Full Answer
How profitable is gong cha?
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.
Who owns Gong Cha Philippines?
In 2019, TA Associates agreed to provide growth investment to Gong Cha and later bought 100% of Gong Cha Korea. UK company GC Group BIDCO Limited bought the remaining 30% in the same year, with GC Group BIDCO renamed to Gong Cha Global in 2020, moving the global headquarters to UK.
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.
How much is the franchise of tea in the Philippines?
Their creations are made from the finest quality tea with unique flavors and refreshing taste. The franchise fee is suitable for P56,000, including a wholesome milk tea franchise with a significant social media following, proven business model, and hands-on management. The total estimated investment is P299,000.
Is Gong Cha a franchise?
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 best seller of Gong Cha?
Gong Cha Best Drinks to OrderEarl Grey Milk Tea with J.Taro Milk Foam Smoothies.Oreo Milk Foam Black Forest.Matcha Milk Foam Smoothie.Passionfruit Green Tea with QQ.Royal Milk Tea with Pearl.Milk Foam Green Tea.Milk Tea with Grass Jelly.More items...•
How much should I invest in bubble tea?
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 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 do Boba franchise owners 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.
What are the top 5 franchise in the Philippines?
Some of the best franchises in the Philippines include Jollibee, McDonald's, Phoenix Petroleum, TGP, 7-11, and Bayad Center. These businesses offer high-quality products and services (some with affordable prices), making them popular with consumers.
How much is chatime franchise in Philippines?
Chatime's franchise fee varies from P300,000 to P500,000 and the total investment is P4 million to P8 million, depending on the store format. Investing your hard-earned money in a global brand like Chatime is a good way to enter the business industry, earn profit, and make a living.
Can Starbucks be franchised in the Philippines?
Their franchising fee is at a very low P300,000, compared to the millions of pesos you will have to shell out for a Starbucks licensed store. If all those are not enough, the best thing that Star Frappe will offer is, of course, their low franchising cost.
Who is the owner of chatime Philippines?
Henry Wang Yao-Hui founded Chatime in 2005 in Hsinchu, Taiwan, under the parent company, La Kaffa Coffee.
When did Gong Cha start in the Philippines?
The first branch of Gong Cha Philippines Inc. was established in SM Mall of Asia last May 07, 2011. Commencing its successful launch, the company have secured about 32 other branches located in leading malls nationwide.
Is Gong Cha a Chinese company?
Gong Cha was originally established in 2006, in Kaohsiung, Taiwan. Now we are an international name with over 1,100 different stores in 20 countries with a worldwide reputation for serving the highest quality customizable beverages in the industry.
Who owns CoCo tea Philippines?
Tobistro FoodsOriginating in Taiwan, CoCo is operated by Tobistro Foods in the Philippines.