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Choosing a Location

Spartanburg, SC

As potential franchisees begin their discovery process, we work with them to evaluate their preferred location and the surrounding areas, ensuring that we identify the area with the highest possibility of success. We lend support in every step of the location selection process. From working with your Real Estate Agent to help identify locations, input into your negotiations on behalf of the Franchisor, to the final step in the site selection process, on-the-ground site approval by The Spice & Tea Exchange®.

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

The Spice & Tea Exchange® concept thrives in high-traffic tourist areas, which attract guests looking for an interactive, and entertaining, experience. The Spice & Tea Exchange® is currently located in Disney Springs® (Mickey’s Pantry), at Walt Disney World® in Orlando, FL.

In addition, The Spice & Tea Exchange offers mall market support and development within malls and outlets. While stores do not differ greatly in these areas, these builds typically have a more robust set of requirements and approvals needed to meet mall management specifications.

The Spice & Tea Exchange® is currently accepting applications of interest for all states within the United States and District of Columbia.  

 

Testimonial

“When you look back at your opening day as compared to a year later, you will be amazed at the knowledge you gain, and it couldn’t happen without the tremendous support of the team at the TSTE® home office and distribution center…The first 18 months of being a TSTE® Franchisee has been so gratifying that I am now looking at opening another store.”

– Bill Oakley, Bentonville

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 net worth of at least $200,000.

Single Unit Investment

  • Initial Franchise Fee: $37,750
  • Establishment Fee: $104,900 (The Spice & Tea Exchange® establishment package includes, but is not limited to, a full line of opening inventory and necessary equipment needed for effective store operations)
  • Construction: varies from $40,000 – $150,000
  • Total Initial Investment: ranges from $200,550 – $356,150

Multi-Unit Investment

Area Development Program options are available based on a scaled pricing structure. Contact a Franchise Development Representative for more information.

Benefits of Multi-Unit /Area Ownership:

  • Brand Management tools which allow franchisees to manage franchise locations with ease
  • Leveraged buying power for multiple locations
  • Marketing area co-operative advantages
  • TSTE® technologies and infrastructure which provide visibility needed to manage operations remotely
  • Cross-training and staffing capabilities

The Spice & Tea Exchange® has established relationships with 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.


Interested in learning more? Get in touch!
Click the hang tag at the top of this page to complete our inquiry form or reach out to us at franchising@spiceandtea.com or 727-786-6644.

Testimonial

“When you look back at your opening day as compared to a year later, you will be amazed at the knowledge you gain, and it couldn’t happen without the tremendous support of the team at the TSTE® home office and distribution center…The first 18 months of being a TSTE® Franchisee has been so gratifying that I am now looking at opening another store.”

– Bill Oakley, Bentonville

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franchising@spiceandtea.com | 727-786-6644