2/10

Franchimp Summary Rating

3 /10
Higher than 72% of peers

Franchise Summary

Description
The franchise offered in this Franchise Disclosure Document is for the operation of a retail shop selling a variety of bubble tea, brew tea, and other hot and cold drinks.
Corporate Structure
I’Milky Franchise Group Inc. is a Delaware Corporation formed on January 9, 2020. Our principal business address is 992 Avenue of the Americas, New York, NY 10018. We operate under our corporate name, “I’Milky.” We do not conduct business under any other name. We offer and support franchises for the I’Milky Business, and have done so since August 2020. We have not offered and do not offer franchises in any other line of business and do not own or operate any I’Milky Businesses.
Investment and Franchisee Fees
The total investment necessary to begin operation of an I’Milky shop (hereinafter, the “I’Milky Business” or “Business”) is between $149,315 and $542,500. This includes an initial franchise fee of $35,000 that must be paid to us or our Affiliates. The total investment necessary to begin operation of an I’Milky Area Development Program (as defined below) for two to four I’Milky Businesses is between $184,315 and $612,500, including the initial franchise fee of $35,000 for your first location and a non refundable deposit of $17,500 for each additional franchise to be developed in addition, which must be paid to us or our Affiliates. You must also pay a reduced franchise fee of $17,500 for each franchise that must be paid to us or our affiliates when the Franchise Agreement is executed for each additional location

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

FAQ

How much investment do I need to start my own I'Milky business?
Franchisees typically require at least $149 to $612 investment to get their I'Milky business started
What are the initial franchise fees for I'Milky?
Franchisees typically need to pay at least $35 in fees directly to I'Milky in order to earn the right to launch their business
How much money can I make with a I'Milky franchise? What are the average revenues for a typical I'Milky business?
We haven’t done the math on how much revenue a typical I'Milky brings in each year. We estimate that other franchisees in the Food & Beverage industry generate $1,201,697 revenue, so we would expect I'Milky to generate a similar amount
How long do I need to commit to running a I'Milky unit? What is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

3 /10
The Franchisor's investment costs ranges from $300,000 to $720,500 which is Much Higher than the $0 to $0 average in the Cafes & Coffee Shops 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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