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Updated RecentlyCaffe Bene vs Tastea Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Caffe Bene vs Tastea including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $414,500 - $899,600 | $368,300 - $804,500 |
| Franchise Fee | $35,000 | $40,000 |
| Royalty Fee | 6.9% | - |
| Advertising Fee | 3% | - |
| Year Founded | 2008 | 2013 |
| Year Franchised | 2008 | 2014 |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | - | - |
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 | On-The-Job Training: 1 week Classroom Training: 1 week | - |
| Support | Purchasing Co-ops Meetings/Conventions | - |
| Marketing | National Media | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | Yes | - |
Company Overviews
About Caffe Bene
In 2012, Caffe Bene, a traditional European coffee house from South Korea, expanded to the Philippines. The Caffe Bene Franchise is now rapidly expanding in a very competitive market and gaining more and more loyal customers with their delectable food items which are served in a relaxed environment to help customers chill right in the middle of the busy metro.
Caffe Bene leads the consumer trend of coffee market in South Korea and is paving the way to better coffee from their exclusive selection of only 2% of the best coffee beans. And where better to invest than in a franchise that is becoming the new leader in the coffee market.Franchising Caffe Bene has 5 easy steps:
application, review, interview, approval and the grand opening.
About Tastea
!["Tastea]("https://fddexchange.com/wp-content/uploads/2020/03/tastea-300x157.png")
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.