HTeaO Franchise Cost, Profit & Opportunities

Are you a tea enthusiast interested in starting your operations?

With HTeaO’s franchise offer, you can realize your objectives by joining a growing and thriving tea brand. HTeaO has established itself as a respected tea franchise with rich tea blends.

HTeaO Franchise Startup Cost, Profit & Opportunities

We’ve discussed HTeaO’s franchise offering with relevant information on joining. These include financial requirements, how to enroll, training & support, and other vital information.

All you have to do is read along to understand how to proceed clearly.

HTeaO Franchise Overview

HTeaO opened its first iced tea outlet in 2018 in Midland, TX, serving its ultra-premium tea, water, and a range of menu items like pink lemonade, root beer, sweet almond green, and sweet coconut, amongst many others.

HTeaO ventured into franchising in 2018, with appreciable growth achieved over the years. Today, the company has over 60 franchise units with ambitious plans of further expanding to new locations.

As a franchise candidate, you might want to explore this opportunity to see if it’s right for you.

Is HTeaO Available in my Location?

One of the first questions asked by franchise candidates has to do with franchise availability.

HTeaO seeks franchise partnerships in several states, including Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, the District of Columbia, Delaware, Florida, Georgia, and Iowa.

The HTeaO franchise opportunity is also available in Idaho, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Missouri, Mississippi, and Montana.

North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, and Oregon are more states with HTeaO availability.

The states of Pennsylvania, South Carolina, Tennessee, Texas, Utah, Vermont, West Virginia, and Wyoming are other locations where this franchise offering is available.

How about other states not included above? You’ll need to contact the franchisor to find out.

Financial Requirements & Ongoing Fees

As a franchise candidate seeking to join HTeaO’s system, you must meet all its financial requirements. This includes an initial investment of $235,200 to $1,586,500. Franchise candidates are required to provide an initial franchise fee of $40k.

What more? To qualify as an HTeaO franchisee, you must have a net worth of $500k to $1M and meet the franchise cash requirement of $100k to $250k. Net worth is the value of your assets, excluding liabilities.

Any of these is considered an asset; stocks, cash, real estate, and retirement accounts. In the case of liabilities, these will include credit card debt, car payments, and mortgages. HTeaO requires franchisees to pay their royalty and ad royalty fees of 6% and 2%, respectively.

These fees are a percentage of weekly or monthly gross sales. A more detailed breakdown of this and other financial requirements is provided in the franchise disclosure document (FDD) issued to qualified franchisees during the application process.

HTeaO Franchise Financing and Veteran Incentive Provisions

Does HTeaO offer any financing to franchise candidates or incentives to veterans? In the case of funding, there are no in-house provisions.

However, HTeaO maintains relationships with third-party financing sources, which will readily offer to finance covering certain vital areas of operations.

Such areas include inventory, startup costs, payroll, franchise fees, equipment, and accounts receivable.

As a veteran, you can enjoy HTeaO’s veteran incentive program that offers a 10% discount on the franchise fee. This is a gesture aimed at appreciating veterans for their honorable service.

HTeaO Franchise Term and Renewal

Every franchise has a designated term after which the agreement may be renewed or concluded.

In the case of HTeaO, franchisees are offered a renewable 10-year period. However, renewal isn’t always automatic, as you need to have met certain expectations.

You might need to make further inquiries if you have questions on this.

By asking the right questions, you know what needs to be done to get a term renewal. Plus, you also get to see if you can withdraw at any point before the term expires.

HTeaO Franchisee Support

As a prospective franchisee seeking to join HTeaO’s system, it’s essential to know about the kinds of support offered.

These are categorized into 3: training, marketing, and ongoing support. HTeaO offers on-the-job training that lasts 60 hours, while its classroom training session lasts 30 hours.

Marketing support covers critical areas like website development, email marketing SEO, and ad templates. Regional advertising, national media, social media, and cooperative advertising offer more marketing support.

In the case of ongoing support, HTeaO offers complete access to its franchisee intranet platform, field operations, and site selection.

You also get periodic newsletters, a toll-free line, online support, grand opening support, use of its proprietary software, and purchasing co-ops.

Joining HTeaO’s Franchise System

If you think this opportunity suits you, you can proceed to the application process by completing the online application form at the top of its franchise page.

The record captures basic and relevant information like your name, email, phone number, and where you’d like to open your store.

Other details include information on how you heard about the opportunity, your net worth, and liquid capital or available cash.

Upon submitting the form, you go through a qualification and approval stage, followed by site evaluation & selection, as well as construction & development.

The launch of the business follows. You’re also offered all the support you need to succeed in your operations. With that said, let’s proceed to discuss each of the steps mentioned for more clarity briefly.

i. Qualification & Approval

As mentioned earlier, filling and submitting the online form takes you to the qualification & approval stage. An initial phone interview is scheduled where the franchisor learns more about you.

This also gives you a chance to ask questions.

As part of completing the application, you’ll also need to review the FDD issued to you. The franchise development team at HTeaO invites you to attend a discovery day, after which the franchise agreement is signed and the franchise awarded.

ii. Site Evaluation & Selection

In the case of site evaluation & selection, a whole range of processes is involved, including attending HTeaO’s franchise partner orientation program.

Initial site evaluation & demographic research is made, and submitting site application follows. This leads to eventually securing the site through lease or purchase.

iii. Construction & Development

Here, the next step is constructing and developing your HTeaO franchise outlet. The processes include preparing architectural plans, obtaining permits, building, and getting the certificate of occupancy.

iv. Operational Launch

Before launch, you must attend the franchisor’s Tea Education Academy (T.E.A). Next, hiring and on-site training is required before the grand opening.

Your desire to join the HTeaO franchise system can be achieved by following the guideline provided above.

While this information is critical to getting it right, you’ll visit the franchisor’s website for a more detailed guide on proceeding with franchise ownership.