How Much Does Kung Fu Tea Make A Year Initial Franchise Fee The initial franchise fee for a Kung Fu Tea franchise is 37 000 For existing franchise owners or for a non traditional unit this fee is reduced to 25 000 Training Fee Before the initial training begins a fee of 12 500 is required to cover the costs of a three week training program
Kung Fu Tea s marketing manager Matthew Poveromo on how the franchise brand which is ranked No 57 on Entrepreneur s 2023 Fastest Growing Franchises list is harnessing trends to accelerate growth How much does the Kung Fu Tea franchise cost Kung Fu Tea has a franchise fee of up to 37 000 with a total initial investment range of 123 000 to 422 000 Liquid Cash Requirement 25 000 35 000 Kung Fu Tea Initial Investment Initial Investment 123 000 422 000 Ongoing Fees Initial Franchise Fee 37 000 Training Fee Fee 10 000
How Much Does Kung Fu Tea Make A Year
How Much Does Kung Fu Tea Make A Year
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Ans To set up a Kung Fu Tea outlet will cost you approx 140 000 to 422 000 for Traditional unit and 123 000 to 275 000 for Non traditional Unit Below is the cost break up for traditional unit Space required Min 500 1500 sq ft Franchise Fee 37000 Initial Supplies Equipment 25 000 to 35 000 The initial cost for a standard Kung Fu Tea franchise amounts to 37 000 but if you opt for a non traditional location like an airport or hotel the fee decreases to 25 000 For each additional unit you decide to open thereafter the fee remains at 25 000 Initial working capital of 5 000 to 25 000 is required to open a Kung fu franchise
2019 Kung Fu Tea Break even point Royalty fee 3 of Gross Sales In 2020 Kung Fu Tea made 2 467 310 Estimated average franchise revenue 335 688 1 Based on a midpoint investment of 271 000 with estimated profits of 33 568 at a 10 profit margin it would take about 10 years to recoup your investment 2019 Kung Fu Tea Break even point Royalty fee 3 of Gross Sales In 2020 Kung Fu Tea made 2 467 310 Estimated average franchise revenue 335 688 1 Based on a midpoint investment of 271 000 with estimated profits of 33 568 at a 10 profit margin it would take about 10 years to recoup your investment
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Depending on how the business is operated the costs can vary greatly The median franchise opening costs for a franchise in the United States are estimated to be between 180 000 and 385 000 USD Of this total investment approximately 5 20 can be attributed to the necessary equipment and maintenance costs Kung Fu Tea Bubble tea 2024 Franchise 500 Rank 297 Ranked 323 last year See the Full List Initial investment 169K 378K Units as of 2023 375 63 8 over 3 years
How much does it cost to open a Kung Fu Tea Franchise The investment required to open a Kung Fu Tea Franchise is between 124 050 428 050 There is an initial franchise fee of 37 000 which grants you the license to run a business under the Kung Fu Tea name Website www kungfutea Kung Fu Tea Chinese pinyin G ngf ch is an American bubble tea franchise headquartered in New York City The company was founded in 2010 2 In 2021 Kung Fu Tea was recorded among Nation s Restaurant News Top 500 Restaurant Chains 3
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How Much Does Kung Fu Tea Make A Year - Ans To set up a Kung Fu Tea outlet will cost you approx 140 000 to 422 000 for Traditional unit and 123 000 to 275 000 for Non traditional Unit Below is the cost break up for traditional unit Space required Min 500 1500 sq ft Franchise Fee 37000 Initial Supplies Equipment 25 000 to 35 000