KUNG FU BING/KFB
Food & Beverage QSRCompany Information
Address
589 8th Ave., 17th Floor New York, NY 10018
Website
Tel
Not Available
Email
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Franchimp Summary Rating
Lower than 22% of peers
Franchise Summary
Description
Kung Fu Bing (KFB) is a franchise that uniquely combines martial arts and culinary arts, focusing on the creation and serving of delicious Chinese pancakes (bing) while incorporating kung fu themes. It offers a lively dining experience with fresh ingredients, martial arts-inspired decor, community engagement, and franchise opportunities for aspiring entrepreneurs.
Company Background
Kung Fu Tea is a chain of franchised retail shops, which offer a variety of traditional oriental style brew tea, bubble tea, coffee, juices and smoothies. The company also offers multi-unit franchise opportunities for the operation of multiple Kung Fu Tea shops across various geographical areas. It's mission statement is to "bring people together with the joys of life through our products."
Franchise Opportunity
We are a group of tea experts with over 30 years experience in the industry. Our Kung Fu Tea shops offer an exciting and unique retail concept that is growing rapidly throughout North America. We have franchise locations in Canada, Mexico, South Korea, Singapore and United States. With our multi-unit franchise you can not only open your first Kung Fu Tea shop but also grow your business by opening additional stores within a specified time period to meet your financial goals. The best part is that you don't need any prior restaurant or food service experience to get started! Our training program will teach you everything you need to know about operating a successful Kung Fu Tea shop!
Employee Contact Database
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FAQ
How much investment do I need to start my own KUNG FU BING/KFB business?
Franchisees typically require at least $124,050 to $124,050 investment to get their KUNG FU BING/KFB business started
What are the initial franchise fees for KUNG FU BING/KFB?
Franchisees typically need to pay at least $25,000 in fees directly to KUNG FU BING/KFB in order to earn the right to launch their business
How much money can I make with a KUNG FU BING/KFB franchise? What are
the average revenues for a typical KUNG FU BING/KFB business?
We haven’t done the math on how much revenue a typical
KUNG FU BING/KFB brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$1,201,697 revenue, so we would expect
KUNG FU BING/KFB to generate a similar amount
How long do I need to commit to running a KUNG FU BING/KFB unit? What
is my contractual commitment?
KUNG FU BING/KFB franchisees are typically required to sign up to a
10 year contract initially. The renewal length
is 10 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$213,540 to $475,750
which is
Much Lower
than the $0 to $0 average in the QSR industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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