Many start their day with tea. A franchise to consider is the Teapioca Lounge. The brand was founded in 2010 as a single shop in Central Texas. Since its inception, Teapioca has expanded to over 20 locations in four states. The brand serves authentic Taiwanese teas, drinks and food. As a franchise, you benefit from: a reliable and trusted brand; more than 40 varieties of teas and premium products; a large menu that appeals to a mass audience; a great franchise location; a promising investment opportunity: site research and selection assistance from the franchisor; and business development support. Franchisees also enjoy enterprise technology integration; national marketing assistance; hands-on training and ongoing support; and an exceptional support system.
You can expect an initial training program that is broken down into classroom and on-the-job instruction. During that time, you'll learn everything you need to know about running the business. This includes hiring, marketing and advertising, managing finances, and more. Support and training are ongoing and lasts from beginning to end. Veteran ownership is incentivized through a 10% discount on the initial franchise fee. Online orderers and branded merchandise are additional revenue streams. While prior experience is a plus, it isn't required to be a successful franchisee. In terms of the initial investment, it ranges between $220,000 - $375,000. You'll be required to pay ongoing royalty fees as part of your gross sales. Franchisees are awarded an exclusive territory, as you'll be the only one In your specific territory. This is one of the benefits of investing in a franchise business.