The Spice & Tea Exchange

The Spice & Tea Exchange franchise sells salts, sugars, peppers, gourmet spice blends and rubs, and fine loose teas. The franchise was founded as Old Florida Spice Traders in 2005 in St. Augustine, Fla. Three years later, Old Florida Spice Traders became The Spice & Tea Exchange franchise concept. Since that time, the franchise has expanded to more than 80 locations across the U.S. Health conscious consumers will appreciate the healthy product, and franchise owners appreciate the opportunity to cash in on two booming industries: retail and tea and spices. Veterans are incentivized to invest in The Spice & Tea Exchange franchise with a 25% discount on the franchise fee. 

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The Spice & Tea Exchange

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The Spice & Tea Exchange Franchise Cost and Requirements for 2022

Background

In today's world, consumers are looking to eat and drink healthier options when out of the home. One of the healthiest things you can drink is tea, which come with herbs and spices. If you are looking to cash in on the the booming health and retail sectors, then The Spice & Tea Exchange franchise could be for you. The franchise, which was founded in 2005 as Old Florida Spice Traders, became The Spice & Tea Exchange three years later in Florida. Since that time, the tea retailer has grown to more than 80 locations across the U.S. Prospective franchisees will enjoy the flexibility of absentee ownership and the brand's amazing culture. The Spice & Tea Exchange mission is to create and share the experience of a more flavorful life. As a franchise owner with The Spice & Tea Exchange franchise, you will appreciate the opportunity to be your own boss. Additionally, veterans are incentivized to invest in the brand with a 25% discount of off the franchise fee. Franchisees with the tea and spice retailer will enjoy the opportunity to cash in on two booming industries: retail and health and wellness.  
As a franchise owner, you will appreciate the franchise's great support and training. In terms of support and training, franchise owners can expect an initial training program that is broken down into classroom and on-the-job instruction. Additionally, you'll be provided with marketing and advertising tools, grand opening and site selection assistance, and ongoing support and training. You can expect an initial investment that ranges between $194,659 - $395,250 and a franchise fee of $38,750.

Company Details

Headquarters: Palm Harbor, FL
Founded: 2008
First Franchise: 2008
Canada: No
International: No 
B2B: No
Absentee: Yes
Exclusive territory: Yes
Mobile/home-based: No

 

Support and Training Offered By The Spice & Tea Exchange

In terms of support and training, franchise owners can expect an initial training program that is broken down into classroom and on-the-job instruction. Additionally, you'll be provided with marketing and advertising tools, grand opening and site selection assistance, and ongoing support and training.  

2022 Franchise Requirements Needed to Own a The Spice & Tea Exchange Franchise.

What does a The Spice & Tea Exchange Franchise Cost?

The Spice & Tea Exchange franchise fees for 2022:

Veteran Incentives: Yes; 25% off franchise fee
Royalty Fee: 7%
Initial Investment: $194,659 - $395,250
Cash Requirement: $90,000 - $120,000
Initial Franchise Fee: $38,750

Is The Spice & Tea Exchange a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. The Spice & Tea Exchange is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is The Spice & Tea Exchange a Home Based franchise?

No. The Spice & Tea Exchange is not a home based franchise opportunity.

What Do The Spice & Tea Exchange Franchise Owners Make?

Click here to find out how much The Spice & Tea Exchange franchisees make. The Spice & Tea Exchange offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Does The Spice & Tea Exchange Offer a Veteran Discount?

Yes. The Spice & Tea Exchange franchise does offer a veteran discount.

Is The Spice & Tea Exchange Looking for Franchisees in Canada?

No. The Spice & Tea Exchange franchise is not looking for Canada franchisees.

Is The Spice & Tea Exchange Looking for International franchisees?

No. The Spice & Tea Exchange franchise is not looking for International franchisees.

Additional Information

Additional Categories

Miscellaneous & Unique, Retail, Non Food Franchises

Number of Units Open

50-100 UNITS

Cash Required

$100,000 - $250,000

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

The Spice & Tea Exchange Franchises for Sale

Click Here to inquire about existing The Spice & Tea Exchange franchises for sale. We may have The Spice & Tea Exchange franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.