DAILY GRIND Coffee House Franchise: What Happened?
Daily Grind Coffee House & Café franchise boasted in 2007 about its high listing in the Entrepreneur 500.
In 2014, UnhappyFranchisee.Com named the Daily Grind Coffee House & Café to a less flattering list: The Worst Franchises by SBA Loan Default Rate.
45% of the loans to franchisees to open Daily Grind franchise locations have defaulted, causing the franchisees – and U.S. taxpayers who guaranteed the loans to the banks – financial distress.
What happened to the once-promising Daily Grind franchise chain? Are you familiar with the Daily Grind? Please share a comment or insight below.
The Winchester, Virginia-based Daily Grind franchise once boasted more than 100 franchises open or in development.
Today there’s scant evidence on the Internet the chain ever existed.
The URL for the chain promotes the website of a single independent coffee shop in Martinsburg, WV.
Daily Grind: Casualty of the Franchise Wars?
Here’s a press release from 2007 about the growth of Daily Grind Coffee House & Café:
Daily Grind Coffee House & Cafe Receives Top Rankings In Entrepreneur(r) Magazine’s 2007 Franchise 500(r)
Winchester, Virginia based Daily Grind Coffee House & Cafe, one of the largest coffee house franchises in the country, was recently ranked #234 out of 500 by Entrepreneur(R) Magazine
(Monday, February 05, 2007) – Winchester, Virginia based Daily Grind Coffee House & Cafe, one of the largest coffee house franchises in the country, was recently ranked #234 out of 500 by Entrepreneur(R) Magazine in its annual FRANCHISE 500(R) listing…
This is the first year Daily Grind has been ranked by Entrepreneur(R) Magazine, placing #2 in the competitive coffee house category. "We’ve always been a leader in the coffee house franchise industry. I applaud our franchisees, area developers and corporate staff on this laudable achievement. To be recognized by such an esteemed publication for our accomplishments is truly an honor," says Leo Tudela, CEO of Daily Grind corporate.
"As we continue our national expansion, we are absolutely committed to providing the support new and existing Daily Grind franchise owners need in order to be successful and as Ed Chapman, one of our founders is fond of saying, ‘Lets Drink Some Coffee!’"
Tudela added. With over 100 coffee houses currently open or in development located throughout North America, Daily Grind is one of the nation’s fastest growing coffee house franchises with an excellent reputation for providing high quality specialty coffee beverages and freshly prepared food in a comfortable environment.
Opening their coffee house in 1995, Daily Grind Coffee House & Cafe began franchising in 2000. They began marketing their coffee house and cafe system and local level of store owner support necessary concept to entrepreneurs seeking to own and operate their own successful business.
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TAGS: Daily Grind Coffee House franchise, Daily Grind franchise opportunity, COFFEE franchise, coffee franchise opportunity, coffee franchise complaints, Ed Chapman, Leo Tudela, unhappy franchisee
