The brand is the major element that influences Boba’s pricing. Some Boba shops employ premium ingredients, which raises the price of their drinks. The location of the Boba shop can also have an impact on the cost. Boba is typically more expensive in places with high costs of living than in other places.
In addition to the price of Boba, a lot of individuals want to franchise a Boba shop. Because it provides a tested business model and support from the franchisor, franchising is a well-liked method of starting a business. 7/11 is one of the most well-known franchisors of Boba shops in the US.
Various factors affect the cost of franchising a 7/11 store. The initial franchise price ranges from $50,000 to $750,000, according to the 7/11 website. The overall cost of the investment may be between $37,550 and $1,635,200. The franchise fee, inventory, equipment, and other costs are included here.
The well-known fast-food company Jollibee, on the other hand, also sells Boba beverages. It is a global fast-food franchise founded in the Philippines. An additional well-liked business possibility for entrepreneurs is franchising a Jollibee location.
The cost of franchising a Jollibee restaurant varies according to the store’s location and size. The $450,000 franchise fee for a Jollibee location is listed on the company website. Depending on the store’s size and location, the overall investment cost can be anywhere from $1,200,000 and $2,700,000.
In conclusion, the cost of a tiny Boba might differ according on a number of variables, including the brand and region. Another well-liked business possibility is franchising a Boba shop; the price of franchising varies depending on the franchisor and the store’s location. Before making a choice, it is crucial to conduct research and weigh the advantages and disadvantages of various possibilities if you intend to launch a Boba business.