Bubble Tea Franchise Comparison Table
| Franchise Name | Franchise Fee | Total Investment Cost | Liquid Capital Requirement |
| Gong Cha | $41,500 per location 4.5% of monthly sal ... | $177,430 – $335,400 per location | $150,000 |
| Bambu | $40,000 | $137,000-$321,000 | $10,000-$20,000 |
| Kung Fu Tea | $37,000 | $124,050 to $428,050 | $140,000 to $422,000 for a traditional s ... |
| Bubbleology | $30,000 5% royalty fee and 1% marketing ... | $163,000 – $284,000 | $100,000 |
Should I buy a franchise of a bubble tea shop?
It is a fact that most business people would prefer to buy into the franchise of a successful bubble tea shop than opening their own business outright. If you want to join a brand, you have to pay the franchise cost and this make up a large percentage of your startup cost. Different brands will produce different brand costs.
How much does it cost to open bee & Tea franchise?
The initial investment ranges from $163,250 to $361,600. Bee & Tea is a quick-service restaurant that specializes in bubble tea, smoothies, bao, and healthy bowls. For millennials and Generation Z, the brand has a lot of attraction. They do, however, provide possibilities for older age groups.
How much does bubble tea cost?
On average, a store charges $3.00 – $3.50 USD for a serving of bubble tea (16oz or 20oz serving). However, the approximate cost for materials to make the tea comes out at approximately $0.75 USD. That’s about a 350% markup.
How much does it cost to franchise Kung Fu Tea?
Those who want to franchise Kung Fu Tea in the United States can follow a proven ten-step process to get started. The franchise fee for a traditional store is $37,000. They also offer nontraditional options, like those in shopping centers. But those fees vary on a case-by-case basis. Total upfront costs fall between $124,050 and $428,050. 3.
What is a bee and tea?
Where is Bubbleology located?
What is 7 leaves cafe?
Is Happy Lemon a bubble shop?
Is Chatime a bubble tea company?
How much money do you need to open a bubble tea business?
To open up a bubble tea franchise, you will need a minimum of about $150,000. This money goes into paying the franchise fees, store rental, equipment, various startup fees, and to meet liquid reserve requirements. However, the above number is just an approximate starting point—the specific requirements will vary with each franchise.
How much is bubble tea worth?
In 2019 the bubble tea market was valued at $2.4 billion and projected to grow to $4.3 billion by 2027 with a CAGR (compound annual growth rate) of 7.8%.
Why is franchise important?
The franchise helps franchisees select the right location and there is a lot of room for negotiation regarding where one can open.
How much does kung fu tea cost?
The upfront costs are $37,000 for a traditional store purchase fee and $10,000 for the training fee.
Where was the first tapoica tea store?
The first Tapoica Express location opened in 1999 in the San Gabriel Valley making it one of the first bubble tea stores in the United States. Currently there are 38 Tapoica Express locations across California, Washington, and Texas.
When was bubble tea invented?
Bubble tea is a drink invented in the 1980s in Tainan and Taichung and has gained popularity around the world. With so many flavors and combinations of toppings it’s a beverage bubble tea franchises can offer with their own spin. You can serve the drink hot or cold in a large variety of flavors, making the bubble tea’s market huge.
How long is the food industry training program?
There is a 3-week training program and you don’t need previous experience in the food industry.
How much does a bubble tea shop charge?
There have been stories of locations that sell over 1,000 servings a day. On average, a store charges $3.00 – $3.50 USD for a serving of bubble tea (16oz or 20oz serving).
How much does it cost to open a bubble tea shop?
9 Factors That Determine How Much It Cost to Open a Bubble Tea Shop. When it comes to costs, a high end Bubble Tea Shop can cost over $100,000 to open and a franchise can cost even more. A successful bubble tea shop requires proper equipment, training and high quality ingredients, and these all cost money..
What is Boba tea sealer?
Boba Tea Sealer Machines are a staple at any real bubble tea shop. They create an airtight seal giving your cups an authentic look and feel. Sealer machines also save money in the long run because plastic sealer film is cheaper than traditional lids. Tea Shaker Machines.
What is a tea shaker machine?
Tea Shaker Machines will help you mix the hot tea, with powders and ice to make sure they dissolve properly and create the “bubbles” on top of the tea.
How much does it cost to get a business license?
