Teapioca Lounge - Franchise
Teapioca Lounge is a destination for people of all ages to enjoy some of the best tasting drinks and desserts, including the popular Taiwanese snow ice desserts and a range of different teas. Our vision is to produce an ambiance where people belonging to all age groups can feel at home, and enjoy some of the latest technology and entertainment.
Requirements
Financial requirements for this franchise:
| Liquid Capital: | $75,000 What does Liquid Capital mean? |
|---|---|
| Net Worth: | $150,000 What does Net Worth mean? |
| Total Investment: | $220,000 - $375,000 What does Total Investment mean? |
Options
Options available to franchisees:
| Financing: | Via 3rd party |
|---|---|
| Training: | Available |
| Veteran Discount: | Veterans/First Responders: Standard $25,900, Commercial $45,500 |
Franchisor Details
Facts about this franchise:
| Total Units: | 3 |
|---|---|
| Home Office: | Austin, TX |
| Year Founded: | 2010 |
What Does a Teapioca Lounge Franchise Cost?
To buy a franchise with Teapioca Lounge, you'll need to have at least liquid capital of $75,000 and a minimum net worth of $150,000. Franchisees can expect to make a total investment of $220,000 - $375,000. They also offer financing via 3rd party as well as a discount for veterans (Veterans/First Responders: Standard $25,900, Commercial $45,500) . *
Do you want to be in the business of making people happy? Want to provide a unique, family-friendly atmosphere, while offering quality refreshments that keep patrons coming back for more? You’ve just stumbled across an emerging gem.
A Tasty Tale
Teapioca Lounge first opened its doors in 2010 in the Austin, TX area. Knowing the deliciousness of bubble teas, and thinking they could make something new of an old favorite by incorporating other thirst-quenching concoctions and a fun yet homelike atmosphere, made it a no-brainer. Our vision is to create an atmosphere where people of all ages can enjoy, not only a wide array of refreshments, but also feel at home enjoying the company of new and old friends.
Adapting and growing with the demand of quality drink options and technology, keeps customers lounging longer, and coming back time after time. Come in any day and find all age groups sitting around, enjoying one of our featured refreshments, while taking advantage of Wi-Fi, board games, televised events, and the constant integration of new technologies, like our new mobile app.
Sensible Sip
Royalty Fee: 5%
National Marketing Fund: 1-2%
Local Marketing Fund: $250/mo.
Initial Franchise Fee: $20,000 - $25,000
Total Estimated Initial Investment: $217,500 - $369,100
Minimum Liquid Capital: $65,000
Sweet Relief
Our goal is for you to succeed. With four levels of training, you won’t have to worry about getting up to speed.
- Pre-Training and Initial Training
- Practical Application at our Headquarters in Austin, TX
- On-The-Job training at your location, including Soft & Grand Opening Programs
We will also be there for you after you open your doors. In addition to keeping up the website and Social Media sites and applications, and providing advertising and promotional materials, we will advise and offer guidance, for starters.
Ideal Candidate
We are seeking new members of our franchise family, who can build relationships, lead a team, and who has the motivation to excel! Especially qualified candidates will be outgoing and have sales, marketing, and/or management experience, and are results oriented. You must have a minimum of $75k in liquid capital, and be ready to make a full-time commitment.
Learn More
If we’ve intrigued you, submit a request below, and a member of our Franchise Development Team will contact you within one business day.
Availability
Teapioca Lounge is currently accepting inquiries from the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $75,000 in liquid capital to invest.
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