Tea Lounge Franchising
Society moves at a fast pace and the connections that we always felt to our neighbors, our neighborhoods and our communities have become much less important than they used to be. We don’t take time to relax, to practice the art of conversation and to get to know one another anymore. Imagine a place where that begins to change. A place where people in your community congregate to re-connect and to "Come Together." A place where we can celebrate each other's talents, connect to technology or just enjoy a great cup of tea or coffee, espresso or a cocktail and talk to our friends and neighbors.
This is what the Tea Lounge Opportunity is all about. We are not your typical franchise though... We see ourselves in a very unique way. We are the "Unfranchise." That means you get to be your own boss, to have impact and independence, to make decisions yourself about the things that make sense in your community. Let your entrepreneurial spirit thrive... Join the Tea Lounge and "come together" in our community today.
The franchise fee is $25,000. Included in the fee is an exclusive territory, use of the Tea Lounge brand name, operating systems, logo, trade dress, comprehensive training program and ongoing support.
The franchise royalty is 5%. We discount the royalty for the first four months of operations to 2.5% to give you time to build your customer base and grow your business. There is also 1% brand development fee.
We require potential franchisees to have a minimum of $400,000 net worth with at least $100,000 in liquid capital.
Yes, there are many ways to finance your Tea Lounge. While we do not provide direct financing to franchisees, we will discuss various financing options including traditional SBA loans, home equity loans, and retirement fund rollovers.
The amount of money individual franchises can expect to make will vary depending upon a multitude of factors. Tea Lounge does provide a financial performance representation within our Franchise Disclosure Document which you will receive during the sales process.
You will receive 10 days of training at our location in Park Slope, Brooklyn, NY covering Tea Lounge Systems and Procedures, Food Safety, Customer Service, Finance, Administrative Procedures, Event Planning and Local Store Marketing. What kind of support will franchisees get? The Tea Lounge provides its franchisees with support from site selection approvals to store opening assistance, training, ongoing consultation, marketing programs and materials, new products and more.
It generally takes up to 6 weeks between the time you first fill the application until you attend the personal interview. Once approved, how long would it take to open the location? This time varies from location to location, but it generally takes about six months after signing the Franchise Agreement before you will be ready to open for business.
This time varies from location to location, but it generally takes about three to six months after signing the Franchise Agreement before you will be ready to open for business.
|Type of Expenditure||Amount|
|Initial Franchise Fee||$25,000|
|Leasehold Improvements, Construction Cost||$35,000 to $60,000|
|Blueprints||$500 to $3,000|
|Rent – 3 Months||$12,500 to $24,000|
|Furnishings, Fixtures Equipment||$35,000 to $75,000|
|Complete Signage||$3,000 to $5,000|
|Point of Sale System||$2,500 to $5,000|
|Travel & living expenses while training||$0 to $2,000|
|Pre-Opening Expenses||$3,000 to $5,000|
|Professional Fees||$2,500 to $5,000|
|Licenses and Permits||$500 to $2000|
|Grand Opening Advertising||$2,000 to $4,000|
|Opening Inventory||$7,000 to $10,000|
|Insurance – 3 Months||$2,250 to $3,750|
|Additional Funds – 3 Months||$10,000 to $15,000|
|TOTAL||$140,750 to $243,750|
The first step in joining Tea Lounge is to complete the short initial inquiry form. A member of our team will contact you and answer your initial questions. If the opportunity sounds right, you will complete an application.
We want to get to know you and you need to get to know us. We will conduct a series of personal phone calls, webinars and/or an in person discovery day so that we both can learn more about each other.
We will continue to be available to answer your questions as you contact other franchisees, research your territory and determine if the Tea Lounge opportunity is right for you.
If we both determine that you will be a good fit in the Tea Lounge franchise system, we will issue franchise agreements and begin training.
What others are saying about the Tea Lounge franchise opportunity:
a. This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. There are approximately 14 countries and 15 US states that regulate the offer and sale of franchises. The countries are Australia, Brazil, Belgium, Canada (provinces of Alberta and Ontario), China, France, Indonesia, Italy, Japan, Malaysia, Mexico, Russia, South Korea, Spain, and the United States of America. The US states are California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states or countries, are receiving this message in one of these states or countries, or intend to operate a franchise in any of these states or countries, we will not offer you a franchise unless and until we have complied with any applicable pre-sale registration and/or disclosure requirements in the applicable jurisdiction.
b. This offering is not an offering of a franchise. In New York (USA), an offering of a franchise can only be made by a prospectus that has been previously filed and registered with the Department of Law of the State of New York. The application for registration of an offering prospectus or the acceptance and filing thereof by the Department of Law as required by the New York law does not constitute approval of the offering or the sale of such franchise by the Department of Law or the attorney general of New York.
c. OUR WEBSITE HAS NOT BEEN REVIEWED OR APPROVED BY THE CALIFORNIA DEPARTMENT OF CORPORATIONS. ANY COMPLAINTS CONCERNING THE CONTENT OF THIS WEBSITE MAY BE DIRECTED TO THE CALIFORNIA DEPARTMENT OF CORPORATIONS AT www.corp.ca.gov.
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