Are you interested in similar companies to Starbucks? Starbucks is a coffeehouse chain that’s become a cultural icon and has raised the bar for coffee houses worldwide. Their rise has made them a reliable company to invest in, and with their consistent success. Starbucks has grown a lot since it was first founded in 1971.
As of 2016, there were more than 22,000 Starbucks locations worldwide, serving approximately 60 million customers per week. They’ve even developed their own rewards program that gives you perks for every purchase you make in-store or online.
Unfortunately, Starbucks is only available in around 61 countries, so those who live outside the U.S. or Canada don’t have the privilege of enjoying their delicious Coffee and confectionaries. We’ve conducted extensive research to find out which stores are comparable to Starbucks and are worth investing our time and money into. We’ve also found 10 related companies worth keeping an eye on if you’re interested in emerging brands that can become the next Starbucks.
What Is Starbucks?
In the United States, Starbucks Coffee is a coffee roasting and coffeehouse chain. Starbucks was incorporated in 1971 in Seattle, Washington. It has 23,768 outlets globally (featuring 12,218 in the United States) as of November 2016, such as 7,588 coffee houses within supermarkets. The company’s main roasting plant is located in Kent, Washington, the state’s southwestern corner.
Starbucks began as a single store and grew into a multinational corporation, with more than 21,200 locations worldwide as of 2015. The company’s headquarters are in Seattle’s SoDo neighbourhood. Starbucks is on NASDAQ list as a SBUX.
In 2010 it expanded into India with an investment of $80 million for an 80% stake in the Tata Group’s joint venture Tata Starbucks Private Limited, which runs Tata Coffee retail stores across India. In 2013 Starbucks sold its 50% stake back to Tata for $50 million.
The company currently operates over 33,000 business and authorized stores globally and intends to have 55,000 locations by 2030. Starbucks’ largest market, with 15,000 outlets, is the United States, led by China, where the firm plans to open 6,000 outlets in 230 cities by the end of the fiscal year. Starbucks’ annual sales in 2020 were $23.52 billion, an 11.28 per cent decrease from $26.51 billion in 2019.
Top Companies Similar To Starbucks
Starbucks is a global coffeehouse chain with more than 23,000 locations worldwide. The business was established in 1971 and is still growing.
Since 1992, the organization has been traded on the New York Stock Exchange. It generates annual revenue of more than $23 billion. In 2017, Starbucks was America’s most reputable businesses according to Forbes magazine.
As one of the most successful brands globally, Starbucks has inspired many imitators and competitors over the years. Here are some of the Top Starbucks similar stores:
Peet’s Coffee is a small chain of coffeehouses based in the San Francisco Bay Area. Since 1966, the company has already been in existence. Peet’s was founded by Alfred Peet, a Dutch immigrant to the United States who opened his first shop in Berkeley, California, in 1966 with a mission to serve only premium quality coffee beans.
The company experienced significant growth during the 1980s and 1990s as it expanded beyond its initial location in Berkeley, California. In 1987, Howard Schultz purchased Starbucks Corporation and brought Peet’s Coffee into the fold. After agreeing that Starbucks would only sell Peet’s beans for its retail sales outlets, Schultz eventually sold the business back to Alfred Peet and his family.
In 1992, Peet’s Coffee opened its first store outside of California with a location on New York City’s Upper East Side. The company now has over 300 locations throughout North America and Europe, including Canada, France, and Germany.
Starbucks officially confirmed that it would buy the company for $9 billion in revenue. Peet’s sales increased to $983 million in the preceding year, 2020.
Caribou Coffee is a smaller brand than Starbucks, but it still holds a significant market share in the U.S. It was founded in 1992 by three college students who wanted to start their own business while still studying at the University of Minnesota. They opened up their first store in Detroit Lakes, Minnesota, where the company got its name.
Caribou Coffee currently operates more than 700 stores across the U.S. and Canada. The company’s revenue has been growing steadily over the years due to an increase in customer traffic and sales per customer visit. Caribou Coffee is known for its high-quality coffee beans and espresso drinks. It also offers other beverages such as hot chocolate, smoothies, and teas.
Dunkin’ Donuts, often abbreviated as “Dunkin”, is an American multinational coffee and doughnut retailer headquartered in Canton, Massachusetts, in Greater Boston. It was started in Quincy, Massachusetts, in 1950 by William Rosenberg and has grown to be amongst the world’s biggest Coffee and bakery brands, with 12000 outlets in 45 countries.
