Start-Up Costs and Fees |
||
| The Coffee Beanery | Kung Fu Tea | |
| Investment | 112500 - 496100 | 124050 - 428050 |
| Franchise Fee | ||
| Royalty Fee | 4% | |
| Advertising Fee | 2% | |
| Year Founded | 1976 | 2013 |
| Year Franchised | 1985 | 2013 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| The Coffee Beanery | Kung Fu Tea | |
| Experience | General business experience Retail experience | |
Financing Options |
||
| The Coffee Beanery | Kung Fu Tea | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| The Coffee Beanery | Kung Fu Tea | |
| 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 |
||
| The Coffee Beanery | Kung Fu Tea | |
| US Expansion | 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, | 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 | |
| The Coffee Beanery | |
| Kung Fu Tea | |
| Franchise Fee | |
| The Coffee Beanery | |
| Kung Fu Tea | |
| Royalty Fee | |
| The Coffee Beanery | 4% |
| Kung Fu Tea | |
| Advertising Fee | |
| The Coffee Beanery | 2% |
| Kung Fu Tea | |
| Year Founded | |
| The Coffee Beanery | 1976 |
| Kung Fu Tea | 2013 |
| Year Franchised | |
| The Coffee Beanery | 1985 |
| Kung Fu Tea | 2013 |
| Term Of Agreement | |
| The Coffee Beanery | 10-20 years |
| Kung Fu Tea | |
| Renewal Fee | |
| The Coffee Beanery | 25% of initial fee |
| Kung Fu Tea | |
Business Experience Requirements |
|
| Experience | |
| The Coffee Beanery | General business experience Retail experience |
| Kung Fu Tea | |
Financing Options |
|
| Franchise Fees | |
| The Coffee Beanery | No |
| Kung Fu Tea | No |
| Start-up Costs | |
| The Coffee Beanery | |
| Kung Fu Tea | |
| Equipment | |
| The Coffee Beanery} | |
| Kung Fu Tea | |
| Inventory | |
| The Coffee Beanery | |
| Kung Fu Tea | |
| Receivables | |
| The Coffee Beanery | |
| Kung Fu Tea | |
| Payroll | |
| The Coffee Beanery | |
| Kung Fu Tea | |
Training & Support |
|
| Training | |
| The Coffee Beanery | |
| Kung Fu Tea | |
| Support | |
| The Coffee Beanery | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Kung Fu Tea | |
| Marketing | |
| The Coffee Beanery | Co-op advertising, Ad slicks, National media |
| Kung Fu Tea | |
| Operations | |
| 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) |
| Kung Fu Tea | |
Expansion Plans |
|
| US Expansion | |
| 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, |
| 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 |
| Canada Expansion | |
| The Coffee Beanery | 0 |
| Kung Fu Tea | |
| International Expansion | |
| The Coffee Beanery | |
| Kung Fu Tea | Australia, Canada, Mexico |