In today's world, consumers are looking to eat and drink healthier options when out of the home. One of the healthiest things you can drink is tea, which come with herbs and spices. If you are looking to cash in on the the booming health and retail sectors, then The Spice & Tea Exchange franchise could be for you. The franchise, which was founded in 2005 as Old Florida Spice Traders, became The Spice & Tea Exchange three years later in Florida. Since that time, the tea retailer has grown to more than 80 locations across the U.S. Prospective franchisees will enjoy the flexibility of absentee ownership and the brand's amazing culture. The Spice & Tea Exchange mission is to create and share the experience of a more flavorful life. As a franchise owner with The Spice & Tea Exchange franchise, you will appreciate the opportunity to be your own boss. Additionally, veterans are incentivized to invest in the brand with a 25% discount of off the franchise fee. Franchisees with the tea and spice retailer will enjoy the opportunity to cash in on two booming industries: retail and health and wellness.
As a franchise owner, you will appreciate the franchise's great support and training. In terms of support and training, franchise owners can expect an initial training program that is broken down into classroom and on-the-job instruction. Additionally, you'll be provided with marketing and advertising tools, grand opening and site selection assistance, and ongoing support and training. You can expect an initial investment that ranges between $194,659 - $395,250 and a franchise fee of $38,750.