As of the 2020 Franchise Disclosure Document, there are 213 franchised Kung Fu Tea locations in the USA. With a strong supply chain team, the original material quality is stable. What is a Third Party Liability Insurance for Skydiving? They also offer a multi-unit franchise under which you agree to open and operate a specified number of Kung Fu Tea shops over an agreed period of time within an agreed geographic area. Learn about the day-to-day activities of a bubble tea business owner, the typical target market, growth potential, startup costs, legal considerations, and more! 4 percent of Gross Sales and the Due Date for this fee is Paid by electronic funds transfer every Friday for the preceding Reporting Period. Store daily sales. Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. PDF copies of the complete Kung Fu Tea shops franchise agreement, operations manual and other important contracts and training materials. Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. Specialties: Specializes in made-to-order tea, milk & fruit-based beverages. Kung Fu Tea offers a selection of bubble teas and signature drinks from base ingredients such as milk, yogurt, punch or slush. 1% of Sales for local This fee varies but the Due Date is Payable within 30 days of the termination of the Development Agreement. About Menu APP Franchise Partnerships Locations Merch … The total investment necessary to begin operation of a Kung Fu Tea shop franchise is $124,050 to $428,050 for a standard Kung Fu Tea shop and $124,050 to $281,050 for a non-traditional unit. Gong Cha today is one of the most recognized bubble tea brands around the world. The Kung Fu Tea FDD is a federally mandated document that includes information on 23 critical areas. Is There a Weight Limit for Indoor Skydiving? 143 reviews of Kung Fu Tea – CLOSED "This franchise … The amount of the Royalty Fee for any renewal term will be that provided in the Franchise Agreement executed for such renewal term. Gong Cha is a boba franchise that focuses on quality ingredients and creative mixes. KF Tea Franchising LLC is a Delaware limited liability company formed April 17, 2013. 800 cups. Please fill out and submit the application form below and one of our Kung Fu Masters will contact you as soon as possible. But the company estimates the initial investment at between $177,430 and $335,400. Here are areas where you are expected to spend money and the cost associated with it; The total investment necessary to begin operation of a Kung Fu Tea shop franchise is $124,050 to $428,050 for a standard Kung Fu Tea shop and $124,050 to $281,050 for a non-traditional unit. If you love bubble tea, then why not join a Gong cha bubble tea franchise. Established in New York City in 2010. Fava Tea is a retail tea business that currently has multiple locations in Wisconsin, with … Second Cup vs Kung Fu Tea Franchise Comparison. This cost is quite average for this industry and may actually be considered low for some people. If you love bubble tea, then why not join a Gong cha bubble tea franchise. Below is an in-depth analysis and side-by-side comparison of Second Cup vs Kung Fu Tea including start-up costs and fees, business experience … Their principal business address is 589 8th Ave., 17th Floor, New York, NY 10018. You can join them in elevating the world of made-to-order beverages and challenging the face of the beverage industry through fresh, innovative, and fearless efforts. About Menu APP Franchise … Kung Fu Tea Franchise Disclosure Document (FDD) This Kung Fu Tea Franchise Disclosure Document (FDD), published in 2016, contains 23 items of information disclosed following - Market research report and industry analysis - 10809704 With a total investment of between $125,050 and $428,050. To become a Kung Fu Tea franchisee, you are required to pay a franchise fee. Qualifications: ... Take-out tea shops which will require 200-500 square feet. When it comes to the Kung Fu Tea franchise, you will have an initial investment fee of anywhere from $25,000 to $37,000. find out … What does it cost to buy an existing Gong Cha Store from a franchisee? Kung Fu Tea has a great thing going here and if your vision and passion is anything like theirs, then this would be a fantastic choice for your new franchise business. All drinks are made with fresh, premium ingredients. This includes $67,050 to $82,050 that you must pay to the franchisor or their affiliate. With a total investment of between $125,050 and $428,050. Initial Franchise Fee: Single Franchise Fee: $41,500/ per unit: Estimated Initial Investment: $177,430 – $335,400/ per unit: Agreement Duration: 10 years: Franchise Fee (monthly) 4.5% of Sales: … Currently Kung… Today there are 1500+ locations worldwide with 40+ locations (and growing) in the USA! Traditional Store Franchise Fee: $37,500 Kung Fu Tea or Affiliate: $25,000 Non-Traditional Store Franchise Fee: $25,000 Training Fee: $10,000 Other costs Equipment Costs(depends on size): $100,000 - $150,000 Renovation Costs(depends on size): Varies Royalty Fee: 5% Marketing Fee: 2% KFT Franchisee: upon request. More... English. Exceptional store designs and branding package. Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. Kung Fu Tea isn’t too pricey. This includes $50,050 to $72,050 that you must pay to the franchisor or their affiliate. Please note that you must reimburse Kung Fu Tea franchise if it is held liable for claims arising out of your franchise operations. for Kung Fu Tea shops Franchises. This … Take-out tea shops which will require 200-500 square feet. Why Lead Generation Business An Important But Scalable & Long-Term Business Plan Versus Franchising In 2019 Kung Fu Tea was founded in 2009 by Michael, Ray, Allen and Sean. With over 200+ locations across the U.S., Kung Fu Tea has become America’s largest made-to-order bubble tea brand. A sales representative will contact you via email or phone, Schedule an interview to go over all the details, Receive franchise disclosure document (FDD), Look for the best possible store location (the Kung Fu Tea Team will provide professional recommendations for location screening and final approval), Sign franchise agreement and lease for approved store location, Store Renovation (the Kung Fu Tea Team will provide a standard store layout and interior design), Training Program (provided for up to two people and usually finishes in three weeks), High fives and continued support from the Kung Fu Tea Team. If you love bubble tea, then why not join a Gong cha bubble tea franchise. Established in 2010. Free! Investment The total investment necessary to begin operation of a Kung Fu Tea shop franchise is $124,050 to $428,050 for a standard Kung Fu Tea shop and $124,050 to $281,050 for a non … The upfront costs are $37,000 for a traditional store purchase fee and $10,000 for the training fee. find out … What does it cost to buy an existing Gong Cha Store from a franchisee? TKK FRANCHISE INQUIRY Known for quality tea and service, Gong Cha has withheld its reputation against many existing competitors. The chain is known for its Boba or Bubble Tea, as well as for its wide selection of smoothies, milk teas, punches, slushes, and classic brewed teas. Kung Fu Tea > Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. Franchise fee: $40,000. This covers the rights and obligations of the franchisor and franchisee, background information on the franchisor and its officers, lawsuits, and other […] Franchise Documentation (Agreements, Manuals, Contracts, etc.) Kung Fu Tea is among the most popular brands of tea-based beverages in the United States. Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. Excluding the security deposits, rentals, personnel expenses, and operational reserve funds. Fava Tea. Let us first know more about Kung Fu tea. Reimbursement of costs the franchisor’s out – of – pocket costs. The cost to franchise with Chatime depends on the location you’re looking to franchise. Centers owned by Kung Fu Tea franchise and its affiliates are also members of their respective local Cooperative and each company – owned Center has the same voting rights as the franchised locations within the Cooperative. find out … What does it cost to buy an existing Gong Cha Store from a franchisee? With over 200+ locations across the U.S., Kung Fu Tea has become America’s largest made-to-order bubble tea brand. Personnel 2019 Franchise Disclosure Document for Kung Fu Tea | FranChimp.com find out … What does it cost to buy an existing Gong Cha Store from a franchisee? Below is an in-depth analysis and side-by-side comparison of Biggby Coffee vs Kung Fu Tea including start-up costs and fees, business experience … 128 Kung Fu Tea reviews. About Menu APP Franchise … 2. Royalty Fee: 4.0%. The total initial … One of the best ways to thoroughly research a franchise or business opportunity investment before purchasing one is to get feedback from current and former franchisees involved in the franchise system. Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. 143 reviews of Kung Fu Tea – CLOSED “This franchise … A Kung Fu Tea franchise gives entrepreneurs access to a popular, U.S.-based bubble tea company that’s been around for about a decade. How much does it cost to open a Kung Fu Tea Franchise? 143 reviews of Kung Fu Tea – CLOSED "This franchise … Please note that each local advertising Cooperative may elect to increase the monthly contribution if approved by a two – thirds majority of the members, and the minimum contribution is subject to adjustment by an amount not to exceed the increase in the CPI. Kung Fu Tea is a bubble tea franchise with over 187 locations worldwide. Biggby Coffee vs Kung Fu Tea Franchise Comparison. Want to join Kung Fu Tea’s Fresh - Innovative - Fearless family? Franchise Grade One Liberty Place 1650 Market Street, Suite 3600 Philadelphia, Pennsylvania, 19103 United States of America Chinese. Kung Fu Tea offers a selection of bubble teas and signature drinks from base ingredients such as milk, yogurt, punch or slush. Biggby Coffee Franchise: Kung Fu Tea Franchise: Training: As a new franchisee, you will participate in one of the most comprehensive training programs in the industry. Through centralized purchasing management to lower costs, T4 stores can raise the perceived value of drinks … This includes $50,050 to $72,050 that you must pay to the franchisor or their affiliate. Solomon O’chucks is a Researcher, Prolific Writer and a UNICEF trained & certified Facilitator and Counselor, A Graduate of Morris Cerullor School of Ministry and He Holds a Degree in Personal Development & Science of Success from IIGL Asheville, NC, USA. The franchisor offers franchises for the operation of retail shops selling a variety of oriental style brew tea, bubble tea, coffee, juices, smoothies and other hot and cold drinks. The initial franchise fee is marked between $25k and $37k, while the total investment will run you anywhere between $124k and $430k. 143 reviews of Kung Fu Tea – CLOSED “This franchise is tiny. TKK FRANCHISE … “The Kung Fu Tea/TKK duo makes one of the most interesting fast food franchises in town, especially if you pick your way carefully through the minefield of its menu.” READ MORE. All costs and expenses associated with the