Indonesian origin It’s Boba Time is a milk tea vendor currently based in Los Angeles with expansion plans throughout the rest of California. The first Boba Time restaurant opened in Indonesia in 2023 with just 40 drinks on the menu; as of right now, there are 140 choices. The boba time franchise brand is a staple in the boba drink industry. You gain the ability to connect with beverage lovers in your community by using such services.
The global beverage industry alone is currently worth more than $52 billion. The beverage market in the US has increased by over $20 billion. The market has demonstrated that there is a demand for this type of beverage industry. According to statistics, the sale of beverages could generate $2.45 billion in revenue every year for the next five years.
The boba time is popular not only with young people but also with parents, kids, and adults. The key to the company’s success is that it offers a wide variety of beverages, including coffee and smoothies, for customers to choose from. So, if you’re interested in a franchise with such a lovely brand, the franchise deck is here to help.
What is the Boba Time?
People were won over by Boba Time’s sale of enticing beverages at a low cost. Therefore, joining such a successful boba drink company is a good business opportunity for those who are interested. Being a boba time franchises shows that you have your own location where you can serve this well-known and delicious drink at a reasonable cost. The applicants must go through a process that will be evaluated on an individual basis in order to be considered for the franchise opportunity of such an emerging milk tea business based in Indonesia.
The company wants to provide the community with the newest and freshest drinks possible. Because of their excellent taste and distinctive toppings, the company’s popularity is growing over time. Delicious food is also available during the Boba era at reasonable prices.
Is It’s Boba Time A Franchise Opportunity?
Future predictions indicate that the beverage sector will experience the fastest growth. Even at the height of the pandemic, when the economy was in a dire state, the company sales were unaffected. which demonstrates their robust and successful business model.
The company asserts that over the past ten years, the boba time has consistently increased its gross sales by 20–30% annually. Boba time has evolved at its own pace over the course of 19 years. The company expands its market through ongoing trend research, recipe testing, and the addition of 10–20 new products per year. Most employees at the company trust the pace. The boba time company asserts that “in such a rapidly evolving industry, the key to success is to never fall behind.”
Facts That Nobody Told You About Boba Time
The boba time location must resemble the home store location in appearance. To meet this requirement, the franchise owner must build a similar structure, obtain the necessary building permits, and purchase a similar storefront product.
Three main concepts
- outlet concept,
- island concept,
- and booth concept
are provided by this franchise for its outlets. Franchise locations must be between 800 and 1500 square feet in size.
There are a few things to know about Boba Time franchising.
|It’s Boba Time Franchise Review and Information|
|Industry Type||Food Franchise Opportunities|
|Sub Category||Bubble Tea Franchises|
|Company Name||Boba Time, Inc.|
|Founder/Management Head||John Kim|
|Franchising Started||In 2015 the United States|
|Employees at Company H.O||More than 100|
|Franchise Expansion Plan||Indonesia and the United States|
|Number of Units||More than 50 in the United States|
|Number of Franchise Units||50+ in the United States|
|Social Media Handles|
|Company Office location||701 S Vermont Ave Los Angeles, CA, 90005-1518 United States|
It’s Boba Time Franchise Requirements
There is no specific qualification needed to launch a boba time business. Franchises owners for Boba Time come from a variety of backgrounds.
1. Love and devotion for It’s Boba Time beverages are prerequisites for becoming a franchises owner.
2. Demanding a minimum of $400k in liquid assets
3. Prior small business experience
4. It is preferable for candidates to have a commitment of 2 – 4 units.
How much does an It’s Boba Time franchise cost
The cost requirements for the boba time are as follows. The boba franchise time is a medium-sized investment business. The estimation of the traditional store will cost between $389,100 and $531,700 for the front unit in the initial requirements. Here, all costs and construction are covered. It will be less expensive to shop at nontraditional stores.
