Cargo & James Tea

About Cargo & James Tea

Cargo & James Tea has pioneered the specialty tea cafe business concept and knows the time is right to capitalize on increased tea consumption across Canada and the U.S., in a café setting. Cargo & James is truly revolutionizing the way we drink tea. With a trendy atmosphere and inviting feel to the café, stepping into a Cargo & James breaks the stereotype that tea is old. The tea industry is expected to exceed $10 Billion in sales by 2010 according to the Sage Report, “Tea is Hot”.

Coffee & Beverages Franchise Opportunities

Below is a quick comparison of Cargo & James Tea against other Coffee & Beverages franchises and business opportunities. For an in depth comparison of Cargo & James Tea with another opportunity including start-up costs and fees, business experience requirements, training & support and financing options click on the name of the company to view the detailed comparison.

Franchise Franchise Fee Royalty Advertising Fee Development Costs
All The Perks Coffee N/A $175/month $50,000-$250,000
AraVita $19,900 4.5% 2% $113,400-$181,200
Aroma Espresso Bar N/A $527,500-$1,495,000
Aroma Joe's Coffee $15,000 8% 4.5% $255,000-$664,000
Bad Ass Coffee Company $35,000 6% 2% $227,000-$326,000
BannaStrow's $30,000 6% 1% $114,600-$186,500
Barnie's Coffee & Tea Company $20,000 7% $202,000-$350,000
bb's Coffee and Muffins $26,000 7% $145,000-$280,000
Beans & Brews N/A $250,000-And Up
BEE & TEA $40,000 6% 2% $150,000-And Up
Big Apple Bagels $25,000 5% 3% $284,500-$394,000
Biggby Coffee $20,000 6% 3% $186,850-$369,100
Blenz $25,000 8% 2% $260,000-$330,000
Boba Loca N/A 4% or $495 /month whichever is higher 1% or $175/month whichever is higher $88,445-$325,955
Boston Coffeehouse $25,000 6% $174,750-$300,000
Brew Thru $35,000 4% $269,450-$563,667
Brewsters $25,000 $210,700-$341,800
BSkinny Coffee N/A $1-$25,000
Buda Juice $30,000 10% $54,500-$96,500
Cabin Coffee Company $30,000-$40,000 2.5% 2.5% $175,000-$575,000
Cafe 2U $25,000 $175/wk $109,146-$154,621
Cafe Ala Carte $25,000 8-5% $56,200-$123,300
Cafe Barbera $35,000 6% $500/mo. or 1% Local +$350 Nat'l $187,000-$305,000
Cafe Depot $30,000-$40,000 $175,000-$500,000
Cafe Supreme $35,000 $300,000-$375,000
Caffe Bene $35,000 6.9% 3% $414,500-$899,600
Caffino $10,000 8% $212,900-$373,000
Capri Coffee Break $30,000 $110,000-$220,000
Caribou Coffee Company N/A $1,000,000-$4,000,000
Chock full o' Nuts $3,000-$20,000 5% $272,500-$425,900
Clean Juice $40,000 6% to 3% $246,500-$498,500
Cocoa Grinder $20,000 6% $178,730-$265,100
Coffee Bean & Tea Leaf N/A $3,000,000-$5,000,000
Coffee Beanery, The $15,000 4% 2% $185,000-$466,500
Coffee Club, The N/A 6% 3% $450,000-And Up
Coffee Culture N/A $200,000-$500,000
Coffee Express $30,000 $125,000-$250,000
Coffee Guy, The N/A $35,000-And Up
Coffee Office, The N/A $100,000-$500,000
Coffee Perks $18,000 6% $116,100
Coffee Republic $35,500 $400,000
Coffee World $20,000 6% 2%local +2%Nat'l $65,000-$110,000
Country Style N/A $230,000-$360,000
Country Style $35,000 $230,000-$360,000
Cowgirls Espresso $25,000 7% $75,000-$264,167
Dazbog Coffee $25,000 6% $262,800
Distinctly Tea $20,000 $160,000-$230,000
DRNK coffee + tea and Qwench juice bar $40,000 6% 3% $253,150-$693,100
