Esquires Coffee House vs Tastea Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Esquires Coffee House vs Tastea including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$250,000 - $350,000 | $368,300 - $804,500 |
Franchise Fee |
$25,000 | $40,000 |
Royalty Fee |
6% | - |
Advertising Fee |
4% | - |
Year Founded |
- | 2013 |
Year Franchised |
- | 2014 |
Term Of Agreement |
5 years | - |
Term Of Agreement |
5 years | - |
Renewal Fee |
- | - |
Business Experience Requirements |
Experience |
- | - |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
-/- | -/- |
Start-up Costs |
-/- | -/- |
Equipment |
-/- | -/- |
Inventory |
-/- | -/- |
Receivables |
-/- | -/- |
Payroll |
-/- | -/- |
Training & Support |
Training |
- | - |
Support |
- | - |
Marketing |
- | - |
Operations |
- | - |
Expansion Plans |
US Expansion |
- | Yes |
Canada Expansion |
- | - |
International Expansion |
Yes | - |
Company Overviews
About Esquires Coffee House
Operating an Esquire Coffee House is a remarkable opportunity. The Esquires brand targets people looking for quality 100% Fair Trade coffee and a quality experience. Stores offer a relaxing environment where customers can read the latest international newspapers, have an informal meeting or watch the business news on plasma screen TV. Most outlets feature wi-fi 'hotspots' where people can log on to the internet from their own laptops and surf the web for free with any purchase. Depending on location, Esquires attracts business-people, shoppers, theatre-goers, tourists and other discerning customers.
Each outlet uses locally-roasted Fair Trade coffee beans and the latest in barista technology which ensures coffee is ground fresh for every cup, thereby maximising freshness and flavour. Esquires’ food menu offers a wider selection than other cafes as food is brought in rather than prepared on-site. This means no kitchens, lower costs and fewer staff. Margins are therefore high.
We are proudly local cafes, part of every community that we sit within.
Our teams walk the same streets you do, shop at the same shops, sit in
the same parks, admire the same views. But we draw on our global best
pour knowledge, to help us deliver the best cup of coffee in your
neighbourhood.
Our approach is that each cafe is a unique reflection of the community it
sits in. We love being a part of your community and creating the perfect
mix of our natural, fair and delicious coffee, with local passion and
care.
About Tastea
The Tastea dream is a reality. We continue to push the envelope with
new drinks and flavors -- constantly creating and searching for new ways
to make people smile. But at the same time, we still serve the classics
that so many of our customers love, from Thai Iced Tea to Green Milk to
Taro Milk Tea and more. The center of the Tastea experience
is our unique tea bar, where customers can hang out with friends and
make some new ones, all while enjoying the most refreshing treat around.
Under the Single Tastea Tea Bar Program, you will sign a Franchise
Agreement to operate a single Tastea Tea Bar. The franchisor estimates
your total initial investment to begin operations of a single Tastea Tea
Bar will range from approximately $368,300 to $654,500. Included in the
estimate is $74,500 to $80,500 that must be paid to the franchisor or
their affiliate which is comprised of the Initial Franchise Fee of
$40,000 and $34,500 to $40,500 in fees and expenditures.
Under the Area Development Program, the franchisor assigns a defined
area within which you must develop and operate a minimum of three
Tastea
Tea Bars within a specified period of time. If you sign an Area
Development Agreement, the franchisor estimates your total initial
investment will range from $428,300 to $804,500. Included in the
estimate is $134,500 to $230,500 that you must pay to the franchisor or
their affiliate which is comprised of the Development Fee of $100,000
(for 3 units) to $190,000 (for 6 units) and $34,500 to $40,500 in fees
and expenditures for your first
Tastea Tea Bar unit.