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    Franchise opportunities compared

    Smoothie King vs Tptea

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Smoothie King2026 FDDTptea2026 FDD

    Initial investment · Item 7

    Smoothie King

    $329,850 – $1,278,900

    2026 FDD · Item 7

    Tptea

    $424,800 – $446,900

    2026 FDD · Item 7 · PDF p. 18

    Initial franchise fee · Item 5

    Smoothie King

    Not available

    Tptea

    Not available

    Royalty · Item 6

    Smoothie King

    Not available

    Tptea

    Not available

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Smoothie King discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Only Smoothie King has reviewed Item 19 figures here.

    Financial commitment

    Estimated initial investment (Item 7)

    Smoothie King

    $329,850 – $1,278,900
    2026 FDD · Item 7

    Tptea

    $424,800 – $446,900
    Single TPTEA Tea Shop — Total Cost $424,800 – $446,900
    2026 FDD · Item 7 · PDF p. 18
    Standard initial franchise fee (Item 5)

    Smoothie King

    Not available
    No single standard fee identified

    Tptea

    Not available
    No single standard fee identified
    Royalty (Item 6)

    Smoothie King

    Not available
    No reviewed royalty record

    Tptea

    Not available
    No reviewed royalty record
    Brand / advertising fund (Item 6)

    Smoothie King

    $5,000
    Development payment schedule; design/training/opening marketing fees — $5000
    2026 FDD · Item 6 · PDF p. 17

    Tptea

    Not available
    No reviewed brand or advertising fund fee

    System scale & health

    Total outlets (Item 20)

    Smoothie King

    1,242
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 68

    Tptea

    22
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 44
    Net outlet change (Item 20)

    Smoothie King

    +90
    Calculated: 1,152 at end of 2023 → 1,242 at end of 2025

    Tptea

    +10
    Calculated: 12 at end of 2023 → 22 at end of 2025
    Outlet exits (Item 20)

    Smoothie King

    Not available
    No complete exit records for a year

    Tptea

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Smoothie King

    1989
    From a verified franchisor listing

    Tptea

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Smoothie King

    Not available
    Not in reviewed records

    Tptea

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Smoothie King
    Locations counted not stated in the reviewed record — Top 50percent cumulative net-sales segment
    $795,063
    other 2025 Top 50percent cumulative net-sales segment Median Net Sales
    2026 FDD · Item 19 · PDF p. 61
    Locations counted not stated in the reviewed record — All 1087 units
    $662,015
    other 2025 All 1087 units Average Net Sales
    2026 FDD · Item 19 · PDF p. 61
    Locations counted not stated in the reviewed record — Comparable-period same-store franchised units
    51 percent
    other 2025vs2024 At/above average percent
    2026 FDD · Item 19 · PDF p. 66
    +37 more groups in the full report
    Tptea

    Not disclosed — no Item 19 financial performance representation

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Smoothie King vs Tptea: common questions

    Which costs less to open, Smoothie King or Tptea?
    Smoothie King: $329,850 – $1,278,900 (2026 FDD · Item 7); Tptea: $424,800 – $446,900 (2026 FDD · Item 7 · PDF p. 18). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Smoothie King. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    Which has more locations, Smoothie King or Tptea?
    Smoothie King: 1,242 (2026 FDD · Item 20 · PDF p. 68); Tptea: 22 (2026 FDD · Item 20 · PDF p. 44). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Smoothie King and Tptea disclose financial performance (Item 19)?
    Smoothie King has reviewed Item 19 figures for 40 location groups; Tptea makes no Item 19 financial performance representation. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

    Keep researching

    Full Smoothie King report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Tptea report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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    FDD glossary

    Plain-language meaning of each Item