For entrepreneurs who want to be a part of a successful company, owning a franchise can be a big stepping stone.
You become a partner in this company’s success story and get to work under its banner if you buy a piece of it. The Kung Fu Tea franchise provides such an opportunity.
Continue reading to learn everything you need to know about this franchise opportunity.
The information provided will aid you in deciding whether or not a Kung Fu Tea franchise is suited for you.
About The Kung Fu Tea
Kung Fu Tea is America’s largest made-to-order bubble tea company, with over 200 outlets across the country.
Through fresh, imaginative, and daring efforts, you may join them in upgrading the world of beverages and challenging the face of the industry.
The franchisor offers retail store franchises for a selection of oriental style brew tea, bubble tea, juices, coffee, smoothies, and other hot and cold beverages.
They also have a multi-unit franchise program in which you pledge to open and operate a certain number of Kung Fu Tea shops in a specific geographic area over a set length of time.
History Of Kung Fu Tea
After returning from Taiwan in 2009, entrepreneurs Michael, Allen, and Ray were roaming around Flushing, Queens.
They were looking for bubble tea, their favorite childhood beverage.
They visited a neighborhood tea shop, ordered, and sat down to explore fresh company ideas after gazing.
The three of them instantly put their glasses down in mid-conversation, perplexed that the beverage was a substandard counterfeit rather than the bubble tea they had grown to adore in Taiwan.
They stared at each other as they noticed the long line of thirsty consumers, and that’s when Michael, Allen, and Ray realized their new venture.
A bubble tea restaurant that opened in 2010 has quickly grown in popularity. As a result, in 2011, the brand offered its first Kung Fu Tea franchise for sale.
Today, the company operates the largest chain in the field, with over 361 locations.
Kung Fu Tea Franchise Model
| Initial Franchise-Fee | $37,000 |
| Total Investment | $123,000 – $422,000 |
| Traning-Fee | $10,000 |
| Royalty-Fee | 5% |
| Area Requirement | Traditional Store 500 to 1,500 square feet |
| Total Outlets | 200 |
Support
The Kung Fu Tea franchise offers assistance to all of its franchisees. You’ll be led through the entire process to ensure that your franchise runs well.
Because you merely need to follow its operating templates, you considerably limit the risks of making costly mistakes.
Updates are also distributed to all franchisees to inform them of events and changes to key parts of the business.
If you are planning to own a franchise, read out the ways to get more franchise visitors using franchise SEO.
Frequently Asked Questions
What much does a bubble tea cost?
Locations, prices, and costs are all important considerations. On the other hand, Stores average charges $3 or more per serving.
Is it possible to make money selling bubble tea?
The sheer number of bubble tea outlets opening demonstrates that the bubble tea sector is one of the most lucrative industries in the food and beverage industry.
Is it profitable to own Kung Fu Tea franchise?
You should not expect a profit or loss within the first six months. The gross profit margin will steadily climb to 15% after one year. You’ll have a gross margin of 56 percent on average by year two.
Amit Gupta is the founder of DrFranchises. He has a keen interest in investments, and has thus far invested in a few franchises. Franchise businesses are his forte- he knows all there is to know about their space requirements, fees, ROI potential, and business models. This makes him an ideal candidate for anyone looking to invest in a franchise