Kung Fu Tea vs Tastea Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Kung Fu Tea vs Tastea including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Kung Fu Tea Franchise
Tastea Franchise
Investment $124,050 - $428,050$368,300 - $804,500
Franchise Fee $37,000$40,000
Royalty Fee --
Advertising Fee --
Year Founded 20132013
Year Franchised 20132014
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Kung Fu Tea Franchise
Tastea Franchise
Experience --

Financing Options
 
Kung Fu Tea Franchise
Tastea Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Kung Fu Tea Franchise
Tastea Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Kung Fu Tea Franchise
Tastea Franchise
US Expansion YesYes
Canada Expansion --
International Expansion Yes-

Company Overviews

About Kung Fu Tea

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Kung Fu, in its purest essence, is the desire for self-improvement and to expand one's capabilities beyond all limitations. Here at Kung Fu Tea, we share that same desire. We hold the firm belief that it is our mission to continuously improve and expand upon our already stellar brand. With over a decade of experience, we are the unchallenged experts in the bubble tea business. From the ingredients for our products to the customer service at our stores, we keep a strict and uncompromisingly high standard, setting the bar for our competitors. It is our dream to introduce the Kung Fu Tea brand to consumers all around the world, as well as creating a more refined bubble tea culture. For this reason, we are looking for business partners who might be interested in joining us. With your help, we hope to expand our market even further. We are thrilled to announce that we will be opening in Canada this year! And more countries to come.
We have business ventures in North America, Australia, and Canada.


About Tastea

"Tastea
The Tastea dream is a reality. We continue to push the envelope with new drinks and flavors -- constantly creating and searching for new ways to make people smile. But at the same time, we still serve the classics that so many of our customers love, from Thai Iced Tea to Green Milk to Taro Milk Tea and more. The center of the Tastea experience is our unique tea bar, where customers can hang out with friends and make some new ones, all while enjoying the most refreshing treat around.

Under the Single Tastea Tea Bar Program, you will sign a Franchise Agreement to operate a single Tastea Tea Bar. The franchisor estimates your total initial investment to begin operations of a single Tastea Tea Bar will range from approximately $368,300 to $654,500. Included in the estimate is $74,500 to $80,500 that must be paid to the franchisor or their affiliate which is comprised of the Initial Franchise Fee of $40,000 and $34,500 to $40,500 in fees and expenditures.
Under the Area Development Program, the franchisor assigns a defined area within which you must develop and operate a minimum of three Tastea Tea Bars within a specified period of time. If you sign an Area Development Agreement, the franchisor estimates your total initial investment will range from $428,300 to $804,500. Included in the estimate is $134,500 to $230,500 that you must pay to the franchisor or their affiliate which is comprised of the Development Fee of $100,000 (for 3 units) to $190,000 (for 6 units) and $34,500 to $40,500 in fees and expenditures for your first Tastea Tea Bar unit.