C

Cabin Coffee Franchise

Audited Financials
Food and BeverageEst. 2006Clear Lake, IA

Risk Score

Pending analysis

Investment Range

$350,000 - $2,000,000

Franchise Fee

$30,000

Total US Locations

25

Business Summary

Cabin Coffee Co. operates artifact-themed coffee cafés and restaurants. These locations specialize in preparing and selling a variety of specialty coffees and coffee blends, other beverages, baked goods, soups, breakfast and lunch sandwiches, salads, and other related food items.

Corporate History

Cabin Coffee Franchising, Inc. was incorporated in Iowa on August 14, 2006, and began offering franchises in 2007. The company's affiliate, Cabin Coffee Clear Lake, Inc., was formed in 2002 and has been operating a Cabin Coffee business since December 6, 2002. The principals of Cabin Coffee Franchising, Inc. also own and operate other Cabin Coffee locations outside the franchise system.

Financial Overview

Investment Range

$350,000 - $2,000,000

Franchise Fee (Low)

$30,000

Franchise Fee (High)

$40,000

Royalty %

6%

Marketing %

3%

Equipment Costs (Low)

$232,500

Equipment Costs (High)

$1,132,000

Working Capital

$27,500

Audited Financials

Yes

Offers Financing

No

Financing Details

Cabin Coffee Franchising, Inc. does not offer any direct or indirect financing options to its franchisees. Additionally, the company does not guarantee any notes, leases, or other financial obligations for franchisees.

Performance Metrics

Total US Locations

25

Franchised Units

23

Corporate Units

2

Avg Square Footage

1,550

Franchising Since

2007

Agreement Terms

Initial Term

5 years

Renewal Term

5 years

Renewal Conditions

To renew a Cabin Coffee Co. franchise, franchisees must be in substantial compliance with all provisions of their agreement. They need to provide Cabin Coffee Franchising, Inc. with at least six months' written notice of their desire to renew before the initial term expires. As a condition for renewal, franchisees must upgrade all software, hardware, physical assets, and equipment deemed necessary by Cabin Coffee Franchising, Inc. at their own expense. Finally, franchisees must pay a $2,000 renewal license fee and accept Cabin Coffee Franchising, Inc.'s then-current License and Service Agreement.

Training & Support Program

Franchisor Assistance

Cabin Coffee Franchising, Inc. provides extensive support both before and during a franchisee's operation. Before opening, Cabin Coffee Franchising, Inc. assists with site selection, construction design, budgeting, scheduling, floor plans, and reflective ceilings. They also provide specifications for fixtures and equipment, lists of supplies, and designated suppliers. Franchisees receive a copy of the Operations Manual and must complete a mandatory initial training program of at least 326 consecutive hours over eight weeks at a designated facility. Additionally, Cabin Coffee Franchising, Inc. furnishes recipes, techniques for food and drink preparation, and designates suitable sources for raw materials. After opening, Cabin Coffee Franchising, Inc. supervisors visit locations for advice and consultation, and franchisees can call for support at any time. Franchisees are also permitted to use Cabin Coffee Co.'s registered trademarks and trade names.

Initial Training Hours

326

Training Location

Mason City, Iowa, Clear Lake, Iowa, and/or Avon, Indiana

Ongoing Support

Once a Cabin Coffee Co. franchise is operational, Cabin Coffee Franchising, Inc. provides ongoing support through regular visits from supervisors who offer advice and consultation to the franchisee and their key staff. Franchisees also have the ability to call Cabin Coffee Franchising, Inc. for advice at any time without additional charge. Furthermore, franchisees are permitted to use Cabin Coffee Co.'s registered trademarks and other proprietary features.

Franchise Requirements

Ideal Candidate Profile

Cabin Coffee Franchising, Inc. is looking for franchisees who are capable of personally supervising the Cabin Coffee Co. business. If the franchisee is an entity, one of its principals must provide supervision. Ideal candidates are expected to devote their best efforts to developing, establishing, maintaining, and promoting the business, and will be responsible for its proper operation. They must possess the necessary knowledge and skills to conduct the Licensed Business effectively, as determined by Cabin Coffee Franchising, Inc. The company also seeks individuals with good moral character, sufficient business experience, aptitude, and financial resources.

Industry Experience Required

No

Management Experience Required

No

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

retail

Owner Participation

Supervisory

Territory Type

exclusive

Territory Size Requirements

Cabin Coffee Co. territories are negotiable, considering factors like city size and demographics. However, unless otherwise specified in the franchise agreement, a standard territory for one Cabin Coffee Co. bar is defined as a three-mile radius around the business location.

Staffing Notes

Cabin Coffee Co. franchisees are allowed to hire a manager who has completed the franchisor's training program to assist with the day-to-day operations. This manager is not required to have an ownership stake in the franchise. The franchisee is responsible for their own and their key employees' travel and living expenses during the initial training program. Additionally, the franchisee and their key employees must sign non-compete and confidentiality agreements.