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. Sharetea Sharetea franchise locations are all about bringing fun to the milk tea beverage experience.
Full Answer
Where is milk tea popular?
What is the best milk tea in the Philippines?
What are the benefits of franchising Ochado?
How many Macao Imperial Tea outlets are there?
How many Serenitea shops are there in the Philippines?
How long is Chatime franchise?
When was Serenitea founded?
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How much is milk tea franchise in 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.
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 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.
Is chatime franchise profitable?
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.
Who is the owner of Boba Time?
John Kim - Owner at It's Boba time - Los Angeles, California, United States | LinkedIn.
Who owns Happy Lemon PH?
Chris Tiu and Friends Bring Happy Lemon to PH Searching for a milk tea business abroad to bring to the Philippines, Tiu and his friends finally found one while on a trip to Hong Kong: Happy Lemon. The group opened its first branch back in November 2010.
Who is the owner of CoCo Milk Tea?
Tommy HungIt was established in 1997 by Tommy Hung, the current chairman. CoCo has more than 4,500 locations in China, the U.S., Canada, France, Australia, the United Kingdom, the Philippines, and Japan.
How much is the franchise of Infinitea in the Philippines?
Total Investment is P300,000 to P500,000. Required space must be at least 30-40 sqm. Location must be available upon signing the franchise agreement.
How much is the capital for milk tea business?
Depending on how big your store will be, you can start with a small capital of less than Php10,000 or could need upwards of Php200,000.
Are tea shops profitable?
A tea shop on a busy intersection in a major city that offers lunch might have an annual profit of hundreds of thousands of dollars, while a shop in a small town that only sells tea might have a profit of tens of thousands of dollars after wages (including the owner's wages) and other expenses are accounted for.
What is the cost of McDonald's franchise?
Documents- ID cards, lease documents, etc. Franchise Investment Cost- In India, if anyone wants to start a McDonald's franchise in India, then their net worth should be between INR 10 to 15 Crore. Also, assets worth INR 5 Crore should be in the form of cash or liquid assets.
How much is a lollicup franchise?
Before starting a Lollicup franchise, it is important to know the franchise fee, working capital and other costs required to start the business. The minimum investment amount required to open a Lollicup franchise is $195,250 and can go all the way up to $558,250.
How many Boba Time locations are there?
It's Boba Time started back in 2003 by Eunice Pak with 40 drinks on their menu. Now, the chain has over 50 locations across California with over 140 menu items. Their popular drinks include coconut strawberry, jasmine milk tea, and taro milk tea. The restaurant also serves acai bowls, shaved ice, and coffee.
Are boba drinks healthy?
Per Iuzzolino, “boba tea is not the beneficial drink that everyone assumes it to be,” namely because the tapioca balls in the beverage, sweet and chewy though they may be, have no nutritional value, and are basically just empty calories, carbs and sugar: “Lacking any vitamins or minerals, as well as having zero fiber, ...
Top 8 Milk Tea Franchise Businesses | U-Franchise Philippines
Chatime · Share Tea · Sugar Panda · Island Tea · Frotea · Moonleaf · Majestea · Milktealicious Franchise Information. Learn How to Franchise the top milk tea brands in the Philippines.
Best Milk Tea in the Philippines for Your Cravings - Moneymax
DISCLAIMER: Moneymax strives to keep its article information accurate and up to date. The information you read may be different from what you see when you visit a partner, provider, or financial institution’s website.
Who owns Caffé La Tea?
It is owned by the four-woman team of Ciarra, Ermina, Happy, and Rona and was established in Cabanatuan City.
What is a cafe la tea?
According to its website, “Caffé La Tea was conceptualized with the aim to provide a cozy and lively place for friends to gather and chitchat, while filling their cravings for a great cup of coffee or tea, paired with the perfect dessert. ”.
Is milk tea a good business?
If you’re looking to open a milk tea business, this is a good place to start. Milk tea is one of the most popular beverages in the country today. It’s not surprising to see someone you know drink milk tea every day, willing to line up for hours or having it delivered to their doorstep. A lot of people love milk tea so much ...
Tea Talk Franchise Opportunities
Tea Talk franchise offers a proven business model. Thus, since 2019 the company has been expanding in the Philipines and grown to 28 franchise units so far. The business offers two types of concepts for different initial cost & fees and conditions. You may choose either Counter or Dine-in type one.
How to open a Tea Talk franchise?
Ensure you have adequate capitalization. In order to open the Tea Talk shop franchise, you must have a minimum initial investment of PHP 600,000.
How much does the Tea Talk franchise cost?
Tea Talk has a total initial investment range from PHP 600,000 to PHP 960,000. All inquiries for the initial franchise fee, royalty fees, ad fees, net worth requirements, and liquid cash requirements can be submitted to Tea Talk head office.
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 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.
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 does Tapioca Express come from?
Since the beginning, Tapioca Express has harvested the finest ingredients from Taiwan and continually provides quality teas, boba, and snacks. Today, Tapioca Express expands across California and into other states, including Washington, Texas, and Virginia. In our two decades of experience in brewing, we focus on nurturing and enriching communities with the finest teas, coffee, and boba.
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.
Where is milk tea popular?
The drink became popular in most parts of East and Southeast Asia. Several milk tea brands have emerged over the years since it has become famous in the country. Now, what makes a specific milk tea brand suitable for franchising. Strong brand presence and recognition by consumers.
What is the best milk tea in the Philippines?
Here are some of the best milk tea franchises in the Philippines: 1. Chatime. Chatime, as its name implies teatime, is just of the most famous milk tea houses in the country. Henry Wang Yao-Hui founded it in 2005 in Hsinchu, Taiwan.
What are the benefits of franchising Ochado?
One of the benefits of franchising Ochado is the security of enormous profit when success formulas are met, such as low-cost supplies, proper placement, and useful marketing techniques.
How many Macao Imperial Tea outlets are there?
In the Philippines alone, it already has forty outlets worldwide, most of which are located in Manila. Macao Imperial Tea is proud to serve its customers with top-most quality controlled drinks and foods.
How many Serenitea shops are there in the Philippines?
Currently, Serenitea has over fifty (50) shops all over the country in ten years. Learn more about Serenitea's franchise information.
How long is Chatime franchise?
The Chatime franchise package includes a contract term of three (3) years. Its franchise model is individual, which means that most of your sales go to you and a small part to Chatime. Store location has to be 40 to 60 sqm, with at least four (4) to eight (8) staff members for the store’s operation.
When was Serenitea founded?
Serenitea. Serenitea was founded in 2008. Contrary to other popular milk tea brands available in the Philippines, Serenitea started in the said country. Juliet Herrera and Peter Chen began their line and brand of milk tea after the latter immersed himself in Taiwan to study tea.
