The Spice and Tea Exchange vs CoffeeIcon Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of The Spice and Tea Exchange vs CoffeeIcon including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
The Spice and Tea Exchange Franchise
CoffeeIcon Franchise
Investment $183,650 - $369,250$150,700 - $244,400
Franchise Fee $37,500$30,000
Royalty Fee 7%-
Advertising Fee 1%-
Year Founded 20072012
Year Franchised 20082017
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
The Spice and Tea Exchange Franchise
CoffeeIcon Franchise
Experience The Spice & Tea Exchange awards franchises to individuals willing to work within our proven system and commit to the highest standards in customer service, community relations, and business. Each area of interest and candidate is evaluated carefully and we invite anyone who shares our love of well-known and exotic spices, specialty loose leaf teas, and hand made blends to contact us for an opportunity to learn more... -

Financing Options

 
The Spice and Tea Exchange Franchise
CoffeeIcon Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees Yes/Yes-/-
Start-up Costs -/Yes-/-
Equipment -/Yes-/-
Inventory -/Yes-/-
Receivables -/--/-
Payroll -/Yes-/-

Training & Support

 
The Spice and Tea Exchange Franchise
CoffeeIcon Franchise
Training Our training team works right beside you, for 2 weeks, within your own store; to effectively show you how to implement our proven techniques and procedures. From product knowledge to retail displays and marketing, you will have an experienced professional with you from the initial delivery of your products through the Grand Opening of your store. On-The-Job Training: 4-106 hours Classroom Training: 28-49 hours -
Support Newsletter Meetings/Conventions Grand Opening Online Support Field Operations Site Selection Proprietary Software Franchisee Intranet Platform -
Marketing Ad Templates Social media SEO Email marketing Loyalty program/app -
Operations Absentee Ownership Allowed Number of Employees Required to Run: 3 - 5-

Expansion Plans

 
The Spice and Tea Exchange Franchise
CoffeeIcon Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

Company Overviews

About The Spice and Tea Exchange

Come in and smell the spices! This invitation is our tagline, and is merely the beginning of the indulgence of all your senses, as you walk into one of The Spice & Tea Exchange stores. Our business model and retail concept combines the love of food and fine seasonings with the charm of an old-world setting. The Spice & Tea Exchange management team has over 80 years of combined experience in creative and retail applications, and is setting the standard for this unique and specialized industry.

Veteran Incentives  25% off franchise fee

"Entrepreneur
#442 in Franchise 500 for 2020.
#312 in Franchise 500 for 2021.

About CoffeeIcon

CoffeeIcon began in 2012 as a small business selling K-Cups and coffee beans with several locations in the State of Texas. In the last year, the brand was purchased by a successful business leader who had experience developing brands and operating systems needed to take businesses to market for scale.   With the transition in ownership came a new corporate location in Green Bay, Wisconsin and an entirely new focus on how to move the business forward for growth. CoffeeIcon has an online store where products can be purchased, as well as two large superstores located in Wisconsin and Texas, with more stores in the works in other locations. The new owners have also turned to franchising in order to take the brand to more markets and scale into new regions.  Just recently, the CoffeeIcon franchise was taken live and launched.     
Products that Mean Something to People
Research has shown that nearly 30% of homes in the United States own a K-Cup coffee machine or single cup brewing machine and more than 10 billion single serve or K-Cups were sold in the last year alone making this market very large and growing. Coffee has long been a staple in every home and it will continue to be so, and now that single serve cups are increasing in popularity, you can be confident that a CoffeeIcon franchise will be sure to be successful for years and years to come.  Customers love the CoffeeIcon superstores because they can get the full experience while they shop, have the widest selection of products on the market and an educated, professional staff to lead the way and support good purchasing decisions. The model is to offer customers fresh roasted coffee to taste while they shop, a tasting wall where they can taste the different offerings of single serve cups, and coffee beans roasted to order right before their eyes. Customers can choose from single serve cups and freshly roasted beans from all over the world and from any brand imaginable. We pride ourselves on offering over 300 varieties of coffee, and that’s not all. We also offer cocoas, teas, ciders, and condiments so we are sure to have something for everyone! Our stores are truly a unique experience and something that no one else is offering. 
Own Your Own Business
This might seem like an obvious reason because it is likely one of the reasons you are looking for a franchise opportunity, but owning your own business is truly a freeing feeling. Starting a franchise with CoffeeIcon is a streamlined process in which you will begin to reap the benefits right from the beginning. All you need is a little experience in management and a willingness to put in the work and effort, and you can be a business owner with CoffeeIcon! You will soon be making enough profit to live comfortably and stress-free. CoffeeIcon also helps with providing targeted marketing programs in order for you to continue to grow your business. 
Other Benefits
The benefits of opening a CoffeeIcon franchise are truly endless. You will be offered extensive training in the franchise and service model to help you feel confident in opening the business. You will also be given access to training manuals and programs, access to sales, marketing, and administrative materials, and technical support that will help you along every step of the way.
We offer:
  • Training Before Launch And Ongoing Training For You And Your Staff
  • Initial Training To Launch Your Business
  • Access To Training Manuals And Programs
  • World-Class Call Center Services
  • Access To Sales, Marketing, And Administrative Materials
  • Existing Customer And Supplier Relationships
  • Technical Support Second To None
If you are ready to start your CoffeeIcon franchise, check them out at https://coffeeiconfranchise.com and get started today!