Dunkin' $40,000-$90,000 5.9% 2% to 6% $228,620-$1,717,103
Dunn Bros Coffee $37,500 5% 3% $406,300-$608,500
Ellianos Coffee Company $20,000 5% $167,300-$292,500
Espresso To Go N/A $130,000-$500,000
Esquires Coffee House $25,000 6% 4% $250,000-$350,000
Euro Cafe $15,000 4.5% 1% $248,400-$445,500
Factory Donuts $20,000 5% 2.5% $203,300-$286,800
Forbidden Flavours $25,000-$30,000 6% $150,000-$250,000
Gloria Jean's Gourmet Coffees $15,000-$25,000 6% 2% $173,150-$473,000
Good Earth Coffeehouse and Bakery $35,000 7% 2% $425,000-$500,000
Gourmet Cup $25,000 8% $120,000-$200,000
Grabbagreen $30,000 6% 1% $282,688-$412,518
Hawaii's Java Kai $30,000 6% $168,990-$355,900
House of Donuts N/A $350,000-$400,000
Hudsons Coffee $60,000 8% 1.75% $300,000-$350,000
It's A Grind Coffee House $15,000-$25,000 6% 2% $173,150-$473,000
Jamaica Blue N/A $200,000-$265,000
Java Detour $25,000-$35,000 4-6% of gross sales 1-3% of total gross sales. $276,000-$400,000
Java Joe's $25,000 $200,000-$350,000
Java Kai $30,000 $168,998-$355,898
Jazen Tea $12,000 $1,200-$1,600/mo. $300/mo. $118,000-$197,500
Jo to Go $25,000 7% $82,500-$786,000
Juice Cabana N/A $578,000-$919,000
Juice Heaven $20,000 5% 2% + 2% locally $88,500-$187,500
Lasaters Coffee & Tea $35,000 0 1% $257,000-$310,000
Logic in a Cup Espresso $19,900 6% 2% $65,050-$364,700
Maui Wowi Hawaiian Coffees & Smoothies $42,500-$65,000 0 $76,400-$569,000
Mister Donut $34,500-$41,400 5% 3% $480,000-$620,000
Mocha Delites $22,500 5% $53,500-$232,500
Moka House Coffee $25,000 $250,000-$350,000
Mountain Mudd Espresso $10,000 4% up to 2% $162,000-$298,000
My Coffee N/A 5% $103,650-$466,450
New World Coffee $20,000 5% 2.5%-4% $150,000-$350,000
New York Bagel Cafe and Deli $29,500 $750 - $950/ Mo. $250 - $500/ Mo. $142,000-$224,000
Newberrys Gourmet Coffee N/A $6,000-$20,000
Orange Julius of America $20,000-$35,000 6% $194,200-$380,600
P.J.'s Coffee $10,000-$30,000 3%-6% up to2% $168,900-$566,000
Playday Cafe $39,500 6% 1% $346,000-$490,000
Port City Java $12,500-$20,000 5% $207,495-$392,500
Presse Cafe $35,000 $200,000-$400,000
Rituals Coffee House $5,000-$25,000 5% $100,000-And Up
Robins Donuts $25,000 $325,000
Rockn' Joe Coffeehouse & Bistro $30,000 6% $218,000-$414,000
Scooter's Coffeehouse $20,000-$40,000 6% 2% $331,000-$648,000
Seattle's Best Coffee $30,000 5%-7% 1% $267,200-$444,000
Second Cup $25,000 7.5% 2% $300,000-$500,000
Seekers Coffee House & Cafe $20,000-$25,000 5% $189,000-$369,000
Sertinos Coffee Shops $35,000 5% 1% $177,200-$484,950
Shefield Express $25,000 5-8% $150,000-$200,000
Solar Roast Coffee $39,000 7% Up to 2% $260,350-$344,000
Sonoma Coffee Cafe $25,000 4% $96,500-$248,000
Tapioca Express $15,000 $0.055/cup $99,000-$295,900
Tim Hortons $35,000 4.5% to 6% of Gross Sales 4% of Gross Sales $48,450-$1,690,300
Twist Vapor Cafe $19,900 6% 2% $184,000-$213,900
Van Houtte $27,500 5% $250,000-$300,000
Wall Street Deli $30,000 5% $225,000-$475,000
Waves Coffee House $25,000 6% 3% $300,000-$350,000
Wheelys Cafe N/A 0 $3,000-And Up
Williams Fresh Cafe $35,000 $300,000-$350,000
Woody's Chicago Style N/A 6% $58,600-$394,000
Zizzo's Coffee $35,000-$321,800 6% 2% $109,000-$651,800
