Full Answer
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.
How big is the Gong Cha industry?
It’s currently a $2 billion industry and is expected to hit $4.3 billion worldwide by 2027.* Gong cha has been instrumental in helping this fan-favorite fare sweep across the world. The global appeal of Gong cha can be traced back to our start as a local brand in Taiwan—the birthplace of bubble tea.
What is Gong Cha bubble tea?
This opens in a new window. Bubble tea is the drink sensation that’s taken the beverage world by storm. It’s currently a $2 billion industry and is expected to hit $4.3 billion worldwide by 2027.* Gong cha has been instrumental in helping this fan-favorite fare sweep across the world.
What is the best bubble tea franchise in the world?
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. Is financing available? We do not provide financing but franchisees can use their own resources. We are approved by the SBA and on the SBA Franchise Directory.
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?
How much does it cost to franchise Gong Cha?
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.
How much is Gong Cha franchise in Australia?
We provide estimated franchise costs for some countries: - In the United States, the total investment to start the Gong Cha bubble tea store is around $177,430 to $335,400. - In the Australian dollar, the investment comes around AUD 243,258 to AUD 459,836.
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 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.
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.
Is Gong Cha halal?
Status: Ingredients are from halal-certified suppliers. See all Gong Cha's menu here.
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 many Gong Cha stores are there in Australia?
Gong Cha is rapidly expanding in Australia with over 100 stores in Australia!
Does Gong Cha use real milk?
Gong Cha's milk teas are made with plant creamer so they are all non-dairy with the exception of the fresh milk series where they use whole milk. If you're looking for non-dairy, the matcha smoothie and milk foam drinks (or just milk foam as a topping) is not an option as there is milk in the krema.
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.
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.
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 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.
