|
Below is an in-depth analysis and side-by-side comparison of Tapioca Express vs Distinctly Tea including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $200,000 - $420,000 | $160,000 - $230,000 |
Franchise Fee | $15,000 | $20,000 |
Royalty Fee | $0.055/cup | - |
Advertising Fee | - | - |
Year Founded | 1999 | 2003 |
Year Franchised | 2000 | 2009 |
Term Of Agreement | - | - |
Term Of Agreement | - | - |
Renewal Fee | $3K for 2 years | - |
Business Experience Requirements |
||
Experience | - | |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | - |
Support | Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | - |
Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
Number of employees needed to run franchised unit: 5 100% of current franchisees are owner/operators | - |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | Yes |
International Expansion | Yes | - |
As tea is the second most popular beverage in the world behind water, Distinctly Tea has available over 350 varieties to satisfy the full range of tastes that have developed. Commencing business in 2003 in Stratford Ontario, Peter Barker has developed a successful retail format and a thriving tea blending business that serves this growing segment of the beverage industry. Locations may also retail tea beverages by the cup if appropriate.