TPTEA provides gourmet bubble tea, tea-based beverages, coffee-based beverages, and complimentary food, accessories, and gifts. The franchise offers a tea shop establishment with a distinctive system and product line focused on high-quality tea and related products.
Key Insights
- TPTEA was created to bring much-needed innovation and professional standards to an industry that required modernization, focusing on developing scalable systems and processes that ensure consistent quality while adapting to local market conditions and customer preferences.
- Class scheduling accommodates diverse member schedules and preferences while maintaining optimal instructor-to-participant ratios that ensure quality instruction and personal attention, creating convenient options that support consistent participation and fitness progress.
- Economic factors support increased consumer spending on services that improve quality of life and provide convenience, creating growth opportunities for businesses that can deliver value while adapting to changing economic conditions and customer priorities.
Franchise Fee and Costs to Open
Exploring the financial picture of TPTEA 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 $424,800 - $446,900, along with a franchise fee of $50,000 - $50,000.
Financial Performance and Revenue
Training and Resources
Strive 11 Fitness provides a comprehensive initial training program, lasting two weeks, held at our corporate headquarters. This training covers operational best practices and brand standards. Strive 11 Fitness offers extensive marketing resources and operational support. They recommend utilizing these tools to build a successful business. Additional ongoing support and resources are available to franchisees.
Legal Considerations
Legal considerations for a TPTEA 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
Navigating local market competition is a consideration, requiring distinct strategies to attract and retain members. The operational complexity of managing facilities, staff, and diverse fitness programs demands robust organizational skills. Dependence on specific supply chains for equipment and consumables may present logistical challenges, impacting inventory and member experience.
Franchise Datasheet
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