In the vibrant business landscape, having a coffee shop near you might be a profitable deal for any entrepreneur. Today India’s coffee culture has noticed remarkable growth.
Starbucks is an eminent coffee store in the USA known for its wide variety of coffee servings. It entered into the Indian market in 2012 in collaboration with Tata Consumer Products. Headquartered in the USA, it has over 400 stores across the country. Aiming to expand its business in India, it has set a target of opening thousands of stores across the country by the year 2028. If you are an entrepreneur and passionate about stepping into the food and beverage industry, then opening a Starbucks Coffee store near you will be a great choice.
In this blog post, we will make you well-acquainted with everything about Starbucks Frnacise and How Much Is A Starbucks Franchise costs. Let’s dig in
About Starbucks Franchise India
| About the Brand | |
| Industry | Food & Beverage |
| Business Line | Café |
| Organization Type | Public |
| Head Office | Mumbai |
| Founder | Kevin Johnson (CEO) |
| Founded In (year) | 1971 |
| No. of Franchise Outlets | 160+ |
| Master Franchise Model | Not Available |
| Franchise Tenure | Not disclosed |
| Franchise Location | All over India |
| Business Set-Up Time | 1 Month |
| Franchise Commencement Year | 2012 |
Starbucks Franchise in India
With the increasing demand of coffee entrepreneurs are seeking to open the leading coffee brand Starbucks Franchise in their city.
On 19 October 2012, the leading coffee brand Starbucks stepped into the Indian coffee market and the first foray was introduced in 2007. The First Starbucks store opened in the Elphinstone Building at Horniman Circle, Mumbai at a 450 sq ft area. Its first roasting and packaging plant was opened in Kodagu, Karnataka which is best known for providing fresh coffee beans to all Starbucks Franchises.
Starbucks Franchise Cost & ROI
Unlike other franchises, Starbucks doesn’t offer a franchise model, instead, it provides a license to sell Starbucks coffee in their country and can be applied online to get a permit to open a Starbucks store.
Although it provides a license to open a Starbucks store, but completely owned and operated by the company itself from picking menu items and promotions to designing interiors and equipment, and employee training. The conventional model of the Starbucks Franchise is called a licensed store. Unlike other franchise models, the ownership will stay in the hands of Starbucks while the amount and investment involved in opening a licensed store is done by the license holder.
To start a Starbucks Franchise, the initial cost of set up a Starbucks store is around $40,000 when the company was still franchising its stores. You need to pay a licensing fee to open a Starbucks which is a $315,000 licensing fee and a net worth requirement of at least $700,000.
As the reports say, the profits of a Starbucks coffee store can range anywhere between $50,000 – $200,000 annually, depending on how well it’s managed. It is estimated that the average revenue per store is roughly $1.2M.
Overall, by managing your Starbucks coffee store efficiently, you can earn a lucrative income.
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