- Luckin Coffee Inc. (LK)
- Luckin Coffee warns of fraudsters using its brand name to dupe investors and franchisees
- China's Luckin Coffee is taking on Starbucks in more big markets
- Luckin Coffee to Launch Tea Series in October With Franchisees
- Luckin Coffee surges as much as 50% in its market debut
Luckin Coffee Inc. (LK)Law Offices of Howard G. LK Investors. Yahoo Finance. Sign in. Sign in to view your mail. Finance Home. Luckin Coffee Inc. Currency in USD. Add to watchlist. Summary Company Outlook. Trade prices are not sourced from all markets. Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies. Bullish pattern detected. Bollinger Bands. View all chart patterns. Performance Outlook Short Term. Mid Term. Long Term. Previous Close 4. Volume 22, Market Cap 1. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected. Research that delivers an independent perspective, consistent methodology and actionable insight. Press Releases. Business Wire. Advertise With Us. All rights reserved.
Luckin Coffee warns of fraudsters using its brand name to dupe investors and franchisees
China's Luckin Coffee is taking on Starbucks in more big markets
Browse through our complete library of business franchise related articles. Coffee is one of the most widely loved drinks in the world, prized for its aroma, taste, and the amazing way it makes you feel. For many, a day without coffee is a day that never began. With so many people drinking coffee every day, you've probably considered this the perfect business, especially if you're one of those people who can't function without your own cup of magic brew every morning. Of course, starting a franchise requires careful thought about the pros and cons, and having a good idea of the full costs you can expect. Coffee is both literally and figuratively hot, offering enormous opportunity for entrepreneurial types eager to join the world of small business ownership. Before choosing a franchise, you need to decide what type of coffee shop you want to run. Are you interested in a truck or cart that does little more than sell coffee? Maybe a drive-thru to grab people in a hurry to get to work? These details determine the type of enterprise you open and play a significant role in determining your overall costs and investment. The main benefit of owning a franchise is the partnership it provides as regards brand recognition and working with a proven business model. With coffee being such a popular beverage, coffee franchises are a hot investment. Your customer base is built-in, and the franchise supports its franchisees with branding and a business model, because your success is also in their best interest. Before you purchase a coffee franchise, you need to consider three main points: the investment, finding your space, and whether you'll sell products besides coffee. The investment, i. In addition to paying for the franchise license, you also need to budget for both the cost of your space and all of the necessary equipment. In general, you should expect it take a year or more before your investment begins turning a profit. You also need to decide whether to buy or lease a space. Most people opt for leasing, as it has a much lower initial cost. Your price depends on the size of the space. Whether you lease or buy, pricing is determined by square footage. Location also plays a role, in terms of both where in the country you are and your location within your community. Finally, you must determine whether you will sell products in addition to coffee. Most shops include some food items, such as donuts and other pastries, breakfast sandwiches, smoothies, teas, and cocoa. Of course, much of this is determined by which franchise you choose. Prices for a coffee franchise vary dramatically, depending on the type of franchise you buy. This cost includes equipment, licenses, and the cost for your space. In addition to the initial startup costs, you have recurring costs. If you buy a franchise, the company typically collects a variety fees or royalties in exchange for the use of their brand name. The royalties collected help pay for advertising expenses that can hugely benefit your business. All rights reserved.
Luckin Coffee to Launch Tea Series in October With Franchisees
Luckin Tea is the company's tea-based beverage line. The China-based coffee chain also announced the launch of a pilot program for its new retail partnership model to support the expansion of Luckin Tea. The company has named actor-singer Zhan Xiao as the brand ambassador of Luckin Tea. By launching an independent Luckin Tea brand and new retail partnership model, Luckin Coffee intends to accelerate its expansion into China's lower-tier cities and further increase its overall market share throughout the country. Jian Liu, Chief Operating Officer of Luckin Coffee, said, "To further capitalize on the opportunity in the freshly-brewed tea market, we are strategically launching Luckin Tea as an independent and complementary brand and rolling out the store footprint nationwide. In addition to freshly-brewed tea drinks, Luckin Tea stores will sell a standard range of classic freshly-brewed coffee. Luckin Tea stores will focus more on "leisurely" scenarios by targeting locations in shopping malls and other lifestyle-centric commercial areas, while Luckin Coffee stores will continue to expand its presence by primarily focusing on office locations. Luckin Tea stores will initially be rolled out in second, third and fourth-tier cities, whereas Luckin Coffee will focus on first and second-tier cities. Luckin Coffee said its pilot retail partnership model is different from the traditional franchise model and will not charge an upfront partnership fee or franchise fee. Luckin Coffee operates 2, stores across 40 cities in China. The company plans to open more than 4, stores by the end of The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Markets LK. In This Story LK. Latest Markets Videos. See more videos. Your Watchlist is empty. Add a Symbol. Add a symbol to your watchlist.