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Caribou Coffee franchise financing options

Compare costs, fees and where to get financing for a Caribou Coffee.

Overall costs for Caribou Coffee run anywhere from $223,840 to $939,995. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Caribou Coffee franchise may result in higher or lower fees.

Franchise fees

Caribou Coffee franchise fees total around $18,750, which beats out the $37,000 average for the 200 largest franchises nationwide.
Franchise Cost
Initial license fee $12,500 to $25,000
Estimated total $12,500 to $25,000

Equipment fees

Equipment fees total $167,448 for Caribou Coffee. This is less than the $180,023 average for the top 200 franchises.
Equipment Cost
Furniture, fixtures, interior signage and equipment $102,000 to $142,000
Exterior signage $1,600 to $50,000
Point-of-sale system $10,000 to $29,295
Estimated total $113,600 to $221,295

Real estate fees

Real estate will set you back $280,250 for Caribou Coffee, thought it's less than the average of $788,376 for the top 200 franchises.
Real estate Cost
Real estate and rent $7,500 to $27,000
Leasehold improvements $45,000 to $430,000
Architect and design work $11,000 to $40,000
Estimated total $63,500 to $497,000

Training fees

Caribou Coffee initial training costs total $7,750, which comes in under the nationwide average of $9,788.
Training Cost
Initial and additional training expenses, unless trained by certified manager $1,500 to $6,000
Weekly cost of trainers' travel, hotel and living expenses for additional in-store training and grand opening support $1,500 to $6,500
Estimated total $3,000 to $12,500

Inventory costs

Initial inventory for Caribou Coffee shakes out to $14,000. This is less than the nationwide average of $53,119.
Inventory Cost
Opening inventory and supplies $9,000 to $19,000
Estimated total $9,000 to $19,000

Marketing costs

Advertisement and marketing costs total up to $11,250 for Caribou Coffee, which is more than the nationwide average of $9,938.
Marketing Cost
Opening campaign $2,500 to $20,000
Estimated total $2,500 to $20,000

Administrative fees

Caribou Coffee administrative fees total up to $9,970 — which comes in over the overall nationwide average of $6,761.
Admin Cost
Prepaid expenses and deposits $6,740 to $13,200
Estimated total $6,740 to $13,200

Other expenses

Miscellaneous expenses for Caribou Coffee total $72,500 — more than the nationwide average of $69,970.
Other Cost
Miscellaneous opening costs $1,000 to $42,000
Three months' additional funds $12,000 to $90,000
Estimated total $13,000 to $132,000
All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

Since the estimated total for Caribou Coffee is on the more costly side, we recommend following these steps to get fully financed:
  1. Go to the Caribou Coffee franchising website and review its financial requirements, including cash-on-hand requirements.
  2. Reach out to Caribou Coffee about in-house financing for franchisees.
  3. If in-house financing isn't available, look for online loans, bank loans and SBA loans to help meet the $581,918 estimated opening costs.
  4. Compare lenders based on amounts, interest rates and what types of personal and business credit history they accept.
  5. Once you settle on a lender, gather all required documents, including account statements and assets.
  6. Apply for financing online or in person as required by the lender.

What types of financing is available?

You have several options when it comes to financing a Caribou Coffee — even if the cost is on the heavier side. What assets you have available will largely determine how much you need to borrow, and which option suits you best.
  • Online loan. A number of online business lenders offer amounts up to $1 million, with some extending up to $5 million.
  • Bank loan. Your personal credit will typically need to at least be good — 670 or higher — when it comes to getting a bank loan large enough to cover a significant portion of Caribou Coffee opening costs.
  • SBA loan. While your personal credit score doesn't need to be as good to qualify for an SBA loan, they usually cost more than standard term loans from banks or online lenders.
Also check if Caribou Coffee franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

You may not need financing to cover the estimated $223,840. But if you need funds for other business ventures, select the loan amount, your time in business and revenue and your personal credit score to compare a selection of lenders.
Name Product Filter Values Min. Amount Max. Amount Requirements
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
National Funding business loans
$5,000
$500,000
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
Fundbox lines of credit
$1,000
$150,000
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
Bitty Advance business cash advances
$2,000
$25,000
$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score
With APRs in the triple digits, this is best saved as a last resort.
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How Caribou Coffee stacks up

Compare how Caribou Coffee holds up against two similarly sized franchises.
Bojangles Caribou Coffee Culveru2019s
Average Franchise fees $15,000 $18,750 $37,500
Average Equipment fees $235,000 $167,448 $663,000
Average Real estate fees $1,380,050 $280,250 $2,954,500
Average Training fees $48,500 $7,750 $50,000
Average Inventory fees $6,178 $14,000 $42,500
Average Marketing fees NA $11,250 NA
Average Licenses and permits fees $8,250 NA NA
Average Insurance fees $5,750 NA NA
Average Admin fees NA $9,970 NA
Average Personnel fees NA NA NA
Average Other fees $112,500 $72,500 $105,000

Bottom line

Caribou Coffee franchise costs run a total of $581,918. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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