Coffee bean franchise has become a popular business across the world with more people venturing into the business to reap immense benefits.
Coffee Bean was originally a private company until an entrepreneur from Singapore stormed the business globalizing it. In 1996, Victor Sassoon from Singapore purchased several franchises opening up a chain of coffee beans in different parts of Southern Asia. Coffee bean franchise is now a popular business with more than 400 joints located in over 14 countries.
Even though quite a number of opportunities for coffee bean franchise exist outside the United States of America, the company still enjoys overwhelming popularity in the U.S. An individual seeking an opportunity in this business would be better off located in Egypt, Australia, Korea, East Malaysia and not forgetting Singapore where the pioneer behind the popularization, Victor Sassoon originated. Other franchising opportunities exist in Indonesia and Brunei.
Even though franchising opportunities exist in the United States, they are limited to individuals with strong financial ability in management and investment of multiunit territories. Only individuals with ability to manage over 20 units grab the opportunity. Domestically, franchising offers for individual stores are not provided by the company. The franchise should be financed by the individual investor with no support from the franchisor.
However, an individual can gain access to the domestic franchising opportunities through partnership with the existing company. In this case, you can agree with the preferred company to sell the company’s products either in your restaurant or cafeteria. The only restriction under this arrangement is the use of the company’s name, trademark as well as likeness for whatever reasons. This condition therefore restricts you from advertising the company’s products without their consent.
Despite the fact that coffee bean franchise does not offer adequate opportunities for most interested investors, it’s a nicer business venture to exploit. You will have no cause to regret being a player in this sector.