Yi Fang Taiwan Fruit Tea Franchise Cost, Revenue & Review 2026
- Investment
- $119K – $221K
- Disclosed sales
- not disclosed
- SBA charge-off
- Not SBA-matched
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Yi Fang Taiwan Fruit Tea is a bubble tea franchise known for fresh fruit teas made with real fruit and hand-brewed tea. Franchisees run the shops, managing drink prep, ingredient inventory, and counter service.
FranchiseVerdict summary · 2026
A Yi Fang Taiwan Fruit Tea franchise requires a total initial investment of $119K – $221K, including a $30K franchise fee and an ongoing 4.0% royalty[2]. This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored4 of 4 headline figures on this page cite a page of the filing.
Overview
- Investment
- $119K – $221K
- 7th pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- 4.0%
- 3rd pct Service Resta…
- Units
- 33
- 58th 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 median · 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 $119K – $221K including a $30K franchise fee, 4.0% ongoing royalty.
- RETURNSThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
- RISKVerdict C (Average), verdict score 40/100 (higher is better).
- GROWTHNegative: net -2 franchised outlets in the latest year (14 opened, 16 closed) (Item 20).
- FLAG16 units terminated last reporting year (48.5% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Inkism International Co., LLC
- Parent company
- Inkism International Co., Ltd. (Taiwan) ("Inkism-Taiwan")
- FDD Item 1, page 6 of the 2025 FDD
- Ultimate parent
- Inkism International Co., Ltd. (Taiwan)
- FDD Item 1, page 6 of the 2025 FDD
- Predecessor
- DanYe
- Prior franchisor entity
- CEO title
- Chief Executive Officer and Manager
- Tzu-Kai Ko
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- California
- HQ
- 100 Pine St., 1250, San Francisco, CA 94111
- Auditor
- DLEE Accountancy, Inc.
- Audited financials
- Franchisor revenue
- $868K
- vs $728K prior year
Overview
About
- CEO
- Tzu-Kai Ko
- Headquarters
- CA
- Founded
- 2018
- FDD year
- 2025
- States available
- 8
Can you afford it, and what does the money buy?
Entry cost runs 65% below the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown14 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | $30K | $30K | |
| Design Fee | $1K | $4K | |
| Security Deposit for Franchisee | $10K | $10K | |
| Training expenses | $3K | $8K | |
| Lease of Outlet premises and lease security deposit | $2K | $10K | |
| Leasehold improvements | $10K | $50K | |
| Equipment, furniture and fixtures | $20K | $40K | |
| Point of sale system | $700 | $3K | |
| Interior/exterior signs and graphics | $1K | $5K | |
| Professional fees | $2K | $3K | |
| Business licenses and permits | $1K | $5K | |
| Inventory and administrative supplies to begin operating | $8K | $11K | |
| Business insurance | $1K | $3K | |
| Additional funds - 3 months | $30K | $40K | |
| Total initial investment | $119K | $221K |
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
- $119K – $221K
- Top 40% of category vs category
- Liquid capital req'd
- $30K – $40K
- Middle of category vs category
- Franchise fee
- $30K – $30K
- Top 40% of category vs category
- Royalty
- 4.0%
- typical 6–8%
- Ad fund
- Minimum $1,000 per month
- Total fee load
- 4.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 4.0% of gross sales |
| Training fee | $6K |
| Transfer fee | $10K |
| Renewal fee | $10K |
| Inventory (initial) | $8K – $11K |
| Total fee load | 4.0% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Yi Fang Taiwan Fruit Tea makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one Yi Fang Taiwan Fruit Tea unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
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
No financial performance representation
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
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 4.0% — below the Quick-Service Restaurants median of 7.5%.
Disclosure
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator retention
System expanding at 13.8% CAGR over 3 years across 33 units — operators are staying and new ones are joining.
Multi-unit rate
Only 11% of franchisees own multiple units. Could indicate challenging economics or a young system where operators haven't had time to expand.
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 medians
How Yi Fang Taiwan Fruit Tea Compares
Category median of published Quick-Service Restaurants brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 33
- Opened
- 14
- Last reporting year
- Closed
- 16
- Terminated
- 16
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 48.5%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Multi-unit owners
- 10.5%
- Net growth (3-yr)
- -5.7%
- Net unit change over 3 years
- 3-yr CAGR
- +13.8%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Terminated
- 16
- Not renewed
- 0
- Transferred
- 0
- Projected new
- 5
- Franchisor's next-year forecast
- Termination rate
- 48.5%
- Franchisor-initiated terminations
- Ceased ops
- 48.5%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 10 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).
Where the owners are · Item 20 owner list
44 current owners across 10 states.
- CA 18
- NY 9
- WA 7
- HI 3
- TX 2
- CT 1
- MD 1
- NV 1
- OR 1
- PA 1
Counts only, from the list the franchisor prints in Item 20. Names and phone numbers are for your own due diligence and are not shown here.
