The Philippines’ most well-known milk tea brand, Infinitea, provides a variety of drinks and snacks. It has been in the business for a long time and has amassed a devoted consumer base. Numerous business people are interested in franchising Infinitea due to the rising demand for milk tea. In the Philippines, how much does it cost to run an Infinitea franchise?
An Infinitea franchise requires a Php 450,000 to a Php 650,000 initial investment. This covers the franchise fee as well as any equipment, remodeling, and other costs. The cost of the franchise is Php 300,000. The five-year term of the franchise is extendable for an additional five years.
Franchisees must additionally make the initial investment and a royalty payment of 5% of the total sales. The brand’s marketing and advertising efforts are supported by this charge. Franchisees are also required to buy their supplies from Infinitea’s approved vendors.
There are other expenses besides the initial investment when starting a tea company. In-depth planning, market research, and a strong business plan are also necessary. It is critical to pinpoint your target audience and develop a differentiating USP from the competition. Location, marketing plan, and operational costs are all important factors to take into account.
Fresh milk or full cream milk are the two types of milk that are most frequently used for making milk tea. Additionally, some products use non-dairy substitutes like soy or almond milk. It is significant to remember that the milk utilized can impact the flavor and standard of the milk tea.
The initial investment required to create a Gong Cha franchise is between Php 10 million and Php 15 million. The franchise fee, building costs, equipment costs, and other charges are included in this. Popular milk tea company Gong Cha offers a selection of beverages and toppings.
The cost of a Krispy Kreme franchise, meanwhile, ranges from $6 million to $8 million. The franchise fee, building costs, equipment costs, and other charges are included in this. A well-known doughnut company that has been around for a while is Krispy Kreme.
A proven business plan and support from the franchisor make owning a franchise a terrific option to launch a business. But it also necessitates a substantial investment and meticulous planning. Prior to franchising a brand, it’s crucial to conduct careful study and evaluate your skills and resources.