Are you a coffee enthusiast who’s interested in starting a business in the coffee industry? If so, you might be considering a Saxbys franchise. Saxbys coffee is a popular chain that’s been in operation since 2005 and has grown to become a leading specialty coffee brand in the United States. In this blog post, we’ll dive into all you need to know about Saxbys franchise costs, its history, expansion, and more. Whether you’re considering investing in a Saxbys franchise or simply curious about the business, keep reading to learn more.
Getting Down to Brass Tacks on Saxbys Franchise Cost
Are you tired of working for “the man” and want to be your boss? Maybe opening a Saxbys franchise has crossed your mind? Before jumping into the world of entrepreneurship, let’s get down to the nitty-gritty and look at the cost associated with being a Saxbys franchisee.
Franchise Fee
To open a Saxbys franchise, you first need to pay a franchise fee. In the United States, the franchise fee is $35,000. Seems like a lot, but it’s a drop in the bucket compared to the initial investment.
Initial Investment
The initial investment can range from $363,500 up to $597,000, depending on location and store size. So, if you’re thinking about opening a Saxbys franchise, you might want to start saving up your pennies now.
Additional Costs
Now, the initial investment covers a lot of things, but you’re not off the hook yet. You’ll need to factor in the cost of rent, inventory, equipment, and supplies. It’s important to keep in mind that these costs will vary depending on your location.
Not a Get Rich Quick Scheme
Opening a Saxbys franchise can be a lucrative investment, but it’s not going to bring in the big bucks overnight. It takes time to build up a customer base and establish yourself in the market.
So, there you have it—the cost of opening a Saxbys franchise. It’s no small feat, but if you have the money, determination, and drive, it’s an investment that could pay off in the long run. Just remember not to quit your day job until you’re sure you can afford it.
Saxbys Franchise Costs: What You Need to Know
If you’re thinking of owning a Saxbys franchise, one of the first things you’ll obviously want to know is how much it costs to get started. While we can’t give you an exact figure, we’ll give you an idea of the costs involved so you can decide if it’s in your budget or not.
Franchise Fee
The franchise fee is the initial fee you pay to join Saxbys as a franchisee, and it’s non-refundable. The Saxbys franchise fee is typically between $40,000 and $60,000.
Royalty Fees
If you become a Saxbys franchisee, you’ll also need to pay ongoing royalty fees, which are usually a percentage of your gross sales. The exact percentage will depend on your franchise agreement, but in general, you can expect to pay around 5% of your gross sales every month.
Marketing Fees
As a Saxbys franchisee, you’ll also need to contribute to the company’s marketing fund, which is used to promote the Saxbys brand nationwide. The exact percentage you’ll need to contribute will depend on your franchise agreement, but in general, you can expect to pay between 2% and 3% of your gross sales every month.
Initial Investment
In addition to the franchise fee, you’ll also need to invest in things like equipment, inventory, and furniture/fixtures. The initial investment required by Saxbys is typically between $250,000 and $480,000. This amount may vary, depending on factors such as the location of your franchise, the size of the store, and the cost of construction/renovation.
Other Costs
There are other costs associated with owning a Saxbys franchise that you’ll need to consider. For example, you’ll need to pay for things like rent, utilities, and insurance, as well as salaries for your employees. You’ll also need to factor in the cost of training materials and ongoing support from Saxbys.
Is It Worth It
At the end of the day, the question you’re probably asking yourself is whether owning a Saxbys franchise is worth the cost. The answer to that question will depend on your personal financial situation, your experience in the industry, and your willingness to put in the hard work it takes to run a successful business.
All that being said, many Saxbys franchisees have found success with the brand and appreciate the company’s commitment to quality, sustainability, and customer service. If you’re interested in exploring the possibility of owning a Saxbys franchise, we encourage you to do your research, crunch the numbers, and decide for yourself if it’s the right move for you.
Is Saxbys Coffee a Franchise
If you’re a coffee enthusiast, you might have heard of Saxbys Coffee. Founded in 2005, Saxbys Coffee has quickly gained popularity in the United States and abroad with over 30 franchises currently operating across the country. But the burning question on every coffee lover’s mind is; is Saxbys Coffee a franchise?
Understanding a Franchise
Before we answer that, let’s first understand what a franchise is. Simply put, a franchise is a type of business model where an individual, or group of individuals, buys the right to use the name, products, and services of an existing business. The franchisor provides the necessary training, marketing, and support while the franchisee agrees to follow the established business formula.
