By Emon Reiser – Digital Producer, South Florida Business Journal
Apr 6, 2018, 12:59pm
Australia-based franchise Gloria Jean’s Coffees is looking for partners to grow its brand in the Miami market.
The specialty coffee brand, which is backed by international food and beverage company Retail Food Group (RFG), aims to sign three to five local franchisees that would each open five to 10 stores in South Florida. They would be the first Gloria Jean’s Coffees stores in Florida, with its debut slated for the fourth quarter.
“There is a desirable demographic in the market, paired with an extremely strong economy. The community is filled with coffee drinkers,” Gloria Jean’s Coffees Director of Franchise Development Laina Sullivan said of Miami. “We also tend to do better in markets with a warmer climate because of our wide variety of chillers and cold drinks.”
Gloria Jean’s Coffees franchisees need $150,000 in liquid capital and a net worth of $350,000. They can expect to initially invest between $185,000 and $485,000. Locations are between 1,000 and 1,200 square feet. The brand has not yet secured any real estate in South Florida.
“We are putting a focus on drive-through real estate, but also look for power centers or supermarket-anchored real estate,” Sullivan said. “We look for morning commuters, so we prefer the real estate to be in an area where there are morning drive times and are surrounded by morning tenants.”
Gloria Jean’s Coffees aims to open 50 to 75 locations globally in the next several years. It’s among the brands RFG announced last year it would position for U.S. expansion, including Donut King, Brumby’s Bakery and Crust Gourmet Pizza Bar.
RFG acquired the Gloria Jean’s Coffees brand in 2014. It has 60 U.S. franchisees, five of which are opening stores in the next month.