Waves Coffee House vs Tea Lounge Franchise Comparison

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

Start-Up Costs and Fees

 
Waves Coffee House Franchise
Tea Lounge Franchise
Investment $300,000 - $350,000$140,750 - $243,750
Franchise Fee $25,000$25,000
Royalty Fee 6%5%
Advertising Fee 3%1%
Year Founded 20042000
Year Franchised 20042012
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
Waves Coffee House Franchise
Tea Lounge Franchise
Experience --

Financing Options

 
Waves Coffee House 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

 
Waves Coffee House Franchise
Tea Lounge Franchise
Training The Waves training program takes approximately 5 weeks. 3 weeks in our Training Academy, and an extra 2 weeks in-store training in your newly opened location. Waves is committed to offering you excellent training in all areas of your operation so you may operate your location at projected high volume profits.-
Support --
Marketing --
Operations Once you become familiar with operating a profitable Waves Coffee House it is very possible to open a second or third location. It is quite common in the franchised coffee shop business to own a chain of successful locations.-

Expansion Plans

 
Waves Coffee House Franchise
Tea Lounge Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Waves Coffee House

So, you love coffee and have a dream of running your own business - but you don't know how to go about it? Becoming a Waves Coffee franchisee is one of Canada's smartest business opportunities - and probably your best business decision. You can fulfill your dream AND have the support of a reputable team with unrivaled experience and enthusiasm. Hottest Brand in Canada "Waves" is really changing the way to get into business. Why? Because we are passionate about two things: Our coffee and our people. We like to think Waves Coffee brings a different flavour to the immediate neighbourhood and that it stands out above others. Waves is in the business of meeting the needs of the community. We really care about our customers and the experience they have when they make a purchase from us. As a successful business you will need them to come back time and time again, and we can show you how to make sure they do. You will want to operate professionally, effectively and - most important - profitable, and with our help you can do that. We will assist in finding the best location for your new venture. We have the extensive operating experience and marketing knowhow to help get your business off the ground. We provide counsel and advice when you really need it, and give you access to a rapidly growing brand and trademark. Through our brand partners we can help you to benefit from our expanding purchasing power, and give you access to extensive training and support programs. Your success is very important to us and we will give you all the assistance we can to make sure it happens. Remember - we care about our people and our commitment to them is an important part of our - and ultimately your success.

About Tea Lounge