Is it truly possible or everyone to be kung-fu fighting? Surely not everyone was kung-fu fighting at the same time? But maybe they were if they would have seen this exemplary franchise opportunity. Because we all know how amazing it is to find that perfect business opportunity after searching high and low with no luck.
When it comes to the Kung Fu Tea opportunity, everyone is going crazy to get their hands on it. And you’re about to see why. But first. Why would you even want to purchase a franchise business rather than just start your own company?
It’s not an easy decision. In fact, franchising isn’t made for everyone. And every opportunity certainly isn’t made for everyone either. But there are a whole lot of benefits to purchasing a franchise business rather than having your own startup. Especially if you choose the right one.
Sure, there are also a lot of responsibilities as well. You have a lot riding on your success. Considering you are technically operating a business for someone else. You have the responsibility of keeping their dream alive. After all, it is their baby that they build from scratch.
Now it’s your turn to take the reigns and help that business grow. And in turn, you will help yourself become successful through that business.
When it comes to the Kung Fu Tea franchise opportunity, it’s no different. They have specific standards and values that you must adhere to in order to keep this business going with the reputation they built.
So, let’s dive in and check out what this franchise opportunity is all about. So that you can make a clear decision on whether or not you want to pursue this business opportunity. Let’s get started.
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The Kung Fu Tea Experience
This bubble tea experience is honestly unlike any other that you may encounter. With each beverage that is constructed, the kung-fu spirit is applied each and every time. They share their passion for this art and ensure that it shows through their handcrafted drinks. In fact, they understand the importance of taking your time to create amazingness.
So much that they use actual leaves when brewing their teas. It’s all about having patience and discipline. After all, that’s what the kung-fu experience is all about, right? Which is why these signature drinks are crafted in a way that resembles those values.
They are so much dedicated to providing only the best drinks that they brew the tea every three hours and ensuring that the bubbles are cooked every two every. It’s truly a highly rated brewing process that has been mastered by this company. And the flavor has been always remained consistent throughout the years.
With this company, you can always appreciate the amazingly crafted bubble teas and other signature drinks that are carefully crafted with patience. Or, you can become an owner of one of the franchise locations and enjoy the art of making these signature drinks for the people in your community.
Either which way, it’s an incredible experience that you won’t want to miss. Are you ready to find out what makes this business opportunity one of the best of its kind? Let’s jump in and check it out.
Step into the Business
As a potential franchise owner, it’s important for you to understand the background of the company that you are checking into. It’s also important that you look at both the good and the bad qualities of the company. Even if it’s something that you wish you didn’t see.
But when it comes to the Kung Fu Tea franchise, there isn’t much bad to report. In fact, just in the first six years of business, this company experienced a great deal of growth since beginning in 2011. By the end of 2017, the company had a total of 127 franchise outlets operating.
And the turnover rate is quite low. Indicating that this company could possibly be experiencing good health. With a turnover rate of 2.02, we can almost certainly determine that there haven’t been too many closings. Which is good considering the minimum term length is 10 years, and they have been offering the franchise opportunity for only 6 years at the time.
I think that the amount of training can definitely add to the fact that this company has been experiencing a good amount of growth. When you become a franchise owner with Kung Fu Tea, you will receive on the job training that will help you understand exactly how to run and operate your new business.
And although they do not offer many other benefits, I still feel that what they do offer can be extremely helpful for new and aspiring franchise owners. But let’s talk a little about what the company requires from you to become a franchise owner.
What You Need to Do
We all know that you are going to have to invest a lot of time and money into your new business. Especially when you first start out. But no one ever really talks about how much and how often you’re going to have to keep up with it. Rest assured, that’s why I’m here. So that you can get an idea of how much you’ll be shelling out for this business opportunity before you get too far ahead of yourself.
When it comes to the Kung Fu Tea franchise, you will have an initial investment fee of anywhere from $25,000 to $37,000. With a total investment of between $125,050 and $428,050.
This cost is quite average for this industry and may actually be considered low for some people. The reason that there is such a wide range for the initial franchise fee and total investment is mostly due to the fact that there are different types of shops. The price can also vary due to your specific location.
The additional fees that you are responsible for are the royalty and advertising fees; which are both ongoing based on your gross sales. There is a 4% royalty fee for non-traditional stores and a 3% fee for standard units. The advertising fee is low as well, coming in at 2% of your gross sales.
These fees must be paid for the entire 10 years of your contract term. Once your 10-year agreement is complete, you can then choose to renew for another 10 years for an additional fee. However, the renewal fee is not currently recorded.
But the good news is that once you sign your contract agreement, you will receive the territory rights to your franchise location. This is exceptionally important to many individuals and can actually make or break the deal in some cases.
An Honest Opinion
While there are tons of franchise opportunities that are available on the market, I would say that the Kung Fu Tea franchise is one of my favorites for this specific industry. Not just because the statistics look great and the growth looks healthy. But also because this is a company that holds true to their passion.
They used their passion for Kung Fu and kept it alive with every location that has been opened. And I think that’s an important aspect and standard for companies to stick to. If you believe in something, then you should keep at it and give 100%.
And maybe that’s one of the reasons as to why they have seen such a dramatic amount of growth over the years. Because it’s a company that stays true to what they value. And show appreciation to their customers.
I think that if you share that same passion (especially a passion for the art of Kung Fu), then the Kung Fu Tea franchise may be a great option for you to consider. The price is quite decent and the ongoing fees are exceptional. In fact, they are actually quite low for this industry.
Plus, the turnover rate is decently low as well. Which means that there may not have been too many closings with prior franchise owners.
Either which way, I believe that this franchise opportunity had a lot of potentials. Especially if you are looking for a business opportunity in this specific industry.
The Conclusion
There can be many factors that go into making a franchise opportunity as great as it is. Or in some cases, as poor as it is. And when it comes to choosing the right business, you want to make sure that you have all of the nitty-gritty details. Whether they are good or bad.
In the case of Kung Fu Tea, it seems that there isn’t much negativity wrapped around this franchise opportunity. The company has been steadily growing and the price is right. And although they do not offer as many benefits and perks as some other companies do, they still have a few good things going for them.
Especially since this company is one that holds true to their passion and values their customers. That’s something that can’t be found with every business. Even though it should be the main priority.
Overall, I believe this franchise opportunity has the potential for becoming a great business venture for those that show interest in it. So if you feel that you are one of those individuals, then contact the company to get started on your application to become a franchise owner for Kung Fu Tea.