5/10

Franchimp Summary Rating

8 /10
Lower than 21% of peers

Franchise Summary

Description
The franchise described is known as “Teapioca Lounge”™ (“TPL”). TPL is involved in the business of providing high quality Boba and Bubble tea products and other dessert drink confections. TPL franchisees provide high quality teas, smoothies, iced products, and other dessert drink confections to customers in a modern lounge setting.
Company Background
Teapioca Lounge is the premiere destination for boba drinks in North America. The company offers a modern lounge setting to enjoy high quality Boba and Bubble teas products, as well as other dessert drink confections. With locations all over the country, Teapioca Lounge is your go-to spot for delicious drinks that will make you smile.
Franchise Opportunity
Despite the fact that Boba and Bubble teas have been popular for years, there are only a small number of outlets in North America where consumers can purchase these products. TPL is opening new locations across North America to meet this demand by providing high quality Boba and Bubble teas products. This will allow more people to enjoy our delicious drinks while relaxing at one of our modern lounges. We invite you to join us as we open new locations across North America! As an owner/operator of a Teapioca Lounge(TM) franchise, you'll be able to offer customers in your community the highest quality beverages available anywhere! You'll also be part of the fastest growing segment within the beverage industry. Our product line has grown from its humble beginnings into over 100 different flavors today! How cool is that?!?
Corporate Structure
TEAPIOCA INTERNATIONAL, LLC was organized as a Limited Liability Company in Texas on January 27, 2015. Their principal business address is 1700 West Parmer Lane, Suite 210, Austin, TX 78727. They do business under our company name and the names “TPL”, “TPI”, “TEAPIOCA INTERNATIONAL” and “Teapioca Lounge”. They have offered franchises since April 1, 2015.
Investment and Franchisee Fees
The total investment necessary to begin operation of a TPL Single Unit franchised business is $205,500 to $351,100. This includes a Franchise Fee of either $20,000 for a Food Court location or $25,000 for a Retail Location to secure your chosen territory. This includes a $10,000 Preliminary Agreement Fee that must be paid to the franchisor which will be credited towards Your Franchise Fee. They also offer an Area Development Agreement for 3, 5, and 7 unit development options. The total investment necessary to begin operation as a TPL Area Developer is $224,100 to $408,100. This includes paying the Initial Franchise Fee on the first unit plus a down payment equal to 50% of the discounted Initial Fees for each additional franchise unit in the Development Schedule.

Earnings Transparency

1 /10
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Employee Contact Database

# Name Position Phone Number Email Address

Teapioca Lounge Franchise System Development in 2021

FAQ

How much investment do I need to start my own Teapioca Lounge business?
Franchisees typically require at least $310 to $619 investment to get their Teapioca Lounge business started
What are the initial franchise fees for Teapioca Lounge?
We don't know exactly how much the franchise fees are for Teapioca Lounge, but we can tell you that other franchises in the Food & Beverage sector typically need to pay between $12,947 and $18,635 to the franchisor
How much money can I make with a Teapioca Lounge franchise? What are the average revenues for a typical Teapioca Lounge business?
We haven’t done the math on how much revenue a typical Teapioca Lounge brings in each year. We estimate that other franchisees in the Food & Beverage industry generate $1,201,697 revenue, so we would expect Teapioca Lounge to generate a similar amount
How long do I need to commit to running a Teapioca Lounge unit? What is my contractual commitment?
Teapioca Lounge 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

8 /10
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

Franchises in the Same Industry

Popular Franchises

Is this your Franchise?

Update your profile with photos, videos, useful information, and start connecting with prospective franchisees today

CLAIM THIS FRANCHISE