Chatime FDD – Franchise Information, Costs and Fees
Type of Business
The franchisor offers franchises to operate a Chatime beverage service establishment offering gourmet teas, smoothies, iced beverages, other coffee and tea-based beverages, bubble tea, compatible food products, and related supplies, accessories, and gifts at a specified location within a designated geographic territory.
Corporate Information
Chatime Franchise, LLC is a Delaware limited liability company organized on July 12, 2022. Their principal place of business is 6000 Sepulveda Blvd., Culver City, CA 90230. They have offered Chatime franchises since April 2023.
Investment
The total investment necessary to begin operation of your Chatime Store is between $280,600 to $493,900. This includes $74,900 to $99,400 that must be paid to the franchisor or its affiliates. They also offer multi-unit development agreements under which you agree to open and operate an agreed number of Chatime Stores within a specific geographic area according to an agreed development schedule. If you sign a multi-unit development agreement, you will pay the franchisor a multi-unit development fee when you sign the multi-unit development agreement, which will serve as a full credit toward the initial franchise fee for each unit to be developed. The number of locations in a multi-unit development agreement will normally range from three to ten locations. The estimated initial investment when signing a multi-unit development agreement for three to ten locations is $360,600 to $7713,900, which includes the multi-unit development fee and the estimated initial investment for the first location. This includes $166,900 to $319,400 that must be paid to the franchisor or its affiliates.
