Working from home has a lot of benefits for professionals of all ages. Some people want to be able to spend time with their kids and still earn their own money, whereas others simply want to avoid commuting. Whatever your reasons may be, having the ability to control how many hours you want to spend on your job offers many advantages.
One of the best ways to do it is putting up a small business. Why work for someone else when you can be your own boss? All you need to do is to research lucrative franchises from websites like franchiseknowhow.com food for sale and make sure that you have enough money for capital.
If you’re looking for a product to sell, coffee is one thing that’s quite popular. As they say, there are two kinds of people in the world: coffee buffs and tea aficionados. So, you already have a vast pool of potential customers. Check out the following companies that offer some of the most profitable coffee franchise businesses to work from home:
1. Dunkin Donuts
This globally renowned coffee and doughnut chain has been in business for over 60 years. One drawback is that Dunkin Donuts has a thorough selection protocol for new franchisees, which can put some potential business owners off. However, once you do pass the company’s requirements, you can quickly expand your horizons with another branch. Dunkin Donuts also provides a 20% discount on their franchise fee for a veteran’s first five traditional restaurants.
Money you need initially: $228,600 to $1,717,100
Current number of sites: 9,261 (local), 3,415 (international)
Fee for royalty: 5.9%
2. Gloria Jean’s Coffee
Gloria Jean’s is deemed as a specialty coffee house company that started in 1979. Since then, it has grown to become another well-known name in the industry. The chain can help you start your franchise business since they are recognized by third-party sources that offer financing for their franchise fee, startup costs, equipment, and inventory.
Money you need initially: $173,100 to $473,000
Current number of sites: 54 (local), 800 (international)
Fee for royalty: 6%
3. The Human Bean
This drive-thru coffee chain opened its first store in Oregon back in 1998. The Human Bean operates a coffee sourcing program named Farm Friendly Direct. With this, they work with farmers all over the world to get a steady supply of excellent beans while simultaneously supporting the community of these farmers. Moreover, the company does not charge franchisees with any royalty fee. The only requirement is that their franchisees buy their coffee beans and related supplies from the company.
Money you need initially: $211,600 to $688,300
Current number of sites: 66 (local)
Fee for royalty: None
4. Biggby Coffee
The company began as Beaner’s in 1995 but changed its name to Biggby Coffee in 2007. Described as one of the younger coffee chains in the market, there are a lot of opportunities for growth when you opt for this franchise business. The company is currently expanding and gaining traction in the Midwest and Southeast.
Money you need initially: $166,300 to $324,100
Current number of sites: 231 (local)
Fee for royalty: 6%
5. Scooter’s Coffee
Another drive-thru coffee house, Scooter’s Coffee began franchising in 2001. The business got its name from the nickname of the owners’ daughter. Aside from coffee, they also offer smoothies, teas, pastries, sandwiches, and even burritos. The company attributes its franchisees’ success in finding remarkable locations, offering superb drinks as well as speedy and friendly service.
Money you need initially: $351,000 to $587,000
Current number of sites: 171 (local)
Fee for royalty: 6%
6. Dunn Brothers Coffee
This coffee company has a fascinating history. The owners, Ed and Dan Dunn, welcomed the public to their first store in St. Paul, Minnesota, in 1987 after traveling all the way from Oregon to find the best location for their coffee business. They are known for roasting their coffee in-store so you’ll be greeted with the wonderful waft of roasted beans when you come in.
Money you need initially: $406,300 to $608,500
Current number of sites: 75 (local)
Fee for royalty: 5%
Setting up a coffee franchise business will give you the benefit of immediate trust from loyal customers of the brand. Plus, since your partner company is already established, they can help you learn the ropes of operating a small coffee business through training and provision of important resources.
Featured Image: Supplied by author