Starting a Milk Tea Business
To start your own milk tea shop, you will need 30,000 to 100,000 pesos depending on size. Most franchising packages cost 30,000 to 300,000 pesos. Pick a good location. Market online and offline. Prepare tools and ingredients: blender, shaker, milk powder, etc.
Opening a Bubble Tea Shop
Initial costs to open a boba shop range from $15,000 to $200,000 depending on location, construction, licenses, equipment, ingredients, and staff.
Business Costs and Considerations
As the brand grows, you can sell 500 bubble teas daily and make over $1 million yearly. Financing options include personal savings, small business loans, and investors. Equipment needed includes blenders, tea makers, refrigerators, and ice machines. The remodeling cost for a 1,500 square foot shop is around $177,000. Cash flow management tools can help you keep track of your expenses.
Location and Ingredients
Location impacts earnings. High foot traffic areas near colleges and offices attract more customers. Using quality ingredients enhances taste, drives repeat business, and word-of-mouth.
Bubble Tea Prices
A 16- to 20-ounce serving usually costs $3 to $5.