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CARIBOU COFFEE

CARIBOU COFFEE

Caribou Coffee Development Company, Inc. franchises retail coffeehouses (Chalets, Cabins, and Kiosks) that serve coffee, coffee-based beverages, teas, baked goods, and retail items for on-premises and carry-out consumption in modern environments. The business model involves granting franchises for standalone, drive-thru, and non-traditional locations like malls, airports, and campuses, with franchisees adhering to standardized operations, recipes, and branding. It targets coffee lovers, quick-service customers, and consumers in high-traffic areas seeking premium beverages and snacks.

Since 2006Food & BeverageMinneapolis, MNCaribou Coffee Company, Inc.www.cariboucoffee.com
Item 19 Available

Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.

Overview

Investment
$606,100 - $937,000
Franchise Fee
$30,000
Locations
152

Financial Requirements

Franchise Fee$30,000
Initial Investment Range$606,100 - $937,000
Royalty Rate5.00%
Brand Fund2.00%
Fixed Monthly Fees$500 - $1,000

5% royalty (Cabin/Chalet) + up to 3% marketing contribution (currently 2% Brand Fund + 1% local) + $500-$1,000/mo technology fee

Franchise Stats

Franchise Locations152
Corporate Locations335
States Operating21
Franchising Since2006
FDD Year2025

Financial Performance

Item 19 Financial Performance

Average Gross Revenue
$456,123.75
Median Gross Revenue
$412,030.97
EBITDA Margin
17.23%
Average EBITDA
$178,805.46

Data Based On: Gross sales data based on 131 non-traditional franchised Kiosk locations and 7 traditional franchised locations, all active for the full 2024 fiscal year. Profitability metrics (EBITDA, best guess profit range) are derived from 110 company-owned Drive-Thru Chalet and 59 company-owned Cabin Coffeehouses for the full 2024 fiscal year, with franchisee-related cost rates applied to estimate franchisee profit ranges.

* Weighted average gross revenue for non-traditional franchised Kiosk locations (Table 1, Page 2): (68 units × $267,063 + 38 units × $561,546 + 6 units × $1,836,096 + 19 units × $486,137) / 131 total units = $456,123.75. Weighted average median gross revenue for non-traditional franchised Kiosk locations (Table 1, Page 2): (68 units × $265,142 + 38 units × $465,259 + 6 units × $1,881,009 + 19 units × $367,395) / 131 total units = $412,030.97. Average EBITDA (Cash Flow) and EBITDA margin are derived from company-owned data (Table 4, Page 6) due to the lack of explicit franchised profit data. Weighted average AUV for 110 company-owned Drive-Thru Chalet ($1,104,835) and 59 company-owned Cabin ($821,192) stores = $1,005,811.70. Weighted average Cash Flow % (EBITDA margin) for these stores: (110 units × 20.2% + 59 units × 11.7%) / 169 total units = 17.23%. Weighted average EBITDA: $1,005,811.70 × 0.1723 = $178,805.46. Best guess profit low/high are based on the 'Franchisee Adjusted Cash Flow %' provided for company-owned units in Table 4 (Page 6), applied to the weighted average AUV of company-owned stores. Weighted average low margin for franchisees: (110 units × 6% + 59 units × -2%) / 169 total units = 3.21%. Weighted average high margin for franchisees: (110 units × 9% + 59 units × 1%) / 169 total units = 6.21%. Best guess profit low: $1,005,811.70 × 0.0321 = $32,257.39. Best guess profit high: $1,005,811.70 × 0.0621 = $62,431.74.

Extracted Item 19 Section

How CARIBOU COFFEE Compares to Other Coffee & Bakery Franchises

Key Insights

  • Top 10 largest franchise system in Coffee & Bakery
FranchiseInvestment RangeFranchise FeeRoyaltyLocations
CARIBOU COFFEE
Current
$606K - $937K$30K5.0%152
PANERA BREAD BAKERY-CAFÉ$633K - $4.9M$35K5.0%1,112
SCOOTER'S COFFEE$955K - $1.5M$40K6.0%825
NOTHING BUNDT CAKES$667K - $1.0M$45K6.0%643
GREAT AMERICAN COOKIES$341K - $463K$25K6.0%395
7 BREW$894K - $2.2M$35K4.5%297
Coffee & Bakery Average
37 franchises
$498K - $1.1M$40K5.5%-

* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 37 Coffee & Bakery franchises by location count.

Locations & Growth

Outlet Growth Over Time

Total outlets at end of each year

Geographic Distribution (2024)

Outlets by state across the United States

Top States by Outlet Count
1MN
48
2WI
26
3ND
20
4MO
7
5SD
7
6NE
6
7OH
6
8MI
6
9IA
5
10KS
3
11CO
3
12FL
3
13NC
2
14GA
2
15IL
2

+5 more states

Franchisee Contacts

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Due Diligence

Litigation (Item 3)

Franchisee Litigation Cases0

No litigation involving franchisees reported in the FDD.

Bankruptcy (Item 4)

Bankruptcy HistoryNo

No bankruptcy history reported in the FDD.

System Health (Item 20)

Franchise system changes reported in the most recent fiscal year

Terminations
3
Non-Renewals
1
Reacquired by Franchisor
0
Ceased Operations (Other)
5
System Transfers
8
Sold to Franchisees
0
Projected New Franchises
12

Frequently Asked Questions

How much does it cost to open a CARIBOU COFFEE franchise?

The total initial investment to open a CARIBOU COFFEE franchise ranges from $606,100 to $937,000. This includes a franchise fee of $30,000. Ongoing royalty fees are 5.0% of gross sales.

How much revenue does a CARIBOU COFFEE franchise make?

According to the 2025 FDD, the average gross revenue for a CARIBOU COFFEE franchise is $456,123.75. The median revenue is $412,030.97.

How much profit can you make with a CARIBOU COFFEE franchise?

Based on the financial performance data in the FDD, estimated profit for a CARIBOU COFFEE franchise ranges from $32,257.39 to $62,431.74 per year. Actual results vary based on location, management, and market conditions.

How many CARIBOU COFFEE franchise locations are there?

As of the 2025 FDD, CARIBOU COFFEE has 152 franchise locations. The company has been franchising since 2006.

Is CARIBOU COFFEE a good franchise to buy?

CARIBOU COFFEE shows several positive indicators: established brand with 152+ locations, transparent financial performance data (Item 19). However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.

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