Caribou Coffee Franchise - Tips You Should Be Aware Of

The Caribou Coffee franchise is the second-largest specialty coffee company in the United States. While this may be surprising to some, its growth has been steady since the first door was opened in Minnesota in 1992. The Caribou Coffee franchise offers a great opportunity for the investor, but you will need to qualify first.

To begin, you will have to work in the area in which you are wanting to open a coffee business in. It will also help if you have strong ties to the local business community. In addition, you have to have experience in the hospitality industry, particularly as it relates to the coffee/restaurant industry.

You'll need to have some expertise in your area as far as commercial real estate is concerned. This can either be gained through your knowledge or by consulting and learning from experts in your area.

There's more though - you have to commit to a multi-unit development plan with a specific unit amount dependent upon the market area. Currently, the minimum is 10 stores. Of course this means you have to have the necessary capital and resources in place to make this kind of an investment. A 10 unit investment will require $1 million in liquid assets and a total net worth of $4 million.

And if that's not enough, you also have to be in a market area that currently does not have any Caribou Coffee stores.

Take heart though, if you do not meet all of those qualifications you still may be able to partner with Caribou Coffee. It is possible that your restaurant or business can serve Caribou Coffee. If you're interested in this opportunity call 1-888-Caribou and ask for the commercial and wholesale account department. You can also go to their website and submit an online form.

If you feel you have met the franchise qualifications then you can go to their website and complete their franchising inquiry form. Besides the essential information like your contact name, phone number and address, you'll be asked additional questions.

These questions will include the specific market area you're interested in, how many units you can commit to over a five-year development period, the entity that would undertake the franchise development, your own personal experience in the hospitality industry, as well as your retail real estate experience. Finally, they require you to list your net worth and liquid assets.

These are some of the main points in looking into a Caribou Coffee franchise. You can find much more information on their website.