Visit the U.S. Small Business Administration (SBA) website to find out the licensing requirements in your state. This should cost you about $750 or more.
How much does a franchise cost?
Keep in mind that for brands with a larger popularity range, the franchise fees can range from $10000 to $20000, while for micro brands with smaller fame, it is relatively less, basically $5000-$10000 is enough, and even some brands are less than $5000.
How much does it cost to open a store?
But if you are prudent with your costs, and depending on the area you want to open a shop, it is entirely possible to open up your own store for $10,000 – $40,000. When thinking of opening your store, there are a couple of things that can affect your startup cost and they include;
What is the best bubble tea franchise?
Here are the best bubble tea franchise businesses for aspiring entrepreneurs to consider: 1. Gong Cha. Gong Cha is a boba franchise that focuses on quality ingredients and creative mixes. The chain offers special features like online ordering to make it easy for customers to keep returning for more bubble tea.
How much can you make owning a bubble tea shop?
Locations, prices, and costs play a major role. However, many stores make $3 or more per serving. And materials can cost $0.75 or less. If you sell 500 products per day, you could bring in more than $30,000 per month before factoring in other expenses.
How do I start a bubble tea business?
To start your own bubble tea business, you first need to scout locations. Find something in an upscale or touristy area with plenty of walkabilities. A popular downtown location would be ideal. Then you need to source equipment and supplies. This includes blenders, stoves, tea shakers, cups, straws, tea ingredients, and tapioca pearls. You’ll also need to take care of any licensing and inspection requirements in your area.
What do I need to open a boba shop?
Equipment-wise, you’ll likely need a stove for brewing tea and making tapioca pearls. You should also consider tea shakers and blenders for specialty beverages.
What is bubbleology boba tea?
4. Bubbleology. Bubbleology is a boba tea franchise that is known for fresh tea and tapioca beverage options. In addition to bubble tea, the business also provides specialty waffle desserts that are especially shareable on social media. The company offers both single and multi-unit development opportunities.
What is bubble tea?
Email this Article. Bubble tea, sometimes referred to as boba, is a drink that usually includes tea, milk, and tapioca balls. There is a huge variety of flavors and styles. And the drink is known for being especially shareable in social media photos.
How much does it cost to franchise Sharetea?
In fact, there are currently more than 100 stores throughout North America. So it’s an international brand with some current recognition in the U.S. The company has been in operation for more than 28 years. And the team provides site selection assistance, marketing plans, and comprehensive training for new tea franchises. The franchising fee is $22,500. And startup costs range from $260,000 to $360,000.
What is Chatime bubble tea?
Bubble Tea is quickly becoming one of Canada’s favourite treats – and Chatime is the brand that started it all. As the largest bubble tea brand in Canada, Chatime has won over millions of fans, many of whom now make Chatime a part of their daily lives. With wildly innovative products that are made fresh to order, ...
Is Chatime a good business?
As a business opportunity, Chatime is as straightforward as it gets. With strong delivery and digital sales throughout the pandemic, Chatime has proven to be a resilient business model with strong profit potential. With turnkey operations that focus on profitability and efficiency, strong, high-profile collaborations with brands like Red Bull and Kellogg’s, and best-in-class training & support, Chatime is poised to continue to grow for years to come.
Is Chatime a good brand of bubble tea?
We always loved drinking bubble tea and our go-to brand was Chatime. Our sales have always been great, and more importantly, our customers come back to us over and over again. No other bubble tea brand is as fresh.
What is a bee and tea?
Bee & Tea is a modern Asian-fusion cafe that specializes in our signature boba tea beverages and a full menu of delicious food offerings. Each boba tea beverage can be personalized to the customer’s taste by infusing additional flavors, modifying sweetness levels, and adding topping choices. By owning a BEE & TEA, you will be at the forefront of a brand new concept: bringing the very finest boba tea and Pan-Asian cuisine to your community in an unrivaled urban social setting, tapping into expanding cultural and generational trends that emphasize innovative tastes, quality and customization. This fusion is the perfect recipe for success.
Where is Bubbleology located?
Bubbleology, a U.K.-based beverage leader specializing in authentic bubble tea, was founded in 2011 in the heart of trendsetting Soho, London. This is your opportunity to move into the next big retail opportunity in the U.S., with the full backing of our experts on the ground. When you invest in a Bubbleology franchise, you will not be operating through a third-party operator; instead, you will be working directly with Bubbleology™’s London headquarters. Our initial U.S.-based sites are corporate-owned. So, you will have the benefit of working with the brand originators. The market opportunity for Bubbleology™ is an exciting one, and we look forward to working with you to spread the joy of our delicious teas!
