A free inside look at company reviews and salaries posted anonymously by employees. 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. Total Investment: $150,000. All costs and expenses associated with the audit, reasonable accounting and legal costs. 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. Gong Cha is a boba franchise that focuses on quality ingredients and creative mixes. Robert Sietsema, EATER NY Exceptional store designs and branding package. Based on 2020 FDD data, Kung Fu Tea has franchise locations in 33 states plus DC. A free inside look at company reviews and salaries posted anonymously by employees. find out … What does it cost to buy an existing Gong Cha Store from a franchisee? Read, download and print current and historical Franchise Disclosure Documents for Kung Fu Tea. However, that’s not all as there are other fees such as the working capital ranging between … Please note that This fee covers the cost of testing or inspecting equipment, supplies, or suppliers you propose. If you love bubble tea, then why not join a Gong cha bubble tea franchise. Specialties: Specializes in made-to-order tea, milk & fruit-based beverages. find out … What does it cost to buy an existing Gong Cha Store from a franchisee? This … The menu even includes milk caps and coffee beverages so customers always have a choice. With a total investment of between $125,050 and $428,050. Franchise Grade One Liberty Place 1650 Market Street, Suite 3600 Philadelphia, Pennsylvania, 19103 United States of America When it comes to the Kung Fu Tea franchise, you will have an initial investment fee of anywhere from $25,000 to $37,000. 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. Today there are 1500+ locations worldwide with 40+ locations (and growing) in the USA! “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. The franchise offering Kung Fu Tea includes such expenses as a franchise fee, a training fee, equipment cost, and cost of renovation. find out … What does it cost to buy an existing Gong Cha Store from a franchisee? Financial Requirements. This includes $50,050 to $72,050 that you must pay to the franchisor or their affiliate. If you love bubble tea, then why not join a Gong cha bubble tea franchise. PDF copies of the complete Kung Fu Tea shops franchise agreement, operations manual and other important contracts and training materials. 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! 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 The total initial … 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. If you love bubble tea, then why not join a Gong cha bubble tea franchise. TKK FRANCHISE INQUIRY 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. Their principal business address is 589 8th Ave., 17th Floor, New York, NY 10018. Currently Kung… 143 reviews of Kung Fu Tea – CLOSED "This franchise … 143 reviews of Kung Fu Tea – CLOSED "This franchise … 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. 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! In a country like the USA, where most of the people are coffee lovers, coming with a tea concept takes a lot of courage. For faster service, please email us at info@kfteausa.com or call our service number at 1-855-KFT-9888. Bee & Tea. Kung Fu Tea > 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. 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. Kung Fu Tea. But the company estimates the initial investment at between $177,430 and $335,400. Kung Fu Tea has a franchise fee of up to $37,000, with a total … Headquarters supports: Full trainings, store designs, publicity designs, and grand opening supports. Drink-in tea shops will be designed according to different store conditions. As of the 2020 Franchise Disclosure Document, there are 213 franchised Kung Fu Tea locations in the USA. Please fill out and submit the application form below and one of our Kung Fu Masters will contact you as soon as possible. English. With a strong supply chain team, the original material quality is stable. TKK FRANCHISE … 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 initial franchise fee is marked between $25k and $37k, while the total investment will run you anywhere between $124k and $430k. 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. Specialties: Specializes in made-to-order tea, milk & fruit-based beverages. The Kung Fu Tea FDD is a federally mandated document that includes information on 23 critical areas. To become a Kung Fu Tea franchisee, you are required to pay a franchise fee. 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. This fee varies but the Due Date is Payable within 30 days of the termination of the Development Agreement. Offers a wide selection of drink toppings including bubbles, beans, jellies & pudding. 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 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. find out … What does it cost to buy an existing Gong Cha Store from a franchisee? for Kung Fu Tea shops Franchises. 128 Kung Fu Tea reviews. The amount of the Royalty Fee for any renewal term will be that provided in the Franchise Agreement executed for such renewal term. About Menu APP Franchise Partnerships Locations Merch … Established in New York City in 2010. 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. Personnel Known for quality tea and service, Gong Cha has withheld its reputation against many existing competitors. 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 is a bubble tea franchise with over 187 locations worldwide. 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. Chinese. Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. First, a shop should pay the franchise fee in amount of $37,000, the … What are the Best Types of Chainsaws for Firewood Business? Want to join Kung Fu Tea’s Fresh - Innovative - Fearless family? 143 reviews of Kung Fu Tea – CLOSED “This franchise is tiny. Kung Fu Tea was founded in 2009 by Michael, Ray, Allen and Sean. Offers a wide selection of drink toppings including bubbles, beans, jellies & pudding. 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. 2019 Franchise Disclosure Document for Kung Fu Tea | FranChimp.com 800 cups. Learn about the day-to-day activities of a bubble tea business owner, the typical target market, growth potential, startup costs… Locations. The … Why Lead Generation Business An Important But Scalable & Long-Term Business Plan Versus Franchising In 2019 This covers the rights and obligations of the franchisor and franchisee, background information on the franchisor and its officers, lawsuits, and other […] 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. Excluding the security deposits, rentals, personnel expenses, and operational reserve funds. 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. 2. Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. 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. Established in New York City in 2010. 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. All drinks are made with fresh, premium ingredients. Kung Fu tea is one of the successful tee shop brands in the USA. This fee will vary under the circumstances and the Due Date is As incurred. 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. Let us first know more about Kung Fu tea. Let us check Kung Fu Tea shops franchise registry approval status and show you how it stacks up to competitors. Bee & Tea (Boba Tea and Smoothie Café) Bee & Tea is on a mission to make boba tea … Gong Cha today is one of the most recognized bubble tea brands around the world. Learn more about international franchising opportunities with Kung Fu Tea. How much does it cost to open a Kung Fu Tea Franchise? 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. find out … What does it cost to buy an existing Gong Cha Store from a franchisee? 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. 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. Kung Fu Tea has a franchise fee of up to $37,000, with a total initial investment range of $124,050 to $428,050. This includes $50,050 to $72,050 that you must pay to the franchisor or their affiliate. Seeking master franchise candidates. 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. The upfront costs are $37,000 for a traditional store purchase fee and $10,000 for the training fee. Please note that you must reimburse Kung Fu Tea franchise if it is held liable for claims arising out of your franchise operations. Quick Franchise Summary. With over 200+ locations across the U.S., Kung Fu Tea has become America’s largest made-to-order bubble tea brand. Welcome to Kung Fu Tea’s Fresh - Innovative - Fearless world of bubble tea (boba) and other tasty, refreshing beverages. The franchise offering Kung Fu Tea includes such expenses as a franchise fee, a training fee, equipment cost, and cost of renovation. 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. If you love bubble tea, then why not join a Gong cha bubble tea franchise. Liquid … Franchise fees vary on a case by case basis but usually fall around $30,000. 143 reviews of Kung Fu Tea – CLOSED "This 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. Welcome to the FranchiseResearch.net listing of Kung Fu Tea Franchise Disclosure Documents (FDD) available for sale. Store monthly sales $ 100 k. Investment range for one store $ 130 k + More. Established in 2010. This cost is quite average for this industry and may actually be considered low for some people. Kung Fu Tea offers a selection of bubble teas and signature drinks from base ingredients such as milk, yogurt, punch or slush. With a total investment of between $125,050 and $428,050. 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.

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