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Updated RecentlySecond Cup vs Xing Fu Tang Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Second Cup 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 | $300,000 - $500,000 | $289,000 - $943,500 |
| Franchise Fee | $25,000 | N/A |
| Royalty Fee | 7.5% | - |
| Advertising Fee | 2% | - |
| Year Founded | 1975 | 2019 |
| Year Franchised | 1975 | 2020 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Personality - You like making people feel good. You’re patient, understanding, easy to talk to and outgoing. Experience - You have at least 5 years of business management, retail or hospitality experience and a sound understanding of financials. Leadership - You can hire, train, organize and inspire a barista team to give their best efforts every day. | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | Yes | - |
| International Expansion | Yes | Yes |
Company Overviews
About Second Cup
Second Cup Coffee Co.™ is Canada’s largest specialty coffee retailer. From our humble beginnings in 1975 as a kiosk in a shopping mall, selling only whole bean coffee, we have continued towards our goal of being the Canadian specialty coffee brand of choice. For us, that means putting coffee at the core of business, focusing on quality, innovation and creating an individual experience for our customers.
In addition to coffee-based beverages, Second Cup cafés carry a variety of complimentary products, including fresh locally baked goods and Better For You smoothies. Recently, we’ve introduced Pinkberry® frozen yogurt into cafés across the country and Second Cup has the exclusive rights to this category in Canada.
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#49 in Canada's Top franchises.
About Xing Fu Tang
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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.