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
Beverage franchisor with parent-level financials ($5.97M revenue) and 33 franchised units. Four Item-3 matters are all resolved franchise-registration/disclosure violations (largest payment $7,200). Notable elevated turnover of 48.5% and no Item 19 stack against otherwise resolved litigation to a minor flag.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
Four government enforcement actions disclosed: (1) California Notice of Violation filed September 3, 2019 by Department of Financial Protection and Innovation regarding unregistered franchise offering (approved October 2, 2019); (2) New York Attorney General Assurance of Discontinuance (AOD No. 19-004) signed January 29, 2019 by parent company Inkism International Co. Ltd. for selling two unregistered franchises (unit registration approved February 8, 2019, renewed February 6, 2020); (3) California Notice of Violation filed October 11, 2019 by subfranchisor Fortune Journey LLC and Roy Lam for unregistered franchise sales (approved February 5, 2020); (4) Washington State Securities Division Consent Order (Order No. S-21-3087-21-CO03) entered July 13, 2022 against Inkism International Co., LLC for misrepresentation/non-disclosure of store numbers in franchise disclosure document, with $7,200 investigative costs ordered. All matters settled/concluded.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · DLEE Accountancy, Inc.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Item 21 audited financial statements are for the franchisor Inkism International Co., LLC (Inkism-USA), FYE Dec 31 2024/2023/2022, in Exhibit B, but the exhibit text is garbled/unrecoverable (mojibake) in this extraction; balance-sheet and income figures could not be read reliably. The only clean figure is the Taiwan parent Inkism-Taiwan's FY2024 total revenue of $5,965,452 (disclosed in Item 8), which is a DIFFERENT entity than the audited franchisor and does not reconcile to a franchisor balance sheet, so it was not used for franchisor financial fields.
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
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 40 / 100 verdict
- 01MINORHigh franchisee turnover 48.5%
- 02MINOR4 resolved franchise-registration/disclosure violations (max $7,200)
- 03MINORNo Item 19 disclosure
- 04MEDParent-level financials — brand equity not disclosed
- 05MINORNo bankruptcy, no going-concern
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 4.0% 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 | 3 years |
|---|---|
| Renewal term | 3 years |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 0.3 mi |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Not allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 1 year |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 60 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Arbitration location | Los Angeles County, California |
| Governing law | New York |
| Litigation count | 4 |
View Item 3 litigation summary
Four government enforcement actions disclosed: (1) California Notice of Violation filed September 3, 2019 by Department of Financial Protection and Innovation regarding unregistered franchise offering (approved October 2, 2019); (2) New York Attorney General Assurance of Discontinuance (AOD No. 19-004) signed January 29, 2019 by parent company Inkism International Co. Ltd. for selling two unregistered franchises (unit registration approved February 8, 2019, renewed February 6, 2020); (3) California Notice of Violation filed October 11, 2019 by subfranchisor Fortune Journey LLC and Roy Lam for unregistered franchise sales (approved February 5, 2020); (4) Washington State Securities Division Consent Order (Order No. S-21-3087-21-CO03) entered July 13, 2022 against Inkism International Co., LLC for misrepresentation/non-disclosure of store numbers in franchise disclosure document, with $7,200 investigative costs ordered. All matters settled/concluded.
Items 10, 11
Training & Operations
- Classroom training
- 55 hrs
- On-the-job training
- 105 hrs
- Training location
- On-site and off-site
- Ongoing training
- Required
- Field support
- 105 hrs/yr
- On-site visits per year
- Time to open
- 9 mo
- From signing to launch
- Site selection
- franchisee_with_franchisor_consent
- Franchisor financing
- Not offered
- Item 10
- POS system
- POS System
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: POS System
Item 20 · call current owners
Franchisee Contacts
44 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Yi Fang Taiwan Fruit Tea franchise?
The total investment to open a Yi Fang Taiwan Fruit Tea franchise ranges from $119K – $221K, 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 Yi Fang Taiwan Fruit Tea franchise owners earn?
Yi Fang Taiwan Fruit Tea makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns Yi Fang Taiwan Fruit Tea?
Yi Fang Taiwan Fruit Tea is franchised by Inkism International Co., LLC. Its parent company is Inkism International Co., Ltd. (Taiwan) ("Inkism-Taiwan"). The ultimate parent named in the FDD is Inkism International Co., Ltd. (Taiwan). Source: FDD Item 1, 2025 filing.
What is Item 19 in the Yi Fang Taiwan Fruit Tea 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 Yi Fang Taiwan Fruit Tea FDD and qualifies whose outlets they describe.
What is Yi Fang Taiwan Fruit Tea's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Yi Fang Taiwan Fruit Tea (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 Yi Fang Taiwan Fruit Tea franchise locations are there?
As of their most recent FDD filing, Yi Fang Taiwan Fruit Tea has 33 total units in the United States, including 33 franchised units and 0 company-owned units. 14 new units were opened in the latest reporting year.
Is Yi Fang Taiwan Fruit Tea a good franchise to buy?
FranchiseVerdict rates Yi Fang Taiwan Fruit Tea as a C-grade franchise with a verdict score of 40 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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 Yi Fang Taiwan Fruit Tea, you can request corrections or provide updated information.
Other Quick-Service Restaurants franchises
Compare similar franchise opportunities in the Quick-Service Restaurants category
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.