Caribou Coffee

Caribou Coffee Company, Inc. is a prominent coffeehouse chain celebrated for its handcrafted beverages and dedication to quality ingredients. Established in December 1992 by John Puckett in Edina, Minnesota, Caribou Coffee quickly became a regional favorite before expanding its reach both nationally and internationally. The company's headquarters are located in Brooklyn Center, Minnesota, maintaining its connection to its Midwestern origins and community-focused ethos.

As of October 2025, Caribou Coffee operates 487 locations, comprising a mix of company-owned and franchised stores across the United States and select international markets. The brand is well-regarded for its commitment to sustainability, using 100% Rainforest Alliance Certified beans, and offers a diverse menu that includes coffee, teas, breakfast, and bakery items. This approach appeals to a wide customer base that values authentic flavors and responsible sourcing.

In 2012, Caribou Coffee was acquired by JAB Holding Company, a global investment firm. By 2021, it became part of Panera Brands, joining forces with Panera Bread and Einstein Bros. Bagels, which bolstered its market position. The company is actively expanding, having recently made its entry into Texas with its first standalone store. Caribou Coffee is also focusing on growth in the Midwest, Southeast, Middle East, and Asia, with an emphasis on drive-thru and non-traditional formats.

Caribou Coffee’s flexible store models—ranging from traditional coffeehouses to drive-thrus and kiosks—facilitate rapid deployment in various settings, aligning with its aggressive growth strategy. The brand's scale, recognition, and backing by a strong parent company make it a key player in the quick-service coffee segment, presenting ongoing opportunities for commercial real estate professionals.