If you’re dreaming of owning a Starbucks Franchise, here’s what you need to know:
- No Traditional Franchises: Interestingly Starbucks does not have standard franchises. However, it employs a licensing system different from what some other products or services may tend to adopt.
- Cost of Licensing: A Starbucks license can be very expensive and ranges from $315, 000 to $ 500, 000.
- Other Expenses: It is also worthwhile to expect increased expenses required to provide training to the employees, purchase necessary equipment, as well as other operational capital.
- Earnings Potential: Starbucks's open franchises can be very profitable but the start-up costs are very high.
- Eligibility: A Starbucks license is reserved for only the right types of business, namely those establishments used frequently enough.
- No Independent Ownership: Another aspect, which is under the company’s control is branding, menu, and the overall operations.
Holding a
Starbucks Franchise is different than with the typical franchise but the possibilities are still accompanied by equity and esteem.
