Tsaocaa
Franchise research report · reviewed 2026 disclosure data
Researching Tsaocaa franchise opportunities? Every figure below is cited to the FDD.
TSAOCAA was founded in 2018 and operates tea shops focused on freshly brewed tea and bubble tea. Its official menu also lists Hong Kong egg waffles and fried chicken.
Headline figures
Tsaocaa quick facts
- Is Tsaocaa a franchise?
- Yes. Tsaocaa offers franchises through a Franchise Disclosure Document. At the end of 2025, it reported 61 franchised and 7 company-owned outlets (2026 FDD, Item 20, PDF p. 39).
- How much does it cost to open a Tsaocaa franchise?
- The Tsaocaa Franchise Disclosure Document reports an estimated initial investment of $141,850–$375,750 (2026 FDD, Item 7, PDF p. 16). This is the franchisor's disclosed estimate, not a quote. Details
- What is the Tsaocaa initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $28,000 (2026 FDD, Item 5, PDF p. 10). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- What ongoing fees does Tsaocaa charge?
- The disclosed ongoing royalty is 5% (2026 FDD, Item 6, PDF p. 10). The brand or advertising fund contribution is 3% (2026 FDD, Item 6, PDF p. 10). Other recurring fees are listed in Item 6. Details
- Does Tsaocaa disclose financial performance (Item 19)?
- No. The reviewed Tsaocaa FDD states that it does not make a financial performance representation in Item 19. Details
- How many Tsaocaa locations are there?
- The FDD reports 68 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 39). Existing locations do not indicate territory availability. Details
- Is Tsaocaa a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 makes no financial performance representation, so ask current owners about results; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1Opening costs are estimated at $141,850 – $375,750 in the 2026 FDD (Item 7); several initial fee options apply.
- 2The franchisor makes no financial performance representation in Item 19.
- 3Outlets grew by 8 in 2025, to 68 (systemwide, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Total estimated initial investment
2026 FDD · Item 7 · PDF p. 16
Standard single-unit franchise fee
2026 FDD · Item 5 · PDF p. 10
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- RoyaltyMain ongoing fee
24 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
No financial performance representation in Item 19
The reviewed 2026 FDD for Tsaocaa has no Item 19 figures on record. Franopolis does not estimate revenue or earnings in their place; ask the franchisor and current owners what unit-level information they can share.
Outlet Changes — Item 20
How has the outlet count changed?
systemwide, as labeled in the FDD · counts as of 2025 of each year.
2026 FDD · Item 20 · PDF p. 39
Net +20 outlets, 2023–2025
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2026 Item 7 estimate ($141,850 – $375,750) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Tsaocaa reports no financial performance figures in Item 19. What information can you share about unit-level results?
Reported units went from 60 to 68 in 2025. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2026 FDD)
- [1]Estimated initial investment — Item 7 · PDF p. 16
- [2]Standard initial franchise fee — Item 5 · PDF p. 10
- [3]Outlet counts — Item 20, Table 1 · PDF p. 39
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| 2026 | cash on hand | $195,900 |
| 2026 | total contract asset | $101,812 |
| 2026 | royalties | $29,857 |
| 2026 | total income | $29,857 |
| 2026 | net income | $11,838 |
| 2026 | total checking and savings | $495,895 |
| 2026 | total accounts receivable | $135,730 |
| 2026 | total current assets | $634,278 |
| 2026 | fixed assets | $25,555 |
| 2026 | total other assets | $561,403 |
| 2026 | total assets | $1,221,236 |
| 2026 | total current liabilities | $146,101 |
| 2026 | total liabilities | $908,904 |
| 2026 | equity | $312,333 |
| 2026 | total liabilities and equity | $1,221,236 |
| 2026 | total expense | $18,019 |
| 2025 | cash | $490,864 |
