CoCo
Franchise research report · reviewed 2026 disclosure data
Researching CoCo franchise opportunities? Every figure below is cited to the FDD.
CoCo franchises operate cafés and retail stores serving bubble tea, brewed tea, coffee, juices, smoothies and packaged snacks. Stores use approved recipes, layouts and operating procedures, with franchise agreements covering either one or three locations and possible additional development.
Headline figures
CoCo quick facts
- Is CoCo a franchise?
- Yes. CoCo offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 16 franchised and 20 company-owned outlets (2026 FDD, Item 20, PDF p. 51).
- How much does it cost to open a CoCo franchise?
- The CoCo Franchise Disclosure Document reports an estimated initial investment of $221,300–$1,349,000 (2026 FDD, Item 7, PDF p. 17). This is the franchisor's disclosed estimate, not a quote. Details
- What is the CoCo initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $40,000 (2026 FDD, Item 5, PDF p. 10). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- What ongoing fees does CoCo charge?
- The disclosed ongoing royalty is 2% (2026 FDD, Item 6, PDF p. 11). The brand or advertising fund contribution is 2% (2026 FDD, Item 6, PDF p. 12). Other recurring fees are listed in Item 6. Details
- Does CoCo disclose financial performance (Item 19)?
- No. The reviewed CoCo FDD states that it does not make a financial performance representation in Item 19. Details
- How many CoCo locations are there?
- The FDD reports 36 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 51). Existing locations do not indicate territory availability. Details
- Is CoCo a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 makes no financial performance representation, so ask current owners about results; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1Opening costs are estimated at $221,300 – $1,349,000 in the 2026 FDD (Item 7); several initial fee options apply.
- 2The franchisor makes no financial performance representation in Item 19.
- 3Outlets grew by 1 in 2025, to 36 (System-wide, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
CoCo head-to-head
Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Total estimated initial investment
2026 FDD · Item 7 · PDF p. 17
Formats disclosed in Item 7 (2)
Each format has its own total. The total depends on the format you choose; multi-unit packages are listed but not included in the headline range.
- one Store: $221,300–$454,000PDF p. 17$221,300 – $1,349,000
- three Stores: $647,100–$1,349,000Multi-unitPDF p. 17$647,100 – $1,349,000
Standard single-unit franchise fee
2026 FDD · Item 5 · PDF p. 10
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty FeeMain ongoing fee
24 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
No financial performance representation in Item 19
The reviewed 2026 FDD for CoCo has no Item 19 figures on record. Franopolis does not estimate revenue or earnings in their place; ask the franchisor and current owners what unit-level information they can share.
Outlet Changes — Item 20
How has the outlet count changed?
System-wide, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 51
Net +0 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($221,300 – $1,349,000) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
CoCo reports no financial performance figures in Item 19. What information can you share about unit-level results?
Reported units went from 35 to 36 in 2025. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Estimated initial investment — Item 7 · PDF p. 17
- [2]Standard initial franchise fee — Item 5 · PDF p. 10
- [3]Outlet counts — Item 20, Table 1 · PDF p. 51
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2025 | 2025 balance sheetMore than one value recorded for this year — open the FDD source before comparing | $292,355 |
| 2025 | 2025 balance sheetMore than one value recorded for this year — open the FDD source before comparing | $332,283 |
| 2025 | 2025 balance sheetMore than one value recorded for this year — open the FDD source before comparing | $5,484,233 |
| 2025 | 2025 statement of cash flowsMore than one value recorded for this year — open the FDD source before comparing | -$38,814 |
| 2025 | 2025 balance sheetMore than one value recorded for this year — open the FDD source before comparing | $33,239 |
| 2025 | 2025 balance sheetMore than one value recorded for this year — open the FDD source before comparing | $962,515 |
| 2025 | 2025 balance sheetMore than one value recorded for this year — open the FDD source before comparing | $27,946 |
| 2025 | 2025 balance sheetMore than one value recorded for this year — open the FDD source before comparing | $51,718 |
| 2025 | 2025 balance sheetMore than one value recorded for this year — open the FDD source before comparing | $1,075,418 |
| 2025 | 2025 balance sheetMore than one value recorded for this year — open the FDD source before comparing | $2,849,882 |
| 2025 | 2025 balance sheetMore than one value recorded for this year — open the FDD source before comparing | $130,226 |
| 2025 | 2025 balance sheetMore than one value recorded for this year — open the FDD source before comparing | $429,369 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.
ShareteaAPAloha Poke Co
Donatos Pizza
Eggs Up Grill
Haraz Coffee House
IHOP and International House of PancakesHead-to-head comparisons
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Reader notes on wording
Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 12 · PDF p. 36 · 2026 FDD
Our summary: Non-Traditional Sites — no Protected Territory
“You will not receive a Protected Territory if you open a Store in any non - traditional sites, such as military bases, hotels, college campuses, airports, train stations, travel plazas, toll roads, hospitals, casinos, sports or entertainment venues or stadiums, shopping centers, and any other location which is situated within or part of a larger venue or facility (a “Non - Traditional Site”).”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 12 · PDF p. 37 · 2026 FDD
Our summary: Conditional Exclusive Development Territory
“Although the Development Territory affords you no territorial protection to develop Your Store(s), in certain circumstances we may agree to not operate, or grant third parties the right to operate, Stores in the Development Territory if you meet your Minimum Development Obligations (an “Exclusive Development Territory”).”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.