The Spice & Tea Exchange - Franchise
The Spice & Tea Exchange® is the fastest growing retail franchise of gourmet spices, blends, teas, and gifts in the United States. If you have a passion for culinary exploration and want to own your own business, this may be the perfect opportunity for you!
What Does a The Spice & Tea Exchange Franchise Cost?
To buy a franchise with The Spice & Tea Exchange, you'll need to have at least liquid capital of $60,000 and a minimum net worth of $200,000. Franchisees can expect to make a total investment of $183,650 - $356,150. They also offer financing via 3rd party as well as a discount for veterans (Discounts on Total Franchise Fee). *
Requirements
Financial requirements for this franchise:
| Liquid Capital: | $60,000 What does Liquid Capital mean? |
|---|---|
| Net Worth: | $200,000 What does Net Worth mean? |
| Total Investment: | $183,650 - $356,150 What does Total Investment mean? |
Options
Options available to franchisees:
| Financing: | Via 3rd party |
|---|---|
| Training: | Available |
| Veteran Discount: | Discounts on Total Franchise Fee |
Franchisor Details
Facts about this franchise:
| Total Units: | 68 |
|---|---|
| Home Office: | Palm Harbor, FL |
| Year Founded: | 2008 |
Our Story
The Spice & Tea Exchange® was founded in 2008, by a group of talented individuals with a passion for life and food. What started as a small shop St. Augustine, Florida, has quickly grown into a nation-wide franchise powered by flavor, passionate franchise owners, and a desire to bring flavorful ingredients to your kitchen. Our franchise owners are the #1 REASON for what we do, and our team is a close-knit family you’d enjoy sitting with around the dinner table.
Through the years, we’ve grown exponentially with one mission in mind:
“To provide a unique spice, blend, salt, sugar and tea shopping experience; to generate excitement by immersing & educating our customers in rich, vivid sights, smells & tastes; and to share our passion for cooking and dining excellence.”
Ideal Candidate
- Passion for cooking and dining excellence
- Desire to engage guests and talk about your passion
- Basic business management knowledge and skills with a willingness to learn
- The attitude of a team player. In a franchise model, the franchisor and your neighboring franchisees all depend on you to protect and adhere to the system standards and methods the franchise company requires
- Willingness to master the art of being a leader, motivator, planner, organizer, strategist, community figure and much more
Investment
To be considered for a The Spice & Tea Exchange® franchise, potential franchisees are required to have a minimum of $60,000 in funds available to invest and a minimum net worth of $200,000.
The Spice & Tea Exchange® establishment packages vary depending on location and include a full line of opening inventory and necessary equipment needed for effective store operations.
Single Unit Investment
- Total Initial Investment Range: $183,650 - $356,150
- Initial Franchise Fee: $37,750
- Establishment Package Range: $85,000 - $115,000
- Build Out Range: $40,000 - $150,000
Multi-Unit Investment
Area Development Program options are available based on a scaled pricing structure. Contact a Franchise Development Representative for more information.
The Spice & Tea Exchange® has established relationships with several lenders that can provide very competitive terms and rates for qualified individuals. We are an Approved Vendor with the SBA, a member of FranRegistry and proud to offer qualified veterans a discount of 25% off the franchise fee. Unit Franchise and Local Area Development opportunities available. Contact one of our Franchise Development Team Members for more information.
Key Location Ingredients
- 800 – 1,100 square feet as an optimal store size
- Shopping/dining district with high foot traffic
- An area that is poised for growth and local area development
Store Support
We believe that investing time in our franchisees is KEY to a successful franchise system. From start to finish, our experienced training staff is working with you from store development throughout your franchise lifetime.
No culinary experience necessary! As a part of our franchise system, you will have access to professional and experienced field consultants, in-house and on-site operations training, virtual training, and education libraries to assist you on your franchising journey.
We invite you to …. Come In and Smell the Spices!®
Video
Awards
The Spice & Tea Exchange has received the following awards and acknowledgements:
2014 Tampa Bay Fast 50; 2015 INC 5000 #4949; 2015 Franchise 500 Ranked #375; 2016 INC 5000 #4059; 2016 Franchise 500 Ranked #412; 2017 Franchise 500 Ranked #240; Entrepreneur Top 200 Food & Restaurant Franchises - #6 Retail Foods: 2018; 2018 Franchise 500 Ranked #279; Entrepreneur Top 200 Food & Restaurant Franchises - #8 Retail Foods: 2019; 2019 Franchise 500 Ranked #392
Availability
The Spice & Tea Exchange is currently accepting inquiries from the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, 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 $60,000 in liquid capital to invest.
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