WHAT'S COMING NEXT?
With over 28,000 stores worldwide Starbucks plan to open 1000 franchise stores in the UK over the next 5-7 years, of varying asset types, partnering with a maximum of 25 franchisees.
Starbucks has announced plans to appoint between 20 – 25 franchisees to operate within the UK and Ireland. 23.5 Degrees Ltd is Starbucks first franchise globally and have been allocated a developmental territory including Oxfordshire, Berkshire, Hampshire, Wiltshire, Cambridgeshire, Norfolk, Hertfordshire, Essex, Dorset in the South and East Anglia as well as Lancashire, Yorkshire, Cumbria and Northumberland in the North of England.
We opened our first store in February 2013 and now have 50 stores across the UK with another 27 in the pipeline over the next year.
23.5 Degrees operates in a sector that Allegra Strategies recently described as “having never seen such exciting developments in the UK coffee shop market. With increasing quality of coffee, better environments, and greater consumer appreciation of coffee and coffee houses, the market is poised for significant further growth over the next 3–5 years, with leading brands to average high single-digit comparable sales growth”.