| 2025 | intangibles, net | $25,556 |
| 2025 | right of use asset | $142,443 |
| 2025 | total assets | $1,212,194 |
| 2025 | accounts payable and accrued expenses | $45,692 |
| 2025 | lease liabilities, net of current | $122,223 |
| 2025 | franchise fees | $135,062 |
| 2025 | net income | $227,069 |
| 2025 | accounts receivable, net | $132,170 |
| 2025 | total current assets | $1,044,195 |
| 2025 | contract liabilities | $82,983 |
| 2025 | total current liabilities | $148,895 |
| 2025 | contract liabilities, net of current | $640,580 |
| 2025 | member's equityMore than one value recorded for this year — open the FDD source before comparing | $300,496 |
| 2025 | total liabilities and member's equity | $1,212,194 |
| 2025 | royalties | $398,391 |
| 2025 | total revenues | $533,453 |
| 2025 | operating expenses | $306,384 |
| 2025 | member's equityMore than one value recorded for this year — open the FDD source before comparing | $300,496 |
| 2025 | cash flowsMore than one value recorded for this year — open the FDD source before comparing | $227,069 |
| 2025 | cash flowsMore than one value recorded for this year — open the FDD source before comparing | -$110,369 |
| 2025 | cash flowsMore than one value recorded for this year — open the FDD source before comparing | $490,864 |
| 2024 | cash | $601,233 |
| 2024 | accounts receivable, net | $46,756 |
| 2024 | total current assets | $1,175,463 |
| 2024 | intangibles, net | $27,956 |
| 2024 | right of use asset | $159,852 |
| 2024 | total assets | $1,363,271 |
| 2024 | accounts payable and accrued expenses | $45,766 |
| 2024 | lease liabilities, net of current | $142,468 |
| 2024 | total liabilities and member's equity | $1,363,271 |
| 2024 | total revenues | $525,269 |
| 2024 | operating expenses | $302,994 |
| 2024 | net income | $222,275 |
| 2024 | member's equityMore than one value recorded for this year — open the FDD source before comparing | $430,027 |
| 2024 | contract liabilities | $80,759 |
| 2024 | total current liabilities | $146,134 |
| 2024 | contract liabilities, net of current | $644,642 |
| 2024 | member's equityMore than one value recorded for this year — open the FDD source before comparing | $430,027 |
| 2024 | royalties | $362,424 |
| 2024 | franchise fees | $162,845 |
| 2024 | cash flowsMore than one value recorded for this year — open the FDD source before comparing | $222,275 |
| 2024 | cash flowsMore than one value recorded for this year — open the FDD source before comparing | $82,467 |
| 2024 | cash flowsMore than one value recorded for this year — open the FDD source before comparing | $601,233 |
| 2023 | intangibles, net | $30,356 |
| 2023 | right of use asset | $181,166 |
| 2023 | total assets | $1,127,651 |
| 2023 | accounts payable and accrued expenses | $46,119 |
| 2023 | contract liabilities, net of current | $564,434 |
| 2023 | cash flowsMore than one value recorded for this year — open the FDD source before comparing | $74,781 |
| 2023 | cash flowsMore than one value recorded for this year — open the FDD source before comparing | $265,254 |
| 2023 | cash | $518,766 |
| 2023 | accounts receivable, net | $26,358 |
| 2023 | total current assets | $916,129 |
| 2023 | contract liabilities | $128,814 |
| 2023 | total current liabilities | $194,009 |
| 2023 | lease liabilities, net of current | $162,090 |
| 2023 | member's equityMore than one value recorded for this year — open the FDD source before comparing | $207,118 |
| 2023 | total liabilities and member's equity | $1,127,651 |
| 2023 | royalties | $258,224 |
| 2023 | franchise fees | $79,490 |
| 2023 | total revenues | $337,714 |
| 2023 | operating expenses | $262,933 |
| 2023 | net income | $74,781 |
| 2023 | member's equityMore than one value recorded for this year — open the FDD source before comparing | $207,118 |
| 2023 | cash flowsMore than one value recorded for this year — open the FDD source before comparing | $518,766 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.
Head-to-head comparisons
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.