Scooter’s Coffee Secures up to $20 Million in Franchisee Financing through ApplePie Capital to Help Fuel Franchise Growth
TREVOSE, PA (September 18, 2018) – Scooter’s Coffee, the Midwest-based coffee franchise that has experienced tremendous nationwide growth over the past year, announced today it has partnered with ApplePie Capital to offer new and existing franchisees access to up to $20 million in debt capital to drive continued expansion across the U.S.
Scooter’s Coffee is at the dawn of a strategic growth phase in the Midwest and nationwide. The U.S. coffee market is an estimated $48 billion a year recession-resistant industry, and Scooter’s Coffee is striving to become the #1 drive-thru coffee franchise in the nation.
“We are excited to be partnering with ApplePie Capital as they understand Scooter’s business model, brand promise and core values. ApplePie Capital are proven leaders in the franchise financing world and help franchisees start and grow their business. $20 million in funding to our potential and existing franchises is a key step in Scooter’s strategic initiatives to fuel growth and brand awareness,” stated Scooter’s Coffee Chief Financial Officer Chad Hartnett.
“ApplePie Capital is thrilled to add Scooter’s Coffee to the franchisors we serve,” said Denise Thomas, CEO and co-founder of ApplePie. “We are very selective in the brands we partner with and look for franchisors with strong unit-level economics, low closure rates, and successful franchisees. The track record for Scooter’s Coffee in these areas made it an easy decision to begin a partnership. We look forward to supporting their franchisees’ long-term growth plans.”
About Scooter’s Coffee:
Founded in 1998 by Don and Linda Eckles in Bellevue, Nebraska, Scooter’s Coffee roasts only the finest coffee beans in the world at its headquarters in Omaha, Nebraska. In more than two decades of business, Scooter’s Coffee’s success is simple: stay committed to the original business principles and company core values. The Scooter’s Coffee Brand Promise, often recited to franchisees, customers and employees is: “Amazing People, Amazing Drinks… Amazingly Fast!®” It represents the company’s business origins from 1998 and reflects a steady commitment to providing an unforgettable experience to loyal and new customers.
Scooter’s Coffee specializes in hand-tamped espresso drinks, fruit smoothies, baked-from-scratch pastries and features its signature drink, the Caramelicious®. The company also serves a line of hot and iced organic teas, single-origin coffee and the original Cold Brew & Cream. This year, one of Scooter’s Coffee’s drink innovations includes Red Bull Infusions.
About ApplePie Capital
ApplePie Capital is an innovative financial solutions provider dedicated to the franchise industry. ApplePie provides a wealth of financial choices for franchise entrepreneurs at every stage of their development, with a diverse and growing network of capital providers and financing solutions, including growth capital, SBA and conventional loans, and equipment financing. ApplePie’s franchise finance experts are focused on matching clients with the right option at the right time, maximizing their efficiency and reducing the headaches of working separately across individual lenders. For more information, visit www.applepiecapital.com.