Is Red Mango or Sharetea cheaper to open?

Red Mango costs $323,000–$556,500 and Sharetea costs $224,600–$648,800 to open (FDD Item 7). Sharetea has the lower entry cost.

Which is safer, Red Mango or Sharetea?

SBA 7(a) charge-off rate is 30.8% for Red Mango and 3.3% for Sharetea. Lower is safer, so Sharetea has the stronger loan-repayment record.

Which is the better franchise, Red Mango or Sharetea?

FranchiseVerdict grades Red Mango D and Sharetea A, from FDD Items 5–7, 19–21 and SBA loan performance. See the full side-by-side above.

Red Mango vs Sharetea

Franchise Comparison 2026

Both Red Mango and Sharetea are quick-service restaurants franchises. Red Mango requires an investment of $323K – $557K while Sharetea requires $225K – $649K. On SBA loan performance, Sharetea has a lower charge-off rate (3.3%) compared to Red Mango (30.8%). FranchiseVerdict rates Red Mango D (Below average) and Sharetea A (Strongest tier).

Metric	Red Mango	Sharetea
Verdict Grade	DBelow averageBelow average	AStrongest tierStrongest tier
Investment Range	$323K – $557K	$225K – $649K
Franchise Fee	$15K	$12K
Royalty Rate	6.0%	6.0%
Average Revenue (Item 19)	N/A	N/A
SBA Charge-Off Rate	30.8% (14 loans)	3.3% (30 loans)
Total Units	45	153
Unit Growth (YoY)	N/A	N/A
Year Began Franchising	2007	2015
FDD Year	2025	2025