CoCo Fresh Tea & Juice Franchise in Canada
The minimum investment to open a CoCo Fresh Tea & Juice franchise in Canada is $252,100. It can go up to $482,000. The cost to set up a Macao Imperial Tea franchise is typically $30,000 to $50,000. Established in 1997 by Tommy Hung, Coco has over 4,500 locations worldwide. To start a CoCo franchise, you need a minimum net worth of $100,000. The investment range is $241,000 to $1,340,000 with an average of $790,500. The franchise fee is $60,000.
Alternative Options and Support
Fab Caffe is an alternative with more products, and its franchise fee is P599,000. The Chatime franchise fee in the Philippines is P300,000 to P500,000 with a total investment of P4 to P8 million. Coco provides training on operations like equipment maintenance.
Starting a Bubble Tea Business: Steps
- Define the concept.
- Get business permits and licenses.
- Find commercial space.
- Buy equipment.
- Hire staff.
Milk tea is popular in the Philippines. FaB Suffrage helps build quality milk tea businesses. Multi-national companies sell instant milk tea powder, and Coco has entered the Philippines market in recent years.
Industry Insights
- A 2012 survey showed that the average tea shop owner in the United States makes about $60,000 per year.
- Coco is operated by Tobistro Foods in the Philippines. With over 5,000 stores, Coco helps control costs and profits.
- The best franchise to buy in South Africa would have a growing industry and proven success.
Bubble tea franchises in Canada offer opportunities in different formats and packages. The franchise fee and details for Coco are not made public, but according to the website, Infinitea’s CEO Gaurav Saria has an 80% approval rating.