To see more fees, make screen wider / rotate
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
All The Perks Coffee
N/A $175/month $50,000-$250,000
AraVita
$19,900 4.5% 2% $113,400-$181,200
Aroma Espresso Bar
N/A $527,500-$1,495,000
Aroma Joe's Coffee
$15,000 8% 4.5% $255,000-$664,000
Bad Ass Coffee Company
$35,000 6% 2% $227,000-$326,000
BannaStrow's
$30,000 6% 1% $114,600-$186,500
Barnie's Coffee & Tea Company
$20,000 7% $202,000-$350,000
bb's Coffee and Muffins
$26,000 7% $145,000-$280,000
Beans & Brews
N/A $250,000-And Up
BEE & TEA
$40,000 6% 2% $150,000-And Up
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
Big Apple Bagels
$25,000 5% 3% $284,500-$394,000
Biggby Coffee
$20,000 6% 3% $186,850-$369,100
Blenz
$25,000 8% 2% $260,000-$330,000
Boba Loca
N/A 4% or $495 /month whichever is higher 1% or $175/month whichever is higher $88,445-$325,955
Boston Coffeehouse
$25,000 6% $174,750-$300,000
Brew Thru
$35,000 4% $269,450-$563,667
Brewsters
$25,000 $210,700-$341,800
BSkinny Coffee
N/A $1-$25,000
Buda Juice
$30,000 10% $54,500-$96,500
Cabin Coffee Company
$30,000-$40,000 2.5% 2.5% $175,000-$575,000
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
Cafe 2U
$25,000 $175/wk $109,146-$154,621
Cafe Ala Carte
$25,000 8-5% $56,200-$123,300
Cafe Barbera
$35,000 6% $500/mo. or 1% Local +$350 Nat'l $187,000-$305,000
Cafe Depot
$30,000-$40,000 $175,000-$500,000
Cafe Supreme
$35,000 $300,000-$375,000
Caffe Bene
$35,000 6.9% 3% $414,500-$899,600
Caffino
$10,000 8% $212,900-$373,000
Capri Coffee Break
$30,000 $110,000-$220,000
Caribou Coffee Company
N/A $1,000,000-$4,000,000
Chock full o' Nuts
$3,000-$20,000 5% $272,500-$425,900
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
Clean Juice
$40,000 6% to 3% $246,500-$498,500
Cocoa Grinder
$20,000 6% $178,730-$265,100
Coffee Bean & Tea Leaf
N/A $3,000,000-$5,000,000
Coffee Beanery, The
$15,000 4% 2% $185,000-$466,500
Coffee Club, The
N/A 6% 3% $450,000-And Up
Coffee Culture
N/A $200,000-$500,000
Coffee Express
$30,000 $125,000-$250,000
Coffee Guy, The
N/A $35,000-And Up
Coffee Office, The
N/A $100,000-$500,000
Coffee Perks
$18,000 6% $116,100
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
Coffee Republic
$35,500 $400,000
Coffee World
$20,000 6% 2%local +2%Nat'l $65,000-$110,000
Country Style
N/A $230,000-$360,000
Country Style
$35,000 $230,000-$360,000
Cowgirls Espresso
$25,000 7% $75,000-$264,167
Dazbog Coffee
$25,000 6% $262,800
Distinctly Tea
$20,000 $160,000-$230,000
DRNK coffee + tea and Qwench juice bar
$40,000 6% 3% $253,150-$693,100
Dunkin'
$40,000-$90,000 5.9% 2% to 6% $228,620-$1,717,103
Dunn Bros Coffee
$37,500 5% 3% $406,300-$608,500
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
Ellianos Coffee Company
$20,000 5% $167,300-$292,500
Espresso To Go
N/A $130,000-$500,000
Esquires Coffee House
$25,000 6% 4% $250,000-$350,000
Euro Cafe
$15,000 4.5% 1% $248,400-$445,500
Factory Donuts
$20,000 5% 2.5% $203,300-$286,800
Forbidden Flavours
$25,000-$30,000 6% $150,000-$250,000
Gloria Jean's Gourmet Coffees
$15,000-$25,000 6% 2% $173,150-$473,000
Good Earth Coffeehouse and Bakery
$35,000 7% 2% $425,000-$500,000
Gourmet Cup
$25,000 8% $120,000-$200,000
Grabbagreen
$30,000 6% 1% $282,688-$412,518
