Franchise Facts Report → brands → Spice & Tea Merchants
Spice & Tea Merchants franchise — is it worth it?
Medium risk Growing network Item 19 disclosed
Spice & Tea Merchants is a retail franchise opportunity with a moderate initial investment range of $90,000 to $191,500.
Everything below is free, read straight off Spice & Tea Merchants's registered filing, with where the numbers land against retail peers. Weighing Spice & Tea Merchants against other options? Get a free shortlist of franchises that fit your budget.
Figures above are as disclosed in Spice & Tea Merchants's most recent FDD (registered 2026). Source: Wisconsin Dept. of Financial Institutions — Franchise Registration · filing 641689 — check it yourself. See every other Wisconsin-registered franchise.
Considering Spice & Tea Merchants? See what else fits your budget
Tell us your budget and the industries you're open to. We'll match you with 5–10 franchises whose own FDDs fit — ranked by earnings disclosure, growth and closure rate — and email you the list. Spice & Tea Merchants will be on it if it fits.
How much does a Spice & Tea Merchants franchise make?
Spice & Tea Merchants is one of the franchisors that answers this on the record: its most recent FDD makes an Item 19 financial performance representation — actual unit earnings figures, disclosed by the franchisor itself. The headline figure is $354,459 in average unit revenue — read it alongside what Item 19 says about which units it covers (often only mature or top-performing locations). See every retail brand that discloses earnings in the Retail franchises with disclosed Item 19 earnings ranking.
Spice & Tea Merchants franchise profit vs. revenue
Revenue is not profit. An Item 19 almost always reports sales — what a location takes in — not what an owner keeps. Out of that number come Spice & Tea Merchants's 7% royalty, the ad fund, rent, payroll, supplies and debt service. No FDD tells you a Spice & Tea Merchants franchise's profit, because profit depends on your site, your rent and how you run it — so treat any "Spice & Tea Merchants franchise profit" figure quoted elsewhere as someone's estimate, not a disclosure. On $354,459 of revenue, a 7% royalty alone is about $24,812 a year before any other cost.
Spice & Tea Merchants lawsuits & legal history (FDD Item 3)
Spice & Tea Merchants's most recently filed Franchise Disclosure Document (2026) does disclose 1 legal proceeding in Item 3 . Item 3 is the item where a franchisor must put its material legal history on the record. Two things it is not: it covers the franchisor and its predecessors, parents and affiliates, so a disclosed case is not necessarily a suit against Spice & Tea Merchants itself; and a disclosure is a fact, not a finding of wrongdoing — most entries are contract disputes with former franchisees, which every large system accumulates. 1 of those proceedings were brought by franchisees against the franchisor — the split that actually matters, because franchisees suing their franchisor is the signal a buyer is looking for. Item 3 of the source FDD describes each case.
Spice & Tea Merchants closures & failure rate
Before you sign, Spice & Tea Merchants will hand you a list of current owners to call as references — and they choose who's on that list. It won't include the owners who quit, got bought out, or were forced out last year. The FDD does report that number, even though the reference list leaves those people off. Below is what Spice & Tea Merchants's most recent filing shows, and whether it's normal for a retail of this kind.
The closest thing an FDD has to a failure rate is Item 20 — outlet openings, closures, terminations and non-renewals, reported by the franchisor. Spice & Tea Merchants's latest tables show a growing franchised network. Net franchised outlets moved +4 to 13 in the latest reported year.
Who owns Spice & Tea Merchants?
Spice & Tea Merchants's franchise is offered by Spice Merchants Entities Corp. — the franchisor named on the cover of its most recently filed Franchise Disclosure Document (2026), and the entity a franchisee actually signs with. That name comes straight off the filing at WI DFI; it identifies the franchisor, not necessarily the ultimate parent company behind it.
Retail franchises at a similar investment level
Anyone weighing Spice & Tea Merchants is really weighing it against the other brands their money could go into. These are the closest by total initial investment (FDD Item 7), each with its own FDD-based page.
Spice & Tea Merchants franchise — frequently asked
Who owns Spice & Tea Merchants — who is the franchisor?
Spice & Tea Merchants's most recently filed FDD (2026) names Spice Merchants Entities Corp. as the franchisor — the entity you would actually sign the franchise agreement with, as stated on the disclosure document itself. A registry filing names the franchisor, not necessarily its ultimate parent company.
How much does a Spice & Tea Merchants franchise cost?
Spice & Tea Merchants's most recently filed FDD (Item 7) puts the total estimated initial investment at $90,000 – $191,500 and a 7% royalty. That price is the franchisor's own estimate of what it takes to open, not a quote. Against retail peers it sits in the top quartile (median $319,750).
How much profit does a Spice & Tea Merchants franchise make?
Spice & Tea Merchants discloses unit earnings in Item 19, but that figure is revenue — sales — not profit. Royalties (7% of gross for Spice & Tea Merchants), the ad fund, rent, payroll and supplies all come out of it, and no FDD discloses what an owner nets. Any Spice & Tea Merchants franchise profit number quoted elsewhere is an estimate. The headline figure Spice & Tea Merchants discloses is $354,459 in average unit revenue.
Does Spice & Tea Merchants disclose financial performance (Item 19)?
Yes — Spice & Tea Merchants reports unit-level earnings in Item 19. The headline figure is $354,459 in average unit revenue, as the franchisor states it.
Are there lawsuits against Spice & Tea Merchants?
Spice & Tea Merchants's most recently filed FDD (2026) discloses 1 legal proceeding in Item 3. Item 3 covers the franchisor, its predecessors, parents and affiliates — so a disclosed case is not necessarily a suit against Spice & Tea Merchants itself, and a disclosure is not a finding of wrongdoing. 1 of the disclosed proceedings were brought by franchisees against the franchisor.
Is Spice & Tea Merchants a good franchise to buy?
Nobody can answer that from Spice & Tea Merchants's numbers alone — it comes down to how its investment, earnings, litigation and franchisee churn stack up against retail peers and against your own budget. Our read on this filing is medium risk. Every figure behind that read is on this page for free. If you're comparing options, the free shortlist on this page matches you with 5–10 franchises that fit your budget and industry.
Get a free email when something changes on Spice & Tea Merchants or retail: a new FDD registration, a new lawsuit, an outlet count that shifts, or Item 19 earnings going from undisclosed to disclosed. Pulled straight from the same state registries this page is built on.