Wanpo Tea ShopFranchise Cost, Revenue & Review 2026
Data from FDD filing
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). Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $197K – $353K
- 29th pct Service Resta…
- Avg gross sales
- N/A
- 59th pct Service Resta…
- Royalty
- 3.0%
- 2nd pct Service Resta…
- Units
- 11
- 37th pct Service Resta…
- SBA default
- N/A
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
Franchised units fell from 11 to 2 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $197K – $353K including a $30K franchise fee, 3.0% 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 47/100.
- No 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
- 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
- DE
- HQ
- No. 38, Sec. 2, Huanzhong Rd., Xitun Dist., Taichung City, 407 Taiwan (R.O.C.)
- Auditor
- Chen & Fan Accountancy Corporation
- Audited financials
- Franchisor revenue
- $0
- Most recent fiscal year
Overview
About
Franchisees operate a tea shop serving specialty tea beverages, likely with prepared food/snacks. Day-to-day operations include customer service, beverage preparation, inventory management, and local marketing within a protected territory.
- CEO
- Ting-Wei Chang
- Founded
- 2018
- FDD year
- 2025
- States available
- 5
FDD Item 7 · 2025 filing · 40 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
- Better than avg vs category
- Liquid capital req'd
- $20K – $80K
- Near category avg vs category
- Franchise fee
- $30K – $200K
- Better than avg vs category
- Royalty
- 3.0%
- Gross Sales · typical 6–8%
- Ad fund
- Approx 3% of Gross Sales (not yet established)
- Total fee load
- 6.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 3.0% of gross sales |
| Technology fee | $161 |
| Training fee | $4K |
| Transfer fee | $10K |
| Renewal fee | $15K |
| Total fee load | 6.0% 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 Wanpo Tea Shop Compares
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 (yr3)
- +120.0%
- Net unit change last year
- 3-yr CAGR
- Outlier (see FDD)
- Likely small-sample artifact
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 2
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 9 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.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Undisclosed financials combined with recent regulatory violation and false going concern status create substantial risk; evaluate current franchisee profitability before investing.
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
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
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 47 / 100 rating
- 01MEDRegulatory violation in May 2023: California DFPI issued Notice of Violation for unlicensed franchise sales; rescission offer declined by franchisee signals unresolved dispute
- 02MEDCritical financial opacity: No average revenue or net income disclosed in FDD Item 19, making ROI assessment impossible
- 03HIGHGoing Concern status is FALSE: Indicates potential financial instability at corporate level despite unit growth claims
- 04MINORHigh upfront investment ($196.5K–$352.9K) paired with 3% royalty + $600 minimum monthly fee creates break-even pressure on units with <$20K monthly sales
- 05MINORRapid unit growth (120% YoY from unknown baseline to 11 units) appears aggressive for brand without financial transparency; growth sustainability unclear
- 06MED5-year term is shorter than industry standard (typically 10), suggesting either corporate caution or limited franchisor confidence in long-term model
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 | 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
19 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 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 A-grade franchise with a risk score of 47 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.
For franchisors
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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.