Drink-in tea shops will be designed according to different store conditions. 2. Download the Kung Fu Tea app to earn rewards! If you love bubble tea, then why not join a Gong cha bubble tea franchise. find out … What does it cost to buy an existing Gong Cha Store from a franchisee? 143 reviews of Kung Fu Tea – CLOSED “This franchise … find out … What does it cost to buy an existing Gong Cha Store from a franchisee? Please fill out and submit the application form below and one of our Kung Fu Masters will contact you as soon as possible. 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. Welcome to the FranchiseResearch.net listing of Kung Fu Tea Franchise Disclosure Documents (FDD) available for sale. 143 reviews of Kung Fu Tea – CLOSED “This franchise … It does not include taxes collected from customers. But the company estimates the initial investment at between $177,430 and $335,400. TKK FRANCHISE INQUIRY Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. 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. Bee & Tea. Known for quality tea and service, Gong Cha has withheld its reputation against many existing competitors. Robert Sietsema, EATER NY Liquid … What is a Third Party Liability Insurance for Skydiving? Specialties: Specializes in made-to-order tea, milk & fruit-based beverages. Please note that you must reimburse Kung Fu Tea franchise if it is held liable for claims arising out of your franchise operations. 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. 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. 143 reviews of Kung Fu Tea – CLOSED "This franchise … Kung Fu tea is one of the successful tee shop brands in the USA. This covers the rights and obligations of the franchisor and franchisee, background information on the franchisor and its officers, lawsuits, and other […] 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), Grand Opening (the Kung Fu Tea Team will have a senior staff member present to assist you during the grand opening period for up to two weeks to ensure smooth store operation), High fives and continued support from the Kung Fu Tea Team, Traditional Store (500 to 1,500 square feet), Non-traditional Store (located in an airport, hotel or resort, military installation, school or university campus, train station, subway station, casino, theme park, sports stadium, enclosed shopping mall or similar location). Through centralized purchasing management to lower costs, T4 stores can raise the perceived value of drinks … Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. 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. 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. 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. 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 … Read, download and print current and historical Franchise Disclosure Documents for Kung Fu Tea. Locations. 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? 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. This fee will vary under the circumstances and the Due Date is As incurred. 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. Franchise. KF Tea Franchising LLC is a Delaware limited liability company formed April 17, 2013. Kung Fu Tea > find out … What does it cost to buy an existing Gong Cha Store from a franchisee? About Menu APP Franchise … 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. 143 reviews of Kung Fu Tea – CLOSED “This franchise is tiny. Welcome to Kung Fu Tea’s Fresh - Innovative - Fearless world of bubble tea (boba) and other tasty, refreshing beverages. If you love bubble tea, then why not join a Gong cha bubble tea franchise. More... English. 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 … TKK 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. The upfront costs are $37,000 for a traditional store purchase fee and $10,000 for the training fee. Currently, Kung Fu Tea has 187 locations in Vietnam, Australia, Canada, and across the U.S. The franchise offering Kung Fu Tea includes such expenses as a franchise fee, a training fee, equipment cost, and cost of renovation. Franchise Documentation (Agreements, Manuals, Contracts, etc.) Learn about the day-to-day activities of a bubble tea business owner, the typical target market, growth potential, startup costs… Take-out tea shops which will require 200-500 square feet. Second Cup vs Kung Fu Tea Franchise Comparison. 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. This will cost you around $37,000. With over 200+ places across the U.S., Kung Fu Tea is now America’s biggest made-to-order bubble tea manufacturer. 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. Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. Today there are 1500+ locations worldwide with 40+ locations (and growing) in the USA! Please note that “Gross Revenues” include all revenues generated from the provision of any and all services and/or the sale of any and all products and, whether by the franchisee or a third – party provider, that relate to or arise from the Franchised Business. find out … What does it cost to buy an existing Gong Cha Store from a franchisee? There is an initial franchise fee of $37,000 … 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. With over 200+ locations across the U.S., Kung Fu Tea has become America’s largest made-to-order bubble tea brand. Franchise fee: $40,000. 2019 Franchise Disclosure Document for Kung Fu Tea | FranChimp.com Gong Cha. 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. What are the Best Types of Chainsaws for Firewood Business? If you are looking towards opening a Kung Fu Tea Franchise, it will be nice for you to have a preview of what the company represents before going ahead to make enquiries about the total cost of opening the franchise in your location. for Kung Fu Tea shops Franchises. Excluding the security deposits, rentals, personnel expenses, and operational reserve funds. Kung Fu Tea isn’t too pricey. Offers a wide selection of drink toppings including bubbles, beans, jellies & pudding. Quick Franchise Summary. The Kung Fu Tea FDD is a federally mandated document that includes information on 23 critical areas. With a strong supply chain team, the original material quality is stable. If you love bubble tea, then why not join a Gong cha bubble tea franchise. 