The required capital for a milk tea business ranges from Php 30,000 to Php 300,000.
Expected Daily Sales
Assuming you sell 50 cups per day at Php 80 per cup, you can earn approximately Php 4,000 daily.
Steps and Considerations
- How to start a milk tea business
- Choosing a location
- Finding suppliers
- Marketing online and offline
It complements many Filipinos’ fast-paced life.
The franchise fee is Php 56,000, including a milk tea franchise with social media following, proven model, and management. The total investment is Php 299,000.
Conclusion
Now is the time to start an online milk tea business.
- Follow these tips to get your business off the ground.
- Share this with your team to improve.
Tapping into the Market
To tap into the thriving market, take advantage of the tea-drinking culture, offer unique products to satisfy consumer cravings. With low startup costs and franchises available, the industry is booming.
- Conduct market research to understand trends and demands.
- Identify customers.
- Create a catering business plan.
- Analyze competition.
Save your monthly income, invite investors, or take a bank loan.
Pick a location with high foot traffic for stable profits.
Opening a Tea Shop
Steps to open the Tea Shop business:
- Market research
- Choose which products to sell
- Proper training from experienced owners
- Start small then expand
- Decide to create own brand or franchise already famous name
Research milk tea flavors. Milk tea originated in Hong Kong and bubble tea in Taiwan.
Choose the right business name and logo to compete with popular brands.
Tea Market Insights
The average import price of tea stood at $7,723 per ton in 2022.
- Discover data on market trends, consumption, production, prices, and trade.
- The forecast shows market prospects through 2030.
- Their creations use quality tea with unique flavors.
There are over 100 Sharetea locations in North America currently.
Purchase research reports on the tea market in the Philippines.
- Data helps navigate the marketplace by extracting e-commerce information on pricing, assortment size and attributes from 1,500 retailers in 40 countries with daily updates.
The minimum investment for a Coco Fresh franchisee is $252,100.
Tea became popular in the Philippines due to Chinese settlers before Spanish colonization.
Milk Tea Origin
Milk tea originated in Hong Kong, possibly from the British colonial tradition of afternoon tea with milk and sugar.
Profit Margins
Whereas you sell a cup for 10-20 INR at a stall, your profit margin is about 15 INR. For a tea bar with higher prices, profits could be 55-60 INR per cup.
Most bubble tea franchises cost between $75,000 and $500,000.
Large and populous city locations are likely to be more expensive.