Heuk Hwa Dang franchise
2026 filing · April 17, 2026Growing
Heuk Hwa Dang at a glance
A tea and dessert shop serving brown sugar bubble teas, smoothies, ice cream, coffee and sandwiches. At the end of 2025 there were 3 Heuk Hwa Dang locations in the US, 1 franchised and 2 company-owned, so most are run by the company itself.
The business
- Franchisor
- Wunam F&C USA, Inc
- The company that sells the franchises
- Franchising since
- 2022
- 4 years of selling franchises
- Franchisor based in
- Los Angeles, California
- Typical size
- 500–1,500 sq ft
What you pay
- Cost to open
- $304K–$505K
- Fee, build-out and opening working capital
- Franchise fee
- $40,000
- Paid once, when you sign
- Royalty
- 5%
- 5% of gross sales, paid monthly, plus a 1% marketing fee
- Brand fund
- 1%
- 1% of gross sales, paid with the royalty
- Renewal fee
- $10,000
- When the agreement ends and you sign again
- Agreement length
- 5 years
Where it is
- US locations, 2025
- 3
- Franchised and company-owned
- Franchised
- 1
- Company-owned
- 2
- Change in 3 years
- +1
- Franchised locations, 2023–2025
- States
- 3
- Most in California, Virginia and Washington
From Wunam F&C USA, Inc’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
Heuk Hwa Dang among all franchises with the same figure.
| Figure | Heuk Hwa Dang | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $404,250 | Costs more than 55% of franchises |
| Franchise feePaid once, when you sign | $40,000 | Lower than 46% of franchises |
| RoyaltyShare of sales paid to the franchisor | 5% | Lower than 69% of brands with a set rate |
| US locationsFranchised and company-owned | 3 | Fewer than 78% of franchises |
How much a Heuk Hwa Dang franchise costs
Opening one Heuk Hwa Dang costs an estimated $303,500 to $505,000. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are construction and remodeling ($170,000 to $250,000) and equipment, furniture and fixtures ($45,000 to $55,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| Initial Franchise Fee | $40,000 | ||
| Real Estate Security/Deposits and Initial Rent | $5,000 | $35,000 | |
| Construction and remodeling | $170,000 | $250,000 | |
| Design and architecture | $6,000 | $8,000 | |
| Equipment, Furniture and Fixtures | $45,000 | $55,000 | |
| Opening Inventory | $13,000 | $18,000 | |
| Insurance | $5,000 | $15,000 | |
| Opening Promotion and Grand Opening | $5,000 | $10,000 | |
| Cash Registers/Other Office Equipment | $3,000 | $10,000 | |
| Initial Training Expenses | $0 | $4,000 | |
| Business Licenses, Utility Deposits, Prepaid Fees | $1,500 | $10,000 | |
| Additional Funds – 3 months | $10,000 | $50,000 | |
| Total | $303,500 | $505,000 | |
Source: Wunam F&C USA, Inc, 2026 filing, page 14
Heuk Hwa Dang franchise fee
The franchise fee is $40,000. You pay it when you sign the franchise agreement.
Source: Wunam F&C USA, Inc, 2026 filing, page 8
Royalty and ongoing fees
| Royalty | 5% of gross sales, paid monthly, plus a 1% marketing fee. |
|---|---|
| Brand or marketing fund | 1% of gross sales, paid with the royalty. |
| POS, Computer or Information Systems Fee | Then-current fee, up to $250 per month (currently not assessed) |
| Renewal Fee | $10,000 |
| Transfer and Training Fee (subject to state law) | $15,000 |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: Wunam F&C USA, Inc, 2026 filing, page 9
Other fees as filed, from pages 10–13. The filing lists every fee, including late fees and audit costs.
Sales and earnings
No figures Heuk Hwa Dang does not share sales or profit figures for its locations. Talking to current and former franchise owners is the usual way to learn what a location earns.
Source: Wunam F&C USA, Inc, 2026 filing, page 41
- Estimate Estimated yearly sales per location
- $540K–$940K
Estimated from the sales that 292 comparable franchises file, matched on industry, format, cost to open, fees and size.
How Heuk Hwa Dang compares
Of the 56 bubble tea franchises on this site, Heuk Hwa Dang is the 41st cheapest to open and the 40th largest by number of locations.
| Figure | Heuk Hwa Dang | Typical bubble tea brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $304K | $264K | $222K |
| Cost to open, high end | $505K | $502K | $477K |
| Franchise fee | $40K | $40K | $40K |
| Royalty | 5% | 5% | 6% |
| Brand fund | 1% | 1% | 2% |
| US locations | 3 | 8 | 21 |
| Closed or left per year | 75% | 0% | – |
| Shares earnings figures | No | 19 of 56 | 2,147 of 3,352 |
Typical is the median across the 56 brands in bubble tea franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2023 | 2 (+2) | 2 | +2 | 0 |
| 2024 | 2 (0) | 2 | +2 | −2 |
| 2025 | 1 (−1) | 2 | 0 | −1 |
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.
More in the guides: franchise failure rates.
Source: Wunam F&C USA, Inc, 2026 filing, page 41
Where Heuk Hwa Dang locations are
At the end of 2025, Heuk Hwa Dang had locations in 3 states. The most are in California, Virginia and Washington.
- California1
- Virginia1
- Washington1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| California | 0 | 1 | 1 |
| Virginia | 0 | 1 | 1 |
| Washington | 1 | 0 | 1 |
Source: Wunam F&C USA, Inc, 2026 filing, page 42
Who owns Heuk Hwa Dang?
Heuk Hwa Dang franchises are sold by Wunam F&C USA, Inc. It is a subsidiary of Wunam F&C Co.
From Wunam F&C USA, Inc’s 2026 filing, page 6.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | None. The filing says no litigation has to be disclosed. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: Wunam F&C USA, Inc, 2026 filing, litigation on page 8, bankruptcy on page 8
Heuk Hwa Dang filings
The figures on this page come from Wunam F&C USA, Inc’s 2026 filing, issued April 17, 2026, on record with the NASAA Electronic Filing Depository.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2026 filing | April 17, 2026 | NASAA depository | Costs, fees and locations, 2023–2025 |
Each link opens the filing as a PDF. See the newest filings across all brands.
Other bubble tea franchises
All bubble tea franchises
Heuk Hwa Dang is also on these lists: food franchises.