- Initial Investment: $260,000
- Net-worth Requirement: $25,000
- Liquid Cash Requirement: $100,000
- Ongoing Initial Franchise Fee: $22,500
- Ongoing Royalty Fee: 5%
Full Answer
Is HeyTea a franchise?
Chinese tea franchise Heytea is launching its first overseas store in Singapore.
How much does it cost to buy a bubble tea franchise?
between $75,000 and $500,000Most bubble tea franchises cost between $75,000 and $500,000. Large locations and those in populous cities are likely to cost on the high end of that spectrum. Kiosks and stores in shopping centers or airports tend to cost less to get started. The majority can get up and running for between $125,000 and $200,000.
Is HeyTea a public company?
Hey Tea (Chinese: 喜茶; pinyin: Xǐ Chá; Jyutping: hei2 caa4; lit....Hey Tea.HeyTea location in GuangzhouTypePrivateIndustryTea shopsFounded2012 in JiangmenChinese name12 more rows
How much does it cost to open a bubble tea shop in Singapore?
How Much Does A Bubble Tea Franchise Cost In Singapore?Costs InvolvedHow Much?Initial Franchise Fee$30,000 - $255,117Equipment and Furniture$44,000Space Rental$3,500 - $14,500 per monthCost Of Ingredient$10,000 per month3 more rows•Sep 25, 2019
Are boba shops profitable?
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.
How much should you invest in a boba shop?
The initial costs of opening a boba shop can range anywhere from $15,000 to as much as $200,000. This range is so wide because there are many factors, such as location, construction and remodeling, business licenses, technology, boba tea equipment, ingredients, and staff.
Why is Heytea so popular?
Shagun Sachdeva, Consumer Insights Analyst at GlobalData, says: “Heytea's success can be attributed to its choice of using natural ingredients, sourcing of oolong tea leaves from Taiwan and cheese from New Zealand to make fresh foam as well as the product claims such as clean labeling, 100% natural fruit juices, ...
What is Heytea famous for?
HEYTEA is famous for being the pioneer of cheese foam bubble teas, better known on their menu as Cheezo Tea.
What is Tiger sugar?
Founded in Taichung, Taiwan in 2017, Tiger Sugar is widely credited with popularizing the brown sugar boba milk drink, first in Taiwan and then internationally — though that isn't to say that the chain invented the drink.
What's the profit margin of Boba Tea?
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.
What is the markup for bubble tea?
Well, this is the most commonly asked question. A 300% markup on a beverage is the industry standard. Keeping the gross profit margins in the 75-80% range are essential in FnB retail industry.
How do you start a bubble tea franchise?
How to Start a Bubble Tea ShopIndependent or Franchisee? ... Pick a good store location. ... Design your store layout and theme. ... Write up your business plan. ... Understand how you will finance the new shop. ... Invest in the Right Equipment. ... Find a supplier who can meet your needs. ... Staff training.More items...
How much is boba time franchise?
$294,524 to $442,300The total investment necessary to begin the operation of an It's Boba Time franchise business ranges from $294,524 to $442,300. This includes the franchise fee of $40,000 that must be paid to the franchisor.
How much is a Coco bubble tea franchise?
The minimum investment amount required to open a Coco Fresh Tea & Juice franchise is $252,100 and can go all the way up to $482,000.
How much is it to open a 7Leaves?
How much does a 7Leaves Cafes franchise cost? 7Leaves Cafes has a franchise fee of up to $35,000, with a total initial investment range of $200,000 to $450,000.
How much does it cost to open a Sharetea?
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 Heytea tea cost?
HeyTea sells their gently brewed and cheese-capped tea-drinks at CNY 10 ( USD 1.5) which is a low price compared to Starbucks’. NIE Yunchen (聂云宸), founder of HeyTea implied that the company’s gross margin is far below 50%, compared with some 80 percent of many international coffeehouse chains (he might imply Starbucks), in an interview with SCMP. He also added that savings in marketing expenses have helped the company provide reasonably-priced drinks to consumers.
Where is HeyTea located?
HeyTea now sells 2,000 to 3,000 cups of tea each day in Beijing at its 100sqm outlet in Sanlitun and a 200sqm shop in Chaoyang’s popular Joy City shopping mall. Most of Nayuki outlets also opened in fashion shopping malls, with an area of more than 200sqm.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a HTeaO franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where HTeaO landed on this year’s Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where HTeaO ranked on other franchise lists? Find out below.