One of the most well-known milk tea brands in the Philippines is Macao Imperial Tea. You should be aware that the franchise cost for this brand starts at PHP 1 million if you are considering investing in it. The franchise fee, building, equipment, and initial inventory are all included in the total investment cost, which can be anywhere between PHP 3 million and PHP 5 million. What is the cost of a Lollicup franchise?
A milk tea brand with American roots is called Lollicup. A Lollicup store may pay a franchise fee between $40,000 and $50,000. Depending on the location and size of the store, the overall investment cost can be anywhere between $150,000 and $400,000.
In Singapore, starting a bubble tea business might cost anywhere between SGD 50,000 and SGD 200,000. The price is influenced by a number of elements, including rental costs, equipment, renovations, marketing, and inventory. Popular bubble tea brands like Koi and Gong Cha have franchise fees that can range from SGD 20,000 to SGD 50,000.
The popularity of bubble tea, often known as boba tea, is rising in the UK. Depending on the shop and type, boba tea can cost anywhere from £3 to £5 per cup. In the UK, the price to operate a bubble tea shop can range from £50,000 to £200,000. For well-known brands like Chatime and CoCo Fresh Tea and Juice, the franchise cost might range from £20,000 to £50,000.
In conclusion, if done properly, investing in a milk tea establishment can be a rewarding business. It is crucial to conduct in-depth research on the brand, location, competitors, and target market before making an investment. A strong company plan and financial estimates are also essential.
The price to operate a milk tea store can change based on a number of elements, including the shop’s location, size, inventory, equipment, and franchise fees. To make sure you are making an informed choice if you are considering purchasing a milk tea establishment, it is advised that you speak with a franchise lawyer.