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
Hawaii's Java Kai
$30,000 6% $168,990-$355,900
House of Donuts
N/A $350,000-$400,000
Hudsons Coffee
$60,000 8% 1.75% $300,000-$350,000
It's A Grind Coffee House
$15,000-$25,000 6% 2% $173,150-$473,000
Jamaica Blue
N/A $200,000-$265,000
Java Detour
$25,000-$35,000 4-6% of gross sales 1-3% of total gross sales. $276,000-$400,000
Java Joe's
$25,000 $200,000-$350,000
Java Kai
$30,000 $168,998-$355,898
Jazen Tea
$12,000 $1,200-$1,600/mo. $300/mo. $118,000-$197,500
Jo to Go
$25,000 7% $82,500-$786,000
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
Juice Cabana
N/A $578,000-$919,000
Juice Heaven
$20,000 5% 2% + 2% locally $88,500-$187,500
Lasaters Coffee & Tea
$35,000 0 1% $257,000-$310,000
Logic in a Cup Espresso
$19,900 6% 2% $65,050-$364,700
Maui Wowi Hawaiian Coffees & Smoothies
$42,500-$65,000 0 $76,400-$569,000
Mister Donut
$34,500-$41,400 5% 3% $480,000-$620,000
Mocha Delites
$22,500 5% $53,500-$232,500
Moka House Coffee
$25,000 $250,000-$350,000
Mountain Mudd Espresso
$10,000 4% up to 2% $162,000-$298,000
My Coffee
N/A 5% $103,650-$466,450
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
New World Coffee
$20,000 5% 2.5%-4% $150,000-$350,000
New York Bagel Cafe and Deli
$29,500 $750 - $950/ Mo. $250 - $500/ Mo. $142,000-$224,000
Newberrys Gourmet Coffee
N/A $6,000-$20,000
Orange Julius of America
$20,000-$35,000 6% $194,200-$380,600
P.J.'s Coffee
$10,000-$30,000 3%-6% up to2% $168,900-$566,000
Playday Cafe
$39,500 6% 1% $346,000-$490,000
Port City Java
$12,500-$20,000 5% $207,495-$392,500
Presse Cafe
$35,000 $200,000-$400,000
Rituals Coffee House
$5,000-$25,000 5% $100,000-And Up
Robins Donuts
$25,000 $325,000
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
Rockn' Joe Coffeehouse & Bistro
$30,000 6% $218,000-$414,000
Scooter's Coffeehouse
$20,000-$40,000 6% 2% $331,000-$648,000
Seattle's Best Coffee
$30,000 5%-7% 1% $267,200-$444,000
Second Cup
$25,000 7.5% 2% $300,000-$500,000
Seekers Coffee House & Cafe
$20,000-$25,000 5% $189,000-$369,000
Sertinos Coffee Shops
$35,000 5% 1% $177,200-$484,950
Shefield Express
$25,000 5-8% $150,000-$200,000
Solar Roast Coffee
$39,000 7% Up to 2% $260,350-$344,000
Sonoma Coffee Cafe
$25,000 4% $96,500-$248,000
Tapioca Express
$15,000 $0.055/cup $99,000-$295,900
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
Tim Hortons
$35,000 4.5% to 6% of Gross Sales 4% of Gross Sales $48,450-$1,690,300
Twist Vapor Cafe
$19,900 6% 2% $184,000-$213,900
Van Houtte
$27,500 5% $250,000-$300,000
Wall Street Deli
$30,000 5% $225,000-$475,000
Waves Coffee House
$25,000 6% 3% $300,000-$350,000
Wheelys Cafe
N/A 0 $3,000-And Up
Williams Fresh Cafe
$35,000 $300,000-$350,000
Woody's Chicago Style
N/A 6% $58,600-$394,000
Zizzo's Coffee
$35,000-$321,800 6% 2% $109,000-$651,800

Specialty Food Franchise Opportunities

Below is a quick comparison of Cargo & James Tea against other Specialty Food franchises and business opportunities. For an in depth comparison of Cargo & James Tea with another opportunity including start-up costs and fees, business experience requirements, training & support and financing options click on the name of the company to view the detailed comparison.

