How to start a coco milk tea franchise?
If you are interested in franchising, Coco Milk Tea operates as an international brand. Negotiations are done through the main office over Taiwan. What we can provide you are the steps as well as the contact details of Coco Milk Tea. Step 1. Online Application, then review (2 to 3 weeks approximately)
Is COCO Fresh Tea&Juice a profitable franchise?
Particularly, CoCo Fresh Tea & Juice, commonly known as Coco Milk Tea. They might be new in the country, but they have half a decades worth of experience in selling bubble tea. You can tell it is a profitable venture given their reputation and popularity all over Asia. Wouldn’t you want to invest in a franchise of your own and rake in the cash?
What is the history of Cococo fresh tea&juice?
CoCo Fresh Tea & Juice was brought to the Philippines in 2013 by a local company called Tobistro Foods Inc. The company’s owner, Larry Evans Tan, knew that the milk tea industry in the Philippines then was already competitive, but he still decided to franchise it as he saw an opportunity to offer fresh tea and juices alongside milk teas.
How do I apply for coco milk tea?
What we can provide you are the steps as well as the contact details of Coco Milk Tea. Step 1. Online Application, then review (2 to 3 weeks approximately) Step 2. Interview through phone Step 3. Review of business proposal (2 to 3 weeks duration approximately) Step 4. Online face to face (video conference)
How much does it cost to open a CoCo bubble tea?
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 is a CoCo milk tea franchise in Canada?
The minimum amount required for a franchisee to invest is $252,100 and can go all the way up to $482,000.
Who owns CoCo tea Philippines?
Tobistro FoodsOriginating in Taiwan, CoCo is operated by Tobistro Foods in the Philippines.
How much does it cost to start 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.
Who is the owner of CoCo Milk tea?
Tommy HungCoCo is founded in 1997 by Chairman, Tommy Hung. In a world where culture blends with tea, CoCo found its core mission, 'Consistency and Continuity', to bring the highest quality of tea with unmatchable services to its customers, and began its journey in building the world's biggest bubble tea empire.
How profitable is a boba shop?
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 a barista at CoCo make?
Average CoCo Fresh Tea & Juice Barista monthly pay in the Philippines is approximately Php 11,687, which is 15% below the national average.
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.
What country is CoCo milk tea from?
TaiwanCoCo Fresh Tea & Juice (Chinese: CoCo都可) is a global bubble tea, or boba, drink franchise based in Taiwan. It was established in 1997 by Tommy Hung, the current chairman.
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.
What are the best 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 does it cost to start a milk tea business in the Philippines?
about 30,000 to 100,000 pesosIf you want to start your own Milk Tea Shop, you will invest for about 30,000 to 100,000 pesos but this is just a rough estimate. It depends on how big you want to start. Most small franchising companies offers 30,000 to 300,000 pesos packages.
How much is Chachago franchise?
Total Franchise Investment: Php2 Million – Php2.5 Million Be the next successful franchisee of Taiwan's best milk tea brand – Chachago!
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 do you franchise Turks?
4 Easy steps to own a TURKS Franchise: Attend our Business Opportunity Meeting (BOM). Application and proposed location will be evaluated for approval. Signing of the Franchise Agreement, settlement of the Franchise Fee and schedule of Franchisee Orientation.
How much is the franchise of chatime 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.
Why franchise Coco milk tea?
Here are good reasons why you should consider franchising Coco Milk Tea: Milk tea, as a product, is still a relatively fresh concept made more exciting by an unending offerings of flavors, sinkers, and toppings that appeal to the young and oldies alike.
Who owns CoCo Fresh Tea?
CoCo Fresh Tea & Juice was brought to the Philippines in 2013 by a local company called Tobistro Foods Inc. The company’s owner, Larry Evans Tan, knew that the milk tea industry in the Philippines then was already competitive, but he still decided to franchise it as he saw an opportunity to offer fresh tea and juices alongside milk teas.
How to make pearl tea?
While the tea is steeping, heat 1/2 cup of milk until it steams. Once done, transfer the steamed milk to a different container and whip it to froth. Pour and combine your milk into the tea, then add the pearls. Enjoy!
What are the top of mind brands in the milk tea industry?
During the first wave of the milk tea phenomenon in the country, companies such as Serenitea, Happy Lemon, and Cha Time emerged as top-of-mind brands. In the past years, though, growth seemed to have peaked but interestingly these days, it appears there is a resurgence of interest for milk tea.
Where is CoCo Fresh Tea and Juice located?
CoCo Fresh Tea & Juice’s history began in 1997 when founder Tommy Hung opened the first branch in Tamsui, a seaside district in Taipei, Taiwan. At present, the company has more than 3,500 outlets around the world, including branches in the United States, China, Japan, United Kingdom, Singapore, and of course, the Philippines.
Does CoCo have millennials?
Most CoCo stores are filled with long lines from yuppies and millennials, and GrabFood and FoodPanda delivery persons too, ordering the following popular variants from its menu:
Can you own a Coco franchise?
This announcement will surely break the hearts of those itching to own a Coco Fresh Tea & Juice franchise, but here’s an opportunity: you can be the franchise owner of a Coco outlet in another country.
What is Coco Duke milk tea?
Coco Duke milk tea is a milk tea brand that is loved and welcomed by many consumers.
How big is a shop?
Generally speaking, the area of a shop can be large or small, ranging from tens of square meters to a few hundreds of square meters, and the rent of the shop will naturally vary greatly. For example, the price difference between prosperous areas and remote towns is very large.
What is CoCo juice?
CoCo Fresh Tea and Juice is the largest hand-made bubble tea brand in the world. By the end of 2015, CoCo has over 2000 stores worldwide. Through the development of our comprehensive training programs, examination systems, product innovation and professional management team, CoCo has built an unique competitive advantage that transforms us from an ambitious Taiwanese entrepreneur to a global chain business.
What is tacos 4 life?
Tacos 4 Life exists to serve amazing food and empower communities to join together to fight to end world hunger. Their food is fresh, craveable, and made-from-scratch, served in a unique environment. While their food is what keeps our guest coming back, it’s our commitment to the Meal 4 Meal program that is the true difference maker at Tacos 4 Life.
Is CoCo Fresh Tea and Juice a franchise?
CoCo Fresh Tea and Juice is listed in the Franchise Directory under the Food category. It's also listed in the section for Franchises Under $10,000 .
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.
