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How many Gong Cha stores are in the US?
In 2025, Gong Cha is projected to exceed 500 stores in the U.S. The currently available territories for new development are New York, New Jersey, Pennsylvania, Connecticut, Massachusetts, Rhode Island, New Hampshire, Oklahoma, and Texas.
Can I use the ingredients in other Gong Cha stores?
No, our ingredients can only be used in Gong Cha Stores. What separates Gong Cha between its competitors? Gong Cha is known as the best bubble tea franchisee in the world. With over 1,500 locations worldwide, we have a strong national and international brand presence.
What is the history of Gonggong Cha?
Gong cha originated in Taiwan and has 1,500 stores (and counting) globally! First franchise store opened in Hong Kong in 2009, catering to customers outside of Taiwan, it proved the international recognition of the brand and its successful business model.
How much does it cost to open a franchise in California?
$30,000 per unit developed. One-time fee that is non-refundable, non-negotiable. This cost is estimated; dependent on site size, location, and condition. It includes: Learn more about our California franchise opportunities.
How much is Gong Cha worth in 2019?
Where is Gong Cha located?
Is bubble tea the next big thing?
Is Gong Cha a franchise?
Are Gong Cha franchises profitable?
The estimated sales for a single-unit Gong Cha franchise is $370,000. In 2021, at an average 18% profit margin, it will take around 8.1 years to recoup your investment. This is longer than most franchise opportunities. You may not get an 18% profit margin which would elongate getting a return on your investment.
How much does it cost to franchise Gongcha?
What is the start-up cost for a new Gong Cha Store? The estimated initial investment for a new store can range from $177,430 – $335,400 per unit.
How much do Boba franchises make?
So bubble tea shops that have an average selling price of $5.00/cup of bubble tea and sell about 100 cups per day would make about $500/day x 350 days = $175,000 in annual revenue.
Who is Gong Cha owned by?
TA AssociatesOne goal is to open 50 company-run stores in Chicago over the next several years. Gong cha was purchased in 2019 by Boston-based private equity firm TA Associates.
How much does it cost to invest in bubble tea?
Franchise Costs In the bubble tea business, franchise opportunities are common. But along with franchising comes an initial franchise fee. This is typically just one part of the overall bubble tea franchise investment and usually ranges from $20,000 to $50,000.
How can I own a Starbucks franchise?
You can't. Starbucks Coffee doesn't franchise. Even though franchising is a classic, successful growth strategy for myriad beloved, familiar brands, Starbucks does not grant franchises. It's not because franchising isn't a time-tested model for growth.
How profitable is bubble tea business?
The average price for bubble tea is $6. Your profit margin after rent, overhead, labor, and ingredients will be about 20%. In your first year or two, you could sell 100 bubble teas per day, bringing in $220,000 in annual revenue. This would mean $44,000 in profit, assuming that 20% margin.
How much profit does a tea shop make?
After calculating extra costs to this, a cup of tea would cost you around 3.5-5 Rupees. If you own a stall and sell a cup for 10-20 Rupees, you have a profit margin of about Rs. 15. For a Chai Business, where you can set higher prices, your profits could be up to 55-60 Rs per cup.
How much capital do you need to start a milk tea business?
If you want to start your own Milk Tea Shop, you will invest for about 30,000 to 100,000 pesos but this is just a rough estimate. It depends on how big you want to start. Most small franchising companies offers 30,000 to 300,000 pesos packages.
Why is Gongcha popular?
Gong Cha is known for the high quality of their drinks using premium and refined teas which embodies the best that would have been presented to the Emperor.
Does Gong Cha use real tea?
Yes! The original milk tea (known as the signature milk tea) is just milk tea made with black tea! We offer most of our drinks with black tea, green tea, oolong tea, or Earl Grey tea.
How many Gong Cha locations are there?
It's an international Boba Tea Brand with more than 1500+ locations worldwide to serve all boba lovers.
How much does it cost to franchise chatime?
1How much is the franchise fee? What does this price include and what other costs will be incurred in addition to this price? The total franchise fee is USD 40,000~78,000.
How much is a koi franchise?
In total, the amount required to open a Koi franchise is between S$237,600 to S$421,200.
How much is Sharetea franchise?
Financial Information:Cash Investment:$100,000Franchise Fee:$48,000Total Investment:$386,900 - $492,200Royalty Fee:6% of gross monthly sales with minimum $1,200
How much does it cost to open a bubble tea shop UK?
Bubble tea franchises can cost anywhere from £10,000 to £45,000 for a single location—and it's even more for multi-unit franchise deals. The cost of a bubble tea franchise will depend on how much you're looking to grow your business and how much you're willing to pay.
