Kung Fu Tea FDD – Franchise Information, Costs and Fees
Type of Business
The franchisor offers franchises for the operation of retail shops selling a variety of brew tea, bubble tea, coffee, juices, smoothies and other hot and cold drinks. The franchisor also offers a multi-unit franchise under which you agree to open and operate a specified number of Kung Fu Tea shops over an agreed period of time within an agreed geographic area.
Corporate Information
KF Tea Franchising LLC is a Delaware limited liability company formed April 17, 2013. Their principal business address is 589 8th Ave., 17th Floor, New York, NY 10018.
Investment
The total investment necessary to begin operation of a Kung Fu Tea franchise is $169,000 to $$378,000 for a standard Kung Fu Tea shop and $184,000 to $269,500 for a non-traditional unit. This includes $59,000 to $82,000 that you must pay to the franchisor or their affiliate for a standard unit and $61,500 to $75,000 for a non-traditional unit.
If you sign a multi-unit agreement covering three units, your total initial investment will be $169,000 to $378,000. This includes $84,000 to $95,000 that you must pay to the franchisor or their affiliate. If you sign an agreement for more than three units, you would pay us or our affiliate an additional $12,500 for each unit you agree to develop after your third unit, and this amount would be added to your total initial investment.
