The Cost of Franchising with PJ’s Coffee
A PJ’s Coffee franchise offers aspiring entrepreneurs the chance to work with an in-demand and beloved coffee and café brand. But what is the cost of taking the plunge and becoming a PJ’s Coffee franchise owner? Knowing upfront how much a franchise costs is an important step in making a profitable decision. Read on to learn more about the cost of franchising with PJ’s Coffee.
Initial Investment
The initial investment for a PJ’s Coffee franchise ranges from $298,325 to $613,605. This cost covers both the license fee and the cost of construction, equipment and other start-up costs.
Ongoing Franchise Fees
Ongoing franchise fees are also a part of the total expense. The initiation fee for a PJ’s Coffee franchise is $25,000. Also, PJ’s Coffee collects an ongoing royalty of 5% of the franchisee’s monthly net sales.
Additional Considerations
In addition to the cost of licensing and the royalty fee, franchisors must also consider rent and insurance, payroll, staffing and other overhead costs. Plus, expect to spend some money on marketing and promotion as well.
Conclusion
The true cost of becoming a PJ’s Coffee franchise owner will depend on the location, size and type of the store, along with several other factors. With this in mind, it’s important to remember that, while the initial investment may be considerable, with the right planning and dedication the long-term rewards can be substantial.
