Coffee Perks vs Tastea Franchise Comparison

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

Start-Up Costs and Fees
 
Coffee Perks Franchise
Tastea Franchise
Investment $116,100$368,300 - $804,500
Franchise Fee $18,000$40,000
Royalty Fee 6%-
Advertising Fee --
Year Founded 19932013
Year Franchised 20042014
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee $5K-


Business Experience Requirements
 
Coffee Perks Franchise
Tastea Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Coffee Perks Franchise
    Tastea Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/No-/-
    Start-up Costs No/No-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Coffee Perks Franchise
    Tastea Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives-
    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    Operations

    Number of employees needed to run franchised unit: 5 - 30

    Absentee ownership of franchise is allowed. (3% of current franchisees are owner/operators)

    		-

    Expansion Plans
     
    Coffee Perks Franchise
    Tastea Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Coffee Perks

    Coffee Perks is offering the ideal, business-to-business franchise opportunity in the U.S. serving the break room and food service markets. Coffee Perks has franchised their award-winning business model and is offering a limited number of opportunities nationwide. The wholesale specialty and bottled water market is an $18 billion + industry experiencing record sales and growth. Why work retail hours when you can tailor your own hours, Monday through Friday with no weekend’s necessary. Benefit from Coffee Perks’ years of industry experience, ongoing support, comprehensive training, distinctive branding and advertising, protected territories and recurring revenue. Did you know that an office coffee and refreshment service is the least expensive employee benefit an employer can provide, and one of the most appreciated by their employees? Did you realize that a cup of coffee is usually one the first and last items a consumer will enjoy at a restaurant? Coffee Perks provides a unique niche in the break room and food service markets by offering distinctive products, equipment and distribution to service these market segments. Brew Success with a Coffee Perks Franchise.

    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.