If you are looking towards opening a Kung Fu Tea Franchise, then this article is for you. If you are an entrepreneur you know that owning a franchise is a big stepping stone in your career. You get to work under its banner and take your company forward with this opportunity. Moreover, learn about this franchise and its details in this article. It will aid you in deciding whether this franchise will suit you or not.
Did you know the Kung Fu Tea Franchise was founded in New York in 2010? The parent company started to franchise in 2013 under the business name which is based in Delaware. Currently, there are nearly 245 Kung Fu Tea shops across the United States.
The company allows them to improve their brand and drinks as well. The franchise offers an affordable initial investment with a proven business model and as well as established advertising campaigns.
About The Kung Fu Tea:
Kung Fu Tea is the US’s largest made-to-order bubble tea company. They offer daring efforts with upgraded world beverages which challenges the industry. They also have a multi-unit franchise program in which you can pledge to open and operate a certain number of Kung Fu Tea shops in specific geographic areas over a set length of time. The Kung Fu Tea Franchise offers all assistance to all of its franchisees.
Kung Fu Tea Franchise Model:
The initial franchise fee is $37,000
The total investment cost is $123,000- $422,000
The royalty fee is 5%
Equipment costs $25,000 – 35,000
Renovation costs may vary accordingly.
The interior design of the shop is $5000
Leasehold improvements and architectural costs $150,000
The security deposit is $ 40,000
To open this franchise you must have a minimum of about $123,000 capital. Moreover, you need to consider the real estate costs, the cost of equipment, renovation costs, and the cost of uniforms with the cost of insurance, etc.
Then you need to evaluate your business experience before applying for this bubble tea shop franchise. Then you should look at the market available for this franchise. Before proceeding with the franchising applications.
Then the application will be reviewed by the team. After that you will be emailed with a confirmation receipt upon then you will be provided with the contact details of the franchise owner. After receiving your approval, your financial and background checks will be checked. Then you have to meet the requirements of the franchiser.
Is Kung Fu Tea Worth The Franchise Cost?
After a few years in this business, your franchise will have the famous tag name of being popular. You can sell your franchise on 38% of the midpoint initial investment.
Moreover, the franchise profit and ROI offer highly confidential information. So they won’t be disclosing it. You can know about this only after you have applied for this franchise.
In this franchise, you can sell a variety of oriental style brews tea, bubble tea, coffee, and juices along with smoothies and other hot and cold drinks. This franchise also has relationships with third-party sources which offer financing to cover the following franchise fee, along with the startup costs, inventory, accounts receivable and payroll, etc.
Step by Step Guide For Business Opportunities With Kung Fu Tea:
- Firstly you need to fill out the inquiry form.
- Then a sales representative will contact you via email or phone.
- Then you can schedule an interview over all the details.
- You will receive the franchise disclosure document.
- You can look out for the best possible store location like commercial places. Then you will be given final approval.
- Now you need to sign the franchise recommendations for store location.
- After that, you need to renovate the store and the team will provide you with the layout and the interior design.
- After everything, you will be provided with the training requirements and program which will be finished in three weeks.
- Now a senior team member from the Kung Fu team will assist you in the grand opening period for over two weeks to ensure smooth store operation.
Kung Fu Tea Franchise Requirements:
There are not many requirements. But most of all you have to provide money to invest and space to open this franchise.
Kung Fu Tea Franchise Contact Details:
Yes, it’s very profitable to start.
Well, it’s an American company but it has a different story of the founders looking for this authentic tea on their Taiwan trip.
It will cost you around $37,000 with the upfront fees.
The benefits of this Kung Fu Tea Franchise are fresh, innovative, and fearless.
As you can see this franchise opportunity is one of the best benefits of Kung Fu Tea. It’s an authentic bubble tea establishment. Did you know there has been obvious growth in the number of outlets? Its turnover rate indicates the good health of the company. This franchise opportunity seems to be a well-worth one with the ongoing costs and fees. If you are still looking for more details in this article. Let us know in the comment section below.