In 2009, Mai Shi and Wang Fuqing, two Chinese friends, established the chain. Both of them shared a love of tea and desired to establish a company that would popularize Chinese tea culture abroad. They began by opening their first store in Flushing, New York, and immediately began to develop additional stores across the nation and subsequently abroad.
What gives it the name Kung Fu Tea? The Chinese martial art of Kung Fu, which is renowned for its attention, discipline, and commitment to mastery, served as the inspiration for the name. The creators stressed the significance of accuracy, expertise, and experience in brewing the ideal cup of tea in order to apply these same ideas to tea-making.
Many people want to open their own tea business, but they might not know where to start. Finding a tea shop brand that fits with your values and goals should be the first step in the process. For instance, Kung Fu Tea is renowned for its dedication to premium ingredients, cutting-edge brewing methods, as well as its inviting and inclusive atmosphere.
It’s critical to develop a strong business plan after selecting a brand, which should include financial predictions, a market study, and a marketing strategy. Additionally, you’ll need to identify a suitable site for your store and get funding.
However, how lucrative is a tea shop? Industry statistics show that the typical tea store has a yearly revenue of between $300,000 and $500,000 and a profit margin of between 10% and 20%. However, these figures can change based on things like geography, competition, and marketing initiatives.
The procedure is reasonably simple for people who are interested in starting a Kung Fu Tea business. The business offers thorough training and assistance to its franchisees, as well as help with site selection, store design, and marketing. To find out more about the steps and requirements for becoming a franchisee, interested people can go to the business’ website.
In conclusion, Mai Shi and Wang Fuqing founded Kung Fu Tea after being moved by the tenets of the Chinese martial art Kung Fu. Thanks to the chain’s dedication to premium ingredients and cutting-edge brewing methods, tea aficionados now frequent it frequently. Researching several brands, developing a strong business plan, and obtaining money are crucial for anyone interested in beginning their own tea franchise. With its extensive training and assistance for franchisees, Kung Fu Tea presents a viable choice for ambitious business owners.
In their shops, Kung Fu Tea does indeed accept Apple Pay as a form of payment.