Although milk tea has long been a favorite beverage in Asia, the world has only recently caught on to its popularity. It’s hardly surprising that more and more people are considering franchising milk tea restaurants given the growing popularity of the beverage. The cost of franchising a Chatime, 7 Leaves, or Potato Corner, as well as how to launch your own milk tea business, will all be covered in further detail in this article.
One of the most well-known milk tea brands worldwide is Chatime. Since its 2005 establishment in Taiwan, the business has grown to include more than 1,000 locations across 30 nations. The initial franchise fee for a single Chatime business is $25,000 if you’re interested in doing so. The entire cost of franchising a Chatime, however, might vary from $100,000 to $350,000 based on the location, size, and equipment of the business.
Another well-known milk tea manufacturer, 7 Leaves, was established in Southern California in 2008. Since then, they have grown to include more than 20 locations across Texas and California. The entire cost of franchising a 7 Leaves can range from $250,000 to $500,000. The franchise fee for a 7 Leaves store is $40,000. Once more, the location and size of the store will affect the final price.
In the Philippines, Potato Corner, a well-known business serving french fries, was established in 1992. Since then, they have grown to over 1,000 locations across 12 nations. The entire cost of franchising a Potato Corner might be anywhere between $65,000 and $150,000. The franchise fee for a Potato Corner store is between $25,000 and $30,000.
There are a few things you should think about if you want to launch your own milk tea business. You must first choose a business concept. Do you wish to create a stand-alone business or a kiosk in a shopping center or other busy area? You must choose a place second. Find a location with lots of foot traffic and little nearby competitors. The third step is to make a menu and choose your distinctive cocktails. The last step is to stock up on supplies and equipment, hire staff, and promote your company. Who is the Happy Cup’s owner?
In 1997, Happy Cup, a milk tea company, was established in Taiwan. The brand is held by Taiwan-based Uni-President Enterprises Corporation, which also owns the President Cheese and Uni-President Milk food and beverage trademarks.
In conclusion, opening a milk tea franchise can be a successful business venture, but it will cost you a lot of time and money. If you’re thinking of opening a Chatime, 7 Leaves, or Potato Corner franchise, be ready to put down anything between $65,000 and $500,000. As an alternative, you need prepare to invest between $50,000 and $100,000 to launch your own milk tea company. Whatever route you take, be sure to do your homework, have a sound business plan, and concentrate on offering top-notch goods and first-rate customer service.