The first $400,000 in liquid assets is needed. A Boba time franchise fee of $40,000 will be required. A 5% of gross sales royalty is due from franchise owners. The business will charge a brand and system development fund fee of 2% of total sales (BSDFF).
|It’s Boba Time Initial and On-going Franchise Cost|
|Boba Time Franchise Fee||$ 40,000|
|Boba Time Franchise Cost||$389,100 to $531,700|
|Term of Agreement||10 years|
|Is the franchise term renewable?||Yes,|
|Renewable Franchise Fees||50% of Initial Franchise fees|
Boba Time Training & Support Offered to Franchises
The franchises of Boba Time receive extensive training. The new franchises will receive a guidance program along with the business grant. This program will offer advice on choosing a business location, construction help, business operational setup, and much more.
Additionally, the program offers franchises ongoing managerial support. Classroom instruction and on-the-job training will make up the two components of the training. 70 hours of instruction will be spent in the classroom. After the franchise unit has opened successfully, ongoing assistance and instruction will be provided to guarantee the company’s success.
Boba Time Operations & Support to Franchises
At the time of business setup, it offers its franchise a one-on-one support and assistance service. These services are tailored to each store owner’s particular needs. The business will also assist with cost-saving strategies for buying supplies in bulk. The franchisors will keep owners informed about the ingredients and supply sources that are most advantageous from a strategic standpoint.
What is Boba Time Franchise Term of Agreement and Renewal?
The boba time franchisee’s initial term is 10 years. Franchisees are eligible for renewal if they are performing as expected. Existing franchise owners have the option to extend the renewal process for an additional two to five years.
Benefits of owning a It’s Boba Time franchise
1. Choose the best raw materials of the highest caliber to satisfy boba connoisseurs.
2. Always make racial drinks that everyone enjoys. makes them want to explore every BOBA TIME menu.
3. A flavor that appeals to all social groups and a combination of chewy boba that addicts connoisseurs.
4. System Because we offer SOPs and comprehensive, simple-to-understand guides, any partner, regardless of background, can definitely run a BOBA TIME business.
5. Always treat business partners with respect and goodwill.
6. Target Market Boba drinks are incredibly well-liked by a lot of people.
7. Have a large support system.
Disadvantages of owning a Boba Time franchises
1. The only beverage option at Boba time
2. The company releases 10 to 15 new products annually, which makes operations difficult.
How much do It’s Boba Time franchise owners make?
Boba Time is a popular franchises that offers customers a unique experience. Franchise owners make a lot of money from the business.
In addition to making money from the franchise, franchise owners also have the opportunity to develop their business into a full-blown empire. This is due to the fact that it is a popular franchise with a loyal customer base. If you are interested in starting it, be prepared to work hard.
After going through the latest Boba time fdd, the average Boba time franchise revenue is $ 745,131.
What is Boba Time franchise profit?
The expected average franchise profit of Boba times is 13-18% of net sales. Let us see the estimated average franchise profit and how many years you can recoup your investment with the Boba time franchise.
|Sales $ 745,131||Estimated Annual Profit (13%)||Estimated Annual Profit (15%)||Estimated Annual Profit (18%)|
|Net sales on average||$ 96,867||$ 111,770||$ 134,123|
|Franchise Cost||$389,100 to $531,700||$389,100 to $531,700||$389,100 to $531,700|
|Recoup of Investment/Break-Even||4 to 5.5 years||3.5 to 4.75 years||2.9 to 4 years|
The estimated annual average franchise profit is $ 114,033.This is a high income, considering that the franchise is not particularly expensive to operate. The franchise income largely depends on your franchise management skills and franchise support and marketing initiatives from your franchisor.
Franchise Deck Analysis and Overview
Having been founded in Indonesia in 2003, boba time has come a long way to win over US citizens. In the US market, the brand has expanded significantly outside of California. According to predictions, the beverage industry will expand significantly in the coming years. In just 19 years, the boba has added more than 140 items to its initial 40 beverage menus.
The company is well-liked by people of all ages, not just young celebrities. The business is renowned for its tasty flavors and distinctive toppings at reasonable prices. The business offers good training and flexible location options to its franchisees. They provide their franchise partners with personalised one-on-one support. I can only conclude that this is a business with a very low failure rate and a bright future. So, if you’re looking for a beverage company to start in the US market, boba time is a good choice.
