The health benefits of tea, as well as the trendy variations on the classic drink, have proved to be beneficial for this market. Franchise fee: $41,500 per location, 4.5% of monthly sales. You can choose from classic teas, milk teas, fruit teas, slushies and more. Initial Franchise Fee: $37,000 You don’t need to worry about how your store design or interior will look like. It is important to note that the $37,000 franchise fee requirement only applies to traditional stores. Through embracing authenticity in flavors and textures, TKK has demonstrated its exceptional value as a fried chicken … Jamba Juice Franchise: Startup Cost, Profit & Opportunities, The Brass Tap Franchise: Startup Cost, Profit & Opportunities, Planet Smoothie Franchise: Startup Cost, Profit & Opportunities, Smoothie King Franchise: Startup Cost, Profit & Opportunities. Use of Taiwanese fruits for genuine enjoyment of delicious and healthyFormosan fruits. This includes $50,050 to $72,050 that you must pay to the franchisor or their affiliate. Kung Fu Tea franchise gives you such an opportunity. Your email address will not be published. Why Lead Generation Business An Important But Scalable & Long-Term Business Plan Versus Franchising In 2019 Franchising Programs Covered. A Kung Fu Tea franchise gives entrepreneurs access to a popular, U.S.-based bubble tea company that’s been around for about a decade. However, you must meet all the requirements given above to qualify. 3. I was ecstatic to learn that there was one on Drexel's campus. Franchise Facts Kung Fu Tea offers a selection of bubble teas and signature drinks from base ingredients such as milk, yogurt, punch or slush. You also get clarifications regarding all areas of operations especially the financial aspects of the contract. The company now has over 187 locations across the U.S. with several International in Canada, Vietnam and Australia. In a city where good pearl milk tea is hard to find, Kung Fu Tea really stands out. List of Franchisees | … However, Kung Fu Tea reserves the right to screening and final approval. Share. You are expected to proceed to the signing of the franchise agreement as well as the lease for the approved store location. Kung Fu Tea franchise in Rochester College Town is an attractive investment opportunity. We serve famous franchise kung fu tea! This contains the entire terms of the agreement. Finally, you’ll need to pay a royalty fee of 2.5% of gross sales or $500, whichever is higher. fresh sushi burrito and powe bowl! Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. Product Development. An advantage of franchising over vertical integration is: A. TKK FRANCHISE INQUIRY Kung Fu Tea Franchise Opens Up a New Location in National City with the Help of Mindful Design Consulting. Want to join Kung Fu Tea’s Fresh - Innovative - Fearless family? With over 200+ locations across the U.S., Kung Fu Tea has become America’s largest made-to-order bubble tea brand. All drinks are made with fresh, premium ingredients. Further details are furnished during the application process. TKK FRANCHISE INQUIRY However, that’s not all as there are other fees such as the working capital ranging between $5,000 to $25,000. That covers the initial franchise fee and other setup fees. Contact Information. To get a better picture of what it takes to be profitable, you’ll need to contact the franchisor for further details. I live in West Philly and I usually go to the one Chinatown, and it is worth the commute! Kung Fu Tea franchise gives you earning opportunities. This will cost you around $37,000. Mindful Design Consulting completed the design of a new Kung Fu Tea store location in National City, California. However, profitability isn’t attached to a definite number. For the initial term agreement, you’ll be signing into a 10-year contract with the … Your email address will not be published. Kung Fu Tea was founded in 2009 by Michael, Ray, Allen and Sean. Business Planning. Kung Fu Te… For more clarity, cost varies with franchise size or the number of units.if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-startupback_com-box-4-0')}; A 500 to 1,500 square feet traditional Kung Fu Tea franchise stores, for example, will cost between $140,000 to $422,000. By owning part of this business, you become a partner in its success story and get to operate under its banner. 141 reviews of Kung Fu Tea "Whoo hoo! This seeks to provide them with all the basic skill requirements to help them succeed. You get to pick your toppings, sugar levels, and ice levels. Kung Fu Tea! As a prospective franchisee, owning a part of the Kung Fu Tea franchise comes with certain obligations. This includes $50,050 to $72,050 that you must pay to the franchisor or their affiliate. Apply Now. Those for non-traditional stores are only available upon request.if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-startupback_com-banner-1-0')}; Certain pieces of equipment are required for the smooth operation of a Kung Fu Tea franchise outlet. First in Taiwanese tea drink industry to digitalize the sweetness of the beverages, reducing the burden on the body and allowing consumers to drink at ease. Franchise Directory; Shop; Learn . Circulation of updates is also done to keep all franchisees abreast of happenings and changes to certain aspects of operations.if(typeof __ez_fad_position != 'undefined'){__ez_fad_position('div-gpt-ad-startupback_com-large-leaderboard-2-0')}; If you’ve found the information provided above to be interesting, you can go a step further by starting your application process. There’s no fixed cost attached to renovation. Download the Kung Fu Tea app to earn rewards! Traditional Store Franchise Fee: $37,500 Kung Fu Tea or Affiliate: $25,000 Non-Traditional Store Franchise Fee: $25,000 Training Fee: $10,000 Other costs Equipment Costs(depends on size): $100,000 - $150,000 Renovation Costs(depends on size): Varies Royalty Fee: 5% Marketing Fee: 2% KFT Franchisee: upon request. Gong Cha. Locations. This includes a royalty fee of 4%. Tea leaves and raw materials conform to national inspection standards, allowing consumers to drink carefree. A sales representative will contact you via email or phone, Schedule an interview to go over all the details, Receive franchise disclosure document (FDD), Look for the best possible store location (the Kung Fu Tea Team will provide professional recommendations for location screening and final approval), Sign franchise agreement and lease for approved store location, Store Renovation (the Kung Fu Tea Team will provide a standard store layout and interior design), Training Program (provided for up to two people and usually finishes in three weeks), Grand Opening (the Kung Fu Tea Team will have a senior staff member present to assist you during the grand opening period for up to two weeks to ensure smooth store operation), High fives and continued support from the Kung Fu Tea Team, Traditional Store (500 to 1,500 square feet), Non-traditional Store (located in an airport, hotel or resort, military installation, school or university campus, train station, subway station, casino, theme park, sports stadium, enclosed shopping mall or similar location). The total investment necessary to begin operation of a Kung Fu Tea shop franchise is $124,050 to $428,050 for a standard Kung Fu Tea shop and $124,050 to $281,050 for a non-traditional unit. Kung Fu Tea franchise has quite an impressive spread of outlets. Blog; Tools and Resources; Reports; Franchise Intelligence; Best in Class; Blog; Sign in; Search Franchises; Search Suppliers ; 1-800-975-6101 1-800-975-6101; Search Franchises; Search Suppliers; Welcome To We're excited for you to unlock full access! By Restaurant News Release On Mar 31, 2021. They offer made to order beverage along with specialized merch like reusable straws and tea sets. There is also a marketing fee of 0.5%. In 2018, Kung Fu Tea founded National Bubble Tea Day to be celebrated annually on April 30th, the day Kung Fu Tea opened its first location. Chinese. 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