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 … Kung Fu Tea offers a selection of bubble teas and signature drinks from base ingredients such as milk, yogurt, punch or slush. Fava Tea is a retail tea business that currently has multiple locations in Wisconsin, with … find out … What does it cost to buy an existing Gong Cha Store from a franchisee? Currently Kung… Seeking master franchise candidates. This fee varies but the Due Date is Payable within 30 days of the termination of the Development Agreement. First, a shop should pay the franchise fee in amount of $37,000, the … PDF copies of the complete Kung Fu Tea shops franchise agreement, operations manual and other important contracts and training materials. find out … What does it cost to buy an existing Gong Cha Store from a franchisee? 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! Gong Cha USA - Bubble Tea - Franchise. Free! 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. The estimated investment required to open a Kung Fu Tea Franchise is between $124,050-$428,050. News. 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. Qualifications: ... Take-out tea shops which will require 200-500 square feet. The cost to franchise with Chatime depends on the location you’re looking to franchise. 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 … 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. find out … What does it cost to buy an existing Gong Cha Store from a franchisee? Store daily sales. Bee & Tea (Boba Tea and Smoothie Café) Bee & Tea is on a mission to make boba tea … The menu even includes milk caps and coffee beverages so customers always have a choice. Royalty Fee: 4.0%. Reimbursement of costs the franchisor’s out – of – pocket costs. Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. There is an art to making a good tea ... Kung Fu Tea Customer Appreciation Month More Business Value. With over 200+ locations across the U.S., Kung Fu Tea has become America’s largest made-to-order bubble tea brand. This cost is quite average for this industry and may actually be considered low for some people. 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. This includes $67,050 to $82,050 that you must pay to the franchisor or their affiliate. This includes $50,050 to $72,050 that you must pay to the franchisor or their affiliate. Total Investment: $150,000. Copyright © 2020 Profitable Venture Magazine LLC | All Rights Reserved | See About Us | Contact Us | Privacy Policy | Disclaimer. Established in 2010. 143 reviews of Kung Fu Tea – CLOSED "This franchise … Want to join Kung Fu Tea’s Fresh - Innovative - Fearless family? 128 Kung Fu Tea reviews. Franchise. 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. For faster service, please email us at info@kfteausa.com or call our service number at 1-855-KFT-9888. This … The company now has over 187 locations across the U.S. with several International in Canada, Vietnam and Australia. All drinks are made with fresh, premium ingredients. If the company – owned Centers comprise the majority of a given Cooperative, the maximum and minimum fees for that Cooperative will be consistent with the range stated in this Item 6. English. 143 reviews of Kung Fu Tea – CLOSED “This franchise is tiny. Specialties: Specializes in made-to-order tea, milk & fruit-based beverages. When it comes to the Kung Fu Tea franchise, you will have an initial investment fee of anywhere from $25,000 to $37,000. However, that’s not all as there are other fees such as the working capital ranging between … A free inside look at company reviews and salaries posted anonymously by employees. To become a Kung Fu Tea franchisee, you are required to pay a franchise fee. Exceptional store designs and branding package. 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. 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. Get in contact with our team today to discuss further. Franchise Grade One Liberty Place 1650 Market Street, Suite 3600 Philadelphia, Pennsylvania, 19103 United States of America 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. 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. 128 Kung Fu Tea reviews. At least 1 percent per calendar year and the Due Date: for this is Monthly. 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 fees vary on a case by case basis but usually fall around $30,000. Is There a Weight Limit for Indoor Skydiving? With a total investment of between $125,050 and $428,050. If you love bubble tea, then why not join a Gong cha bubble tea franchise. 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 … Payable to Kung Fu Tea franchise if it is forced to retain independent counsel and seek damages or injunctive relief to enforce the Franchise Agreement (whether or not suit is filed) or if Pods is required to defend your unsuccessful claim against it. 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. Why Lead Generation Business An Important But Scalable & Long-Term Business Plan Versus Franchising In 2019 This … Currently Kung… Please note that This fee covers the cost of testing or inspecting equipment, supplies, or suppliers you propose. The franchise offering Kung Fu Tea includes such expenses as a franchise fee, a training fee, equipment cost, and cost of renovation. 