Start-Up Costs and Fees |
||
| Kung Fu Tea | Coffee Perks | |
| Investment | 124050 - 428050 | 116100 - 116100 |
| Franchise Fee | ||
| Royalty Fee | 6% | |
| Advertising Fee | ||
| Year Founded | 2013 | 1993 |
| Year Franchised | 2013 | 2004 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Kung Fu Tea | Coffee Perks | |
| Experience | Industry experience General business experience Marketing skills | |
Financing Options |
||
| Kung Fu Tea | Coffee Perks | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Kung Fu Tea | Coffee Perks | |
| Training | ||
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives | |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | |
| Operations | Number of employees needed to run franchised unit: 5 - 30 Absentee ownership of franchise is allowed. (3% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Kung Fu Tea | Coffee Perks | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion | Australia, Canada, Mexico |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Kung Fu Tea | |
| Coffee Perks | |
| Franchise Fee | |
| Kung Fu Tea | |
| Coffee Perks | |
| Royalty Fee | |
| Kung Fu Tea | |
| Coffee Perks | 6% |
| Advertising Fee | |
| Kung Fu Tea | |
| Coffee Perks | |
| Year Founded | |
| Kung Fu Tea | 2013 |
| Coffee Perks | 1993 |
| Year Franchised | |
| Kung Fu Tea | 2013 |
| Coffee Perks | 2004 |
| Term Of Agreement | |
| Kung Fu Tea | |
| Coffee Perks | 10 years |
| Renewal Fee | |
| Kung Fu Tea | |
| Coffee Perks | $5K |
Business Experience Requirements |
|
| Experience | |
| Kung Fu Tea | |
| Coffee Perks | Industry experience General business experience Marketing skills |
Financing Options |
|
| Franchise Fees | |
| Kung Fu Tea | |
| Coffee Perks | |
| Start-up Costs | |
| Kung Fu Tea | |
| Coffee Perks | |
| Equipment | |
| Kung Fu Tea} | |
| Coffee Perks | |
| Inventory | |
| Kung Fu Tea | |
| Coffee Perks | |
| Receivables | |
| Kung Fu Tea | |
| Coffee Perks | |
| Payroll | |
| Kung Fu Tea | |
| Coffee Perks | |
Training & Support |
|
| Training | |
| Kung Fu Tea | |
| Coffee Perks | |
| Support | |
| Kung Fu Tea | |
| Coffee Perks | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Marketing | |
| Kung Fu Tea | |
| Coffee Perks | Co-op advertising, Ad slicks, National media, Regional advertising |
| Operations | |
| Kung Fu Tea | |
| Coffee Perks | Number of employees needed to run franchised unit: 5 - 30 Absentee ownership of franchise is allowed. (3% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Kung Fu Tea | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Coffee Perks | |
| Canada Expansion | |
| Kung Fu Tea | |
| Coffee Perks | 0 |
| International Expansion | |
| Kung Fu Tea | Australia, Canada, Mexico |
| Coffee Perks | |