What is 7 leaves cafe?
7 Leaves Cafes are quick services coffee and tea-based drink cafes which offer the public premium drinks, snacks, and beverages. It’s simply about taking care of one another. We strive to foster a culture of being honest, humble, and understanding. Coaching instead of managing, being responsible while having fun. The 7 Leaves Cafe’s mission is to enrich and embrace the human experience through our commitment to serve the very best coffee, tea, and goodness in every cup, in every community.
Is Happy Lemon a bubble shop?
Happy Lemon is not only a bubble shop, but also a tea culture. We are responsible for every single drink and do care how to serve qualified and fresh teas for customers. We provide premium tea leaves grown in Asia, freshly brewed and hand mixed with quality ingredients onsite, and serve an outstanding drink. Until 2020, Happy Lemon has more than 1000+ stores around the world, including Taiwan, Mainland China, Japan, Korea, South East Asia, North America, United Kingdom, Australia, etc.
Is Chatime a bubble tea company?
With stores flourishing in over 50 areas & territories in 6 continents, Chatime is now considered the world’s largest Taiwanese bubble tea brand. Since its opening, the brand has expanded not just in Asia but also in Australia, Canada, Europe and the United States. Since 2005, Chatime has been serving millions of customers with their favorite cup of tea, making it part of every occasion, celebration or simply cupping a busy day at work. As a business opportunity, Chatime is as straightforward as it gets. With strong delivery and digital sales throughout the pandemic, Chatime has proven to be a resilient business model with strong profit potential.
Franchise Cost: $5,000 – $20,000
- It is a fact that most business people would prefer to buy into the franchise of a successful bubble tea shopthan opening their own business outright. If you want to join a brand, you have to pay the franchise cost and this make up a large percentage of your startup cost. Different brands will produce different brand costs. As an investor, you need...
Liability Insurance – $2,000
- Another significant cost you will incur while setting up your bubble tea business is insurance cost. You need to carry some basic insurance so as to protect your businessfrom harm. This is a requirement you cannot wish away. Your business insurance can cost you around $2000.
Shop Rent – $50,000+ Per Year
- When it comes to opening a bubble tea shopthe rent and decoration investment can be relatively large. You should note that the location and size of the shop you choose will influence your decoration and rent costs. But generally speaking, milk tea shops do not need a large area, 20 square meters is enough, so the rent for running your milk tea shop is not too high. Remember, y…
Decoration: $8,000 – $40,000
- The decoration of a bubble tea shop is relatively simple, mainly reflecting the warm and delicate feeling. Typically, you will need a bar counter and working bench, as well as a commercial kitchen. But if you are starting a bubble tea kiosk in shopping center, you will need a full kiosk set. The store needs to have a serving bar and some leisure tables, chairs, seating booth etc. So, altogeth…
Inventory and Equipment Cost – $10,000+
- The basics include gas or electric stove, blender, stirrers, shaker cups, sealer machine, refrigerator and ice maker. Most of this equipment can be bought online at sites such as Boba Tea Direct. Or search online for used equipment. You should budget about $10,000 or more for this.
Hire Staff Cost – $25,000+
- Initially, this might simply reflect what you — as your sole employee — need to take out of the business. You’ll spend less than this if you have a working mate, savings or second source of income. And you’ll spend more as your staffing needs increase. You need to keep aside around $25,000 or more for this, but that just depends of the size of your shop.
Business Running Capital: $10,000 – $20,000
- In order to open a bubble tea store, you need to prepare some funds for the operation of the store. Generally speaking, you may have to budget around $10,000-20,000 as your running cost so as to be on the safe side.
Licensure and Certification – $750
- Depending on your location and products sold, you’ll probably have to have a business license and a health permit at the very least. Visit the U.S. Small Business Administration (SBA) website to find out the licensing requirements in your state. This should cost you about $750 or more.
Logo Development, Signage and Marketing Materials – $10,000
- This might include everything from creating your logo to buying store signage and producing business cards, fliers and other sales and marketing literature. You will be looking at up to $10,000 to get this sorted out.