How much does it cost to open a bubble tea shop?
Franchise bubble tea shops will cost you more money to start with some franchise fees starting out as high as $100,000! The benefit of starting a franchise is that you have a well-oiled machine with an already established brand and customer base.
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?
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)
What is the best bubble tea franchise to start?
11 Bubble Tea Franchises and Their Startup Costs. 1 Kung Fu Tea. In 2009, the founders Michael, Allen, and Ray got back from Taiwan and drank bubble tea in Queens. It’s not the same kind of drink that ... 2 Bubbleology. 3 Sharetea. 4 Bee & Tea. 5 7 Leaves. More items
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 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 owns CoCo Fresh tea?
Tommy HungCoCo 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 is CoCo franchise cost in Canada?
The minimum amount required for a franchisee to invest is $252,100 and can go all the way up to $482,000.
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.
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 long has CoCo bubble tea been around?
CoCo 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.
Who owns CoCo Philippines?
Tobistro FoodsOriginating in Taiwan, CoCo is operated by Tobistro Foods in the Philippines.
Who invented boba tea?
Liu Han ChiehThis sweet and refreshing beverage can be traced back to Taichung City in Taiwan in the 1980s. It was first created by Liu Han Chieh, who combined milk tea with black tapioca balls. The drink became popular with students, who would buy it from street vendors for breakfast or a snack.
What is Coco franchise?
Company Owned Company Operated (COCO) - COCO is a model where the franchise store unit is owned by the brand and is run by the brand. It has nothing to do with franchising in the least. As a result, the franchise is funded entirely by the company. Employees of the brand run the franchise.
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.
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 does it cost to start a Milktea business?
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 does it cost to start a tea shop?
Ans- The lowest cost model and can be set up with a minimal investment of Rs. 50,000 for Tea Shop Business Plan or Chai Business in India. Tea is offered to the customers in paper cups or kulhads. The stalls can sell other items such as bread toast, cigarettes, tobacco, noodles, omelettes, along with tea.
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
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.
Bubble Tea Market Growth and Other Data
The bubble team market is driven by flavor and the need to find a healthier alternative to creamer-filled coffee. 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%.
Are Bubble Tea Franchises Profitable?
Franchises in most expanding marketplaces are likely to be profitable if the right conditions are created. For example, we know that black tea is currently the biggest seller with Asians being the primary market. Franchisees can use this information to set the location in the right neighborhood and choose a menu to meet the demand.
Bubble Tea Franchise Versus Going Independent
Should you choose a franchise or independent shop model? The answer depends on various factors. Firstly, you need to know if the upfront costs of a franchise model are higher. You need to pay the company for the package and it’s a fee that’s set by them.
What Are the Costs Associated with Starting a Bubble Tea Franchise?
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.
Info About Each Franchise
Gong Cha was founded in 2006 and has its headquarters in Kaohsiung, Taiwan. It is one of the most popular bubble tea brands in the world today. The name translates to “tribute tea for the emperor”. The franchise has over 1,500 locations worldwide across 15 countries and that number is constantly growing.
Conclusion
In this overview of the top bubble tea franchisees you might have spotted a pattern. The majority start off in Asia or California and have the aim of expanding globally. Also, the bubble tea market is set to roughly double in the next 7 years.
Brief History of the Coco Milk Tea Franchise
Coco Fresh Tea & Juice was established on October 2013 in Taiwan. In this timeframe, it was able to gather a cult following, and eventually expand to a broader market globally.
Coco Milk Tea Franchise Information
What’re the requirements to become a partner of CoCo Fresh Tea and Juice?
Procedure in acquiring 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.
Bubbleology
Bubbleology, a U.K.-based beverage leader specializing in authentic bubble tea, was founded in 2011 in the heart of trendsetting Soho, London. This is your opportunity to move into the next big retail opportunity in the U.S., with the full backing of our experts on the ground.
Boba Loca
Boba Loca is the leading importer & manufacturer of Boba Tea drinks like taro, popping boba, 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.
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Premium bubble tea brand with 16 locations in New York and New Jersey and 4500 stores around the world.
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Bubble Tea Franchise Opportunities
Here are the best bubble tea franchise businesses for aspiring entrepreneurs to consider:
How much does it cost to start a bubble tea business?
Most 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.
Is owning a bubble tea business profitable?
The profitability of owning a bubble tea shop depends on your market. If you’re in a trendy or affluent area, you’re more likely to earn enough to offset your expenses. The industry is still experiencing growth. So it is certainly possible to build a profitable business in this market.
How much can you make owning a bubble tea shop?
The amount you can earn with a bubble tea shop depends on your store volume. 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.
What do I need to open a boba shop?
First, you need a location. This should be a retail storefront that has enough space for your equipment, countertops, sinks, staff, and a small customer area. 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.
