After tremendous nationwide growth over the past year, Scooter’s Coffee is proud to announce that we have partnered with ApplePie Capital to offer new and existing franchisees access to up to $20 million in debt capital to drive continued expansion across the U.S.
We are at the dawn of a strategic growth phase in the Midwest and nationwide. The U.S. coffee market is an estimated $48 billion a year recession-resistant industry, and Scooter’s Coffee is striving to become the #1 drive-thru coffee franchise in the nation.
“We are excited to be partnering with ApplePie Capital as they understand Scooter’s business model, brand promise and core values. AppliePie Capital are proven leaders in the franchise financing world and help franchisees start and grow their business. $20 million in funding to our potential and existing franchises is a key step in Scooter’s strategic initiatives to fuel growth and brand awareness.,” stated Scooter’s Coffee Chief Financial Officer Chad Hartnett.
“ApplePie Capital is thrilled to add Scooter’s Coffee to the franchisors we serve,” said Denise Thomas, CEO and co-founder of ApplePie. “We are very selective in the brands we partner with and look for franchisors with strong unit-level economics, low closure rates, and successful franchisees. The track record for Scooter’s Coffee in these areas made it an easy decision to begin a partnership. We look forward to supporting their franchisees’ long-term growth plans.”
As of now, Scooter’s Coffee has opened 16 locations in 2018 and quickly approaching 200 locations nationwide. As we are on the rise, Scooter’s Coffee is always on the look out for the next franchisee and coffee lover. Could that person be you?