In 2021, Starbucks reported a whopping $29 billion in revenue. It is no surprise that the coffee giant has a reputation for bringing in huge profits. With over 33,800 stores worldwide in 80 countries, Starbucks’ has no issue with profits.
When you step into your local Starbucks store, you might wonder how much that store makes in a day? How profitable can a Starbucks store be? Keep reading to find out more!
How Much Money Does Starbucks Make A Day?
On average, Starbucks makes $3,000 per day in its 15,000 company-owned stores. This is a rough estimate. Once you factor in special festivities and promos, the figure is likely to be much higher.
If a single store generates $3,000 per day and assuming that Starbucks’ licensed stores can do the same, that would mean Starbucks makes over $100 million a day! This figure would be the approximate revenue to the Starbucks Corporation after deducting royalties, profit sharing, and other fees, etc. Have a look below:
$3000 x 33,800 stores = $101.4 million per day
In the US alone, Americans drink over 400 million cups of coffee per day. Obviously, not all 400 million cups are from Starbucks but the majority of them are. With millions of customers globally, the math does add up.
At this moment, Starbucks seems like some giant money printing machine with the kind of sales it’s churning out every day. Wishing you were the one who founded Starbucks?
How Many Customers Does Starbucks Get A Day?
Starbucks gets over 500 customers in a day. Now, this was the average in 2019 and with pandemic restrictions easing the number is expected to shoot up higher. That being said, 500 customers is an estimate. The number of customers visiting a Starbucks will vary from store to store.
In urban and suburban areas, the number of customers is significantly higher than smaller towns or rural areas. In general, the more traffic in the area, the more customers Starbucks will have. Geographical location is a major factor that influences how many customers step into a coffee shop.
A survey conducted in 2018 found that around 37.8 million of Americans visited a Starbucks in the past month. Even Starbucks claims to serve “millions of customers each week.”
How Many Cups Does Starbucks Use A Day?
Every year Starbucks uses over 2.3 billion paper cups to serve the multitude of coffee-loving customers globally. If you take 2.3 billion and divide it by 365 days, you will get around 6.3 million cups per day.
However, it is challenging to give an exact or highly accurate number. Some say it’s 10 million cups per day while others claim the number is less. So to meet in the middle, 6.3 to 8 million cups is a good range. Nonetheless, that gives you a rough idea.
How Many Cups of Coffee Does Starbucks Sell A Day?
Starbucks sells an average of 4 million cups of coffee in a day. However, it is important to note that Starbucks does not only sell coffee. As Starbucks fans would know very well, Starbucks has a wide range of drinks and beverages on it menu.
Another little-known fact is that the Starbucks Corporation also owns a subsidiary coffee company. It sells more affordable coffee compared to your typical Starbucks. Still wondering what coffee chain it is? Well, it is Seattle’s Best Coffee. Yes, Starbucks owns them!
Now you realize how much of the coffee market Starbucks dominates. So that means that overall 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 that and getting blown away by the numbers, it can be tempting to want to get into this money-making coffee business. To open a Starbucks store, you will need a minimum of $700,000 in liquid assets. Yes, you read that right- $700,000.
This amount has to be liquid. In other words, it needs to be an asset that can be quickly converted in cash. So using your property would not be valid since it’s highly illiquid. The most liquid asset is your cash, so you need to set aside that amount to open a Starbucks.
How Do I Open My Own Starbucks Store?
If you’ve got $700,000 to spare, you might consider opening your own Starbucks. Although Starbucks does not have a franchising program, they offer a licensing program instead. Here’s a quick guide to get you started!
- Register with the Starbucks Branded Solutions website.
- Complete the application process.
- Wait for Starbucks to review your application.
- If your application is approved, congratulations!
- Prepare the $700,000.
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The world’s largest coffee chain generates an average of $3,000 every day in sales per store. Adding everything up, the Starbucks Corporation makes over $100 million in sales revenue in a day. Starbucks also serves around 4 million cups of coffee a day excluding other drinks.
Now, those are figures in a day. If we look at it in a year, it’s more! Starbucks uses 2.3 billion paper cups every year and brings in $29 billion in annual revenue. Starbucks has grown to become the number #1 coffee brand worldwide and the numbers prove it.
If you’re keen to hop on board and ride on Starbucks’ global presence and success, you can consider the licensing program. As a heads up, be ready to prepare $700,000 to open a licensed Starbucks store.