Start-Up Costs and Fees |
||
| Kung Fu Tea | The Coffee Beanery | |
| Investment | 124050 - 428050 | 112500 - 496100 |
| Franchise Fee | ||
| Royalty Fee | 4% | |
| Advertising Fee | 2% | |
| Year Founded | 2013 | 1976 |
| Year Franchised | 2013 | 1985 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Kung Fu Tea | The Coffee Beanery | |
| Experience | General business experience Retail experience | |
Financing Options |
||
| Kung Fu Tea | The Coffee Beanery | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Kung Fu Tea | The Coffee Beanery | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | |
| Marketing | Co-op advertising, Ad slicks, National media | |
| Operations | International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 - 17 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Kung Fu Tea | The Coffee Beanery | |
| 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 | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | 0 | |
| International Expansion | Australia, Canada, Mexico |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Kung Fu Tea | |
| The Coffee Beanery | |
| Franchise Fee | |
| Kung Fu Tea | |
| The Coffee Beanery | |
| Royalty Fee | |
| Kung Fu Tea | |
| The Coffee Beanery | 4% |
| Advertising Fee | |
| Kung Fu Tea | |
| The Coffee Beanery | 2% |
| Year Founded | |
| Kung Fu Tea | 2013 |
| The Coffee Beanery | 1976 |
| Year Franchised | |
| Kung Fu Tea | 2013 |
| The Coffee Beanery | 1985 |
| Term Of Agreement | |
| Kung Fu Tea | |
| The Coffee Beanery | 10-20 years |
| Renewal Fee | |
| Kung Fu Tea | |
| The Coffee Beanery | 25% of initial fee |
Business Experience Requirements |
|
| Experience | |
| Kung Fu Tea | |
| The Coffee Beanery | General business experience Retail experience |
Financing Options |
|
| Franchise Fees | |
| Kung Fu Tea | |
| The Coffee Beanery | |
| Start-up Costs | |
| Kung Fu Tea | |
| The Coffee Beanery | |
| Equipment | |
| Kung Fu Tea} | |
| The Coffee Beanery | |
| Inventory | |
| Kung Fu Tea | |
| The Coffee Beanery | |
| Receivables | |
| Kung Fu Tea | |
| The Coffee Beanery | |
| Payroll | |
| Kung Fu Tea | |
| The Coffee Beanery | |
Training & Support |
|
| Training | |
| Kung Fu Tea | |
| The Coffee Beanery | |
| Support | |
| Kung Fu Tea | |
| The Coffee Beanery | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Kung Fu Tea | |
| The Coffee Beanery | Co-op advertising, Ad slicks, National media |
| Operations | |
| Kung Fu Tea | |
| The Coffee Beanery | International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 - 17 Absentee ownership of franchise is allowed. (90% 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 |
| The Coffee Beanery | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | |
| Kung Fu Tea | |
| The Coffee Beanery | 0 |
| International Expansion | |
| Kung Fu Tea | Australia, Canada, Mexico |
| The Coffee Beanery | |