The FD rating for the Boba Time franchising is 3.5/5.0.
Competition Analysis and Alternatives of Boba Time Franchises
|Cost to Franchise||Fran Fees||Royalty + Ad fees||Expected Profit||Recoup of Capital||FD Rating|
|Sharetea franchise||$386,900 to $492,200||$ 48,000||6%+ 2%||$ 45,000 to$ 64,800||5.8 to 8.3 years||3.7/5.0.|
|Ding Tea Franchise||$123,000to $422,000||$ 20,000||4%+ 2%||$ 57,600||6 to 8 years||3.3/5.0.|
|Kung Fu Tea Franchise||$124,050 to $428,050||$37,000||4% +2%||$ 65,000- $ 100,000||4 to 6 years||3.5/5.0|
|Boba Time Tea||$389,100 to $531,700||$ 40,000||5% +2%||$ 96,867 to $ 134,123||3 to 5.5 years||4.0/5.0.|
|Gong Cha Franchise||$177,430 to$335,400||$41,500||5.5% + 2%||$ 45,000 to $ 64,800||6 to 9 years||3.7/5.0.|
|Happy Lemon Franchise||$309,000 to $509,000.||$25,000 to$40,000.||7% + 2%||$ 50,625 to$ 72,900||6 to 9 years||3.6/5.0.|
The rapidly expanding boba market has begun to gain traction in the US, particularly in California. The company has expanded its geographic reach beyond California and now gives potential franchises more options. The business presents itself as transparent and distinctive from its rivals. I recommend you Boba Time Franchise and it’s worth the cost and profit.
Potential investors can make decisions and seize opportunities for the expansion of their businesses thanks to this transparency. Therefore, it is advised to conduct thorough research and proceed if you are interested in such a business opportunity.
Entrepreneurs who want to open a franchise in the bubble tea franchise categories can look at
- Jamba Juice Franchise
- Kung Fu Tea Franchise
- Tropical Smoothie Cafe Franchise
- Starbucks Franchise
- Black Rifle Coffee franchise
- Ding Tea Franchise
- Happy Lemon Franchise
- Gong Cha Franchise
- Black Rifle Coffee Franchise
- Tropical Smoothie Cafe Franchise
- Best Bubble Tea Franchise
Frequently Asked Questions (FAQs)
- Is the Boba Time franchise profitable?
Yes, boba time is a profitable and thriving franchising with great future opportunities.
- Can you make money owning a Boba Time?
Yes, you can make money by owning a boba time as it is a proven business model with a low failure rate
- Is Boba Time a franchise?
Yes, boba time is a franchising company that offers franchises and opens Its Boba time shops.
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Also share you feedback on boba time franchise,its renowned concept from Indonesia and
doing great in franchising in United States
Boba Time is one of the leading boba franchises in the country, offering a wide variety of delicious and unique drinks. They have a great selection of flavors to choose from, as well as customizable options.
The staff is very friendly and helpful, making sure that every customer leaves satisfied. The atmosphere is relaxed and inviting, and the drinks are reasonably priced.
Boba Time has been a staple in the boba market for many years, and will continue to be for many more.
The quality of their boba is top notch and is made with natural ingredients.
Their bubble tea drinks are always fresh and flavorful, and can be tailored to individual tastes. Boba Time also offers a variety of snacks to accompany their drinks, making the experience even better.
The franchise is constantly innovating and introducing new flavors to keep customers engaged. The customer service is excellent, and they strive to make sure every customer leaves with a smile.
The store is always clean and inviting, making it a great spot to meet up with friends.
Boba Time franchise offers online ordering, making it convenient and easy to get your boba fix.
The franchise is also active in the community, with many events and fundraisers throughout the year. Their loyalty program is a great way to save money on your favorite drinks and snacks.
Boba Time franchise is the perfect place to get your boba fix, with delicious drinks and excellent customer service.