Tastea FDD – Franchise Information, Costs and Fees
Type of Business
The franchises offered in this Franchise Disclosure Document is for the operation of Tastea tea bars serving handcrafted fresh smoothies, teas, and other specialty beverages and fried food items in a quick-service restaurant environment under the “Tastea” trade name and trademarks.
Corporate Information
Tastea Franchising, LLC is a California limited liability company formed on September 9, 2013. Their principal business address is 11612 Knott Street #G5, Garden Grove, California 92841. They began offering Tastea franchises in 2014.
Investment
Under the Single Tastea Tea Bar Program, you will sign a Franchise Agreement to operate a single Tastea Tea Bar. The franchisor estimates your total initial investment to begin operations of a single Tastea Tea Bar will range from approximately $251,600 to $551,900. Included in the estimate is $52,000 to $57,000 that must be paid to the franchisor or their affiliate which is comprised of the Initial Franchise Fee of $40,000 and $12,000 to $17,000 in fees and expenditures.
Under the Purchase Program, you will purchase an existing and operating company-owned Tastea Tea Ba from their affiliate. The franchisor estimates your total initial investment to begin operations of an Operating Tastea Tea Bar will range from approximately $450,000 to $1,392,000. Included in the estimate is $422,000 to $1,330,000 that must be paid to the franchisor or their affiliate which is comprised of the purchase price of the Operating Tastea Tea Bar ranging from $375,000 to $1,250,000, the Initial Franchise Fee of $40,000, and $7,000 to $40,000 in prepaid rent and security deposits.
