee opened its first retail location and expanded the menu not long after the company had enough strength to return to Somerset and set up headquarters.

Pink Bean Coffee is seeking to expand its reach even further.

Why You May Want To Start a Pink Bean Coffee Franchise

As Pink Bean Coffee continues to offer franchises, the company looks for franchisees that demonstrate a passion for the brand and people. It is preferable that franchisees have experience in the coffee industry, but everyone is welcome to apply for a franchise. 

Pink Bean Coffee potential franchisees need strong leadership and customer service skills. Franchisees need to be willing to learn new things as they follow the company's brand and systems.

What Might Make a Pink Bean Coffee Franchise a Good Choice?

To make Pink Bean Coffee a place for everyone to gather, the brand strives to offer more than the standard cup of coffee. They may offer teas, cappuccinos, lattes, espressos, iced coffees, specialty drinks, smoothies, bowls, breakfast, lunch, and salads. Some menu items are even vegetarian and vegan friendly.

Pink Bean Coffee offers franchisees three different franchise opportunities. The first is the traditional stand-alone location with a reserved territory. The second is an area development where franchisees have a larger reserved territory and plan to open several locations over time. The third is a shipping container model, but this is still in development.

To be part of the Pink Bean Coffee 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 a Pink Bean Coffee Franchise

As you decide if opening a Pink Bean Coffee 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 a Pink Bean Coffee franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.

If awarded a franchise, franchisees receive a great deal of support from the Pink Bean Coffee brand throughout the franchising process. In addition to pre-opening training, franchisees receive support through brand awareness, marketing, research, and construction. Pink Bean Coffee franchisees may also receive hands-on training and continued support after their franchise location has opened.

Before making any financial commitment or signing an agreement, 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 Pink Bean Coffee franchising team questions.

Find Your Perfect Franchise

Company Overview

About Pink Bean Coffee

Industry
Food
Related Categories
Coffee, Miscellaneous Baked Goods
Founded
2013
Leadership
Bonnie J. Souza, Ceo

Franchising Overview

Franchising Since
2020 (2 years)
# of employees at HQ
9
Where seeking

This company is seeking new franchisees in the following US states: Massachusetts

# of Units
2 (as of 2021)

Franchisor Information

Corporate Address
202 Slades Ferry Ave.
Somerset, MA 02726

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Pink Bean Coffee 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
$29,900
Initial Investment
$139,350 - $382,825
Net Worth Requirement
$29,900
Cash Requirement
$29,900
Royalty Fee
4%
Ad Royalty Fee
to 0.5%
Term of Agreement
10 years
Is franchise term renewable?
Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Pink Bean Coffee 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
70-145 hours
Classroom Training
19 hours
Ongoing Support
Grand Opening
Site Selection
Marketing Support
Social Media

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
Are exclusive territories available?
No
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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021