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Best Coffee Franchises For UK Franchisees
Coffee, quite unsurprisingly, is one of the most consumed beverages in the UK. It shouldn’t, therefore come as a surprise that there has evolved not just an industry, but an entire business eco-system around it. Coffee franchises in the UK have managed to take advantage of this ever-increasing popularity, establishing themselves firmly in every sphere of the industry. For the benefit of our readers, we have compiled a curated list of some of the best coffee franchises UK on this page.
Understanding The Industry For Coffee Opportunities
The numbers are not just staggeringly massive. Britons consume over 95 million cups of coffee every year, allowing coffee businesses to generate over £9 bn in revenue annually. By 2022, this number is expected to touch £13 bn.
81% of adults are estimated to make at least one coffee shop visit every week, ensuring there’s enough footfall to support a new coffee franchise, despite the fact that over 25,000 independent coffee shops are already in operation across the UK.
How Much Do UK Coffee Franchise Opportunities Cost?
These businesses can be categorised into two broad segments – coffee shops/cafes and coffee vendors.
Running a coffee shop or a café, quite obviously, involves a great deal of investment. Such opportunities will require you to contribute upwards of £40,000 in minimum initial investment.
On the other hand, if you’re looking for coffee vending or mobile coffee van franchises, a minimum initial investment to the tune of £20,000 may just be enough to get your franchise unit up and running.
Unlike other franchise businesses, a coffee business opportunity has to withstand a great deal of price sensitivity. So, while you shortlist suitable opportunities, take some time out to study and research your target market, what sort of price points work the best and whether the franchisor’s business model is in line with your numbers.
Understanding all the coffee franchise opportunities from the market point of view will help you make an informed decision.
Do You Have What It Takes To Run A Coffee Franchise?
Running a coffee shop business or a café requires a much different skill set than running a mobile coffee van business.
In most cases, you will need to bring on board excellent managerial skills, communication skills, leadership qualities and marketing acumen. Couple these with a proven, successful business model and you can certainly turn your investment into a profitable venture.