About The Spice & Tea Exchange
The Spice & Tea Exchange® Mission: “Creating & sharing the experience of a more flavorful life.”
The Spice & Tea Exchange® was founded in 2008 by a group of talented individuals with a passion for life and food. Our mission statement “Creating & sharing the experience of a more flavorful life,” is the cornerstone by which our company which strives to provide guests with quality products and flavorful memories.
With a wide selection of seasonings for any food lover and dozens of choices for any tea enthusiast, it’s easy to Find Your Way To Flavor!® within a The Spice & Tea Exchange® store. The Spice & Tea Exchange® offers more than 140 spices, over 85 exclusive hand-mixed blends, 16 naturally-flavored sugars, an array of salts from around the world, and more than 45 exotic teas. We focus on providing high quality products and accessories to home cooks, chefs, and tea lovers in an old-world spice traders’ atmosphere.
With the help of our executive team, managing partners, and dedicated corporate team members, The Spice & Tea Exchange® (TSTE®) has been franchising since 2008, and has celebrated 65+ store openings in 27 states in just a few years!
Franchises are available in many U.S. states and territories, which may include your home town! This is an opportunity to join a distinctively different and exciting business venture at a time when our potential is virtually unlimited. It is our mission to provide each The Spice & Tea Exchange® franchise with the highest standards of assistance, training, and support; from our first conversation, to build-out and store preparation, and throughout their existence.
OUR FRANCHISEES
The Spice & Tea Exchange® Franchising, LLC awards franchises to individuals willing to work within our proven system and commit to the highest standards in customer service, community relations, and business. In each area of interest, a candidate is evaluated carefully. We invite anyone who shares our passion for food, tea, and creativity in the kitchen to contact us for an opportunity to learn more!
No culinary experience necessary! As a part of our franchise system, you will have access to professional and experienced field consultants, virtual, in-house, and on-site training throughout the franchise development process.
Company Founded
2008
Current Leadership
Amy Freeman, CEO
Started Franchising
2008 (13 years)
Total Number of Units
73 (as of 2020)
Part-Time / Full-Time
Full Time
How Much Does It Cost To Open A The Spice & Tea Exchange Franchise?
There are several costs associated with opening a The Spice & Tea Exchange franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a The Spice & Tea Exchange franchise. The weekly fee for opening a The Spice & Tea Exchange franchise is Royalty Fee Is Due On The Payment Day Of Each Accounting Period.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (The Spice & Tea Exchange Is Renewable) and does the franchise offer financing support (The Spice & Tea Exchange The Spice & Tea Exchange has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, payroll).
The Spice & Tea Exchange Company Details
Here are some additional details about The Spice & Tea Exchange.
| Parent Company | The Spice & Tea Exchange Holdings LLC |
| Initial Investment | $37,750 |
| Net Worth Requirement | $250,000 |
| Veteran Incentives | 25% off franchise fee |
| Royalty Fee | 7% |
| Ad Royalty | 1% |
| Cash Requirement | $80,000 |
| Term of Agreement | 10 years |
| Absentee Ownership | No |
| Run from Home | No |
| Part Time | No |
Training and Support Offered By The Spice & Tea Exchange
The Spice & Tea Exchange offers several support options to its franchisees. With 73 (as of 2020) units, The Spice & Tea Exchange aims to provide support to each franchise owner to help them operate a successful franchise location. The Spice & Tea Exchange offers 74-106 hours on the job training, 28-49 hours classroom training, and No additional training.
Training and Support Offered
Here are the support options offered by The Spice & Tea Exchange.
| On-The-Job Training | 74-106 hours |
| Classroom Training | 28-49 hours |
| Additional Training | No |
| Ongoing Support |
|
| Marketing Support |
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Is The Spice & Tea Exchange Right For You?
The Spice & Tea Exchange has gone digital! Here are all of the ways you can find The Spice & Tea Exchange online. Oftentimes, you can reach out to current franchisees of The Spice & Tea Exchange online. Current franchisees may be able to offer personalized insights into what it is like owning a The Spice & Tea Exchange franchise and offer tips to running a successful The Spice & Tea Exchange franchise location.
Why Should You Start a The Spice & Tea Exchange Franchise?
Investing in a Food franchise such as The Spice & Tea Exchange can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about The Spice & Tea Exchange franchise and we'll be in touch soon!
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