- 2023 Franchise 500 Rank
-
N/RNot ranked last year
- Initial investment
-
$141K - $244K
- Units as of 2014
-
3
Company Overview
About Tea Lounge
| Industry | Food |
|---|---|
| Related Categories | Coffee |
| Founded | 2000 |
| 领导 | jonathan spiel, CEO |
| Corporate Address | 837 Union St. Brooklyn, NY 11215 |
Business Overview
| Franchising Since | 2012(11 years) |
|---|---|
| Where seeking | This company is offering new franchisees in the following US states: This company is offering new franchisees in the following international regions: |
| # of Units | 3(as of 2014) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Tea Lounge franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
| Initial Franchise Fee
|
$25,000 |
|---|---|
| Initial Investment
|
$140,750 - $243,750 |
| Royalty Fee
|
5% |
| Ad Royalty Fee
|
1% |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Tea Lounge has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
| Can this franchise be run from home/mobile unit?
|
No |
| Can this franchise be run part time?
|
No |
| Are exclusive territories available?
|
Yes |
Interested in ownership opportunities like Tea Lounge? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Tea Lounge landed on this year's Franchise 500 Ranking versus previous years.
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