TP TEA franchise
A TP TEA franchisee operates a tea shop selling bubble tea, tea and coffee drinks, and related food and merchandise. At the end of 2025 there were 22 TP TEA locations in the US, all franchised.
- Cost to open
- $425K–$447K
- Franchise fee
- $50,000
- Royalty
- 6%
- Locations, 2025
- 22+13 in 3 yrs
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Company snapshot
- SBA loans
- Not on the SBA Franchise Directory
From TPTEA USA INC’s 2026 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
How much a TP TEA franchise costs
Opening one TP TEA costs an estimated $424,800 to $446,900. That covers the franchise fee and everything else needed to open, through the first months of working capital.
Source: TPTEA USA INC, 2026 filing, page 18
TP TEA franchise fee
The franchise fee is $50,000, a separate $50,000 technology transfer fee and design fees are also required. You pay it when you sign the franchise agreement.
Source: TPTEA USA INC, 2026 filing, page 14
Royalty and ongoing fees
| Royalty | 6% of gross monthly sales, paid monthly. |
|---|
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: TPTEA USA INC, 2026 filing, page 15
Sales and earnings
No figures TP TEA 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: TPTEA USA INC, 2026 filing, page 43
Locations opened and closed
| Year | Franchised | Company-owned | Closed |
|---|---|---|---|
| 2023 | 12 (+3) | 0 | 0 |
| 2024 | 16 (+4) | 0 | 0 |
| 2025 | 22 (+6) | 0 | 0 |
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: TPTEA USA INC, 2026 filing, page 44
How TP TEA compares
Of the 36 retail franchises on this site, TP TEA is the 29th cheapest to open and the 34th largest by number of locations.
| Measure | TP TEA | Typical retail |
|---|---|---|
| Cost to open, low end | $425K | $242K |
| Royalty | 6% | 5% |
| Closed or left per year | 0% | 4.6% |
| Change in franchised locations, 3 yrs | +144.4% | +5.2% |
| Shares earnings figures | No | 33 of 36 |
Typical is the median across the 36 brands in retail franchises.
