My Coffee vs Tea Lounge Franchise Comparison

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

Start-Up Costs and Fees

 
My Coffee Franchise
Tea Lounge Franchise
Investment $103,650 - $466,450$140,750 - $243,750
Franchise Fee N/A$25,000
Royalty Fee 5%5%
Advertising Fee -1%
Year Founded 20042000
Year Franchised 20072012
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
My Coffee Franchise
Tea Lounge Franchise
Experience --

Financing Options

 
My Coffee Franchise
Tea Lounge Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/Yes
Payroll -/--/Yes

Training & Support

 
My Coffee Franchise
Tea Lounge Franchise
Training You will attend our Initial Training Program to give you an overview of operations. During the week long program you will again access to our information for Accounting, Store Operations, Advertisements, Coffee, Tea, HR procedures, and more.-
Support We will work closely with you from the beginning of your project with Site Selection, Lease Negotiation Assistance, and Construction Assistance. We will even be there for your opening.-
Marketing --
Operations --

Expansion Plans

 
My Coffee Franchise
Tea Lounge Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About My Coffee

With My Coffee, you have an opportunity to be a part of three of the fastest growing industry today! You will not only be your own boss, but will have a helping hand starting with initial training to on going support. You will be able to benefit from our unique brand that offers organic coffees, organic teas, blended coffee drinks, blended ice cream drinks, real fruit smoothies, toasted-to-go sandwiches and much more.

About Tea Lounge