FOR IMMEDIATE RELEASE
Omaha, Neb. (October 12, 2022)– Scooter’s Coffee, one of the nation’s fasting-growing drive-thru coffee franchises in the United States celebrates its ranking in the 2022 Franchise Times Top 500. Scooter’s Coffee climbed over 30 spots, reaching No. 224 on the newly released ranking of the best-performing franchise system in the country.
“We are thrilled to be recognized by the Franchise Times for a third straight year” said Joe Thornton, President of Scooter’s Coffee. “This ranking is yet another testament to the dedication of our team. We wouldn’t be able to provide amazing drinks, amazingly fast without our outstanding franchisees and their employees.”
The Omaha-based brand not only ranked in the top 200 best-performing brands but also as one of the fastest growing franchises based on sales growth, the position attributed to 80.4% in sales growth last year. Global sales grew by over $100 million since 2020.
“Scooter’s Coffee sets the bar extremely high, and we expect to continue our unprecedented growth and reach more customers across the United States each year,” added Thornton. “We take great pride in this honor and are grateful to share it among hundreds of other quality, established brands.”
The Franchise Times Top 500 is an exclusive annual ranking of the 500 largest U.S.-based franchise systems by global systemwide sales. The project results from five months of research and reporting effort that leads to the most credible and objective franchise ranking available.
Approaching 600 stores operating across 28 states and commitments to open stores in 30 states, Scooter’s Coffee is in the midst of a strategic growth phase across the nation. The U.S. coffee market is an estimated $48-billion-a-year industry, and with a 664-foot proven kiosk model, Scooter’s Coffee is striving to become the #1 drive-thru coffee franchise in the nation. Visit ownascooters.com to learn more about the benefits of owning a franchise with a well-established and fast-growing brand.
Founded in 1998 by Don and Linda Eckles in Bellevue, Nebraska, Scooter’s Coffee roasts only the finest coffee beans in the world at its headquarters in Omaha, Nebraska. In more than two decades of business, Scooter’s Coffee’s success is simple: stay committed to the original business principles and company core values. The Scooter’s Coffee Brand Promise, often recited to franchisees, customers and employees is: “Amazing People, Amazing Drinks… Amazingly Fast! ®” It represents the company’s business origins from 1998 and reflects a steady commitment to providing an unforgettable experience to loyal and new customers.
More about Franchise Times Top 500
The Franchise Times Top 500 is an annual ranking of the 500 largest franchise systems in the United States by global systemwide sales, based on the previous year’s performance.
In a five-month research process and building upon a database that began in 1999, our research team uses a combination of companies’ voluntary reports and publicly available data, including the franchises’ most recent franchise disclosure documents and Securities and Exchange Commission filings.
Our research team spends months compiling information for the rankings, the five-year sales history graphs, Top 10 lists and industry subcategories, and then reconciling to ensure all published data is accurate and all estimates are based on a solid sales formula.
The research process is as follows:
-We begin in late April with our first email and a Top 500 survey, which contains contacts from a wide range of databases dating back to 1999.
-We enter all the survey information into our database, and during that process we update our records with any changes to ownership, top executives, addresses, etc.
-We verify survey information is being reported accurately by reconciling sales, units and unit volumes to prior years from our database. If any discrepancies are found we contact the person who completed the survey to verify the information submitted is correct.
-If we get no response from the company and have no prior data in our database we research the companies franchise disclosure documents, including Item 19, Item 20 and financial statements to ensure we portray accurate information on our rankings.
To qualify, a company must be a legal U.S. franchise. Franchisees must own at least 10 percent of the company’s total units. The company must also be based in the United States, or have at least 10 percent of its total units in the United States.
Systemwide sales is defined as the total sales for both franchise and company units. Those sales figures should represent sales to customers, and not corporate sales to franchisees or prospective franchisees, such as royalty revenue or franchise fees. Other revenue not directly related to franchising should not be included.
If two companies reported the same systemwide sales, the higher ranking is given to the company with the most units. Preference is also given to companies that voluntarily report their systemwide sales, rather than those companies for which we must estimate the sales figures.
Franchise Times’ estimated revenue for hotels is based on a formula multiplying the chain’s revenue per available room (RevPAR) by the number of rooms and the number of days in the year. RevPAR comes from the company, or from industry estimates.
We estimate real estate companies based on 2.5 percent of their reported sales volume. Real estate companies report sales based on total volume of homes sold. So if a home is sold for $200,000, it would be listed as $200,000 in revenue. Franchise Times’ estimate would count $5,000 in revenue earned as a commission from the sale.
We estimate travel agencies based on 12.5 percent of their total sales volume. Like real estate companies, travel agencies report sales volume based on the value of the vacations sold, rather than their commissions.