FAQs
In addition to understanding foot traffic patterns, Starbucks also looks at customer behavior when choosing new store locations. This includes looking at data from your customer base like: How often do customers visit a coffee shop? What time of day do they visit?
Where is the biggest Starbucks store? ›
In 1971 Starbucks opened in Seattle's Pike Place Market and began a journey that has taken our coffee around the world. With our Chicago Roastery, opened in November 2019 on the city's Magnificent Mile, we continue to expand the boundaries of our craft with the world's largest Starbucks.
Can you franchise a Starbucks store? ›
“While Starbucks does not offer options for franchising, the company does offer the ability to open a licensed store. For those who already own a particular location or business, Starbucks can help them open up a new Starbucks in that location.”
How much does it cost to buy a Starbucks location? ›
Opening a licensed Starbucks store can range from $228,620 to $2,888,700. This includes licensing fees, construction and build-out expenses, equipment and signage, initial inventory, and training expenses.
How much does each Starbucks location make? ›
Starbucks (NASDAQ:SBUX) Average Revenue per Company-Owned Store declined from around $1.38 million in 2019 to about $1.18 million in 2020. Trefis expects the metric to rebound to about $1.46 million in 2021 and rise further to about $1.5 million in 2022.
What company owns Starbucks? ›
Starbucks is a publicly traded company owned by its shareholders. Large asset management companies led by The Vanguard Group, BlackRock, and State Street rank as its top shareholders. However, these companies own shares in mutual funds and exchange-traded funds they manage on behalf of their clients.
Which state has the most Starbucks? ›
Starbucks has around 16,000 carefully positioned sites across the country, making it a popular choice for coffee lovers, with California having the most stores.
Who are Starbucks' biggest competitors? ›
Who Are Starbucks' Main Competitors? The main competitors of Starbucks are McDonald's, Dunkin', Tim Hortons, Costa Coffee, Caffe Nero, Caffe Ritazza, to name but a few.
What is the busiest Starbucks in the US? ›
The #1 grossing store in the entire world happens to be in New York. The address is 612 5th Avenue in New York City. This Starbucks makes an estimated $20 million per year and serves over 8,000 customers every day.
What country is Starbucks most popular in? ›
There are 38,587 Starbucks stores worldwide, with the US hosting the largest number at 16,466, followed by China with 6,975 stores. Together, these two countries account for 61 percent of the total number of Starbucks stores globally.
The U.S. and China are easily Starbucks' largest markets, accounting for more than 61% of all Starbucks locations, and also have the most stores under direct company control.
How much can a Starbucks owner make? ›
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The estimated total pay range for a Owner at Starbucks is $71K–$132K per year, which includes base salary and additional pay. The average Owner base salary at Starbucks is $95K per year.
What is the highest paying franchise to own? ›
What are the most profitable franchises to own?
- Express Employment Professionals.
- RE/MAX.
- Wendy's.
- Chick-Fil-A.
- Ace Hardware.
- UPS Store.
- Matco Tools.
- McDonald's.
Can you individually own a Starbucks? ›
Starbucks does grant licenses for locations within hospitals, colleges, and other businesses, which are different from franchises. However, the company does not allow franchising of Starbucks store locations.
Are Starbucks locations individually owned? ›
All of the Starbucks locations worldwide are corporately owned. That means you can't open a Starbucks franchise, even though franchising is a classic, successful growth strategy for a myriad of beloved, familiar brands.
What factors do you advise Starbucks to consider when choosing a location to open their shop? ›
Large city centers with many office buildings and a lot of employees tend to bring consistent coffee customers. Many Starbucks repeat customers will get the same coffee order every day before they head into their office. This creates a solid customer base for a Starbucks licensed store in an employment district.
What is the distribution strategy of Starbucks? ›
Lastly, Starbucks has an effective distribution strategy. The company has a wide range of retail outlets, both physical and online, which helps them to reach customers in a timely and cost-effective manner. Additionally, the company uses targeted marketing campaigns to increase customer awareness and engagement.
Why do you think Starbucks prefers to own its own stores wherever possible? ›
2. Brand Image: Owned stores contribute to maintaining a consistent brand image and atmosphere that aligns with Starbucks' value proposition. 3. Profitability: Owning stores allows Starbucks to capture the full revenue and profit generated by each location, rather than sharing it with franchisees.