Cocoa Grinder vs Xing Fu Tang Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Cocoa Grinder vs Xing Fu Tang including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Cocoa Grinder Franchise
Xing Fu Tang Franchise
Investment $178,730 - $265,100$289,000 - $943,500
Franchise Fee $20,000N/A
Royalty Fee 6%-
Advertising Fee --
Year Founded 20132019
Year Franchised 20172020
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Cocoa Grinder Franchise
Xing Fu Tang Franchise
Experience --

Financing Options
 
Cocoa Grinder Franchise
Xing Fu Tang Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Cocoa Grinder Franchise
Xing Fu Tang Franchise
Training On-The-Job Training: 2 weeks+ -
Support Meetings/Conventions Grand Opening Online Support Field Operations -
Marketing Regional Advertising -
Operations Absentee Ownership Allowed-

Expansion Plans
 
Cocoa Grinder Franchise
Xing Fu Tang Franchise
US Expansion YesYes
Canada Expansion --
International Expansion YesYes

Company Overviews

About Cocoa Grinder

Started by Abdul Elenani in his college years during 2013, Cocoa Grinder is more than a coffee shop. It’s an idea that for the hardworking individual of today, convenience is everything: why shouldn’t you have your specialty cup o’joe and healthy meal in the same place? Perfect for the person on the go, or the busy individual seeking to get some work done, Cocoa Grinder offers the perfect environment to enhance your daily grind or take a well-deserving break from it.

Types of Franchise

Type A
Model Type A is our most common store type. It is incorporated within an existing building. The average square footage is 1300 SF. This allows for a full kitchen which serves hot food and the various beverages. This store type is also equipped with a handicap accessible bathroom and storage area.
Type B
Model Type B is a stand alone building that averages 3500 square feet. The property also includes a parking lot for it’s customers. This store type is equipped with more bathrooms than the original to accommodate for a larger number of customers. It has the option of also including a drive-through for customers on-the-go.
Type C
Model Type C is ideal for placement within malls, airports, train stations, and places of the sort. It is a compressed version but still serves the same amazing food and beverages. The size of this store can be averaged at around 400 square feet.
Type D
Model Type D is very similar to model type C. The difference between the 2 is that model type D can be placed in the center of a mall rather than being an enclosed location. It still serves the same amazing food and beverages but also allows room for customers to sit on the perimeter of the booth. With this model type, customers can get the full 360 degree view and experience of Cocoa Grinder.
Veteran Incentives  Franchise fee waived, royalty fee reduced to 3% (only in NY, NJ, PA)

About Xing Fu Tang

"Xing

The franchise that we offer is for a Xing Fu Tang business, a retail shop offering premium, Taiwanese-style boba or bubble tea beverages, featuring unique, stir fried, brown sugar tapioca pearls prepared according to a proprietary recipe, using high quality ingredients, and made fresh in front of the customer, and other menu items.

The initial investment necessary to begin operation of a Shop under a franchise agreement ranges from $289,000 to $673,500. This includes $135,000 to $160,000 that you must pay to the franchisor or its affiliates.
The initial investment necessary to begin operation of a Shop under a multi-unit development agreement depends on the number of Shops that you are authorized to develop and ranges from $404,000,000 to $943,500. This includes a development fees of $115,000 to 270,000 depending on the number of Shops that you are authorized to establish under the multi-unit development agreement.