|
Below is an in-depth analysis and side-by-side comparison of Cargo & James Tea vs Pita Pit including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $100,000 - $250,000 | $321,934 - $497,382 |
Franchise Fee | $25,000 | $30,000 |
Royalty Fee | 7% | 5% |
Advertising Fee | - | 1% |
Year Founded | 2001 | 1995 |
Year Franchised | 2006 | 1997 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal Fee | - | $10000 |
Business Experience Requirements |
||
Experience | - | - |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/Yes |
Start-up Costs | No/No | No/Yes |
Equipment | No/No | No/Yes |
Inventory | No/No | No/Yes |
Receivables | No/No | No/Yes |
Payroll | No/No | No/Yes |
Training & Support |
||
Training | - | On-The-Job Training: 60 hours Classroom Training: 35 hours |
Support | - | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
Marketing | - | - |
Operations | - |
Absentee Ownership Allowed Number of Employees Required to Run: 15 - 20 |
Expansion Plans |
||
US Expansion | - | Yes |
Canada Expansion | No | No |
International Expansion | No | Yes |
Cargo & James Tea has pioneered the specialty tea cafe business concept and knows the time is right to capitalize on increased tea consumption across Canada and the U.S., in a caf� setting. Cargo & James is truly revolutionizing the way we drink tea. With a trendy atmosphere and inviting feel to the caf�, stepping into a Cargo & James breaks the stereotype that tea is old. The tea industry is expected to exceed $10 Billion in sales by 2010 according to the Sage Report, �Tea is Hot�.