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Updated RecentlyNew World Coffee vs Kung Fu Tea Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of New World Coffee vs Kung Fu Tea including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $150,000 - $350,000 | $124,050 - $428,050 |
| Franchise Fee | $20,000 | $37,000 |
| Royalty Fee | 5% | - |
| Advertising Fee | 2.5%-4% | - |
| Year Founded | 1987 | 2013 |
| Year Franchised | 1990 | 2013 |
| Term Of Agreement | 10 years +10 | - |
| Term Of Agreement | 10 years +10 | - |
| Renewal 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 | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | - |
| Support | Field Operation Evaluation Field Training Initial Store Opening Franchisee Newsletter Regional or National Meetings | - |
| Marketing | - | - |
| Operations | Average Number of Employees: 3 Full-time, 5 Part-time Passive Ownership: Allowed | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | Yes |
Company Overviews
About New World Coffee
Full service bagel bakery - Manhattan Bagel. Upscale coffee bar/espresso - New World Coffee.
About Kung Fu Tea
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Kung Fu, in its purest essence, is the desire for self-improvement and to expand one's capabilities beyond all limitations.
Here at Kung Fu Tea, we share that same desire. We hold the firm belief that it is our mission to continuously improve and expand upon our already stellar brand.
With over a decade of experience, we are the unchallenged experts in the bubble tea business. From the ingredients for our products to the customer service at our stores, we keep a strict and uncompromisingly high standard, setting the bar for our competitors.
It is our dream to introduce the Kung Fu Tea brand to consumers all around the world, as well as creating a more refined bubble tea culture. For this reason, we are looking for business partners who might be interested in joining us. With your help, we hope to expand our market even further. We are thrilled to announce that we will be opening in Canada this year! And more countries to come.
We have business ventures in North America, Australia, and Canada.