Coffee World vs Tastea Franchise Comparison

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

Start-Up Costs and Fees
 
Coffee World Franchise
Tastea Franchise
Investment $65,000 - $110,000$368,300 - $804,500
Franchise Fee $20,000$40,000
Royalty Fee 6%-
Advertising Fee 2%local +2%Nat'l-
Year Founded -2013
Year Franchised -2014
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Coffee World Franchise
Tastea Franchise
Experience --

Financing Options
 
Coffee World Franchise
Tastea Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Coffee World Franchise
Tastea Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Coffee World Franchise
Tastea Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About Coffee World

Launched in 1997, Coffee World is a premium specialty coffee house that offers a comprehensive range of hot, iced, and ice blended beverages. The brand is known for its premium quality products and its signature "Frappes" (ice blended coffees). Coffee World places a lot of emphasis on picking and roasting the finest Arabica beans to create rich brews prepared by its expert baristas. Instead of using pre-mixes, we favor the use of fresh ingredients to prepare our iced and ice blended coffees. Coffee World operates outlets ranging from small kiosks (25 sq/m) to large shops (160 sq/m). The look and feel of our outlets are designed with the customers comfort in mind and resemble luxurious and comfortable living rooms. We take great pride in our products which also include delectable cakes, sandwiches, and our famous waffles made fresh at the store every day.

About Tastea

"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.