Gong Cha is a renowned boba chain with more than 1,500 outlets worldwide. It was founded in Taiwan in 2006. Gong Cha has a devoted fanbase and is well known for its freshly brewed tea and personalized selections. A Gong Cha franchise costs about $40,000, with a total investment of between $200,000 and $350,000.
Koi – Koi, a boba brand with more than 300 outlets globally, was established in Taiwan in 2006. Premium ingredients and distinctive flavors like lychee rose and matcha latte are what Koi is renowned for. The estimated $37,000 franchise fee for Koi requires an overall expenditure of between $150,000 and $300,000. Chatime is a boba chain that started in Taiwan in 2005 and has now grown to more than 1,000 outlets across the globe. The utilization of premium tea leaves and seasonal ingredients is something that Chatime takes great delight in. With a total investment ranging from $150,000 to $350,000, Chatime’s franchise fee is roughly $37,000.
A successful boba tea business can be started, but it needs to be carefully thought out and prepared for. When creating your own boba tea business, take into account the following steps: Create a business plan. A business plan will assist you in outlining your objectives, target market, and financial estimates. Choosing a location is step two because it can make or break a boba tea business. Locate places with a diversified population and lots of foot activity. 3. Obtain the essential licenses and permits, such as business licenses, licences for food handlers, and a liquor license (if you intend to serve alcoholic boba). 4. Invest in tools and materials, such as boba tea makers, cups, straws, and ingredients.
One may also inquire about the cost of milk tea franchises in the Philippines.
The brand and location have an impact on the milk tea franchise cost in the Philippines. For instance, the Gong Cha Philippines franchise cost is between $30,000 and $40,000, while the Dakasi Philippines franchise charge is between $20,000 and $30,000.
Instead of being a franchise, Boba Guys is a privately held business with numerous sites in both Japan and the United States. However, they do have wholesale agreements for companies interested in selling their boba tea goods, despite not providing franchising options.
In conclusion, selecting the top boba franchise is a personal decision that is influenced by personal preferences. However, among the best boba chains with a successful track record are Gong Cha, Koi, and Chatime. Owning a boba tea business needs considerable planning and preparation, but with the appropriate plan in place, it can be a lucrative investment.