Which Age Group Drinks Bubble Tea the Most?

A Taiwanese beverage known as bubble tea has become extremely popular all over the world, particularly among young people. Tea, milk, and chewy bubbles or pearls give the beverage its distinctive texture. Since bubble tea has recently gained international acclaim, numerous franchisees have sprung up to accommodate the demand. Who consumes bubble tea the most, though?

Market data shows that those between the ages of 18 and 35 are the most likely to drink bubble tea. Students and young professionals who enjoy specialty cocktails and are open to new experiences typically make up this age group. Though to a lesser level, it is important to note that older adults and teenagers are also big fans of bubble tea.

Many businesspeople are trying to launch their own bubble tea franchises as the demand for the beverage rises. Chatime, which has a minimal initial investment and offers significant training and support to its franchisees, is one of the easiest franchises to launch. Depending on the location and size of the business, the Chatime franchise fee ranges from $25,000 to $37,500. Another well-known chain that has expanded its menu to include bubble tea is Starbucks. The franchise fee for Starbucks is considerably more expensive, ranging from $40,000 to $90,000, and necessitates a considerable outlay for supplies and equipment. However, Starbucks is a well-known brand with a committed consumer base, making it a fruitful business prospect for seasoned business owners.

In addition to franchising, some business owners decide to buy a milk fridge franchise in order to launch their own milk tea company. Franchises for milk fridges are available from businesses like Bubble Tea Supply for as little as $3,000, which includes all of the necessary tools and supplies to launch a bubble tea business from scratch.

Chachago, which specializes in Taiwanese milk tea and fruit tea, is a well-known franchise in the bubble tea sector. The overall investment needed, including the franchise fee and other startup expenditures, is between $150,000 and $200,000 for Chachago. The franchise price ranges from $20,000 to $30,000.

In conclusion, even if bubble tea is favored by people of all ages, the 18 to 35 age range has the biggest demand. Starting a bubble tea franchise can be a successful business venture. Chatime and Chachago are two well-liked franchise concepts for business owners with various degrees of experience and financial resources. However, before starting a new company venture, it’s crucial to conduct extensive study and weigh all the expenditures.