Teapioca Lounge FDD – Franchise Information, Costs and Fees
Type of Business
The franchise described is known as “Teapioca Lounge”®. Teapioca Lounge is involved in the business of training people through two comprehensive courses to open their own businesses providing high quality Boba and Bubble tea products and other dessert drink confections. Teapioca Lounge Franchisees provide high quality teas, smoothies, iced products, and other dessert drink confections to customers in a modern lounge setting.
Corporate Information
Teapioca International, LLC was organized as a Limited Liability Company in Texas on January 1, 2015. Their principal business address is 1700 West Parmer Lane, Suite 210, Austin, TX 78727. They have offered franchises since January 15, 2015.
Investment
The total investment necessary to receive the initial desert drink and food service business and industry training as well as the initial required opening expenses for the select trainees that become an Teapioca Lounge single unit franchised business is $231,300 to $419,100. The initial fee includes $10,000 preliminary course fee, that must be paid to the franchisor for the site selection training manual and course training; and $24,000 for the business establishment course fee, that must be paid to the franchisor for the desert drink and food service business and industry training manual and associated training to secure your chosen territory.
The total investment necessary to begin operation of a Teapioca Lounge Area Development franchise business is $291,140 to $574,140. This includes the fees for the first unit and the development fee for all additional units that you are agreeing to open over time. The development fee must be paid to the franchisor at the time you sign the first ongoing franchise agreement.
View the 2020 Teapioca Lounge FDD