What is Boba Loca?
Is Chatime a bubble tea company?
How much does a Boba time franchise make?
When you go to sell a Boba Time franchise based on the median multiple of 0.44 and net sales of $745,131, it would sell for $327,857. This is approximately the same as the midpoint initial investment of $368,412.
Is its Boba time a franchise?
They are personally committed in providing a cost-competitive franchise service for its Franchisees. It's Boba Time intends to share with their Franchisees every and all accumulated retail experiences from the wildest successes to its most difficult past failures.
How much does it cost to franchise 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.
Who is the owner of Boba Time?
John Kim - Owner at It's Boba time - Los Angeles, California, United States | LinkedIn.
Where did Boba time originate?
Its Boba Time was founded by Eunice Pak and has expanded from a small shop in Los Angeles to franchise over 50 locations across California. Their philosophy is to provide customers with ingredients and quality that they would bring home to their own families.
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 does it cost to open a milk tea 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 do you start a bubble tea business?
How to Start a Bubble Tea ShopIndependent or Franchisee? ... Pick a good store location. ... Design your store layout and theme. ... Write up your business plan. ... Understand how you will finance the new shop. ... Invest in the Right Equipment. ... Find a supplier who can meet your needs. ... Staff training.More items...
Can I make my own Boba?
Cooking Boba Boil 8 cups of water and add the dry tapioca pearls. Allow this to cook on for 6-8 minutes on medium-high heat. Turn to low heat and allow this to cook for another 5-10 minutes. Remove the tapioca pearls from the boiling water once these begin to float to the surface.
How much does it cost to open a Sharetea?
Financial Information:Cash Investment:$100,000Franchise Fee:$48,000Total Investment:$386,900 - $492,200Royalty Fee:6% of gross monthly sales with minimum $1,200
How much is the franchise of happy lemon?
How much does the Happy Lemon franchise cost? Happy Lemon has a franchise fee of up to $40,000, with a total initial investment range of $309,000 to $509,000.
When do Boba Loca fees start?
These fees begin on the very first month of your new franchise operation and are required to maintain the franchise, so having capital available to cover these fees if initial sales aren’t high enough to cover them is mandatory. Cash liquidity and net worth are evaluated by Boba Loca USA on an individualized basis.
Where was Boba tea invented?
Review of the Boba Tea Franchise Opp and Startup Costs. Boba tea, which is also called “bubble tea,” was invented in Thailand in the 1980’s by local tea shops. It’s basically just tea mixed with tapioca pearls, making for a refreshing, sweet, almost smoothie like experience that can be quite addictive! Because it is one of the fastest growing ...
What is the name of the bubble tea company?
Operating under the franchise name Jasmine Smoothie World and Bubble Tea, TengFei Inc. has a primarily East Coast focus for additional franchises in this market. Their franchise terms are very straight-forward:
How many square feet does a franchise store have?
The typical franchise has a location that is between 800 to 1500 square feet.
Is Boba tea addictive?
It’s basically just tea mixed with tapioca pearls, making for a refreshing, sweet, almost smoothie like experience that can be quite addictive! Because it is one of the fastest growing drinks in popularity right now, finding the right boba tea franchise opportunity could be a wise investment for you. There are several opportunities available right ...
Is bubble tea falling out of popularity?
In many areas of the United States, bubble tea is falling out of popularity and even though there are always raving reviews and return customers, a business needs sustained returns in order to survive.
Is Starting a Boba Tea Franchise the Right Choice To Make?
Before considering a Boba tea franchise, extensive market research needs to be done in your local community to determine if it would be successful. In many areas of the United States, bubble tea is falling out of popularity and even though there are always raving reviews and return customers, a business needs sustained returns in order to survive. For that reason, many stores are offering sandwiches, coffee, smoothies, and even pudding as product alternatives in order to remain afloat.
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NOTE: This BizBen Posting #253362 Boba Time Franchise - With Kitchen Hood in Orange County is currently INACTIVE Today (Either: It's In Escrow, It's Sold, or Is Off The Market Temporarily) - Please See Today's ACTIVE Postings below that match this posting's attributes.
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Absentee owner premium plant based juice bar. Strong brand with more than 150 locations. Turn-key Franchise, Seller is mostly absentee (working about 5 hours per week) with manager & shift leads in place. 2019 SDE was $91k and 2020 SDE was $83k.
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How much does a Boba Loca franchise make?
Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
How many franchise locations do they have?
As of the 2013 Franchise Disclosure Document, there are 21 franchised Boba Loca locations in the USA.
What is franchise grade?
Franchise Grade is dedicated to providing research and education that can help you make confident franchise investment decisions.
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.
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.
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 is Boba Loca?
Boba Loca is a boba tea franchise that focuses on providing a welcoming customer experience. In addition to bubble tea, the company provides a wide array of snacks, juice, pastries, and a full espresso bar. Franchisees must work in their stores and previous restaurant or franchising background is preferred. But the company provides a dedicated process for getting new stores up and running. Currently, many of the franchise locations are in California. But there are opportunities available in other markets as well. The franchise fee is $14,000. And upfront costs range from $88,445 to $325,955.
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 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 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.
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 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%.
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.
What is Boba Loca?
Boba Loca is the leading importer & manufacturer of Boba Tea drinks like taro , popping bo ba, honeydew, milk tea and much more. Boba Loca has quickly become the leader of the Boba world and the standard by which all others are measured. The cozy, fun atmosphere creates the perfect environment for the generally young consumers who are looking for someplace to relax and get refreshed. Boba Loca locations also operate a full espresso bar for consumers who prefer a more traditional coffee beverage. With our free internet service this also makes us an internet cafe. Our franchise system is easy to understand. Our operating systems are simple, logical, efficient and user-friendly.
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.
