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Home > Franchises > It's A Grind Coffee House
It's A Grind Coffee House
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
In 1995, It's A Grind Coffee House is a coffee shop founded by Marty Cox and Louise Montgomery in Long Beach, California and started franchising in 2000. Their locations feature a blues and jazz theme, and wingback chairs that permit customers to relax while enjoying whole bean coffees, espresso drinks, teas, pastries, muffins and bagels.
Their idea is to provide excellent experiences that enrich the lives of everyone they meet. Franchising significantly reduces business risk. Being part of a franchise system allows you to bypass many of the initial hurdles associated with starting a business and provides you with ready access to accepted brand names and trademarks, a proven operating system, on-going support, purchasing power, extensive training programs and a track record of success.
It’s A Grind offers a comprehensive business system for achieving financial success and independence. The system has been tailored and re-modified to produce one of the best retail specialty coffee franchises on the market. Efficiency, economy and profitability, coupled with finer products, service, and value are the foundation of their system. management tools for inventory and labor control, personnel selection and training, accounting procedures and more are vital keys in their system.
The costs and fees include total investment of $279,000 to 492,000. The predictable initial investment required ranges from $241,500 to $440,000. The minimum net worth is $400,000 and minimum liquid cash is $125,000.The franchise fee is $36,000. The renewal fee for each additional option term is $2,500. The company’s ranking in Franchise 500 is 467 in 2006 and 456 in 2005. Their mission is to partner with individuals who share their ideals and their passion to make premium neighborhood Coffee Houses recognized for creating exceptional experiences that improve the lives of everyone they meet.
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