The company has over 10,000 locations globally and yearly profits of $ 1.32 billion, with the U.S. trademark accounting for 47 per cent of total sales. Each day, it reaches 5 million people, serving Coffee and espresso, chilled Coolatta, frozen beverages, doughnuts, and sandwiches, and introducing a new range of fully prepared canned Coffee in 2017.
Tim Hortons is Canada’s Starbucks. They have a lot of similar qualities, but each company has its own unique qualities and history. Tim Hortons is a Canadian coffee and doughnut shop started in 1964 by the hockey player Tim Horton. They are known for their famous doughnuts, but they also have other breakfast items like bagels and sandwiches. The company has more than 4,300 restaurants in Canada and approximately 1,500 locations globally.
Restaurant Brands International Inc., Tim Hortons’ parent group, is one of the largest global fast and easy service restaurant enterprises, with system revenues of further than $23 billion, including over 23,000 stores in more than 100 international locations as of June 30, 2016.
Krispy Kreme Doughnuts, Inc. (KKD) is a global chain of doughnut shops founded in Winston-Salem, North Carolina, by Vernon Rudolph in 1937. The company has over 1300 locations worldwide, including nearly 1,000 in the United States alone.
The company’s headquarters are located in Winston-Salem, North Carolina. It has regional offices located elsewhere in the United States and international branches in Australia, Canada, China, Japan, South Korea, and the United Kingdom. It also has many stores on military bases worldwide, including Camp Humphreys in South Korea and Hanscom Air Force Base in Massachusetts.
In addition to doughnuts, Krispy Kreme sells smoothies, and coffee drinks such as mochas and frappuccinos at some of its locations and pretzels and doughnuts dipped in milk chocolate or white chocolate. Other conventional grocery facilities, such as stores and supermarkets, sell products.
It’s a well-known and well-liked brand. There are now over 1,000 Krispy Kreme locations worldwide, with more than 350 in the United States alone. Krispy Kreme’s sales volumes were 733 million U.S. dollars in 2020, dropping from 887 million U.S. dollars.
Keurig Dr Pepper
Keurig Dr Pepper is a company based in Plano, Texas. It is a merge company that Keurig and Dr Pepper Snapple Group founded. The merged companies have created a new entity known as Keurig Dr Pepper. Bob Gamgort will lead this new entity as its chief executive officer (CEO).
The new company will trade under the stock code KDP on the New York Stock Exchange. It will have a market capitalization of $18 billion when it went public on Wednesday, December 20, 2019.
The merger between Keurig and Dr Pepper Snapple Group was announced in March 2019 and completed on September 3, 2019. The two companies are joining forces to create an industry leader that will dominate the coffee market in America. By 2021, they hope to be amongst the top ten consumer products firms globally.
McDonald’s is the Starbucks of fast food. It’s a big, global brand that’s been around for decades; it serves up a standard product and has an iconic mascot. In many ways, McDonald’s is the quintessential American restaurant chain.
It’s perhaps one of the most prosperous businesses in history. McDonald’s had 17 straight years of record sales growth until 2015, when it reported its first quarterly decline in profits since 2003.
The company was founded in 1940 by brothers Richard and Maurice McDonald, who opened a barbecue restaurant in San Bernardino, California. After seeing how successful hamburgers were with their consumers, they planned to increase. The first McDonald’s franchise opened in 1955 in Corpus Christi, Texas; today, over 36,000 locations worldwide make it more ubiquitous than even Starbucks (with 31,000 stores) or Subway (39,000).
McDonald’s is the country’s second most well-known fast-food restaurant chain. The company operates over 37,000 outlets in 120 countries and generates revenue of $21 billion per year. In the last five years, the share value of McDonald’s has climbed by far more than 60%.
Costa Coffee is a coffee shop chain which originated in London, England. It was founded by Italian businessman Sergio Costa and his brother Bruno Costa. In 1971, the first restaurant started in London. Costa has its headquarters at the Borough of Brentford in London.
Costa Coffee is a unit of Whitbread PLC that is included in the FTSE 250 Ranking and is traded on the Stock Exchange. Whitbread acquired Costa in 1995 for £19 million, although it had been trading since 1971. Since its first public offering on the London Stock Exchange in 1997, the business has experienced remarkable growth. In February 2015, Costa announced that it would open its first outlet in China through a joint venture with the Chinese state-owned conglomerate CITIC Group Corporation (CITIC), which will own 49% of the new venture.
