Teaspoon provides mobile bubble tea services delivering customizable tea beverages at various events and locations. The franchise offers a flexible, event-based bubble tea experience.
Key Insights
- Teaspoon emerged when founders recognized significant opportunities to transform traditional service delivery methods within their market, developing innovative approaches that addressed specific customer pain points and established new standards for quality and reliability in the industry.
- Customer interaction focuses on menu education, ingredient transparency, and personalized service that builds trust and loyalty while creating positive dining experiences that encourage repeat visits and word-of-mouth recommendations within the community.
- The market demonstrates consistent growth driven by demographic changes, evolving consumer expectations, and increased awareness of service quality, creating opportunities for businesses that can adapt to changing needs while maintaining high standards of professional service delivery and customer satisfaction.
Franchise Fee and Costs to Open
Exploring the financial picture of Teaspoon gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $244,500 - $548,000, along with a franchise fee of $45,000 - $45,000.
Financial Performance and Revenue
Yearly gross sales of $603,595 and estimated earnings of $72,432 - $90,540 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 5.4-7.4 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Teaspoon provides new franchisees with comprehensive training. Initial training, lasting two weeks, takes place at Teaspoon's headquarters. This program offers a thorough overview of Teaspoon's operations and brand standards. Teaspoon also recommends utilizing provided marketing materials and operational guides to support business launch and ongoing management.
Legal Considerations
Legal considerations for a Teaspoon franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee may encounter considerations regarding local market saturation, requiring a keen understanding of consumer preferences to differentiate. Operational complexity involves mastering diverse menu items and maintaining service standards consistently. Reliance on specific supply chains for ingredients necessitates robust vendor relationships and contingency planning for potential disruptions, ensuring product availability.
Franchise Datasheet
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