Drnk coffee + tea and Qwench juice bar
Espresso, coffee, tea, smoothies, juices, sandwiches- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$253K - $693K
- Units as of 2018
-
14 27.3% over 3 years
Company Overview
About Drnk coffee + tea and Qwench juice bar
Business Overview
- Franchising Since
- 2015(8 years)
- # of employees at HQ
- 16
- 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
- 14(as of 2018)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Drnk coffee + tea and Qwench juice bar 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
- $40,000
- Initial Investment
- $253,150 - $693,100
- Net Worth Requirement
- $500,000 - $1,000,000
- Cash Requirement
- $150,000 - $400,000
- Veteran Incentives
- 10% off franchise fee
- Royalty Fee
- 6%
- Ad Royalty Fee
- 3%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
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
- Drnk coffee + tea and Qwench juice bar has relationships with third-party sources which offer financing to cover the following: 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
- 64 hours
- Classroom Training
- 80 hours
- Ongoing Support
-
Purchasing Co-opsNewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite Selection
- Marketing Support
-
Ad TemplatesRegional AdvertisingSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- Yes
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- Are exclusive territories available?
- Yes
Interested in ownership opportunities like Drnk coffee + tea and Qwench juice bar? Request a free consultation with a Franchise Advisor now.
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