While tea is typically thought of as a drink for stuffy English people, it has gained popularity with everybody. An option to consider is Kong Fu Tea. The brand is the biggest bubble tea business in the U.S. It was founded in 2010 and began franchising in 2011. Since then, Kung Fu Tea has expanded to hundreds of locations globally. In addition to North America, Kong Fu Tea is located in Taiwan, Cambodia, and Japan. The ideal candidate is passionate about customer service and providing a great product. Candidates have the option to open a traditional or non-traditional location. The traditional store is typcially 500 to 1,500 square feet. Candidates can also open non-traditional locations in airports, hotel, military installation, schools, and more. The initial investment for a traditional store ranges between $140,000 to $422,000, and the initial investment for non-traditional location is $123,000 to $275,000. The initial franchise fee for traditional location is $37,000. Qualified candidates should have a net worth of at least $500,000 - $700,000 and a minimum of $250,000 - $350,000 in cash and other liquid assets.
Since there is support and training, you don't need prior experience to run the business. In addition to grand opening assistance, you can expect an initial training program that covers everything you need to know about the business. This includes marketing and advertising, hiring, managing finances, and more. This program is broken down into on-the-job and classroom instruction. The support and training are ongoing. Franchisees benefit from an exclusive territory, which decreases their competition as they'll be the only representative of the brand in their area.