Tastea Franchise Cost & Profit Opportunity Review

March 27, 2019


Are you considering a new and fresh franchise business opportunity? One that is exciting and innovative. But also one that isn’t oversaturated? If you want a franchise business that includes all of those things and more, then you have come to the right place. Today, we talk about the Tastea franchise opportunity.

 

And this company is definitely one that should be considered. Not because it’s extremely popular with entrepreneurs. But because it’s a company that is unique and offers a fun experience for everyone.

 

It’s an experience that individuals have been dying to try out. And most of the time, it gives a relaxing experience after long days. Or even just to hang out with friends. And I think that’s one of the most important aspects of a business. One that can come together to bring friends and family together.

 

Which is why I believe that this franchise business is the perfect opportunity for entrepreneurs that are looking to change the game in the tea industry and bring people together through common interests.

 

However, you can’t choose a company based on those facts alone. You are going to have to research and find out the requirements and expectations to see if you even qualify as a franchise owner for this company. Or actually, if you even want to be a franchise owner for this company.

 

Normally, that would take a lot of work. But I took the hard work out of this for you by grabbing all of the major details on this franchise and putting them right here in this review for you. That way, you can make a well-informed decision that you can feel confident in.

 

So, let’s get started so that you can find out more about this franchise opportunity and decide whether or not to pursue it.

The Most Tastea Experience Yet

If you want exciting and new tea creations, then Tastea is the establishment that you need to be visiting. With a consistent flow of new and fresh flavors, this company ensures that everyone is satisfied with each and every visit.

However, if you’re into more classic tea flavors, you can still go and enjoy this unique tea bar. Whether it’s a new and interesting flavor or a more original tea flavor such as Thai iced tea, you can be sure that you are getting high-quality tea.

 

You see, every ingredient at Tastea is always high-quality. And it always has been. But recently, this establishment’s founders decided to visit an actual tea farm to ensure that they use a special and unique blend of tea leaves that are always fresh and flavorful.

 

For the entire 18 years that they have been in business, Tastea has always strived to provide their customers with a unique experience unlike any other. One that they can come and enjoy their favorite teas with friends. And even try new and fun flavors that they may have never even heard of before.

 

There is never a dull moment when enjoying a fresh cup of tea at this establishment. And I’m sure everyone that has ever visited a Tastea business can agree.

 

It sure is an exciting adventure from the moment you step foot into this facility. But how does it measure up when it comes to the franchise opportunity? Let’s check out some of the details to find out more.

Details on the Franchise

While some companies tend to experience a major amount of growth right from the start, Tastea isn’t one of them. In fact, since the beginning of the franchise opportunity up until the end of 2017, this company only had a total of one franchise outlet that was operating. But that doesn’t always necessarily mean that it’s a poor opportunity.

 

In fact, it indicates that it’s more of a ground level opportunity for you to get started with. It means that the industry isn’t over saturated and you have the chance to become one of the first Tastea establishments in your community.

 

It also means that the turnover rate is basically non-existent. Which can be a good thing, I guess. Considering that there was only one operating franchise location.

 

The good news is, however, that they offer a decent amount of perks. Although some companies do offer more inclusive perks and data on the business, Tastea has only a few. And although they do not provide any type of financial transparency, the company does give you the rights to your territory location. So, they have that going for them.

 

Tastea will also give you proper training on how to run the business and how everything works. This part is crucial because it’s important to be on the same page as everyone else. It’s also important for you to understand how the company wants and expects things to be run.

 

So this can essentially take a load off of your shoulders if you were worried about not being knowledgable enough about this business and the industry.

Requirements and Fees

So that’s cool and all, but what’s expected from you to become a franchise owner for this company? It’s basically the average cost and fees along with the basic requirements. And honestly, they don’t seem to ask for much. Which is a pretty good deal. But at the same time, a little confusing as to why they haven’t had much luck with growth.

The initial franchise fee for Tastea comes in around $40,000 and will be due at the signing of your franchise agreement. This initial agreement is for a total of 10 years. After those 10 years are up, you can then choose to renew your agreement for 5 more years if you would want to.

 

Once you purchase everything you need for the business and depending on your specific location, the total investment for this business can be anywhere from $427,000 to $678,500. But that doesn’t include the ongoing fees that you are also required to pay.

 

There is a 6% royalty fee and a 1% advertising fee that you are responsible for paying based on your gross revenue. It’s not clear on when the company expects you to pay these fees. So it’s best to question the company on how often they need to be paid and if there is a minimum requirement.

 

Either which way, I still believe that the price of this franchise is reasonable for this industry. There may, however, be a few things that will keep you from choosing this franchise.

The Conclusion

There is at least one negative side to every business opportunity. But the right opportunity will come around and make you feel like that is the perfect one for you. Because regardless of the potentially negative sides of the business, there are always some positives that will outweigh them.

 

Especially if you are truly passionate about the company and their mission.

 

When it comes to the Tastea franchise opportunity, there are definitely a few things that you need to ask the company before you make your final decision. Especially with the lack of growth for this franchise.

 

It’s always best to ask specific questions that will lead you to a better concept of what the business is about and how much chance of success you may have. But in the end, the final decision and your success will always be determined by you.

 

However, it always helps to have as much information and research done as you can before even considering to contact the company. This way you know exactly which questions you should be asking.

 

If you feel that Tastea could be the right fit for your new franchise business, then contact the company and get started on your application for a new franchise. Grab the tea by the leaves and learn more about whether or not you can become an owner for the next and newest Tastea establishment in your area.

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