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Choosing a Location

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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®.

Some “key ingredients” to keep in mind:

  • A destination which receives 1 million visitors/tourists a year
  • 800 – 1,100 square feet as an optimal store size
  • Location in a tourist shopping/dining district with high foot traffic
    • Ex: historic downtowns with eclectic & boutique tenants and specialty shops such as ice cream, candy and other unique options
  • An area that is poised for growth and local area development
  • Community drivers such as art fairs, annual community events and festivals

Marketing Area

Each of our The Spice & Tea Exchange® franchises are given a specific marketing area (radius) in which you may advertise your store. This is determined by a number of factors, including: population density, foot traffic, and nearby tourist attractions. There may be opportunity to partner with a neighboring Franchisee to combine marketing efforts for greater brand awareness.


On The Map

mickeys-pantry-disney-springs-spiceandteaThe 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.

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