The spice & tea exchange FDD Summary
Type of Business
THE SPICE & TEA EXCHANGE® Stores are retail stores that sell spices, herbs, teas, spice blends, rubs, and related products and accessories the franchisor may designate or approve. The franchises offered are for the development and operation of a Unit Franchise or an Area Development Business. Unit Franchises operate individual THE SPICE & TEA EXCHANGE® Stores. Area Development franchises develop and operate multiple THE SPICE & TEA EXCHANGE® Stores.
Corporate Information
The Spice & Tea Exchange Franchising, LLC is a Florida Limited Liability Company formed on August 14, 2008, and their principal business address is 2708 Alt 19 N, Suite 601, Palm Harbor, Florida 34683. They began offering franchises for THE SPICE & TEA EXCHANGE® Stores on August 25, 2008.
Investment
The total initial investment necessary to begin operation of a Unit Franchise ranges from $190,450 to $291,650. This includes $142,650 that must be paid to the franchisor or affiliates.
The total investment necessary to operate multiple THE SPICE & TEA EXCHANGE® Stores under an area development agreement depends on the number of franchises the franchisor grants you the right to open. Under the area development agreement, you must open a minimum of two (2) Stores. The total investment necessary to open and operate three (3) THE SPICE & TEA EXCHANGE® Stores is $242,700 to $343,900 which includes the $90,000 development fee paid to the franchisor and the total investment to begin operation of your initial Store.