How much does a Bambu Desserts & Drinks franchise cost?
- Initial Franchise Fee: $40,000 to $80,000
- Total Investment: $137,000 to $321,000
- Working Capital: $10,000 to $20,000
Is Bambu a franchise?
Bambu is here to stay. Bambu Franchising, LLC is offering passionate entrepreneurs the opportunity to open one or more Bambu Shoppes using Bambu's valuable intellectual property including our brand, proprietary recipes, and unique processes.
Who owns Bambu Boba?
In 2008, four Vietnamese sisters – Anh, Kelly, Jenny & Julie – open their first Bambu Shoppe in the heart of the Vietnamese community in San Jose, California.
Is Bambu a chain?
Today, Bambu has locations across 23 states, Canada, and the Philippines, where they have introduced the Vietnamese authentic Chè drink into many local communities across North America.
How do franchise fees work?
Franchise marketing fees are usually based on your monthly revenue. For instance, if your average monthly revenue is $25, 000, and the franchisor charges a 2% marketing fee, you'll have to pay your franchisor $500. (That's $6, 000 annually.)
What is Tiger sugar?
Founded in Taichung, Taiwan in 2017, Tiger Sugar is widely credited with popularizing the brown sugar boba milk drink, first in Taiwan and then internationally — though that isn't to say that the chain invented the drink.
How many Ding Tea locations are there?
1,000 storesThey use fresh ingredients to make all the teas, with no artificial flavors or preservatives. This dedication to quality has helped Ding Tea become one of the most popular bubble tea brands. Currently, Ding Tea has over 1,000 stores operated globally in Asia, Europe, Australia, and Northern America.
What is CHÈ drink?
Chè (Vietnamese pronunciation: [cɛ̂]) is any traditional Vietnamese sweet beverage, dessert soup or stew, or pudding.
What is a good franchise fee?
The average or typical royalty percentage in a franchise is 5 to 6 percent of volume, but these fees can range from a small fraction of 1 to 50 percent or more of revenue, depending on the franchise. Marketing Fees. Franchises often require participation in a common advertising or marketing fund.
How do franchise owners get paid?
How do franchise owners get paid? Franchise owners can pay themselves a salary or depending on their business entity, they may be able to take a draw from their accumulated equity.
What is the McDonald's franchise fee?
$45,000McDonald's Franchise Cost / Initial Investment / Income Most McDonald's owner/operators have entered the corporation by purchasing an existing restaurant. To open a McDonald's franchise, however, requires a total investment of $1-$2.2 million, with liquid capital available of $750,000. The franchise fee is $45,000.
Are franchise fees refundable?
Fees and royalty clause This clause mentions the non-refundable franchise fees which the franchisee has to make to the franchisor and also the one-time fees if any. Royalty clause is the non-refundable portion of the payment (usually in percentage) which the franchisee are obliged to make to the franchisor.
Is franchising a good way to make money?
Buying a franchise might seem like easy money, but those royalties and fees will quickly cut into profit margins. The majority of franchise owners earn less than $50,000 per year.
How does the franchisee pay the franchise fee to the franchisor?
A royalty fee is an ongoing fee that a franchisee pays to the franchisor. This fee is usually paid weekly, monthly, or quarterly, and is typically calculated as a percentage of gross sales.
How does owning a franchise work?
A franchise enables you, the investor or franchisee, to operate a business. You pay a franchise fee and you get a format or system developed by the company (franchisor), the right to use the franchisor's name for a specific number of years and assistance.
Information for Franchisees
Here’s what you need to know if you’re interested in opening a Bambu franchise.
Financial Requirements & Ongoing Fees
Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
Franchise 500 Ranking History
Compare where Bambu landed on this year’s Franchise 500 Ranking versus previous years.
Why is franchising a good idea?
Because, sure, you will have a lot of responsibilities, but the truth is that you won’t have as many bumps in the beginning. Because the original owners have already built the company and its reputation.
Is becoming a business owner a big decision?
Becoming a business owner is a huge decision. It’s one that can honestly change your life. But it needs to be researched properly, and you need to be sure that you are making all of the best decisions before you even get started.
Is it hard to pass up a business opportunity?
When you have an incredible business opportunity in front of you, it may be hard to pass up. In fact, if you’re new to the game and you have any opportunity set in front of you, you’re probably going to jump for joy at the sight of it. But that’s probably not the best idea.
How much does a Bambu Desserts & Drinks franchise make?
Franchise revenue depends on a wide range of factors, as does profit. How much money you can make from any franchise depends on a number of specific factors such as franchise location, labor costs, commercial lease rates and a number of other factors. Unlock this franchise for franchise-specific data and insight.
How many franchise locations do they have?
As of the 2018 Franchise Disclosure Document, there are 62 franchised Bambu Desserts & Drinks locations in the USA.
Are there any Bambu Desserts & Drinks franchise opportunities near me?
Based on 2018 FDD data, Bambu Desserts & Drinks has franchise locations in 23 states. The largest region is the West with 33 franchise locations.
