Looking for a business opportunity in the tea market? That would be a good investment as tea is the second most widely consumed beverage in the world following only water! The U.S. is the world’s leading tea importer.
Tea Industry Opportunities
If you want to run a business in the tea industry, you’re most likely looking at a tea house or a retail store. A tea house is much like a coffee shop where you carry different blends of tea and serve them to customers. In the retail tea business, you sell tea for customers to brew at home.
As a tea lover, choosing the right kind of tea business opportunity will depend on a few things. Let’s take a look at how a tea house and tea retail compare in a few areas:
The Main Service
With both businesses, you will be serving the public. A tea house offers more of a restaurant-style service, while a retail shop is more of an educational and conversational service. Think about the kind of interaction you want to have with customers because that will be the majority of how you spend your day. It will also give you an idea of how many people you will need to hire, given the time spent selling the product.
Revenue Streams
Your goal with a tea business opportunity is to have multiple ways to earn revenue. In a tea house, that might mean offering individual teas, boxes of tea, and some retail elements. In a retail tea store, you’ll have a wide variety of products, but you might also offer tea ceremonies or tastings, prepare gift baskets for special occasions, and even take a smaller version of the store to a farmer’s market or other community event. That can affect how many people you’ll need to hire.
When evaluating a tea business opportunity, take a closer look at how many ways there are to earn revenue.
Meet The Spice & Tea Exchange
The Spice & Tea Exchange is a tea franchise that offers tea lovers the best opportunity to work in the tea industry. We are a retail and food franchise with over 675 products! Our store owners offer customers an alternative to coffee, with teas brewed for relaxation, antioxidants, and other self-care needs, all with a tremendous variety of flavors.
Part of our franchise model is hosting tea tastings, dinner parties, and culinary demonstrations that are often hosted with chefs or local celebrities and can take place at spas and other unique venues. We participate in farmers’ markets and local community gatherings – we are a business that exists easily beyond the walls of our brick-and-mortar store.
What Your Store Will Offer
A Pew Research Center survey found that only 51% of Americans are extremely or very satisfied with their job overall. When you become a business owner with us, you have a business you’ll look forward to opening every day.
Our franchise model includes a full-service tea bar, over 225 premium spice blends and herbs, more than 45 exclusive loose-leaf teas, and sea salts and infused sugars. We have also curated recipe kits, gourmet gifts, and kitchen accessories that complement the core of the tea business. Finally, we see tea as a wellness product with organic teas, immunity-boosting teas, and soy candles as our part of the wellness space.
Never Owned a Business? No Problem!
When we created The Spice & Tea Exchange franchise, we knew that people who love tea might not be coming from a business background. Our team created a model that supports franchisees every step of the way, including marketing, inventory management, and IT support – everything it takes to reach your fullest potential.
The other thing that makes us a little different in the franchise world is that not only are we a franchisor, but we’re also the primary distributor to our locations. This allows us to be directly connected to the needs of the marketplace, which helps us spot opportunities to elevate the business of our franchisees.
Being aware of new trends and opportunities means we offer what the market wants. It also means there are always new products and flavors in the store. One of the biggest benefits for the store owner is that instead of managing hundreds of vendors and hoping to have the latest flavors, our franchisees work with one vendor – and all the product they receive has been quality controlled and tested for optimal flavor.
A Few Special-tea Facts
Here are a few details about The Spice & Tea Exchange that might pique your interest in becoming a franchisee:
● We have nearly 100 franchise owners
● Within 12-24 months, 44% of our single store owners go on to i in second and third stores
● Our estimated initial investment is $194,650-$395,250 with 70% gross margins
Explore Tea Franchise Opportunities with Us!
You can work in the tea industry, or you can own a piece of it as a franchisee with The Spice & Tea Exchange. Request franchise information today and let’s get a conversation going about what you want in your future and how we can be a part of it.
