The Spice & Tea Exchange

The Spice & Tea Exchange

Spices, teas, related products
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2021 Franchise 500 Rank
#312 Ranked #442 last year
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Initial investment
$184K - $384K
Units as of 2020
73 30.4% over 3 years

Company Overview

About The Spice & Tea Exchange

Industry
Food
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
# of Units
73 (as of 2020)

Franchisor Information

Corporate Address
2708 Alt. 19 N., #500
Palm Harbor, FL 34683

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

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
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
National Media
Regional Advertising
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
Yes
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
3-5
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where The Spice & Tea Exchange landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021