Sharetea Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$12,000
Investment required
$387,000 - $492,000
Royalty fee
6.00%

Sharetea: Authentic Taiwanese Bubble Tea Franchise

Founded in 1992 in Taipei, Taiwan, Sharetea specializes in authentic bubble tea beverages. The company began franchising in 2010 and has expanded to over 450 locations across 13 countries.

Sharetea offers a diverse menu, including classic milk teas, fruit teas, and ice-blended drinks, all crafted with high-quality ingredients sourced directly from Taiwan.

Sharetea distinguishes itself by maintaining traditional Taiwanese tea-making techniques, ensuring authentic flavors in every cup.

The franchise provides comprehensive training and ongoing support to franchisees, promoting consistent quality and customer satisfaction. With a focus on innovation and authenticity, Sharetea continues to grow, bringing the rich culture of Taiwanese bubble tea to a global audience.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Franchise Fee $12,000 - $13,500
Technology Transfer Fee $19,200 - $21,600
Opening Support Fee $7,200 - $8,100
Design and Floor Plan Fee $9,600 - $10,800
Refundable Security Deposit $10,000
Minimum Royalty Fee $3,600
Related Personnel Cost for Initial Training $6,300
Additional Training $0
Equipment $30,000 - $42,000
Utensils $2,500 - $3,300
Rent for the Tea Shop $2,000 - $10,000
Rent for Warehouse $0 - $5,000
Renovation $200,000
Opening Inventory $40,000 - $43,000
Licenses, Permits, Fees and Deposit $12,000
Point of Sale System $1,500
Office Equipment & Supplies $1,500
Uniforms $3,000
Insurance $4,500 - $15,000
Advertisement $2,000
Additional Funds – 3 Months $20,000 - $80,000
Total Cost $386,900 - $492,200

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Number of units

2023
Franchised units

99

124

146

Company-owned units

0

0

0

Total units

99

124

146

Franchise Disclosure Document

Training

Sharetea provides an initial training program for franchisees and their designated representatives. This program is mandatory and must be completed successfully before opening a new Tea Shop. The training includes two main phases:

  1. Initial Training: Conducted at the Tea Shop or another designated location, focusing on Sharetea's operations manual, covering management techniques, customer service, and operational standards.
  2. On-Site Pre-Opening Training: Held at the franchise location to ensure the team is prepared for the opening and understands daily operations.

Franchisees are responsible for covering salaries, accommodations, and travel expenses for themselves and their employees during the training. Sharetea may also require retraining at the franchisee's expense if operational standards are not met initially. The training ensures franchisees are well-versed in all aspects of running a Tea Shop efficiently.

Territory Protection

Sharetea offers its franchisees a form of limited territory protection. For traditional locations, franchisees are granted a "Protected Territory," which is defined as the smaller area within a 7-mile radius of the franchise location or within the same zip code, city, or county.

Within this Protected Territory, Sharetea will not establish another franchise or company-owned location, ensuring a degree of market exclusivity. However, this protection does not extend to non-traditional locations such as airports, major shopping malls, or food courts, where Sharetea reserves the right to operate or grant franchises.

Additionally, the territorial rights are conditional upon the franchisee's compliance with the franchise agreement. This approach aims to balance franchisee exclusivity with the franchisor's growth strategy.

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