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Updated RecentlyBarnie's Coffee & Tea Company vs Boba Loca Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Barnie's Coffee & Tea Company vs Boba Loca including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $202,000 - $350,000 | $88,445 - $325,955 |
| Franchise Fee | $20,000 | N/A |
| Royalty Fee | 7% | 4% or $495 /month whichever is higher |
| Advertising Fee | - | 1% or $175/month whichever is higher |
| Year Founded | 1980 | - |
| Year Franchised | 1981 | - |
| Term Of Agreement | 10 years | 2 and 5 years |
| Term Of Agreement | 10 years | 2 and 5 years |
| Renewal Fee | 50% of current franchise fee | - |
Business Experience Requirements |
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| Experience | - | *A strong desire to succeed by satisfying and delighting our customers. *The capability and capacity to create and manage an organization that effectively recruits, trains, retains and motivates people. *The psychographic traits which have been proven as a key to success for our proven franchisees. *The ability to manage finances. *Meet our market-specific financial and operational qualifications. *The strong desire to build incremental income through building and operating stores. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | - | You will be required to successfully complete the Boba Loca appropriate training program prior to opening your store. You will be required to attend the company's business course approximately 40 hours over five (5) days. Training shall take place at a Boba Loca location designated by us and in your store location during the initial days of operation. |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations | Our service includes store layout planning recommendation, cooking beverage training, grand opening promotions and limited time on-site support. We created a Confidential Business Operation Manual which contains our policies, specifications, procedures and instructions pertaining to the operation of Boba Loca system. |
| 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 |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Barnie's Coffee & Tea Company
NO LONGER FRANCHISING
Barnie's Coffee and Tea Company retail locations offer available to be purchased espresso, tea and related retail items including desserts. Barnie's Coffee and Tea Company additionally make Barnie's items accessible through mail request and online business furthermore permit real espresso merchants and may permit other such sellers the privilege to offer certain Barnie's marked items to non-retailers (for instance, workplaces and eateries). They likewise offer Barnie's image items to different retailers. Barnie's Coffee and Tea Company have one associate, Barnie's Coffee.com, Inc.
Establishment Offer: The single establishment offers the chance to claim and work a retail location under the name "Barnie's Coffee and Tea Company". The Franchisee will offer people in general gourmet espresso, tea, baked goods and related items and frill. The underlying establishment charge is payable in portions: the primary portion of $5,000 is expected and payable endless supply of the Franchise Agreement and the second portion of $15,000 is expected and payable quickly upon the execution of the rent or sublease for the Store.
Monetary Assistance: Barnie's Coffee and Tea Company does not give any money related help nor do they ensure any note, rent or commitment.
Preparing and Assistance: The franchisee and any full time chiefs must go to a required preparing program. This happens at Barnie's Coffee and Tea Company central station in Orlando, Florida. The franchisor will bear the cost of keeping up the preparation office in Orlando, Florida, including the overhead cost of preparing, staff pay rates, and preparing materials. The franchisee must pay all voyaging, living and other accidental costs brought about by the franchisee and their employee(s) with respect to participation at the preparation program.
About Boba Loca