Franchise Franchise Fee Royalty Advertising Fee Development Costs
3 Potato 4 N/A $86,000-$110,000
Alamo Drafthouse Cinemas $75,000 5% 0.8% $1,250,000-$2,000,000
Amsterdam Falafelshop $29,500 $365,000-$493,000
Au Bon Pain $30,000 5% 2% Marketing commitment $2,000,000-$3,000,000
Beef Jerky Outlet $44,900 6% 2% $215,750-$394,900
Cafe Fondue $35,000 4% $136,000-$307,000
Corn Dog Factory $20,000 $130,000
Crepe Delicious $25,000 6% 3% $149,000-$400,000
Different Twist N/A $45,000-$100,000
Doc Popcorn $37,500-$69,500 6% N/A $72,000-$186,325
Dream Dinners $35,000 6% $230,000-$340,000
Edible Arrangements $30,000 5% 5% $189,750-$348,950
Fire and Rice N/A $76,860-$131,850
FruitFlowers $35,000 5 % of gross sales up to 2% of gross sales $147,000-$218,950
Frutation N/A 5% 2% $119,450-$253,145
German Doner Kebab $19,290 $257,200-$385,801
Great Wraps $22,500 5.5% $212,600-$316,200
Halal Guys, The N/A $231,600-$834,000
I Heart Mac and Cheese $30,000 5% 1% $164,600-$270,000
Incredibly Edible Delites $30,000 4.5% $100,000-$150,000
Kernels Popcorn N/A $160,000
KnowFat! $35,000 5% 1.5- 2.5% $488,500-$647,000
Mandler's The Original Sausage Company $25,000 6% up to 3% of gross $200,000
Marvelous Market $25,000 $200,000-$399,000
Melt Gelato & Crepe Cafe $25,000 6% $200,000-$400,000
Melting Pot Restaurants $45,000 4.5% 1.5% $1,473,938-$1,650,428
Mr. Pretzels $20,000 6% 3.5% $50,000-$250,000
Muscle Maker Grill $35,000 5% 1% $141,000-$340,000
Nature's Way Cafe $20,000 4% $103,300-$201,500
New York Butcher Shoppe, The $25,000 6% $150,000-$250,000
New York Fries $30,000 $125,000-$175,000
O'Naturals $25,000 5% $764,000-$1,000,000
Oilerie USA $30,000-$37,500 $141,486-$223,947
Penn Station East Coast Subs $25,000 to8% 2-3% $290,984-$594,478
Philly Pretzel Factory $35,000 6% 2% $131,999-$368,226
Philly's Own Soft Pretzel Bakery $29,500 7% $100/ month $163,750-$243,500
Pita Land $25,000 $212,800-$388,000
Pita Pit $30,000 5% 1% $216,354-$435,102
Potatopia $35,000 6% 1.5% - 2% $182,725-$475,150
Pretzel Time $25,000 7% 1-3% $145,000-$254,000
Pretzelmaker $15,000-$25,000 7% 1.5% $205,200-$327,000
Pretzels Plus $10,000 4% $59,000-$125,000
Repicci's Italian Ice $20,000-$30,000 $3,600 per year $135,000-$160,000
Scandinavian Shave Ice $30,000 $131,400-$297,700
Shirley's Gourmet Popcorn $28,000 6% 1-2% $160,500-$442,500
Smoke's Poutinerie $30,000 6% 2% $350,000-$450,000
SnoWizard N/A $2,708-$9,492
Sofi's Crepes $30,000 6% 2% local +1%Nat'l $106,033-$254,500
Sushi Shop $30,000-$40,000 $175,000-$500,000
Taste of Philly $5,000 $142,200-$290,000
To see more fees, make screen wider / rotate
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
3 Potato 4
N/A $86,000-$110,000
