Tiger SugarFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Tiger Sugar franchise requires a total initial investment of $307K – $550K, including a $85K franchise fee and an ongoing 7.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $307K – $550K
- 60th pct Service Resta…
- Avg gross sales
- N/A
- 59th pct Service Resta…
- Royalty
- 7.0%
- 80th pct Service Resta…
- Units
- 63
- 66th pct Service Resta…
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = >15% above Quick-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $307K – $550K including a $85K franchise fee, 7.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict A (Top Quintile) with a risk score of 39/100.
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Tiger Sugar Franchise USA Inc.
- Parent company
- Tiger Sugar International Co., Ltd.
- Incorporated in
- NY
- HQ
- 14223 37th Ave., Unit 5A, Flushing, NY 11354
- Auditor
- JTC Accountancy Corp
- Audited financials
- Franchisor revenue
- $1.9M
- vs $1.6M prior year
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
Tiger Sugar franchisees operate bubble tea retail locations serving specialty drinks featuring brown sugar toppings and premium tea ingredients. Day-to-day operations include drink preparation, inventory management of tea and tapioca supplies, customer service, and point-of-sale transactions in high-traffic retail spaces.
- CEO
- MING-TSUNG YANG
- Headquarters
- NY
- Founded
- 2019
- FDD year
- 2025
- States available
- 29
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $85K | $85K |
| Working capital (3–6 mo) | $60K | $100K |
| Equipment, build-out, other | $162K | $365K |
| Total initial investment | $307K | $550K |
Source: Tiger Sugar 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $307K – $550K
- Near category avg vs category
- Liquid capital req'd
- $60K – $100K
- Below avg, review vs category
- Franchise fee
- $50K – $85K
- Below avg, review vs category
- Royalty
- 7.0%
- Net Sales · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 7.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Transfer fee | $43K |
| Renewal fee | $503K |
| Total fee load | 8.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Quick-Service Restaurants averages
How Tiger Sugar Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 63
- Opened
- 5
- Last reporting year
- Closed
- 6
- Turnover rate
- 9.5%
- Company-owned
- 18
- Corporate units in the system
- % franchised
- 71%
- vs corporate-owned
- Net growth (yr3)
- -2.2%
- Net unit change last year
- 3-yr CAGR
- +66.7%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 17 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 1 7(a) loan on file; statistical reliability is limited below 10 loans.
- Total loans
- 1
- Loan volume
- $100K
- Median loan
- $100K
- 50th percentile
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 1
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Tiger Sugar's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 1 lenders with concentration factor
- Per-state charge-off rates across 1 states
- Startup risk premium and job creation velocity
- 1-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Tiger Sugar presents caution-level risk: declining unit growth, regulatory compliance issues, non-transparent financials, and high capital requirements with unclear returns.
Audited financials (Item 21)
Yes · JTC Accountancy Corp⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 39 / 100 rating
- 01MINORUnit count declining 2.2% year-over-year suggests market saturation or underperformance
- 02MINORNo average revenue or net income disclosure in FDD Item 19 prevents ROI validation
- 03MED2021 Maryland Securities Commissioner consent order reveals compliance failures and regulatory risk
- 04MEDHigh initial investment ($307k-$550k) combined with undisclosed profitability creates significant downside exposure
- 05MINOR5-year term is shorter than industry standard, creating renewal uncertainty and reduced payback horizon
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | New York |
| Litigation count | 1 |
Items 10, 11
Training & Operations
- Classroom training
- 2 hrs
- On-the-job training
- 37 hrs
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
29 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Tiger Sugar · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Tiger Sugar franchise?
The total investment to open a Tiger Sugar franchise ranges from $307K – $550K, with an initial franchise fee of $85K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Tiger Sugar franchise owners earn?
Tiger Sugar does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Tiger Sugar's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Tiger Sugar (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Tiger Sugar franchise locations are there?
As of their most recent FDD filing, Tiger Sugar has 63 total units in the United States, including 14 franchised units and 18 company-owned units. 5 new units were opened in the latest reporting year.
Is Tiger Sugar a good franchise to buy?
FranchiseVerdict rates Tiger Sugar as a A-grade franchise with a risk score of 39 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.