DRNK coffee + tea and Qwench juice bar vs Coffee Perks Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of DRNK coffee + tea and Qwench juice bar vs Coffee Perks including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
DRNK coffee + tea and Qwench juice bar Franchise
Coffee Perks Franchise
Investment $253,000 - $516,000$116,100
Franchise Fee $40,000$18,000
Royalty Fee 6%6%
Advertising Fee 3%-
Year Founded 20131993
Year Franchised 20132004
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee -$5K


Business Experience Requirements

 
DRNK coffee + tea and Qwench juice bar Franchise
Coffee Perks Franchise
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!
  • Industry experience
  • General business experience
  • Marketing skills

  • Financing Options

     
    DRNK coffee + tea and Qwench juice bar Franchise
    Coffee Perks Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoYes/No
    Start-up Costs No/YesNo/No
    Equipment No/YesNo/Yes
    Inventory No/YesNo/No
    Receivables No/YesNo/No
    Payroll No/YesNo/No

    Training & Support

     
    DRNK coffee + tea and Qwench juice bar Franchise
    Coffee Perks Franchise
    Training On-The-Job Training: 112 hours Classroom Training: 8 hours -
    Support Purchasing Co-ops Newsletter Meetings/Conventions Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app Co-op advertising, Ad slicks, National media, Regional advertising
    Operations Absentee Ownership Allowed

    Number of employees needed to run franchised unit: 5 - 30

    Absentee ownership of franchise is allowed. (3% of current franchisees are owner/operators)


    Expansion Plans

     
    DRNK coffee + tea and Qwench juice bar Franchise
    Coffee Perks Franchise
    US Expansion Yes-
    Canada Expansion NoNo
    International Expansion YesYes

    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 Coffee Perks

    Coffee Perks is offering the ideal, business-to-business franchise opportunity in the U.S. serving the break room and food service markets. Coffee Perks has franchised their award-winning business model and is offering a limited number of opportunities nationwide. The wholesale specialty and bottled water market is an $18 billion + industry experiencing record sales and growth. Why work retail hours when you can tailor your own hours, Monday through Friday with no weekend’s necessary. Benefit from Coffee Perks’ years of industry experience, ongoing support, comprehensive training, distinctive branding and advertising, protected territories and recurring revenue. Did you know that an office coffee and refreshment service is the least expensive employee benefit an employer can provide, and one of the most appreciated by their employees? Did you realize that a cup of coffee is usually one the first and last items a consumer will enjoy at a restaurant? Coffee Perks provides a unique niche in the break room and food service markets by offering distinctive products, equipment and distribution to service these market segments. Brew Success with a Coffee Perks Franchise.