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. The total initial … About Menu APP Franchise Partnerships Locations Merch … 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 is a bubble tea franchise with over 187 locations worldwide. The … Financial Requirements. Offers a wide selection of drink toppings including bubbles, beans, jellies & pudding. Let us first know more about Kung Fu tea. This includes $50,050 to $72,050 that you must pay to the franchisor or their affiliate. 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: … Kung Fu Tea offers a selection of bubble teas and signature drinks from base ingredients such as milk, yogurt, punch or slush. For the initial term … Store monthly sales $ 100 k. Investment range for one store $ 130 k + More. 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: master – S$300,000 / Area – S$150,000 / Single unit – S$50,000 Initial Capital Investment: N/A Royalty: 1st year – 10% of monthly gross revenue / 2nd year – 12% of monthly gross revenue / 3rd year – 15% of monthly gross revenue 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. Learn more about international franchising opportunities with Kung Fu Tea. 800 cups. Description Find Kung Fu Tea shops Franchise Owners. Gong Cha is a boba franchise that focuses on quality ingredients and creative mixes. Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. A free inside look at company reviews and salaries posted anonymously by employees. Established in New York City in 2010. The initial franchise fee is marked between $25k and $37k, while the total investment will run you anywhere between $124k and $430k. 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 … Kung Fu Tea was founded in 2009 by Michael, Ray, Allen and Sean. The largest region is the South with 95 franchise locations. 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 Kung Fu Tea offers a selection of bubble teas and signature drinks from base ingredients such as milk, yogurt, punch or slush. Gong Cha today is one of the most recognized bubble tea brands around the world. As of the 2020 Franchise Disclosure Document, there are 213 franchised Kung Fu Tea locations in the USA. Kung Fu Tea. The initial cost of a franchise includes several fees -- Unlock this … Established in 2010. Let us check Kung Fu Tea shops franchise registry approval status and show you how it stacks up to competitors. Biggby Coffee vs Kung Fu Tea Franchise Comparison. It is very difficult to indicate an average or approximate cost as there are too many variables to be consider. Personnel All costs and expenses associated with the audit, reasonable accounting and legal costs. 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. 143 reviews of Kung Fu Tea – CLOSED "This franchise … Their principal business address is 589 8th Ave., 17th Floor, New York, NY 10018. 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. Chinese. Bee & Tea (Boba Tea and Smoothie Café) Bee & Tea is on a mission to make boba tea … Headquarters supports: Full trainings, store designs, publicity designs, and grand opening supports. If you love bubble tea, then why not join a Gong cha bubble tea franchise. In a country like the USA, where most of the people are coffee lovers, coming with a tea concept takes a lot of courage. If you love bubble tea, then why not join a Gong cha bubble tea franchise. Fava Tea. 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. Home » Franchise Opportunities » Food Franchise ». About Menu APP Franchise … Join us in elevating the world of made-to-order beverages and challenging the face … With a total investment of between $125,050 and $428,050. 1% of Sales for local With over 200+ locations across the U.S., Kung Fu Tea has become America’s largest made-to-order bubble tea brand. Established in New York City in 2010. If you love bubble tea, then why not join a Gong cha bubble tea franchise. Oliver Karp August 6, 2019 boba, bubble tea, boba milk tea, back to school, giveaway, free boba, free bubble tea, kung fu tea, kung fu tea app, kung fu tea merchandise, tapioca pearls CLOSED: Kung Fu Tea … The amount of the Royalty Fee for any renewal term will be that provided in the Franchise Agreement executed for such renewal term. “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. Based on 2020 FDD data, Kung Fu Tea has franchise locations in 33 states plus DC. 11 Best Cookie Franchise Opportunities and Their Cost, How Much It Cost to Open Tom and Chee Franchise, 16 Best BBQ Franchise Opportunities and Their Cost, 9 Best Salad Franchise Opportunities and Their Cost, 12 Best Bagel Franchise Opportunities and Their Cost, 8 Best Organic Food Franchise Opportunities and Their Cost, How Much It Cost to Open Mr Delivery Franchise, How Much It Cost to Open Pret-a-Manager Franchise, How Much It Cost to Open a SlapFish Franchise, How Much It Cost to Open ShareTea Franchise, Initial Investment Range – $124,050 to $428,050, Local Advertising Spend, Local Marketing Fund, or Cooperative Advertising Contribution, Liquidated Damages Under Area Development Agreement, 10 – STEP Guide to Business Opportunities with Kung Fu Tea. Milk, yogurt, punch or slush claims arising out of your franchise operations has., then why not join a Gong Cha Store from a franchisee –! 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South with 95 franchise locations in Wisconsin, with … Gong Cha bubble brands! Cost to buy an existing Gong Cha is a federally mandated Document that includes on. Rentals, personnel expenses, and operational reserve funds discuss further, designs. Franchising LLC is a bubble Tea, milk & fruit-based beverages reimbursement of costs the franchisor their. Available for sale a strong supply chain team, the original material quality is stable Allen... Supplies, or suppliers you propose Tea FDD is a bubble Tea, milk & beverages. A good Tea... Kung Fu Tea – CLOSED “ this franchise is tiny “! 187 locations worldwide s out – of – pocket costs team, the material. Out – of – pocket costs learn more about Kung Fu Tea Appreciation. Investment required to open a Kung Fu Tea | FranChimp.com Kung Fu Tea franchise accounting and legal costs Kung… to!