Wanpo Tea Shop Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Wanpo Tea Shop is a bubble tea franchise serving specialty teas, milk teas, and boba drinks with snacks. Franchisees run the shops, managing drink prep, inventory, and counter service.
FranchiseVerdict summary · 2026
A Wanpo Tea Shop franchise requires a total initial investment of $197K – $353K, including a $30K franchise fee and an ongoing 3.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $197K – $353K
- 22nd pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- 3.0%
- 1st pct Service Resta…
- Units
- 11
- 39th pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants avg · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $197K – $353K including a $30K franchise fee, 3.0% ongoing royalty.
- RETURNSNo Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- RISKVerdict C (Average), verdict score 46/100 (higher is better).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- AIM GOOD USA Corporation
- Parent company
- AIM GOOD International Co., Ltd.
- Predecessor
- affiliates
- Prior franchisor entity
- CEO title
- Chairman and President
- Ting-Wei Chang
- CEO experience
- 6 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- Delaware
- HQ
- 919 North Market Street, Suite 950, Wilmington, DE 19801
- Auditor
- Chen & Fan Accountancy Corporation
- Audited financials
Overview
About
- CEO
- Ting-Wei Chang
- Headquarters
- DE
- Founded
- 2020
- FDD year
- 2025
- States available
- 5
Can you afford it, and what does the money buy?
Entry cost runs 58% below the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown40 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Franchise Fee (Unit)not refundable | $30K | $30K | |
| Refundable Security Deposit (Unit) | $10K | $10K | |
| Minimum Royalty Fee (Unit)not refundable | $600 | $600 | |
| Brand Maintenance Fee (Unit)not refundable | $2K | $2K | |
| Design and Floor Plan Fee (Unit)not refundable | $3K | $3K | |
| Related Personnel Cost for Initial Training (Unit)not refundable | $4K | $4K | |
| Additional Training (Unit)not refundable | — | — | |
| Equipment (Unit)not refundable | $30K | $50K | |
| Utensils (Unit)not refundable | $2K | $3K | |
| Rent for a Tea Shop (Unit)not refundable | $2K | $10K | |
| Rental for Warehouse (Unit)not refundable | $0 | $5K | |
| Renovation (Unit)not refundable | $50K | $100K | |
| Initial Inventory (Unit)not refundable | $23K | $25K | |
| Licenses, Permits, Fees and Deposit (Unit)not refundable | $12K | $12K | |
| Point of Sale System (Unit)not refundable | $2K | $2K | |
| Office Equipment & Supplies (Unit)not refundable | $2K | $2K | |
| Uniforms (Unit)not refundable | $300 | $500 | |
| Insurance (Unit)not refundable | $5K | $15K | |
| Advertisement (Unit)not refundable | $1K | $1K | |
| Additional Funds - 3 Months (Unit)not refundable | $20K | $80K | |
| Total initial investment | $562K | $875K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $197K – $353K
- Top 40% of category vs category
- Liquid capital req'd
- $20K – $80K
- Top 40% of category vs category
- Franchise fee
- $30K – $30K
- Top 40% of category vs category
- Royalty
- 3.0%
- Gross Sales · typical 6–8%
- Ad fund
- 0.0%
- typical 3–5%
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 3.0% of gross sales |
| Marketing / ad fund | 0.0% of gross sales |
| Technology fee | $161 |
| Training fee | $4K |
| Transfer fee | $10K |
| Renewal fee | $15K |
| Total fee load | 6.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Wanpo Tea Shop did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Wanpo Tea Shop unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
44%
Within the 30–60% "attractive franchise" band
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 6.0% — below the Quick-Service Restaurants average of 7.9%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
System expanding at 450.0% CAGR over 3 years across 11 units — operators are staying and new ones are joining.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants averages
How Wanpo Tea Shop Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 11
- Opened
- 6
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- Outlier (see FDD)
- Likely small-sample artifact
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Opened (3yr)
- 6
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 2
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 4 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.
Available to sell in · Item 12
- Hawaii
- Illinois
- Indiana
- Maryland
- Michigan
- Minnesota
- North Dakota
- Rhode Island
- South Dakota
- Virginia
- Washington
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Wanpo Tea Shop has one regulatory matter: a California DFPI Notice of Violation (2023) against parent Aim Good International for selling franchises without required registration. 11 units, all franchised, no bankruptcy or going-concern, but no Item 19 disclosure. A single registration-violation regulatory action on a small system keeps it minor.
Litigation (Item 3)
California Department of Financial Protection and Innovation Notice of Violation (app-25768) against Aim Good International Co., Ltd. for selling master and unit franchises in California without prior registration, violating Section 31110 of the California Franchise Investment Law. Order Approving Notice of Violation issued May 11, 2023. Company directed to offer rescission; franchisee declined and continued operations.
Largest disclosed settlement: $18,000
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Chen & Fan Accountancy Corporation
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 46 / 100 verdict
- 01MINOR1 regulatory matter: CA DFPI Notice of Violation for unregistered franchise sales
- 02MINORSmall 11-unit system, all franchised
- 03MINORNo Item 19 disclosure
- 04MINORNo bankruptcy, no going-concern
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 6.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 3 years |
| Allowed renewalsℹ | 1 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 5 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 60 days |
| Curable defaultsℹ | 4 |
| Mandatory arbitration | No |
| Governing law | California |
| Litigation count | 1 |
View Item 3 litigation summary
California Department of Financial Protection and Innovation Notice of Violation (app-25768) against Aim Good International Co., Ltd. for selling master and unit franchises in California without prior registration, violating Section 31110 of the California Franchise Investment Law. Order Approving Notice of Violation issued May 11, 2023. Company directed to offer rescission; franchisee declined and continued operations.
Items 10, 11
Training & Operations
- Classroom training
- 52 hrs
- On-the-job training
- 60 hrs
- Training location
- On-site and corporate
- Ongoing training
- Required
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
6 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Wanpo Tea Shop · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Wanpo Tea Shop franchise?
The total investment to open a Wanpo Tea Shop franchise ranges from $197K – $353K, with an initial franchise fee of $30K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Wanpo Tea Shop franchise owners earn?
Wanpo Tea Shop 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 Item 19 in the Wanpo Tea Shop FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Wanpo Tea Shop FDD and qualifies whose outlets they describe.
What is Wanpo Tea Shop's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Wanpo Tea Shop (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 Wanpo Tea Shop franchise locations are there?
As of their most recent FDD filing, Wanpo Tea Shop has 11 total units in the United States, including 11 franchised units and 0 company-owned units. 6 new units were opened in the latest reporting year.
Is Wanpo Tea Shop a good franchise to buy?
FranchiseVerdict rates Wanpo Tea Shop as a C-grade franchise with a verdict score of 46 out of 100 (higher is better), 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.
For franchisors
Are you the franchisor?
If you represent Wanpo Tea Shop, you can request corrections or provide updated information.
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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.