Starbucks is a global coffeehouse chain known for its extensive menu of beverages and food items. Founded in 1971, Starbucks has grown to over 30,000 locations worldwide. If you are interested in owning your own Starbucks franchise, there are a few things you need to know.
First, you need to have a strong financial foundation. Starbucks requires franchisees to have a net worth of at least $1 million and liquid assets of at least $500,000. You will also need to pay a franchise fee of $40,000 and a royalty fee of 6% of gross sales. In addition, you will be responsible for the costs of leasing or purchasing a location,, and supplies.