How much does Starbucks make in a day? (And many more fun facts…)
In 2021, Starbucks reported revenue of up to $29 billion. Not surprisingly, the coffee giant is known for bringing in huge profits. With more than 33,800 stores in 80 countries around the world, Starbucks has no problem making profits.
When you walk into your local Starbucks store, you might wonder how much the store makes in a day? How profitable are Starbucks stores? Read on to find out more!
How much does Starbucks make in a day?
On average, Starbucks makes $3,000 a day at its 15,000 company-owned stores. This is a rough estimate. That number can be much higher once you factor in special celebrations and promotions.
If a store can make $3,000 a day, assuming that Starbucks franchises can do the same, that means Starbucks is making more than $100 million a day! That figure is roughly what Starbucks Corporation earns after royalties, profit sharing and other expenses. please look below:
$3,000 x 33,800 stores = $101.4 million per day
In the United States alone, Americans drink more than 400 million cups of coffee every day. Obviously, not all 400 million cups came from Starbucks, but most of them came from Starbucks. With millions of customers worldwide, the math does add up.
At this moment, Starbucks is like a giant money printing machine, selling in large quantities every day. Wish you were the one who founded Starbucks?
How many customers does Starbucks have in a day?
Starbucks is over 500 customers a day. Now, that’s the average for 2019, and it’s expected to soar as pandemic restrictions ease. Having said that, there are an estimated 500 customers. The number of customers visiting Starbucks varies from store to store.
In cities and suburbs, the number of customers is significantly higher than in small towns or rural areas. Generally speaking, the more traffic in the area, the more customers Starbucks has. Location is a major factor in how many customers walk into a coffee shop.
A survey conducted in 2018 found that about 37.8 million Americans visited Starbucks in the past month. Even Starbucks claims to serve “millions of customers” every week.
How many cups does Starbucks use a day?
Starbucks uses more than 2.3 billion paper cups each year to serve coffee-loving customers around the world.If you take 2.3 billion and divide it by 365 days, you’ll get around 6.3 million cups a day.
However, giving an accurate or highly accurate number is a challenge. Some say it’s 10 million cups a day, while others claim it’s less. So to meet in the middle, 6.3 to 8 million cups is a good range. Still, this gives you a rough idea.
How many cups of coffee does Starbucks sell in a day?
Average Starbucks sales are 4 million cups of coffee a day. However, it’s important to note that Starbucks doesn’t just sell coffee. As Starbucks fans know, Starbucks has a wide variety of beverages and beverages on its menu.
Another little-known fact is that Starbucks Corporation also owns a subsidiary, Coffee Company. Compared to typical Starbucks, it sells more affordable coffee. Still wondering what coffee chain it is? Well, this is the best coffee in Seattle. Yes, Starbucks has them!
Now you realize Starbucks’ dominance in the coffee market. This means that as a company, Starbucks serves more than 4 million cups of coffee per day. The numbers keep getting bigger!
How much does it cost to open a Starbucks?
After reading all of this and being blown away by the numbers, it can be tempting to want to get into this lucrative coffee business. To open a Starbucks store, you need at least $700,000 in liquid assets. Yes, you read that right – $700,000.
This quantity must be liquid. In other words, it needs to be an asset that can be quickly converted into cash. So using your property is ineffective as it is very low liquidity. The most liquid asset is your cash, so you need to set aside that money to open a Starbucks.
How do I open my own Starbucks store?
If you have $700,000 to spare, you might consider opening your own Starbucks. Although Starbucks doesn’t have a franchise program, they do offer a licensing program. Here’s a quick guide to get you started!
- Sign up on the Starbucks Brand Solutions website.
- Complete the application process.
- Wait for Starbucks to review your application.
- If your application is approved, congratulations!
- Prepare $700,000.
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in conclusion…
The world’s largest coffee chain generates an average of $3,000 in sales per store per day. Combined, Starbucks Corporation generates more than $100 million in sales in a single day. Starbucks also serves about 4 million cups of coffee a day, excluding other beverages.
Now, those are the day’s numbers. If we look at it in a year, it will be more! Starbucks uses 2.3 billion paper cups a year and brings in $29 billion in annual revenue. Starbucks has grown to become the number one coffee brand in the world, and the numbers prove it.
If you’re keen to join and leverage Starbucks’ global reach and success, you might consider a licensing program. As a reminder, get ready for $700,000 to open a licensed Starbucks store.