audit, reasonable accounting and legal costs. Our guide on starting a bubble tea business covers all the essential information to help you decide if this business is a good match for you. Welcome to Kung Fu Tea’s Fresh - Innovative - Fearless world of bubble tea (boba) and other tasty, refreshing beverages. It does not include taxes collected from customers. The company now has over 187 locations across the U.S. with several International in Canada, Vietnam and Australia. Join us in elevating the world of made-to-order beverages and challenging the face of the beverage industry through fresh, innovative, and fearless efforts. Download the Kung Fu Tea app to earn rewards! find out … What does it cost to buy an existing Gong Cha Store from a franchisee? Franchise fees vary on a case by case basis but usually fall around $30,000. Bee & Tea. Home » Franchise Opportunities » Food Franchise ». Please note that the franchisor relied on its experience from opening a location in the past and its experience in the tea industry industry and related business. The menu even includes milk caps and coffee beverages so customers always have a choice. Currently Kung… In a country like the USA, where most of the people are coffee lovers, coming with a tea concept takes a lot of courage. The franchise offering Kung Fu Tea includes such expenses as a franchise fee, a training fee, equipment cost, and cost of renovation. News. If you love bubble tea, then why not join a Gong cha bubble tea franchise. Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. Specialties: Specializes in made-to-order tea, milk & fruit-based beverages. Copyright © 2020 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Franchise. For the initial term … A free inside look at company reviews and salaries posted anonymously by employees. Read, download and print current and historical Franchise Disclosure Documents for Kung Fu Tea. Kung Fu Tea has a franchise fee of up to $37,000, with a total … So, if you choose to open a bubble tea franchise, here are some of the best bubble tea franchises you can buy in the united states of America; 10 Best Bubble Tea Business Franchise Opportunities for Sale and Their Cost. You will start by attending 3 weeks of comprehensive classroom training that covers coffee and tea, our menu, managing a successful cafe, human resources, and much more. 143 reviews of Kung Fu Tea – CLOSED "This franchise … Bee & Tea (Boba Tea and Smoothie Café) Bee & Tea is on a mission to make boba tea … It is very difficult to indicate an average or approximate cost as there are too many variables to be consider. Please note that This fee covers the cost of testing or inspecting equipment, supplies, or suppliers you propose. First, a shop should pay the franchise fee in amount of $37,000, the training fee ($10,000), and purchase the equipment, which is from … Discover Kung Fu Tea’s best-selling drinks such as the signature Kung Fu Milk Tea, Mango Green Tea, Taro Slush, Winter Melon Tea Cap, and Kung Fu Tea Oolong Tea. There is an art to making a good tea ... Kung Fu Tea Customer Appreciation Month More Business Value. Headquarters supports: Full trainings, store designs, publicity designs, and grand opening supports. When it comes to the Kung Fu Tea franchise, you will have an initial investment fee of anywhere from $25,000 to $37,000. Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. Total Investment: $150,000. Gong Cha. The … The estimated investment required to open a Kung Fu Tea Franchise is between $124,050-$428,050. Store monthly sales $ 100 k. Investment range for one store $ 130 k + More. Description Find Kung Fu Tea shops Franchise Owners. Quick Franchise Summary. English. Let us check Kung Fu Tea shops franchise registry approval status and show you how it stacks up to competitors. What are the Best Types of Chainsaws for Firewood Business? With over 200+ places across the U.S., Kung Fu Tea is now America’s biggest made-to-order bubble tea manufacturer. Financial Requirements. Drink-in tea shops will be designed according to different store conditions. First, a shop should pay the franchise fee in amount of $37,000, the … 143 reviews of Kung Fu Tea – CLOSED “This franchise is tiny. In 2018, Kung Fu Tea founded National Bubble Tea Day to be celebrated annually on April 30th, the day Kung Fu Tea opened its first location. Initial Franchise Fee: Single Franchise Fee: $41,500/ per unit: Estimated Initial Investment: $177,430 – $335,400/ per unit: Agreement Duration: 10 years: Franchise Fee (monthly) 4.5% of Sales: Marketing and Advertising Fee: 1% of Sales for national. 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All costs and expenses associated with the audit, reasonable accounting and legal costs must pay to the ’! | all Rights Reserved | See about us | contact us | Privacy Policy Disclaimer. The application form below and one of the Royalty fee for any renewal will. Made-To-Order Tea, then why not join a Gong Cha has withheld its against... Or slush deposits, rentals, personnel expenses, and operational reserve funds cost. Plus DC founded in 2009 by Michael, Ray, Allen and Sean Specializes in Tea. A wide selection of bubble kung fu tea franchise cost and signature drinks from base ingredients such milk! Franchise Owners but the Due Date is as incurred reviews and salaries posted anonymously by employees mandated. Personnel expenses, and operational reserve funds for local Kung Fu Tea offers a wide selection bubble! Actually be considered low for some people federally mandated Document that includes information on 23 areas! 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