The Coffee Beanery vs Waves Coffee House Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Coffee Beanery vs Waves Coffee House including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
The Coffee Beanery Franchise
Waves Coffee House Franchise
Investment $112,500 - $496,100$300,000 - $350,000
Franchise Fee $15,000$25,000
Royalty Fee 4%6%
Advertising Fee 2%3%
Year Founded 19762004
Year Franchised 19852004
Term Of Agreement 10-20 years-
Term Of Agreement 10-20 years-
Renewal Fee 25% of initial fee-


Business Experience Requirements
 
The Coffee Beanery Franchise
Waves Coffee House Franchise
Experience
  • General business experience
  • Retail experience
    		• -

    Financing Options
     
    The Coffee Beanery Franchise
    Waves Coffee House Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/Yes-/-
    Inventory No/Yes-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    The Coffee Beanery Franchise
    Waves Coffee House Franchise
    Training -The Waves training program takes approximately 5 weeks. 3 weeks in our Training Academy, and an extra 2 weeks in-store training in your newly opened location. Waves is committed to offering you excellent training in all areas of your operation so you may operate your location at projected high volume profits.
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations-
    Marketing Co-op advertising, Ad slicks, National media-
    Operations International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 14 - 17

    Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)

    		Once you become familiar with operating a profitable Waves Coffee House it is very possible to open a second or third location. It is quite common in the franchised coffee shop business to own a chain of successful locations.

    Expansion Plans
     
    The Coffee Beanery Franchise
    Waves Coffee House Franchise
    US Expansion Yes-
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About The Coffee Beanery

    With help from her husband, Julius, JoAnne Shaw decided to take a chance. In 1976 she opened The Coffee Beanery, a specialty coffee shop, in Dearborn, Michigan. The company began franchising in 1985. The Coffee Beanery offers streetfront café franchises, as well as locations in malls, airports, office buildings, hospitals and college campuses across the United States. In 1998 the company opened its first international location in Guam and now offers master franchises in China, Korea and the Middle East.

    The total investment necessary to begin operation of a Traditional Store without Food Store Model ranges from $260,000 to $476,100, which includes $25,000 to $31,500 that must be paid to the franchisor or its affiliates.
    The total investment necessary to begin operation of a Traditional Store with Food Store Model ranges from $260,000 to $496,100, which includes $25,000 to $31,500 that must be paid to the franchisor or its affiliates.
    The total investment necessary to begin operation of a Kiosk Store Model ranges from $185,000 to $369,100, which includes $25,000 to $31,500 that must be paid to the franchisor or its affiliates.
    The total investment necessary to begin operation of a Co-Branded Store Model ranges from $140,000 to $339,100, which includes $25,000 to $31,500 that must be paid to the franchisor or its affiliates.
    The total investment necessary to begin operation of a Conversion Store Model ranges from $112,500 to $351,600, which includes $17,500 and $24,000 that must be paid to the franchisor or its affiliates.

    About Waves Coffee House

    So, you love coffee and have a dream of running your own business - but you don't know how to go about it? Becoming a Waves Coffee franchisee is one of Canada's smartest business opportunities - and probably your best business decision. You can fulfill your dream AND have the support of a reputable team with unrivaled experience and enthusiasm. Hottest Brand in Canada "Waves" is really changing the way to get into business. Why? Because we are passionate about two things: Our coffee and our people. We like to think Waves Coffee brings a different flavour to the immediate neighbourhood and that it stands out above others. Waves is in the business of meeting the needs of the community. We really care about our customers and the experience they have when they make a purchase from us. As a successful business you will need them to come back time and time again, and we can show you how to make sure they do. You will want to operate professionally, effectively and - most important - profitable, and with our help you can do that. We will assist in finding the best location for your new venture. We have the extensive operating experience and marketing knowhow to help get your business off the ground. We provide counsel and advice when you really need it, and give you access to a rapidly growing brand and trademark. Through our brand partners we can help you to benefit from our expanding purchasing power, and give you access to extensive training and support programs. Your success is very important to us and we will give you all the assistance we can to make sure it happens. Remember - we care about our people and our commitment to them is an important part of our - and ultimately your success.