Costa Coffee has more than 1,400 locations in Ireland, the UK, Asia, and continental Europe. In 2016 it opened its first U.S. location in Chicago and planned to open another 100 stores in the U.S. by 2020.
In August 2018, Whitbread agreed to sell its Costa Coffee chain for £3.9bn to Coca-Cola European Partners (CCEP), part of The Coca-Cola Company. The other major British coffee chain, Starbucks, sold its U.K. subsidiary to JAB Holdings for £8.2bn in January 2018.
Cafe Nero operates in Italy, and the U.K. CAFFÈ NERO is a coffee brand and retail chain founded in Milan, Italy, in 1992 by Antonio Percassi. It has more than 1,500 stores in 30 countries worldwide, including Australia, China, India, and Russia.
Cafe Ner0 sells fresh-brewed Coffee, hot chocolate, pastries, sandwiches, and soups. In addition, Nero Perk is the company’s rewards program. In February 2009, Caffè Nero announced that its joint venture partner Costa Coffee had bought out for £30 million. Both companies continued to operate independently until May 2010, when Caffè Nero bought out Costa’s remaining 50% stake for £20 million.
The company has several formats, including drive-thru espresso bars, smaller cafés, and larger multi-service cafes. It also operates a franchise model in which franchisees pay a fee to use the Caffè Nero brand and receive support from head office.
Keurig Green Mountain
Keurig Green Mountain is the Starbucks of the single-cup coffee business. It makes for a convenient and instant pick-me-up, but that convenience comes at a higher price than its competitors.
Keurig Green Mountain was founded more than two decades ago and is headquartered in Waterbury, Vermont. The company employs over 3,000 people and manufactures over 500 different K-Cup variations. In addition to Coffee, it also offers tea, hot cocoa, and iced beverages in K-Cups.
JAB Holding Company paid $13.9 billion for the firm in 2016. JAB also owns other coffee brands like Caribou Coffee Co., Peet’s Coffee & Tea Inc., Einstein Brothers Bagels, and Panera Bread Co.
Keurig Green Mountain owns the Keurig trademark and licenses it to the brand owners of various coffee makers, teas, and other beverages. In addition, Keurig manufactures and sells single-cup brewing systems for at-home use. It has been the subject of criticism for its pods’ environmental impact and the amount of water used by its machines.
Cafe Coffee Day
KCafe Coffee Day is a coffee chain and is the name of a coffee shop in India, but it is popularly known as Cafe Coffee Day. It was started by V.G Siddhartha in 1996 and has become one of the most successful chains in India. The franchise network spans the country, with aspirations to grow abroad.
In the year 2011, KCafe Coffee Day entered the Indian market and has been able to establish its presence across more than 1722 stores in over 200 cities. The company’s products include freshly brewed Coffee, espresso-based drinks, hot chocolate, and tea. In 2017, it was ranked third after Reliance Industries and TCS on BSE with a market capitalization of US$131 million.
KFC (Kentucky Fried Chicken)
KFC (Kentucky Fried Chicken) is an American fast-food restaurant specializing in fried chicken. It is the nation’s second-biggest restaurant chain (by sales) behind McDonald’s, with 19000 locations in 123 states and regions as of December 2015. It is situated in Louisville, Kentucky. Yum! Brands, a leading fast-food Pizza Hut and Taco Bell chain, runs a company.
In 2018, the 3 groups made $ 49 billion in profits, with KFC accounting for 49% of that total. Its most attractive destination is the United States, representing 41% of sales revenue, followed by Asia for 30%. KFC generates over $23 billion in revenue per year, making it one of the largest fast-food restaurants in the world by sales volume. Furthermore, it serves over 12 million customers every day.
The company’s growth was fuelled by its specialized items such as chicken buckets, fried chicken sandwiches, and coleslaw. The company also sells chicken nuggets made from real chicken meat (unlike Mcdonald’s). They have also recently introduced grilled chicken burgers, healthier alternatives to their fried chicken products.
If you are going to invest or decide about a company, it is always good to know what their competitors and peers are doing. We included all of the stores similar to Starbucks in the article so that the reader could make a better decision by comparing the competitors with them.
Though the 12 Starbucks-like stores mentioned above stand out as some of the best for their creativity, many more unique organizations are looking to make a mark on the world. It’s just up to you to decide which of these companies is poised for greatness in 2023.