|Net Worth Required:||$150,000|
|Total Investment:||$220,000 - $375,000|
|Financing:||Via 3rd party|
|Year Founded:||2010||Home Office:||Austin, TX|
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.
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
Our goal is for you to succeed. With four levels of training, you won’t have to worry about getting up to speed.
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.
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.
If we’ve intrigued you, submit a request below, and a member of our Franchise Development Team will contact you within one business day.
Teapioca Lounge is currently accepting inquiries from the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington, D.C., West Virginia, Wisconsin, Wyoming.
Interested parties should have at least $70,000 in liquid capital to invest.Request Information