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Below is an in-depth analysis and side-by-side comparison of Cargo & James Tea vs O'Naturals including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $100,000 - $250,000 | $764,000 - $1,000,000 |
Franchise Fee | $25,000 | $25,000 |
Royalty Fee | 7% | 5% |
Advertising Fee | - | - |
Year Founded | 2001 | 1998 |
Year Franchised | 2006 | 2005 |
Term Of Agreement | - | 15 years |
Term Of Agreement | - | 15 years |
Renewal Fee | - | 50% of current franchise fee |
Business Experience Requirements |
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Experience | - | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | No/No |
Start-up Costs | No/No | No/No |
Equipment | No/No | No/No |
Inventory | No/No | No/No |
Receivables | No/No | No/No |
Payroll | No/No | No/No |
Training & Support |
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Training | - | * Available at headquarters: 6 weeks * At franchisee's location: Up to 5 days |
Support | - | - |
Marketing | - | - |
Operations | - | * Number of employees needed to run franchised unit: 10 - 25 * Absentee ownership of franchise is allowed. |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | No | - |
International Expansion | No | - |
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�.
NO LONGER FRANCHISING