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Updated RecentlyGloria Jean's Gourmet Coffees vs Xing Fu Tang Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Gloria Jean's Gourmet Coffees vs Xing Fu Tang including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $299,000 - $494,000 | $289,000 - $943,500 |
| Franchise Fee | $15,000 - $25,000 | N/A |
| Royalty Fee | 6% | - |
| Advertising Fee | 2% | - |
| Year Founded | 1979 | 2019 |
| Year Franchised | 1986 | 2020 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | 1/2 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/Yes | -/- |
| Start-up Costs | No/Yes | -/- |
| Equipment | No/Yes | -/- |
| Inventory | No/Yes | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | On-The-Job Training: 80 hours Classroom Training: 80 hours | - |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Franchisee Intranet Platform | - |
| Marketing | Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | - |
| Operations |
50% of all franchisees own more than one unit Number of employees needed to run franchised unit: 6 - 12 Absentee Ownership Allowed | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | Yes |
Company Overviews
About Gloria Jean's Gourmet Coffees
We appreciate your interest in learning about how to become a Gloria Jean's Coffees Franchise Partner. The specialty coffee business is becoming increasingly competitive. The industry is shifting to chains because of their advantages in purchasing power, focused advertising, innovative product introductions, management control systems, and specialized training.
With 57 locations in the USA and more than 800 Internationally, 23 years of experience in franchising, at Gloria Jean's you're teaming up with one of the largest, most experienced franchise coffee companies around. We believe we have the organization, experience and support that leads to success. Our system is proven, established, and has passed the test of time.
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About Xing Fu Tang
!["Xing]("https://fddexchange.com/wp-content/uploads/2020/11/Xing-Fu-Tang.png")
The franchise that we offer is for a Xing Fu Tang business, a retail
shop offering premium, Taiwanese-style boba or bubble tea beverages,
featuring unique, stir fried, brown sugar tapioca pearls prepared
according to a proprietary recipe, using high quality ingredients, and
made fresh in front of the customer, and other menu items.
The initial investment necessary to begin operation of a Shop under a
franchise agreement ranges from $289,000 to $673,500. This includes
$135,000 to $160,000 that you must pay to the franchisor or its
affiliates.
The initial investment necessary to begin operation of a
Shop under a multi-unit development agreement depends on the number of
Shops that you are authorized to develop and ranges from $404,000,000 to
$943,500. This includes a development fees of $115,000 to 270,000
depending on the number of Shops that you are authorized to establish
under the multi-unit development agreement.