Are you a tea enthusiast who wants to launch a business? Franchises that sell tea can be a wonderful choice for you. Gong Cha, a well-known tea franchise with outlets in more than 20 nations worldwide, started off in Taiwan. How much does it cost to launch a Gong Cha franchise, though? What you need to know is as follows:
The initial expenditure for a single franchise unit can run from $150,000 to $350,000, according to the Gong Cha USA website. This covers the franchise fee, the necessary tools, and additional costs like rent, inventory, and marketing. The $45,000 franchise fee includes training and continuing support in addition to the opportunity to utilize the Gong Cha brand name and trademark.
There are alternative possibilities if you want a tea business but don’t want to put as much money into it up front. Kung Fu Tea is one more well-known franchise that has its roots in Taiwan. Depending on the location and size of the store, the initial investment for a Kung Fu Tea franchise runs from $125,000 to $450,000. Locations of Kung Fu Tea
One of the biggest tea franchises in the country, Kung Fu Tea has over 200 stores in the US. It also has locations in various nations, including China, Canada, Australia, and others. There aren’t any precise statistics on the number of Kung Fu Tea locations around the world as of 2021, although the chain is still growing. Setting Up a Tea Time Franchise
There are a few procedures you must follow if you want to start a tea franchise. First, do some research on various franchises to find the one that is most suitable for you. Then, get in touch with the franchisor and let them know that you’re interested in starting a franchise. They’ll give you further details and lead you through the procedure.
After being granted franchisee status, you’ll need to find a place for your business and acquire all essential permits and licenses. Additionally, you’ll need to start marketing your new company and hire and train staff.
In conclusion, those who enjoy tea may find it pleasant and profitable to create a tea franchise. Although the initial expenditure may be substantial, there are alternatives at various price points. No matter which tea franchise you select—Gong Cha, Kung Fu Tea, or another—be sure to conduct your research and take the essential precautions to guarantee your success.