Bubble tea, sometimes referred to as milk tea or boba tea, has gained popularity not only in Asia but also throughout the rest of the world. It makes sense that many business owners are considering launching their own bubble tea venture given its distinctive flavor and entertaining toppings. If you’re considering starting a bubble tea franchise in the Philippines, you may be curious about the price.
Depending on the brand and location, a bubble tea franchise in the Philippines might range in price. In the Philippines, popular bubble tea chains include Chatime, Gong Cha, Coco, and Macao Imperial Tea. The initial investment for a bubble tea business may range from Php 300,000 to Php 2 million, according to sources. This covers the franchise fee as well as any necessary supplies, tools, and other costs. A single franchise might run between Php 400,000 and Php 800,000.
Along with the franchise fee, you need also think about the price of supplies and equipment. A refrigerator, a tea brewing machine, a mixer, a sealing machine, and other supplies are required to launch a bubble tea business. These devices can range in price from 150,000 to 300,000. Additionally, you must purchase components like tea leaves, milk, sugar, and toppings. These might range in price from Php 50,000 to Php 100,000.
You can launch your own bubble tea business from scratch if you don’t want to make an investment in a franchise. Since there is no franchise cost, this may be less expensive. Since you must create your own brand and create your own recipes, you must conduct extra study and planning. Starting a milk tea company from beginning can cost anywhere between Php 100,000 and Php 500,000.
You need a terrific location, an original menu, and top-notch customer service to launch a successful bubble tea business. To draw customers, you also need to have a solid marketing plan. Now is a fantastic moment to launch your own business because of the Philippines’ rising demand for bubble tea.
In conclusion, based on the brand and region, the price of a bubble tea franchise in the Philippines can range from Php 300,000 to Php 2 million. The price to launch your own milk tea business might be anywhere between Php 100,000 and Php 500,000. You need a great location, an original cuisine, and top-notch customer service to make your business successful. Additionally, you need spend money on the appropriate tools, such as a refrigerator, a blender, a sealing machine, and a tea brewing machine.