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 franchise?
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 franchise 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.
Boba Time 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 Franchise
The boba time franchise 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,
- 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 the Boba Time franchise.
|Boba Time Franchise Information|
|Industry Type||Food and beverage industry|
|Company Name||Boba Time, Inc.|
|Founder/Management Head||John Kim|
|Franchising Started||2015 in 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 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|
Boba Time franchise Information | Boba Time Franchise Requirements
There is no specific qualification needed to launch a boba time business. Franchise owners for Boba Time come from a variety of backgrounds.
1. Love and devotion for It’s beverages are prerequisites for becoming a franchise 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 a 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 it will cost between $389,100 and $531,700 for the front unit in 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 $40,000 will be required. A 5% of gross sales royalty is due from franchise owners. The business will charge a brand and system development fund fee of 2% of total sales (BSDFF).
|Boba Time Franchise Facts|
|Initial Franchise Fee||$ 40,000|
|Initial Investment||$389,100 to $531,700|
|Term of Agreement||10 years|
|Is franchise term renewable?||Yes,|
|Renewable Franchise Fees||50% of Initial Franchise fees|
Boba Time franchise Training & Support Offered
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 & franchise support
At the time of business setup, it offers their 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 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 franchise
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 Boba Time franchise owners make?
Boba Time is a popular franchise 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 a 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 ProfitProfit (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 Franchise Deck rating for the Boba Time franchise is 3.5/5.0.
Competition Analysis and Alternatives of Boba Time Franchise
|Cost to Franchise||Fran Fees||Royaltyy + 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 Franchise||$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 franchise more options. The business presents itself as transparent and distinctive from its rivals.
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.
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Frequently Asked Questions (FAQs)
- Is the Boba Time franchise profitable?
Yes, boba time is a profitable and thriving franchise 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 a Boba Time a franchise?
Yes, boba time is a franchise