Lasaters Coffee & Tea vs Kung Fu Tea Franchise Comparison

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

Start-Up Costs and Fees
 
Lasaters Coffee & Tea Franchise
Kung Fu Tea Franchise
Investment $257,000 - $310,000$124,050 - $428,050
Franchise Fee $35,000$37,000
Royalty Fee 0-
Advertising Fee 1%-
Year Founded 20042013
Year Franchised 20062013
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee 0-


Business Experience Requirements
 
Lasaters Coffee & Tea Franchise
Kung Fu Tea Franchise
Experience $60,000-$90,000 in liquid capital, management/business ownership history-

Financing Options
 
Lasaters Coffee & Tea Franchise
Kung Fu Tea Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Lasaters Coffee & Tea Franchise
Kung Fu Tea Franchise
Training Ongoing-
Support --
Marketing Local marketing to be approved -
Operations Owner operators preferred, absentee ownership allowed Currently 100% Owner operators-

Expansion Plans
 
Lasaters Coffee & Tea Franchise
Kung Fu Tea Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Lasaters Coffee & Tea

If you'd like to start your own business, but simply do not have the experience or know-how to operate a successful operation, Lasaters Corporation may be able to help you open your own Lasaters Coffee & Tea Franchise. We manufacture many of our own high-quality products which ensures incredible quality control. We custom-roast our own coffees. We develop relationships with single-origin coffee growers in different regions in various countries. Our Franchisees do not get coffee that's been sitting on the shelf for weeks or months (or even years, like some of our national competitors). Our Franchisees order coffee - we roast it within 24 hours!Lasaters Corporation negotiates on behalf of their Franchisees. Many coffeehouse operators who are just getting started in the coffee industry experience the difficulties that surround opening and running a coffeehouse. From the freight costs, to the product research, there is a multitude of roads that can be taken. How do you negotiate better pricing than what your local distributor or wholesaler offers? How do you find out which product is more cost effective? Which road do you take? This is another benefit of owning a Lasaters Coffee & Tea Franchise! Our Franchisees need not negotiate with other vendors to try to minimize their costs - that is already done for you! What does it take to start a Lasaters Coffee & Tea Franchise? First, you will need to submit some basic information to verify you're ready to start franchising. Next, if you are approved, we will contact you for a meeting. The process is fairly quick and you may be on your way to opening your new Lasaters Coffee & Tea store within a matter of weeks!

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.