Franchise opportunities compared
Spice Tea Exchange vs Style Encore
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.
Before you compare
- Both sets of figures come from 2026 FDDs.
- Item 19 figures cover the location groups each FDD names (Spice Tea Exchange: 1, Style Encore: 18). Different groups are not directly comparable.
| Disclosure |  Spice Tea Exchange |  Style Encore |
|---|---|---|
| Financial commitment | ||
| Estimated initial investment (Item 7) | $312,900 Total initial investment excluding real-estate/building purchase 2026 FDD · Item 7 · PDF p. 19 | $339,200 TOTAL See Note 15 2026 FDD · Item 7 · PDF p. 17 |
| Standard initial franchise fee (Item 5) | Not available No single standard fee identified | $25,000 2026 FDD · Item 5 · PDF p. 12 |
| Royalty (Item 6) | 7% Royalty — gross sales monthly or minimum 2026 FDD · Item 6 · PDF p. 12 | Not available No reviewed royalty record |
| Brand / advertising fund (Item 6) | Not available No reviewed brand or advertising fund fee | $1,500 Marketing fee: $1,500 per year 2026 FDD · Item 6 · PDF p. 13 |
| System scale & health | ||
| Total outlets (Item 20) | 196 Outlets at end of 2025 2026 FDD · Item 20 · PDF p. 59 | 67 Outlets at end of 2025 2026 FDD · Item 20 · PDF p. 47 |
| Net outlet change (Item 20) | +16 Calculated: 180 at end of 2023 → 196 at end of 2025 | +1 Calculated: 66 at end of 2023 → 67 at end of 2025 |
| Outlet exits (Item 20) | Not available No complete exit records for a year | Not available No complete exit records for a year |
| Franchising since (Item 1) | Not available Not in reviewed records | 2013 From a verified franchisor listing |
| Franchisor founded (Item 1) | Not available Not in reviewed records | Not available Not in reviewed records |
| Performance (Item 19) | ||
| Financial performance (Item 19), by location group | Locations counted not stated in the reviewed record 8.7 percent other company · 2026 FDD · Item 19 · PDF p. 56 | Locations counted not stated in the reviewed record — Complete valid 2024 P&L reporting stores $865,220 other 2024 P&L Gross Sales · 2026 FDD · Item 19 · PDF p. 45 Locations counted not stated in the reviewed record — Sales band >$3,000,000 0 percent other 2025 revenue band >$3,000,000 · 2026 FDD · Item 19 · PDF p. 44 Locations counted not stated in the reviewed record — Sales band $250,001 - $500,000 $483,289 other 2025 revenue band $250,001 - $500,000 · 2026 FDD · Item 19 · PDF p. 44 +15 more groups in the full report |
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.
Spice Tea Exchange vs Style Encore: common questions
- Which costs less to open, Spice Tea Exchange or Style Encore?
- Spice Tea Exchange: $312,900 (2026 FDD · Item 7 · PDF p. 19); Style Encore: $339,200 (2026 FDD · Item 7 · PDF p. 17). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Spice Tea Exchange. Estimates are not quotes, and the FDD years may differ.
- Which has more locations, Spice Tea Exchange or Style Encore?
- Spice Tea Exchange: 196 (2026 FDD · Item 20 · PDF p. 59); Style Encore: 67 (2026 FDD · Item 20 · PDF p. 47). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
- Do Spice Tea Exchange and Style Encore disclose financial performance (Item 19)?
- Spice Tea Exchange has reviewed Item 19 figures for 1 location group; Style Encore has reviewed Item 19 figures for 18 location groups. Different location groups are not directly comparable, and revenue is not profit.
Answers restate the reviewed figures above. Not a ranking or recommendation.