Most bubble tea franchises cost between $75,000 and $500,000. Kiosks and stores in shopping centers or airports tend to cost less to get started.
It was a normal, uneventful day in 2011 when founders Meyan and Johann Young were driving to the only milk tea place in the city of Cebu. While stuck in traffic over 30 minutes, Meyan, the milk tea addict, had a light bulb moment. She idealistically said "What if we opened our own little bubble tea place near where we live?" And Johann, the ever-supporting husband told her GO FOR IT!
Gong cha transforms tea into a global and fashionable beverage and instills tea culture into people’s lives. Gong cha pledges to use the art of tea to inspire people in their daily lives and to brighten their thoughts. The first franchise was available for purchase in 2016.
Getting into a Krispy Kreme franchise is not inexpensive. Franchisees can expect to spend anywhere from $440,000 to $4.1 million in initial investment fees, depending on the type of store format they choose.
The bubble tea market in the Philippines is experiencing a rapid growth and becoming increasingly popular among both young and old consumers. Bubble tea, also known as milk tea or pearl tea, is a tea-based drink that originated from Taiwan.
Ginger tea, also known as “salabat”, is a traditional Filipino tea known to soothe one’s throat and provide relief from common illnesses.
Chatime was founded in Taiwan in 2005 and in 2011 opened its doors in the Philippines. Chatime has now opened more than 130 stores in the Philippines and over 1,000 stores worldwide.
How much does it cost to open a milk tea shop in the Philippines? If you want to start your own Milk Tea Shop, you will invest about 30,000 to 100,000 pesos but this is just a rough estimate.
Chatime’s franchise fee is currently priced at PHP300,00-500,000 depending on the franchise type (i.e. pop-up or in-line).
In this article, we’ll show you how to start a milk tea business, including how to make a business plan, choose a location, find suppliers, and market your milk tea online and offline.
Choose a reputable franchise company. Before considering franchising, research different companies and determine which has a proven track record of success.