| ||||
Updated RecentlyDRNK coffee + tea and Qwench juice bar vs Buda Juice Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of DRNK coffee + tea and Qwench juice bar vs Buda Juice including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $253,000 - $516,000 | $54,500 - $96,500 |
| Franchise Fee | $40,000 | $30,000 |
| Royalty Fee | 6% | 10% |
| Advertising Fee | 3% | - |
| Year Founded | 2013 | - |
| Year Franchised | 2013 | - |
| Term Of Agreement | 5 years | 10 years +10 |
| Term Of Agreement | 5 years | 10 years +10 |
| Renewal Fee | - | $2,500 |
Business Experience Requirements |
||
| Experience | * Experience as a multi-unit food or retail operator with successful development experience in a metropolitan area * Appropriate capitalization * An ability to lead and successfully drive growth through company owned (?) and sub-franchised locations * Creative and innovative thinking and a desire to be all-in passionate about the DRNK coffee + tea® brand * A strong commitment to community * A desire to be really great at this! | Able to demonstrate previous management experience as well as the financial resources necessary to develop a market in order to qualify for a multi-unit franchise of over three stores. |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/Yes | -/- |
| Payroll | No/Yes | -/- |
Training & Support |
||
| Training | On-The-Job Training: 112 hours Classroom Training: 8 hours | *Classroom training at our corporate headquarters in Dallas, TX *Onsite training at one of our corporate stores *Opening assistance at your Buda Juice � store |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | Periodic visits will be made to your store(s) by our experienced field representatives to consult with you regarding operational procedures, customer relations, inventory control and any other areas in which you need assistance. Our entire staff, from field representatives to the CEO, is only a phone call away. |
| Marketing | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations | Absentee Ownership Allowed | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About DRNK coffee + tea and Qwench juice bar
DRNK coffee + tea and Qwench juice bar was first opened in Los Angeles in October 2013. Since then, our units have created a popular spot for the millennials of Southern California. DRNK coffee + tea and Qwench juice bar has launched a franchise program to generate a chain of stores with motivated owner-operaters. The current Company-owned locations (and future openings) will act as the prototypes and training centers for new franchisees and will maintain a similar look and feel as the Company expands into new markets.
DRNK coffee + tea and Qwench juice bar will be franchising the Company’s operations in order to bring the expertly engineered coffee and tea menu to all parts of the United States. Through franchise development, DRNK coffee + tea and Qwench juice bar will give you the ability to operate locations in new markets and areas without the cost and management responsibilities that would come with widely distributed Company-owned outlets.
The DRNK coffee + tea and Qwench juice bar system is well positioned and poised for growth with a proven track record and a highly experienced operations and management team. The business model is a traditional quick service beverage concept where customers can order from the diverse menu of hot and cold coffees and teas, many USDA-certified as organic and Fair Trade, imaginative DRNK beverages and the most popular beverages, and the most requested breakfast items and Panini sandwiches, wraps, and salads, all freshly made in the store.
The DRNK coffee + tea and Qwench juice bar business model is simple and structured efficiently to provide profitability and ease of operating management, which allows for efficiency of replication and implementation of a training program with new franchise partners that is both easy to follow, learn, and implement.
Seeking new franchise units throughout the U.S.,
Asia, Australia/New Zealand, Canada, Central America, Eastern
Europe, Middle East, Mexico, Philippines, South America and Western Europe
About Buda Juice
Because the Buda Juice concept is grab and go, the footprint is small, with most stores being only about 500 square feet. Initial capital investment and overhead are also low. The stores are kitchen-free, requiring minimum build-out, and only one or two juice ambassadors armed with an iPad or two to run smoothly. There are no produce orders or deliveries for you to handle and no messy blending or complicated recipes. We take care of all that for you at our centralized kitchen, ensuring maximum consistency and cost efficiencies for our franchisees. The end result for you is a high potential return on a small capital outlay. This is the beauty of the Buda Juice model....small and simple....kitchen-less, minimal staff - just one fridge full of modern French cut bottles that paint the store in rich, vibrant colors. And the model is easy to duplicate over and over again. We would love to have you be a part of the Buda success story. We'll make it easy for you....from helping you choose a site to marketing support to training, we'll give you what you need to make the Buda formula work for you. All you have to do is bring your passion and apply it to our simple business model. Ready to live and breathe the Buda Juice lifestyle? If so, we'd love to hear from you. We invite you to stop by one or several of our locations and experience Buda Juice firsthand to see why our customers keep coming back.