Feng Cha franchise
A Feng Cha franchisee runs a shop serving bubble tea, coffee, smoothies, juices, cakes and desserts. At the end of 2025 there were 88 Feng Cha locations in the US, 87 franchised and 1 company-owned.
- Cost to open
- $207K–$583K
- Franchise fee
- $30,000
- Royalty
- 5%
- Locations, 2025
- 88+40 in 3 yrs
Compare with similar brands Estimate your costs
Company snapshot
- SBA loans
- On the SBA Franchise Directory
From CANNECT, LLC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
How much a Feng Cha franchise costs
Opening one standard shop costs an estimated $206,925 to $582,710. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: CANNECT, LLC, 2026 filing, page 23
Feng Cha franchise fee
The franchise fee is $30,000. You pay it when you sign the franchise agreement.
Source: CANNECT, LLC, 2026 filing, page 10
Royalty and ongoing fees
| Royalty | 5% of gross revenue, currently paid monthly; the franchisor may change collection to weekly on notice. |
|---|
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: CANNECT, LLC, 2026 filing, page 13
Sales and earnings
Shares figures Feng Cha publishes sales or earnings figures for its locations: 2025 gross revenues for 74 franchisees that operated throughout the reporting year. The full tables, with notes on which locations are counted, are in its filing.
Source: CANNECT, LLC, 2026 filing, page 59
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2023 | 72 (+25) | 0 | 0 |
| 2024 | 78 (+6) | 1 | 9 |
| 2025 | 87 (+9) | 1 | 4 |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
Source: CANNECT, LLC, 2026 filing, page 60
How Feng Cha compares
Of the 12 smoothie franchises on this site, Feng Cha is the 5th cheapest to open and the 7th largest by number of locations.
| Measure | Feng Cha | Typical smoothie |
|---|---|---|
| Cost to open, low end | $207K | $218K |
| Royalty | 5% | 6% |
| Closed or left per year | 5.9% | 7.5% |
| Change in franchised locations, 3 yrs | +85.1% | +37.8% |
| Shares earnings figures | Yes | 9 of 12 |
Typical is the median across the 12 brands in smoothie franchises.
