Is Gong Cha available in the US?
Gong Cha has opened over 1,650 cafes in 20 countries. Currently, most of the stores in the United States operate in the Northeast and the South of the United States. Gong Cha is positioned in the bubble tea industry, which is one of the entertainment drinks people of all-age turn to.
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 does it cost to open a Hot Spot franchise?
Exceptions can be made at the franchisor’s discretion for cities with high population density such as San Francisco and Los Angeles. Hot spot – readily available space! $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.
How many Gong Cha stores are there?
When did Gong Cha open in California?
Can Gong Cha California send text messages?
Is Gong Cha a franchise?
How much is cost Gong Cha franchise?
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.
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.
Who is the owner of Gong Cha?
Martin BerryMartin Berry is the Founder and Chairman of the Gong Cha Group, a leading global provider of premium teas loved by consumers in more than 20 countries and 1,600 stores across the world.
How much does it cost to franchise a Boba?
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.
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 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.
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.
What is Gong Cha famous for?
Gong cha is known across the world for its signature Milk Foam. Its creamy, sweet and savory flavor balance and whipped texture make it the perfect complement to our freshly brewed teas. Our delicious milk foam is hand-crafted for each customer and made from the freshest milk and highest quality, signature ingredients.
Is Gong Cha halal?
Status: Ingredients are from halal-certified suppliers. See all Gong Cha's menu here.
Do boba shops make money?
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 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 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.
How many Gong Cha stores are in the US?
Gong cha currently has more than 150 stores across 11 states and Washington, D.C., including New York, New Jersey, Texas, California and others. The first new stores are set to open in New Orleans in spring of 2022.
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
What is liquid capital in business?
Liquid capital refers to a specific part of the capital – your cash assets minus business expenses and liabilities. The franchise agreement will define liquid capital as the cash you need to enter into the contract. This should not be confused with a net worth or equity.
Best 10 Bubble Tea Franchise Businesses in USA for 2022
Bambu Desserts & Drinks. Founded in: 2008 Franchising since: 2008 Franchise units: 50 Initial investment: $135,000 – $318,500 Franchise Fee: $81,500 Royalty Fees: None Bambu serves distinctive Asian-inspired Che, unique boba teas, Vietnamese coffees, exotic fruit smoothies and juices ordered directly off our colorful menu or custom-made “just the way” our customers love it.
Gong Cha USA - 貢茶 - Tea Drink
Founded in 2013, Gong cha expanded its first USA Franchisee to satisfy the love for the brand for Americans and its dedicated fans with over 20 cafes throughout SF, Bay Area, and recently Atlanta, Georgia.
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 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.