How much is Gong Cha worth in 2019?
When you're searching for the next big franchise, look no further. Gong cha franchisees in the U.S. have already experienced $898,370 2019 U.S. Average Gross Revenue for the Top Quartile* and we're excited to take Gong cha even higher.
Where is Gong Cha located?
With Gong cha, you'll receive training and support from the entire team of Gong cha bubble tea masters. From our U.S. headquarters in Boston all the way to our corporate headquarters in Taiwan, we're here to help you get the most from your Gong cha franchise experience.
Is bubble tea the next big thing?
Bubble tea is positioned to be the next big thing in the beverage world, taking its rightful place among coffee and smoothies. Now is the time to get on board with the worldwide leader in bubble tea franchising-Gong cha.
Is Gong Cha a franchise?
Gong cha stands out as an international franchise, bringing delicious bubble tea to our guests and helping our franchisees achieve their entrepreneurial dreams. We feature a franchise system proven in markets throughout the U.S. and around the world as well as a premium product guests can't get enough of.
What is a Gong Cha?
What is Gong cha. “Gong cha” is an act of offering supreme quality teas to the Emperor in ancient China. Today, we at Gong cha treat all our customers as royal family and will only serve the best quality tea and beverages to you.
Where is Gong Cha tea made?
Founded in Taiwan in 2006, and brought to the USA in 2013, Gong cha is an international beverage franchise specializing in Tea, Coffee and Juice. All teas are imported from Taiwan, freshly brewed on site, and are completely customizable to provide an authentic boba tea experience. Start your business!
Is Honey Baked Ham a franchise?
The Honey Baked Ham Company, America's first and favorite ham franchise, has been serving high quality products for over 60 years. As a retail food franchise, HoneyBaked stands out with its multiple revenue streams and simple operating requirements.
Is Gong Cha a franchise?
Gong cha is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $200,000 .
How many Gong Cha stores are there?
International Brand Recognition. Gong cha originated in Taiwan and has 1,500 stores (and counting) globally! First franchise store opened in Hong Kong in 2009, catering to customers outside of Taiwan, it proved the international recognition of the brand and its successful business model.
When did Gong Cha open in California?
In the U.S., Gong cha opened its first store in California in 2013. Since then, we’ve rapidly increased our customer following and have opened 29 stores in California, with more to come, plus many stores on the east coast in numerous states to keep up with the demand for our quality drinks and stellar reputation.
Can Gong Cha California send text messages?
By clicking the “Get in touch”, you agree that Gong cha California may call, email and/or send SMS text messages to you for education and marketing activities related to your inquiry. We will only use this data for the purposes of determining if you are a suitable candidate to be a franchisee for Gong cha California. At no time will we use the data for any other purpose, or resell your data to a third party. Data and message rates may apply. Thank you.
Is Gong Cha a franchise?
Disclaimer: Information made available through this web site regarding the Gong cha franchise opportunity is for general information only and is not intended to be a franchise offer. Offers are made only after delivery of an effective Franchise Disclosure Document in compliance with applicable federal and state laws. None of the communications made through this web site should be construed as an offer to sell any Gong cha franchises in, nor is any such communication directed to the residents of, any jurisdiction requiring registration of the franchise before it is offered and sold in that jurisdiction. No Gong cha franchises will be sold to any resident of such jurisdiction until the offering has been exempted from the requirements of, or duly registered in and declared effective by, such jurisdiction and the required Franchise Disclosure Document has been delivered to the prospective franchisee before the sale in compliance with applicable law.
How much is Gong Cha worth in 2019?
When you're searching for the next big franchise, look no further. Gong cha franchisees in the U.S. have already experienced $898,370 2019 U.S. Average Gross Revenue for the Top Quartile* and we're excited to take Gong cha even higher.
Where is Gong Cha located?
With Gong cha, you'll receive training and support from the entire team of Gong cha bubble tea masters. From our U.S. headquarters in Boston all the way to our corporate headquarters in Taiwan, we're here to help you get the most from your Gong cha franchise experience.
Is bubble tea the next big thing?
Bubble tea is positioned to be the next big thing in the beverage world, taking its rightful place among coffee and smoothies. Now is the time to get on board with the worldwide leader in bubble tea franchising-Gong cha.
Is Gong Cha a franchise?
Gong cha stands out as an international franchise, bringing delicious bubble tea to our guests and helping our franchisees achieve their entrepreneurial dreams. We feature a franchise system proven in markets throughout the U.S. and around the world as well as a premium product guests can't get enough of.
