How much does a Gong Cha franchise cost?
- Initial Franchise Fee: $30,000
- Total Investment: $217,800 to $498,000
- Working Capital: $60,000 to $80,000
- Royalty Fee: 6.0%
Full Answer
How profitable is Gong Cha?
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.
How much does it cost to buy 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 owns Gong Cha Philippines?
In 2019, TA Associates agreed to provide growth investment to Gong Cha and later bought 100% of Gong Cha Korea. UK company GC Group BIDCO Limited bought the remaining 30% in the same year, with GC Group BIDCO renamed to Gong Cha Global in 2020, moving the global headquarters to UK.
How much is the franchise of tea in the 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 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.
How much should you invest in a boba 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.
Is Gong Cha Korean or Chinese?
Gong Cha is the act of offering tea to the Emperor in ancient China as a tribute. This tea consumed by Chinese Emperors is of the best quality collected throughout the kingdom. Gong Cha was originally established in 2006, in Kaohsiung, Taiwan.
What does Gong Cha stand for?
Tribute tea“Gong cha” is the act of offering tea to the Emperor in ancient China. Tea is offered as tribute to the Emperor. Tribute tea or Gong cha consumed by Chinese emperors is therefore of the best quality collected throughout the kingdom.
How many Gong Cha stores are in the US?
150 storesGong 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. Across the U.S., Gong cha is projected to exceed 500 stores by 2025.
How much is a Boba time franchise?
$289,524 to $437,300The total estimated investment necessary to begin operation of an It's Boba Time franchise ranges from $289,524 to $437,300. This includes the franchise fee of $35,000 that must be paid to us, the Franchisor.
How much do you need to start a Milktea business?
If 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 do I start a milk tea business?
How to start a Milk Tea BusinessChoose the best milk tea recipe suitable for your area. Be sure that your milk tea recipe and concept will drive every possible customer in your shop. ... Be original. ... Understand your market. ... Love your staff. ... Register your Business.
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 is it to open a 7Leaves?
How much does a 7Leaves Cafes franchise cost? 7Leaves Cafes has a franchise fee of up to $35,000, with a total initial investment range of $200,000 to $450,000.
Is boba tea company a franchise?
Bubble tea franchise business is a trend in the food and beverage industry, which became popular among Americans. The selling point is boba tea which is prepared by means of mixing tea blend with fruit juices, fruit or milk. To be honest, top Bubble tea franchise opportunities are not limited by serving only one drink.
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!
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.
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 many Gong Cha stores are there?
International Brand Recognition. Gong cha originated in Taiwan and has 1,500 stores (and counting) globally! First franchise store opened in Hong Kong in 2009, catering to customers outside of Taiwan, it proved the international recognition of the brand and its successful business model.
When did Gong Cha open in California?
In the U.S., Gong cha opened its first store in California in 2013. Since then, we’ve rapidly increased our customer following and have opened 29 stores in California, with more to come, plus many stores on the east coast in numerous states to keep up with the demand for our quality drinks and stellar reputation.
Can Gong Cha California send text messages?
By clicking the “Get in touch”, you agree that Gong cha California may call, email and/or send SMS text messages to you for education and marketing activities related to your inquiry. We will only use this data for the purposes of determining if you are a suitable candidate to be a franchisee for Gong cha California. At no time will we use the data for any other purpose, or resell your data to a third party. Data and message rates may apply. Thank you.
Is Gong Cha a franchise?
Disclaimer: Information made available through this web site regarding the Gong cha franchise opportunity is for general information only and is not intended to be a franchise offer. Offers are made only after delivery of an effective Franchise Disclosure Document in compliance with applicable federal and state laws. None of the communications made through this web site should be construed as an offer to sell any Gong cha franchises in, nor is any such communication directed to the residents of, any jurisdiction requiring registration of the franchise before it is offered and sold in that jurisdiction. No Gong cha franchises will be sold to any resident of such jurisdiction until the offering has been exempted from the requirements of, or duly registered in and declared effective by, such jurisdiction and the required Franchise Disclosure Document has been delivered to the prospective franchisee before the sale in compliance with applicable law.
