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Updated RecentlyThe Spice and Tea Exchange Franchise
Spices and Tea
Come in and smell the spices! This invitation is our tagline, and is merely the beginning of the indulgence of all your senses, as you walk into one of The Spice & Tea Exchange stores. Our business model and retail concept combines the love of food and fine seasonings with the charm of an old-world setting. The Spice & Tea Exchange management team has over 80 years of combined experience in creative and retail applications, and is setting the standard for this unique and specialized industry.
Veteran Incentives 25% off franchise fee
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How much does it cost to open a The Spice and Tea Exchange Franchise?
The investment required to open a The Spice and Tea Exchange Franchise is between $183,650-$369,250. There is an initial franchise fee of $37,500 which grants you the license to run a business under the The Spice and Tea Exchange name.
Individual Unit Costs
- Initial Investment:
$183,650-$369,250 - Initial Franchise Fee:
$37,500 - Royalty Fee:
7% - Advertising Fee:
1%
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When did The Spice and Tea Exchange start Franchising? 2008
United States: Nationwide
| Expense | In-House | Third Party |
|---|---|---|
| Franchise Fee | Yes | Yes |
| Startup Costs | N/A | Yes |
| Equipment | N/A | Yes |
| Inventory | N/A | Yes |
| Accounts Receivable | N/A | N/A |
| Payroll | N/A | Yes |
Training
Our training team works right beside you, for 2 weeks, within your own store; to effectively show you how to implement our proven techniques and procedures. From product knowledge to retail displays and marketing, you will have an experienced professional with you from the initial delivery of your products through the Grand Opening of your store.
On-The-Job Training: 4-106 hours
Classroom Training: 28-49 hours
Support
Newsletter
Meetings/Conventions
Grand Opening
Online Support
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing
Ad Templates
Social media
SEO
Email marketing
Loyalty program/app
Absentee Ownership Allowed Number of Employees Required to Run: 3 - 5
Business Experience:
The Spice & Tea Exchange awards franchises to individuals willing to work within our proven system and commit to the highest standards in customer service, community relations, and business. Each area of interest and candidate is evaluated carefully and we invite anyone who shares our love of well-known and exotic spices, specialty loose leaf teas, and hand made blends to contact us for an opportunity to learn more...
Your income potential as a The Spice and Tea Exchange Franchise entrepreneur depends vastly on many factors. As an entrepreneur, the goals to achieve are related to expanding sales while lowering your operation costs and increasing the quality of your products and or services. Each month your operating costs can include royalty fees, mortgage / rent, supplies for products, staffing, utilities, bookwork, stationary and other items. From one month to the next, you may find your costs fluctuate, but your up-front costs are, for the most part, fixed and they will cover most of the initial setup of equipment, signage and renovations.
Listing Tags
Legal Disclaimer: This information is not a franchise offering for The Spice and Tea Exchange and should not be construed as such. The Franchise Mall makes every effort to maintain accurate franchise data but does not guarantee nor assume liability for incorrect data. We recommend that anyone seriously interested in pursuing a The Spice and Tea Exchange franchise opportunity, review that franchise's Franchise Disclosure Document (FDD) with an attorney and accountant.
The Spice and Tea Exchange
2708 Alt. 19 N., #500
Palm Harbor,,
FL
34683