Drnk Coffee + Tea features a diverse menu of espressos, hot and cold coffees, teas, and freshly made sandwiches. The franchise also includes QWENCH juice bars and co-branded locations serving fresh juices, smoothies, and fruit bowls.
Key Insights
- Drnk Coffee + Tea began with a vision to create welcoming community spaces centered around quality coffee and tea. The business has since grown, establishing a presence that reflects its commitment to crafting memorable customer experiences.
- The franchise operates with a streamlined model focused on efficient service and a curated menu. Emphasis is placed on offering a diverse selection of beverages, catering to a broad range of preferences and occasions.
- Drnk Coffee + Tea is part of the dynamic beverage industry, a sector known for its consistent consumer demand and evolving trends. The business taps into a market that values both refreshment and social gathering.
Franchise Fee and Costs to Open
Exploring the financial picture of Drnk Coffee + Tea gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $253,150 - $637,600, along with a franchise fee of $40,000 - $40,000.
Financial Performance and Revenue
Yearly gross sales of $543,568 and estimated earnings of $65,229 - $81,536 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 6.6-8.6 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Drnk Coffee + Tea provides comprehensive training for new franchisees. This initial training offers a blend of classroom instruction and hands-on experience. The program is designed to be approximately two weeks in length, with locations determined by Drnk Coffee + Tea. Resources include operational manuals and ongoing support to assist franchisees as they establish their Drnk Coffee + Tea location.
Legal Considerations
Legal considerations for a Drnk Coffee + Tea franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees entering the Drnk Coffee + Tea model will want to consider the local competitive landscape, as other beverage and cafe options may be present. Navigating the operational demands of a beverage-focused establishment, from ingredient freshness to service speed, is a key aspect. Furthermore, maintaining consistent quality and availability will depend on reliable relationships with their beverage and food supply chains.
Franchise Datasheet
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