Saxbys Coffee – A Franchise or Not
Now that we know what a franchise is let’s get back to the question at hand. Is Saxbys Coffee a franchise? The answer is yes and no. Saxbys Coffee operates using a hybrid business model that combines aspects of both franchising and joint-venture partnerships.
Saxbys Coffee currently has over 30 locations across the country, but only 12 of those locations are franchises. The remaining locations are joint-venture partnerships where Saxbys Coffee partners with established businesses and entrepreneurs to open and operate Saxbys Coffee shops. This allows Saxbys Coffee to maintain consistent quality and branding across all locations while also providing opportunities for entrepreneurs with no experience running a business to open a successful coffee shop.
In conclusion, Saxbys Coffee is a combination of a franchising and joint-venture partnership model. While the majority of their locations are not franchises, the franchise model has also contributed to their success. The unique business model adopted by Saxbys Coffee has allowed the business to maintain consistency, quality, and branding across all locations while also providing opportunities for entrepreneurs to open successful coffee shops. So, whether you’re looking to venture into the world of franchises or simply looking to enjoy a cup of coffee, Saxbys is, without a doubt, a viable option.
How many Saxbys locations are there
Saxbys is rapidly expanding, opening new locations in various states across the United States. In fact, the Philly-based coffee franchise currently operates over 90 locations and counting!
Saxbys: A Growing Franchise
If you’re looking to enjoy a delicious cup of coffee, you won’t have to look very far to find a Saxbys. Thanks to its expanding franchise plan, the brand continues to grow and has become a popular choice for coffee lovers in many states. Saxbys currently operates in over 12 states, including New Jersey, Virginia, Maryland, and Florida, with new locations opening regularly.
The Saxbys Experience
Since the brand’s inception in 2005, Saxbys has excelled in providing a unique coffee experience that sets it apart from other coffee franchises. The brand prides itself on offering an environment that fosters creativity and community. From cozy seating areas to vibrant decor, Saxbys does its best to create a welcoming atmosphere that encourages customers to linger and socialize.
The Benefits of Owning a Saxbys Franchise
As a Saxbys franchisee, you get to be a part of something bigger than yourself. You’ll benefit from a supportive community of franchise owners who share your passion for great coffee and entrepreneurship. The brand also offers comprehensive training and ongoing support to ensure that you have everything you need to run a successful business.
Whether you’re a seasoned entrepreneur or simply a coffee lover looking for a great franchise opportunity, Saxbys is worth considering. With its expanding franchise plan, unique coffee experience, and supportive community, it’s no wonder that Saxbys has become a popular choice for coffee lovers across the United States. So why not check it out for yourself and see what all the fuss is about?
Who Is the Mastermind Behind Saxbys Coffee
If you’re on this page, chances are you’re wondering who the genius is behind the Saxbys coffee franchise. Well, let me tell you — it’s no other than Nick Bayer, the coolest coffee dude in the game.
Early Days of Nick Bayer
Nick was born and raised in the city of Philadelphia, and he’s been passionate about coffee since he was a young boy. When he was only 12 years old, he created his own makeshift coffee shop in his parents’ basement. He’d serve his parents and their friends coffee and doughnuts, and they’d pay him in compliments and encouragement.
Nick’s Vision for Saxbys Coffee
Nick always had big dreams for his coffee “empire.” After graduating from Georgetown University’s McDonough School of Business, Nick traveled around the world, learning everything he could about coffee. Finally, in 2005, he founded Saxbys Coffee.
Nick’s vision for Saxbys was to create a community-inspired coffee franchise that would be about more than just the coffee. He wanted to create an experience — a place where people could come and feel at home. And that’s exactly what he did.
The Success of Saxbys Coffee
Since its founding, Saxbys has become a massive success, with over 30 locations across the country. Nick’s passion for coffee and his vision for creating a community is what sets Saxbys apart from other coffee franchises.
In fact, in 2015, Nick was awarded the “Entrepreneur of the Year” award by the Philadelphia Chamber of Commerce, recognizing his contributions to the community and his innovative business practices.
So, there you have it — Nick Bayer, the mastermind behind Saxbys coffee. Next time you visit a Saxbys location, you’ll know that the guy who started it all is just as cool and passionate as the coffee he serves.
