Overview of Gong Cha Franchise
Gong Cha transforms tea into a fashionable beverage with a diverse menu. The franchise offers tea, milk tea, fruit tea, smoothies, and coffee in the USA. Founded in 2006 in Taiwan, Gong Cha has expanded globally, operating over 1,650 cafes in 20 countries. The franchise is renowned in the thriving bubble tea industry with a commitment to excellence and tea culture.
Investment and Profit Potential
- Investment Requirements: The franchise fee for Gong Cha ranges up to $41,500, with the total initial investment ranging from $177,430 to $335,400. A net-worth requirement of $300,000 and liquid cash requirement of $150,000 are essential for potential franchisees.
- Profit Outlook: With an initial investment of $378,000, a Gong Cha franchise can yield high returns. The average sales per year stand at $530,000, with a 15% profit margin translating to an average annual profit of $44,775.
Franchise Operation and Opportunities
- Opening Process: The process to open a Gong Cha franchise involves various steps such as a credit check, business plan review, location assessment, training, construction, and store opening. It typically takes 4 to 8 months from signing the agreement to launching the store.
- Franchise Benefits: Gong Cha franchisees benefit from the growing demand for bubble tea, making it an appealing opportunity for first-time entrepreneurs. Combination store setups are also possible to enhance business prospects.