Mgm Liquor vs The Spice & Tea Exchange
Franchise Comparison 2026
Both Mgm Liquor and The Spice & Tea Exchange are food retail franchises. Mgm Liquor requires an investment of $532K – $2.2M while The Spice & Tea Exchange requires $299K – $532K. In terms of revenue, Mgm Liquor reports higher average unit revenue at $2.6M. Note: Reported for a subset of outlets rather than the whole system. On SBA loan performance, The Spice & Tea Exchange has a lower charge-off rate (5.6%) compared to Mgm Liquor (21.4%). FranchiseVerdict rates Mgm Liquor B (Above average) and The Spice & Tea Exchange A (Strongest tier).
| Metric | Mgm Liquor | The Spice & Tea Exchange |
|---|---|---|
| Verdict Grade | BAbove averageAbove average | AStrongest tierStrongest tier |
| Investment Range | $532K – $2.2M | $299K – $532K |
| Franchise Fee | $50K | $39K |
| Royalty Rate | Earned Service Fee: $4,860 per week, capped at 2.2% of Gross Receipts (weekly, if timely reported); currently charged as a flat weekly amount subject to that cap. | greater of 7% of Gross Sales or $1,750 |
| Average Revenue (Item 19) | $2.6MOutlet subset | $543KIncl. company outlets |
| SBA Charge-Off Rate | 21.4% (29 loans) | 5.6% (41 loans) |
| Total Units | 28 | 94 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 1995 | 2008 |
| FDD Year | N/A | 2025 |
Investment Range
$532K – $2.2M
$299K – $532K
Franchise Fee
$50K
$39K
Royalty Rate
Earned Service Fee: $4,860 per week, capped at 2.2% of Gross Receipts (weekly, if timely reported); currently charged as a flat weekly amount subject to that cap.
greater of 7% of Gross Sales or $1,750
Average Revenue (Item 19)
$2.6MOutlet subset
$543KIncl. company outlets
SBA Charge-Off Rate
21.4% (29 loans)
5.6% (41 loans)
Total Units
28
94
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
1995
2008
FDD Year
N/A
2025