Orange Julius of America vs Tastea Franchise Comparison

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

Start-Up Costs and Fees
 
Orange Julius of America Franchise
Tastea Franchise
Investment $194,200 - $380,600$368,300 - $804,500
Franchise Fee $20,000 - $35,000$40,000
Royalty Fee 6%-
Advertising Fee --
Year Founded 19262013
Year Franchised 19482014
Term Of Agreement 15 years (co-terminus w/lease)-
Term Of Agreement 15 years (co-terminus w/lease)-
Renewal Fee $2.5K-


Business Experience Requirements
 
Orange Julius of America Franchise
Tastea Franchise
Experience
  • General business experience
    		• -

    Financing Options
     
    Orange Julius of America Franchise
    Tastea Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Orange Julius of America Franchise
    Tastea Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising, Ad slicks-
    Operations

    Number of employees needed to run franchised unit: 10 - 20

    Absentee ownership of franchise is allowed.

    		-

    Expansion Plans
     
    Orange Julius of America Franchise
    Tastea Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Orange Julius of America

    When Julius Freed opened his first orange juice stand in 1926, he was doing well, but his real estate broker, Bill Hamlin, felt he could do better. Using his chemistry background, Hamlin devised a formula to give the juice a smooth, creamy and airy texture. Once the new drink was unveiled, sales at the stand grew from $20 to $100 a day. As more and more customers began to say, 'Give me an orange, Julius,' the new product got its name.

    Hamlin quit his job in real estate and focused on opening Orange Julius stores across the United States. Within three years he had opened 100 stores and the profits for the system, whose only product was a 10-cent drink, approached $3 million. Other drink flavors were added to a menu that now includes nachos, hamburgers and hot dogs.

    Orange Julius' parent company, International Dairy Queen, also owns Dairy Queen and Karmelkorn. The three concepts are franchised together at Treat Center stores.

    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.