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£55,000 - £ 96,000
About Coffee Boy
Coffee Boy is a modern coffee shop franchise that describes itself as the new urban coffee kid on the block, bringing an alternative style to the young and the young at heart. This urban style is reflected in the urban/industrial environment it creates for its customers in its outlets.
Coffee Boy offers a fresh and funky coffee shop experience, with free WiFi, parking and drive-through facilities.
The Coffee Boy menu includes delicious mocha based coffee and a range of centrally supplied food items with a selection of simple-to-prepare items made in-store. Coffee Boy franchisees serve hot and cold food, including pizzas, sandwiches, wraps, salads, paninis and much more. They can even make their menu full or part halal.
The Coffee Boy Club is a loyalty club, through which you earn points on everything you spend that can be redeemed against the price of coffee in the future.
Today, Coffee Boy has four outlets in Huddersfield, Castleford, Leeds, and Bristol. The first outlet in Glasgow, Scotland is set to open in 2019.
Who is behind the Coffee Boy franchise?
The founder of the Coffee Boy franchise is Richard Mackay-Gunn, who was born and raised in Wakefield and educated at Normanton, West Yorkshire. Gunn was behind the fashion shop Blah Blah Blah Clothing). The Manchester-based shop went out of business in 2015.
By then, Gunn had already set up RKMG Holdings Ltd., later to become Coffeeboy Holdings Ltd in 2017, and RKMG Properties Ltd., which, in 2015, became RKMG Coffee Shops Ltd, trading as CoffeeBoy.
Gunn founded and is the director of Coffeeboy Franchises Ltd., which was incorporated on 1 March 2019.
How does the Coffee Boy franchise model work?
Coffee Boy offers opportunities for low investment and low overhead franchises, including turnkey options.
Coffee Boy targets busy locations with high footfall, such as entertainment parks, supermarket carparks and retail sites—locations that are highly accessible and have plenty of traffic. It also means that free parking will be available. Other sites that might be suitable for a Coffee Boy outlet include transport hubs, shopping malls, high street stores and gyms.
Coffee Boy notes that it already has available sites with owners, landlords and managing agents already on board.
Coffee Boy will help with site selection and, when a suitable site is located, Coffee Boy will also help with the lease or freehold negotiations.
How much does a Coffee Boy franchise cost?
The Coffee Boy franchise has two options: a full store or Coffee Boy container.
The full store package includes finding a site that is around 1,400 square feet that can be refurbished as a 70-seat unit. A turnkey package of this size would involve an initial joining fee of £17,000 + VAT, plus an estimated £96,000 plus building costs. It is worth noting that some equipment can be leased in order to reduce initial costs.
Franchisees should budget for between £110,000 and £200,000 per unit, including working capital and VAT.
The second option is a Coffee Boy container, a converted shipping container that can come in a variety of shapes, sizes and configurations, depending on your location and requirements. These are charged at £10,000 + VAT joining fee. A standard 20-foot shipping container costs £55,000 per unit, while a standard 40-foot shipping container costs £70,000 per unit.
Total investment for a complete container is estimated at between £65,000 and £80,000 plus VAT.
Franchisees are charged a seven per cent monthly management service fee.
Is financial aid available for a Coffee Boy franchise?
Funding will generally be available for a Coffee Boy franchise through banks, who are often willing to lend between 50 per cent to 80 per cent of a franchisee’s costs, depending on their financial history, with many banks having a local franchise manager or a specialist franchising unit. A bank will often look more favourably on a franchise as they generally have a better chance of succeeding as a business.
Coffee Boy will help with any negotiations that franchisees need to undertake with banks or other financial lenders.
What support and training do Coffee Boy offer their franchisees?
With Coffee Boy, you’ll receive everything you need to quickly have your business up and running.
The company’s turnkey option means that franchisees can start trading immediately in one simple, value-for-money package.
Coffee Boy’s shipping containers are built and furnished at its manufacturing facility, delivered to the franchisee’s site, and set up. Coffee Boy will also help with recruiting staff.
The company provide one week of in-house training for up to three people and then provide a member of Coffee Boy’s management team who will work with the franchisee at their new premises for the first week of opening.
The Coffee Boy franchisee will also be taught how to use the iPad till system, which integrates EPOS for sales with profit & loss analysis, a staff rota system, a click and collect facility, and customer loyalty analysis. It will also allow franchisees to access social media and music in one user-friendly format.
What is Coffee Boy looking for in potential franchisees?
Coffee Boy is looking for franchisees to take on single-unit owner/manager franchises, operating one unit independently or as a family business. Area and regional development franchises are also available for those wishing to operate three or more units, which can be managed through a regional office. International master franchises are also available.
What are the opportunities for finding a Coffee Boy UK franchise for sale near me?
As a relatively new franchise with only a few shop units operating at the moment, opportunities for buying an already established franchise on resale are limited. However, there are turnkey businesses that are available for franchising.
What turnkey outlets are available for a Coffee Boy franchise?
Coffee Boy recently advertised two franchise opportunities, one a fully fitted store next to an exciting new gym concept in Harrogate with access to thousands of office workers, shoppers, etc. and a unit in Atlas Business Park, Manchester, which is a converted shipping container, situated to service the surrounding business parks and passing traffic.
How in-demand is Coffee Boy right now?
Coffee Boy franchisees will benefit from the growth of coffee shops in the UK. An Allegra World Coffee Portal survey estimated that 2.3 billion cups of coffee were consumed in coffee shops in 2016, with 82 per cent of consumers visiting a coffee shop every week.
This made the out-of-home coffee market worth £8.9 billion in the UK, with growth predicted in branded chains and artisan coffee for the next ten years.
The number of coffee shops has more than doubled in the past decade, from under 10,000 to over 22,800 by the end of 2016. Coffee shops today play a unique role in our social interactions, as places to meet friends, to do business, to unwind from a stressful day or as somewhere to just find a bit of peace and quiet.
How do I start setting up my own Coffee Boy franchise?
Your first step to owning a Coffee Boy franchise is to get in touch to discover what turnkey opportunities the company has available. To find out more, or to request further information on franchising with Coffee Boy, click on the ‘Send Enquiry’ button now.
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Modern coffee shop franchise with an urban/industrial style£55,000 - £ 96,000 Minimum Investment