Presotea vs Tastea Franchise Comparison

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

Start-Up Costs and Fees
 
Presotea Franchise
Tastea Franchise
Investment $235,000 - $365,000$368,300 - $804,500
Franchise Fee $14,000$40,000
Royalty Fee --
Advertising Fee --
Year Founded 20182013
Year Franchised 20192014
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Presotea Franchise
Tastea Franchise
Experience --

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

Training & Support
 
Presotea Franchise
Tastea Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Presotea Franchise
Tastea Franchise
US Expansion YesYes
Canada Expansion --
International Expansion Yes-

Company Overviews

About Presotea

"Presotea
We want to thank you for expressing an interest in becoming part of the Presotea America family. As a leading Bubble Tea business across the globe, we are now poised to take the US Market by storm.

The Presotea America family is searching for business minded entrepreneurs and visionaries like you to take our perfected Bubble Tea to the US. Currently, we are focusing on licensing our brand, technology and process to single site franchisees, and experienced and established area developers.

The franchise offered is a Master Franchise to develop, own, operate and subfranchise “made to order” fresh brewed tea shops called Presotea. The Master Franchise requires the opening of a minimum of 10 Presotea Shops in the protected Territory, within 6 years of the signing of the Master Franchise Agreement whether by developing directly or subfranchising.

The total investment necessary to begin operation of the Presotea master franchise ranges from $235,000 to $365,000, of which the initial down payment of the Master Franchise Fee to be paid to us is $14,000, as well as $20,000 for required initial training, $55,000 for required equipment, $18,000 for required branding, and $50,000 for required opening inventory of supplies and food, for the first owned or subfranchised Presotea Shop, which must be paid to the franchisor or their affiliate.




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.