Start a bubble tea business by following these 10 steps:
- Plan your Bubble Tea Business
- Form your Bubble Tea Business into a Legal Entity
- Register your Bubble Tea Business for Taxes
- Open a Business Bank Account & Credit Card
- Set up Accounting for your Bubble Tea Business
- Get the Necessary Permits & Licenses for your Bubble Tea Business
- Get Bubble Tea Business Insurance
- Define your Bubble Tea Business Brand
Full Answer
How much does it cost to open a bubble tea shop?
With its iconic “fat straw”, you are able to slurp down delicious flavored tea with chewy boba at the same time. A high-end Bubble Tea Shop can cost over $100,000 to open and a franchise can cost even more. A successful bubble tea shop requires proper equipment, training, and high-quality ingredients. These all cost money, but don’t worry!
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 bee & Tea franchise?
The initial investment ranges from $163,250 to $361,600. Bee & Tea is a quick-service restaurant that specializes in bubble tea, smoothies, bao, and healthy bowls. For millennials and Generation Z, the brand has a lot of attraction. They do, however, provide possibilities for older age groups.
How much does it cost to franchise Kung Fu Tea?
Those who want to franchise Kung Fu Tea in the United States can follow a proven ten-step process to get started. The franchise fee for a traditional store is $37,000. They also offer nontraditional options, like those in shopping centers. But those fees vary on a case-by-case basis. Total upfront costs fall between $124,050 and $428,050. 3.
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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.
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 make bubble tea?
On average, a store charges $3.00-$3.50 USD for a serving of bubble tea (16oz or 20oz serving). However, the approximate cost for materials approximately $0.75 USD to make. That's about a 350% markup.
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 weakness of milk tea shop?
Weakness/es It only offers milk tea. It doesn't have an actual shop to accommodate its customer. Its place is not convenient to its customer because it was located in a barrio. It doesn't offer variety of food and beverages.
What is the most popular bubble tea brand?
Kung Fu Tea is America's largest bubble tea brand with locations across the U.S., including its shop in Cincinnati, OH. The company prides itself on its use of fresh ingredients and real tea leaves handpicked in Taiwan.
Is it cheaper to make your own bubble tea?
It is often cheaper to make your own bubble tea from scratch. However, both tapioca pearls and boba drink might be time-consuming to make. A bubble tea kit is a good choice to save money and get the same tea shop quality.
Does Starbucks have boba tea?
Starbucks does not have boba because they are a coffee shop, not a tea house (even though they have partnered with Teavana). Starbucks is mainly known for its specialty coffees, their popular iced coffee drinks, and other beverages such as iced teas, so having tapioca pearls on the Starbucks menu would be out of place.
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.
Is a tea shop profitable?
A tea shop on a busy intersection in a major city that offers lunch might have an annual profit of hundreds of thousands of dollars, while a shop in a small town that only sells tea might have a profit of tens of thousands of dollars after wages (including the owner's wages) and other expenses are accounted for.
How do you promote bubble tea?
5 Marketing Strategies for Bubble Tea ShopsUse seasonal packaging.Go eco-friendly.Offer new and exciting flavors.Offer snacks and other food items.Give rewards to loyal customers.
How do I start a Milktea 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 profit does a tea shop make?
After calculating extra costs to this, a cup of tea would cost you around 3.5-5 Rupees. If you own a stall and sell a cup for 10-20 Rupees, you have a profit margin of about Rs. 15. For a Chai Business, where you can set higher prices, your profits could be up to 55-60 Rs per cup.
What is the target market of milk tea?
Students are the target audience of milk tea, and the consumption scenario happens when customers go window- shopping. The concept of health is rooted in the customers when selecting the products. The leisure and casual atmosphere and environment are most significant when consumption occurs.
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 bubble tea in Philippines?
Bubble Milk Tea - Regular: ₱120 / Large: ₱130. Okinawa Milk Tea - Regular: ₱120 / Large: ₱130. Creme Okinawa - Large: ₱150.
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 th...
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...
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 m...
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 walkabilitie...
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 cus...
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 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.
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.
What is bubble tea?
Email this Article. Bubble tea, sometimes referred to as boba, is a drink that usually includes tea, milk, and tapioca balls. There is a huge variety of flavors and styles. And the drink is known for being especially shareable in social media photos.
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.
What is a bee and tea?
Bee & Tea is a modern Asian-fusion cafe that specializes in our signature boba tea beverages and a full menu of delicious food offerings. Each boba tea beverage can be personalized to the customer’s taste by infusing additional flavors, modifying sweetness levels, and adding topping choices. By owning a BEE & TEA, you will be at the forefront of a brand new concept: bringing the very finest boba tea and Pan-Asian cuisine to your community in an unrivaled urban social setting, tapping into expanding cultural and generational trends that emphasize innovative tastes, quality and customization. This fusion is the perfect recipe for success.
Where is Gong Cha located?
Founded in 2006 in Kaohsiung, Taiwan; Gong Cha today is one of the most recognized bubble tea brands around the world. Known for quality tea and service, Gong Cha has withheld its reputation against many existing competitors. Bubble tea is positioned to be the next big thing in the beverage world, taking its rightful place among coffee and smoothies. Now is the time to get on board with the worldwide leader in bubble tea franchising - Gong cha. With Gong cha, you'll receive training and support from the entire team of Gong cha bubble tea masters.
Where does Tapioca Express come from?
Since the beginning, Tapioca Express has harvested the finest ingredients from Taiwan and continually provides quality teas, boba, and snacks. Today, Tapioca Express expands across California and into other states, including Washington, Texas, and Virginia. In our two decades of experience in brewing, we focus on nurturing and enriching communities with the finest teas, coffee, and boba.
Where is Bubbleology located?
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. When you invest in a Bubbleology franchise, you will not be operating through a third-party operator; instead, you will be working directly with Bubbleology™’s London headquarters. Our initial U.S.-based sites are corporate-owned. So, you will have the benefit of working with the brand originators. The market opportunity for Bubbleology™ is an exciting one, and we look forward to working with you to spread the joy of our delicious teas!
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.
What is 7 leaves cafe?
7 Leaves Cafes are quick services coffee and tea-based drink cafes which offer the public premium drinks, snacks, and beverages. It’s simply about taking care of one another. We strive to foster a culture of being honest, humble, and understanding. Coaching instead of managing, being responsible while having fun. The 7 Leaves Cafe’s mission is to enrich and embrace the human experience through our commitment to serve the very best coffee, tea, and goodness in every cup, in every community.
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.
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.
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%.
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 many Jazen locations are there?
Established in 2012 in San Jose California, Jazen Tea was created on the founding principles of freshness. The company now has 18 locations across the globe and is offering new franchisees to join.
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.
What states regulate franchises?
Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of or want to locate a franchise in one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your state.
Where is bubbleology located?
Bubbleology™ was founded in the heart of London, Soho, in April 2011, and has since expanded Internationally. We are not just a tea & waffle brand, we are a virant lifestyle brand, with key partnerships with major retailers. And we have partnered, over the years, with many popular fashion brands!
Is Bubbleology a family friendly company?
Bubbleology™ Teas & Waffles are loved by people of all ages, and are served in a family-friendly environment. Together with our delicious drinks, waffles and brand experience, we have the perfect recipe for happy customers, which means healthy opportunities for franchise owners.
