Vogue Bubble Tea And Coffee Bar Franchise
Audited FinancialsRisk Score
Pending analysis
Investment Range
$180,900 - $330,250
Franchise Fee
$30,000
Min Cash Required
$16,000
Business Summary
Vogue Bubble Tea & Coffee Bar franchisees operate a coffee and bubble tea shop, offering a variety of coffee beverages and bubble tea products to the general public. The business operates from a physical facility and provides services on a year-round basis.
Corporate History
Vogue Bubble Tea & Coffee Bar operates under Vogue Enterprises, Inc., which was formed as a Texas Corporation on November 2, 2021. The company began offering franchises in 2022. Kari Stevens has served as the CEO since the company's inception and also holds the CEO position for its affiliate, Vogue Coffee Bar LLC.
Financial Overview
Investment Range
$180,900 - $330,250
Franchise Fee (Low)
$30,000
Franchise Fee (High)
$30,000
Minimum Cash Required
$16,000
Royalty %
6%
Marketing %
1%
Equipment Costs (Low)
$105,000
Equipment Costs (High)
$215,000
Working Capital
$24,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
Vogue Bubble Tea & Coffee Bar is a recently formed company with initial cash reserves and no reported liabilities, as it has not been in business for three years to provide full historical financial statements. The financial statements show $350,000 in cash and members' equity as of January 16, 2024. The independent auditors have issued an unqualified opinion on these financial statements, indicating they present fairly the financial position in conformity with accounting principles.
Financing Details
Vogue Bubble Tea & Coffee Bar does not offer any direct or indirect financing to its franchisees. The franchisor also does not guarantee any franchisee's notes, leases, or other obligations.
Performance Metrics
Total US Locations
0
Franchised Units
0
Corporate Units
0
Franchising Since
2022
Legal & Compliance Analysis
Recent Litigation
No
Bankruptcy
No
Litigation Summary
Vogue Bubble Tea & Coffee Bar has no litigation to report. Item 3 of the Franchise Disclosure Document explicitly states that there is no litigation required to be disclosed.
Bankruptcy History
Vogue Bubble Tea & Coffee Bar has no bankruptcy history to report. Item 4 of the Franchise Disclosure Document states that there is no bankruptcy information required to be disclosed.
Agreement Terms
Initial Term
10 years
Renewal Term
10 years
Renewal Conditions
To renew the franchise agreement, Vogue Bubble Tea & Coffee Bar franchisees must have fully complied with all material provisions of their current agreement throughout its term. They are required to make any necessary capital expenditures to maintain uniformity with the System's current standards, satisfy all monetary obligations owed to the franchisor or its affiliates, and not be in default of any agreement. Franchisees must provide written notice of their intent to renew between 9 and 12 months before the current term ends. Additionally, they must sign the franchisor's then-current franchise agreement (which may have materially different terms), comply with current franchisee qualifications and training requirements, and execute a general release of claims (as permitted by state law). A renewal fee of 25% of the then-current initial franchise fee is also required.
Training & Support Program
Franchisor Assistance
Before a Vogue Bubble Tea & Coffee Bar franchisee opens, the franchisor provides an initial training program and opening assistance and guidance. This includes help with establishing prices for products and services, specifications or approved supplier lists for equipment, signs, fixtures, initial inventory, and supplies. The franchisor also provides assistance to conform the premises to local ordinances and building codes, help with obtaining permits, and guidance in hiring and training employees. After opening, ongoing support includes advice, problem discussions, and general guidance via telephone and electronic correspondence. The franchisor also makes ongoing training available as deemed necessary and provides modifications to the Operations Manual.
Initial Training Hours
65
Training Location
Franchisee's location or designated franchisor training center
Ongoing Support
After opening, Vogue Bubble Tea & Coffee Bar franchisees receive ongoing advice, problem discussions, and general guidance by telephone and electronic correspondence. The franchisor also makes ongoing training programs, seminars, conferences, or webinars available as it deems necessary, with franchisees required to attend no more than two sessions per calendar year at their own expense.
Franchise Requirements
Ideal Candidate Profile
For those seeking to become area developers, Vogue Bubble Tea & Coffee Bar looks for qualified individuals based on their financial resources, experience in the industry, general business experience, and their marketing and sales plans. For single-unit franchisees, the document indicates the business owner or an approved manager must devote at least 40 hours per week to day-to-day operations.
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
retail
Owner Participation
supervisory
Territory Type
exclusive
Territory Size Requirements
Each Vogue Bubble Tea & Coffee Bar franchise territory normally includes a 3-mile radius around the franchisee's store, defined and approved by the franchisor using geographic regions, zip codes, or natural/political boundaries.
Staffing Notes
Vogue Bubble Tea & Coffee Bar franchisees are expected to operate the business with staff to assist in operations, and additional staff may be hired as the business grows. The franchisor provides assistance with hiring and training employees. The business must always be under the day-to-day supervision of the Owner/Operator or an approved manager who has satisfactorily completed the franchisor's training program. Franchisees are responsible for compensating their Designated Manager.