Alamo Drafthouse Cinemas
$75,000 5% 0.8% $1,250,000-$2,000,000
Amsterdam Falafelshop
$29,500 $365,000-$493,000
Au Bon Pain
$30,000 5% 2% Marketing commitment $2,000,000-$3,000,000
Beef Jerky Outlet
$44,900 6% 2% $215,750-$394,900
Cafe Fondue
$35,000 4% $136,000-$307,000
Corn Dog Factory
$20,000 $130,000
Crepe Delicious
$25,000 6% 3% $149,000-$400,000
Different Twist
N/A $45,000-$100,000
Doc Popcorn
$37,500-$69,500 6% N/A $72,000-$186,325
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
Dream Dinners
$35,000 6% $230,000-$340,000
Edible Arrangements
$30,000 5% 5% $189,750-$348,950
Fire and Rice
N/A $76,860-$131,850
FruitFlowers
$35,000 5 % of gross sales up to 2% of gross sales $147,000-$218,950
Frutation
N/A 5% 2% $119,450-$253,145
German Doner Kebab
$19,290 $257,200-$385,801
Great Wraps
$22,500 5.5% $212,600-$316,200
Halal Guys, The
N/A $231,600-$834,000
I Heart Mac and Cheese
$30,000 5% 1% $164,600-$270,000
Incredibly Edible Delites
$30,000 4.5% $100,000-$150,000
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
Kernels Popcorn
N/A N/A
KnowFat!
$35,000 5% 1.5- 2.5% $488,500-$647,000
Mandler's The Original Sausage Company
$25,000 6% up to 3% of gross $200,000
Marvelous Market
$25,000 $200,000-$399,000
Melt Gelato & Crepe Cafe
$25,000 6% $200,000-$400,000
Melting Pot Restaurants
$45,000 4.5% 1.5% $1,473,938-$1,650,428
Mr. Pretzels
$20,000 6% 3.5% $50,000-$250,000
Muscle Maker Grill
$35,000 5% 1% $141,000-$340,000
Nature's Way Cafe
$20,000 4% $103,300-$201,500
New York Butcher Shoppe, The
$25,000 6% $150,000-$250,000
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
New York Fries
$30,000 $125,000-$175,000
O'Naturals
$25,000 5% $764,000-$1,000,000
Oilerie USA
$30,000-$37,500 $141,486-$223,947
Penn Station East Coast Subs
$25,000 to8% 2-3% $290,984-$594,478
Philly Pretzel Factory
$35,000 6% 2% $131,999-$368,226
Philly's Own Soft Pretzel Bakery
$29,500 7% $100/ month $163,750-$243,500
Pita Land
$25,000 $212,800-$388,000
Pita Pit
$30,000 5% 1% $216,354-$435,102
Potatopia
$35,000 6% 1.5% - 2% $182,725-$475,150
Pretzel Time
$25,000 7% 1-3% $145,000-$254,000
Franchise
Franchise Fee Royalty Advertising Fee Development Costs
Pretzelmaker
$15,000-$25,000 7% 1.5% $205,200-$327,000
Pretzels Plus
$10,000 4% $59,000-$125,000
Repicci's Italian Ice
$20,000-$30,000 $3,600 per year $135,000-$160,000
Scandinavian Shave Ice
$30,000 $131,400-$297,700
Shirley's Gourmet Popcorn
$28,000 6% 1-2% $160,500-$442,500
Smoke's Poutinerie
$30,000 6% 2% $350,000-$450,000
SnoWizard
N/A $2,708-$9,492
Sofi's Crepes
$30,000 6% 2% local +1%Nat'l $106,033-$254,500
Sushi Shop
$30,000-$40,000 $175,000-$500,000
Taste of Philly
$5,000 $142,200-$290,000