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Below is an in-depth analysis and side-by-side comparison of Distinctly Tea vs Boba Loca including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $160,000 - $230,000 | $88,445 - $325,955 |
Franchise Fee | $20,000 | N/A |
Royalty Fee | - | 4% or $495 /month whichever is higher |
Advertising Fee | - | 1% or $175/month whichever is higher |
Year Founded | 2003 | - |
Year Franchised | 2009 | - |
Term Of Agreement | - | 2 and 5 years |
Term Of Agreement | - | 2 and 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | *A strong desire to succeed by satisfying and delighting our customers. *The capability and capacity to create and manage an organization that effectively recruits, trains, retains and motivates people. *The psychographic traits which have been proven as a key to success for our proven franchisees. *The ability to manage finances. *Meet our market-specific financial and operational qualifications. *The strong desire to build incremental income through building and operating stores. |
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 | - | You will be required to successfully complete the Boba Loca appropriate training program prior to opening your store. You will be required to attend the company's business course approximately 40 hours over five (5) days. Training shall take place at a Boba Loca location designated by us and in your store location during the initial days of operation. |
Support | - | Our service includes store layout planning recommendation, cooking beverage training, grand opening promotions and limited time on-site support. We created a Confidential Business Operation Manual which contains our policies, specifications, procedures and instructions pertaining to the operation of Boba Loca system. |
Marketing | - | - |
Operations | - | - |
Expansion Plans |
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US Expansion | - | Yes |
Canada Expansion | Yes | - |
International Expansion | - | - |
As tea is the second most popular beverage in the world behind water, Distinctly Tea has available over 350 varieties to satisfy the full range of tastes that have developed. Commencing business in 2003 in Stratford Ontario, Peter Barker has developed a successful retail format and a thriving tea blending business that serves this growing segment of the beverage industry. Locations may also retail tea beverages by the cup if appropriate.