
The Spice & Tea Exchange
Spices, teas, related products- Units as of 2020
-
73 (17 added in 3 years)23.3%
- 2021 Franchise 500 Rank
-
#312 Ranked #442 last year
- Initial investment
-
$184K - $384K
Company Overview
About The Spice & Tea Exchange
- Industry
- Food
- Related Categories
- Miscellaneous Food/Beverage Businesses, Miscellaneous Retail Businesses
- Founded
- 2008
- Parent Company
- The Spice & Tea Exchange Holdings LLC
- Leadership
- Amy Freeman, CEO
Franchising Overview
- Franchising Since
- 2008 (13 years)
- # of employees at HQ
- 47
- Where seeking
-
This company is seeking new franchisees throughout the US.
- # of Units
- 73 (as of 2020)
Information for Franchisees
Here’s what you need to know if you’re interested in opening a The Spice & Tea Exchange franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
- Initial Franchise Fee
- $37,750
- Initial Investment
- $183,650 - $384,250
- Net Worth Requirement
- $250,000
- Cash Requirement
- $80,000
- Veteran Incentives
- 25% off franchise fee
- Royalty Fee
- 7%
- Ad Royalty Fee
- 1%
- Term of Agreement
- 10 years
- Is franchise term renewable?
- Yes
Are you unsure which franchise is right for you? Are you unsure which franchise is right for you?
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
- Third Party Financing
- The Spice & Tea Exchange has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, payroll
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
- On-The-Job Training
- 74-106 hours
- Classroom Training
- 28-49 hours
- Ongoing Support
-
NewsletterMeetings & ConventionsGrand OpeningOnline SupportSecurity & Safety ProceduresLease NegotiationField OperationsSite SelectionProprietary SoftwareFranchisee Intranet Platform
- Marketing Support
-
Ad TemplatesNational MediaRegional AdvertisingMarketing Planning & SupportSocial MediaSEOWebsite DevelopmentEmail MarketingLoyalty Program/App
Operations
Additional details about running this franchise.
- Is absentee ownership allowed?
- No
- Can this franchise be run from home/mobile unit?
- No
- Can this franchise be run part time?
- No
- # of employees required to run
- 3
- Are exclusive territories available?
- Yes
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Franchise 500 Ranking History
Compare where The Spice & Tea Exchange landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where The Spice & Tea Exchange ranked on other franchise lists? Find out below.
Franchise 500 Ranking
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