Milk Tea Business Essentials
- Target Market and Trends
- Franchising Information
- Starting a Milk Tea Business
- Capital and Cost Estimates
-
You may need insurance to protect your business from risks. Total start-up costs vary depending on size and location. Estimate costs accurately to ensure enough capital to sustain your business. Identify your target market and understand their preferences and purchasing habits.
-
A franchise for this business targets health-conscious individuals. Milk tea shops are currently popular hang-out places, as people want to socialize more.
-
Investing in a global brand like Chatime provides opportunities to enter the industry, earn profit, and make a living:
- Define the Concept
- Understand Your Brand
- Pick a Good Location
- Write a Business Plan
- Design Your Store
- Use Technology and Tracking Applications
- Hire and Train Employees
- Obtain Permits and Licenses.
Pricing Details
- How Much Is Happy Cup franchise Philippines?
- Cart – Php 250,000
- Outlet and Kiosk – From Php 300,000 to Php 350,000
- Area franchise – Php 750,000
Small Business Ideas and Considerations
- If you’re not yet ready for a large business, consider small business ideas like food carts and street stalls. But first, create a business plan, acquire capital, and define the target market.
Franchise Considerations
- Considerations before franchising I Love Milk Tea
- Receive training to handle business and train staff.
- Franchising provides better opportunities than starting alone.
- Benefits include a proven business model, reputable brand, product development, recruitment and training support, and rapid nationwide growth.
Costs and Investments
- If starting your own shop, invest 20,000 to 100,000 pesos before opening. But total costs vary by size and location.
Additional Information
- Research specific permits needed for your business type. Steps include registering business name with SEC and having a registered office space.
- Overall, follow key steps: Define target market, create a unique menu, and find the right location. Many factors need consideration when starting a milk tea business.