Start-Up Costs and Fees |
||
| Kung Fu Tea | Barnie's Coffee & Tea Company | |
| Investment | 124050 - 428050 | 202000 - 350000 |
| Franchise Fee | ||
| Royalty Fee | 7% | |
| Advertising Fee | ||
| Year Founded | 2013 | 1980 |
| Year Franchised | 2013 | 1981 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Kung Fu Tea | Barnie's Coffee & Tea Company | |
| Experience | ||
Financing Options |
||
| Kung Fu Tea | Barnie's Coffee & Tea Company | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Kung Fu Tea | Barnie's Coffee & Tea Company | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Ad slicks | |
| Operations | International franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 20 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Kung Fu Tea | Barnie's Coffee & Tea Company | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion | Australia, Canada, Mexico |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | |
| Franchise Fee | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | |
| Royalty Fee | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | 7% |
| Advertising Fee | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | |
| Year Founded | |
| Kung Fu Tea | 2013 |
| Barnie's Coffee & Tea Company | 1980 |
| Year Franchised | |
| Kung Fu Tea | 2013 |
| Barnie's Coffee & Tea Company | 1981 |
| Term Of Agreement | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | 10 years |
| Renewal Fee | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | 50% of current franchise fee |
Business Experience Requirements |
|
| Experience | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | |
Financing Options |
|
| Franchise Fees | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | |
| Start-up Costs | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | |
| Equipment | |
| Kung Fu Tea} | |
| Barnie's Coffee & Tea Company | |
| Inventory | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | |
| Receivables | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | |
| Payroll | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | |
Training & Support |
|
| Training | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | |
| Support | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | Ad slicks |
| Operations | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | International franchisees required to buy multiple units/master licenses; 90% of all franchisees own more than one unit Number of employees needed to run franchised unit: 10 - 20 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Kung Fu Tea | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Barnie's Coffee & Tea Company | |
| Canada Expansion | |
| Kung Fu Tea | |
| Barnie's Coffee & Tea Company | 0 |
| International Expansion | |
| Kung Fu Tea | Australia, Canada, Mexico |
| Barnie's Coffee & Tea Company | |