In recent years, drip tea has grown in popularity among consumers as a beverage option. As a result, lots of businesspeople want to start their own franchise serving drip tea. But it’s crucial to comprehend the fees involved in starting a franchise before you plunge into the world of franchising.
Depending on the brand you select, the price to open a drip tea business varies. Chatime, Gong Cha, and Coco Fresh Tea & Juice are a few well-known drip tea chains. For instance, Chatime needs a minimum of $150,000 to $350,000 to launch a franchise. This includes the $25,000 to $35,000 franchise fee as well as the price of furnishing the store, purchasing merchandise and equipment, and advertising the new site.
Franchisees must additionally pay recurring fees to the franchisor on top of the original investment. A percentage of gross sales-based royalties and an advertising charge to compensate marketing costs are sometimes included in these fees. These charges, which can be anywhere between 5% and 10% of gross sales, can easily mount up over time.
It is a fairly simple process to start a Chatime franchise, if you are interested. You must first fill out an application and schedule a meeting with a corporate representative to talk over your qualifications and objectives. You will go through a training program to learn the ins and outs of managing a drip tea franchise if you are accepted. When the training course is finished, you’ll be prepared to start your own Chatime franchise.
In conclusion, starting a drip tea franchise can be a successful business venture, but it’s critical to comprehend the startup costs. Depending on the brand you select, the initial expenditure may differ, and continued costs may mount over time. The application process, meeting with a representative, and training course are all steps in the relatively simple process of starting a Chatime franchise. A lucrative business endeavor can be achieved by launching a drip tea franchise with the appropriate planning and dedication.