Do you enjoy drinking milk tea and want to enter the industry? Quickly is one of the well-known brands in the milk tea sector. The company is well known for providing quick and effective service, which draws a lot of clients. But how much does a Quickly franchise cost?
A Quickly franchise requires an initial investment of between $100,000 and $250,000. The royalty rate is 6% of the gross sales, and the franchise fee is $30,000. The ten-year term of the franchise is renewable. Equipment, inventory, leasehold improvements, and a suitable location are all the franchisee’s responsibilities. The total price may change based on the store’s location and size.
The initial cost for operating a Gong Cha franchise ranges from $150,000 to $450,000. The royalty rate is 5-6% of the gross sales, and the franchise fee is $40,000. The ten-year term of the franchise is renewable. Equipment, inventory, leasehold improvements, and a suitable location are all the franchisee’s responsibilities. Another well-known manufacturer of milk tea is Chatime. The initial expenditure required to open a Chatime franchise ranges from $150,000 to $350,000. The royalty rate is 6% of the gross sales, and the franchise fee is $50,000. The ten-year term of the franchise is renewable. Equipment, inventory, leasehold improvements, and a suitable location are all the franchisee’s responsibilities.
Taiwan is where the brand Coco Milk Tea got its start. The company is renowned for its distinctive tastes, which include 3 Buddies Milk Tea and Salty Cream Milk Tea. In 11 countries, there are nearly 4,000 Coco Milk Tea locations. Tommy Hung is the owner of Coco Milk Tea. Sadly, the company doesn’t provide franchising opportunities.
Finally, starting a milk tea business can be a successful endeavor. But it needs a big upfront investment, plenty of effort, and commitment. The location and size of the business may affect the total cost of a franchise. Before choosing a particular brand, it is crucial to conduct some research and compare several options.