One of the most well-known brands of bubble tea in the world is Gong Cha. Gong Cha has more than 1,500 locations in more than 20 countries, making it well-known among fans of the beverage. What does it cost to operate a Gong Cha franchise, if you’re thinking of beginning your own bubble tea business? The costs of starting a Gong Cha franchise and those of other well-known bubble tea chains like Machi machi and Chatime will be covered in this article.
A Gong Cha franchise requires a $40,000 initial franchise fee. The franchise license and training course are both included by this charge. A Gong Cha franchise can be opened with a total investment of between $150,000 and $350,000. This covers the price of inventory, equipment, rent, and other costs. The franchisee must also pay a marketing fee of 1% of gross sales in addition to a royalty fee of 5% of gross sales. Cost of a Machi Machi franchise A prominent bubble tea brand from Taiwan in recent years is called Machi Machi. A Machi Machi franchise requires a $25,000 initial franchise fee. A Machi Machi franchise can be opened for anywhere between $200,000 and $400,000. This includes the price of inventory, equipment, rent, and other costs, just like Gong Cha. The franchisee must pay a marketing cost of 1% of gross sales in addition to a royalty fee of 7% of gross sales. The price of a Chatime franchise Another well-known bubble tea company that originated in Taiwan is Chatime. A Chatime franchise requires a $25,000 initial franchise fee. A Chatime franchise can be opened with a total investment of between $150,000 and $350,000. This covers the price of inventory, equipment, rent, and other costs. A marketing fee of 2% of gross sales and a royalty fee of 6% of gross sales must be paid by the franchisee. How do I sign up for Chatime? Visit Chatime’s official website and submit the franchise enquiry form if you’re interested in working there. If there are any franchise opportunities in your area, a representative will get in touch with you.
Due to a disagreement over brand ownership, Chatime and its Australian master franchisee dissolved their franchise agreement in 2017. As a result, Chatime Australia changed its name to “Tea Cube,” a new bubble tea brand. Nevertheless, Chatime is still in business in other nations.
In conclusion, owning a bubble tea franchise can be a successful business venture, but it will cost you a lot of money. Opening a Gong Cha franchise can cost between $150,000 and $350,000, while starting a Machi Machi or Chatime business can cost between $200,000 and $400,000 and between $150,000 and $350,000, respectively. Do your homework and become familiar with the expenses and requirements related to each franchise if you are interested in joining one of them.
Tommy Hung is the owner of Coco Milk Tea. However, this information has no bearing on the article’s subject, which is the price of a Gong Cha franchise.
I’m sorry, but the article is on the cost of creating a Gong Cha franchise and does not address the cost of opening a Coffee Bean franchise, so I am unable to respond to that query.