Although bubble tea has grown in popularity most recently in the United States, it truly has its roots in Taiwan and dates back to the 1980s. The sector is now estimated to be worth $2.5 billion globally. And during the course of the following ten years, it is anticipated to continue expanding significantly. Bubble tea franchise becoming increasingly popular in the United States and other countries. There are many different flavors to choose from when it comes to this type of iced drink and it can be served hot or cold depending on your preference.
The global bubble tea market, estimated at $2.4 billion in 2019, is expected to reach $4.3 billion by 2027, rising at a CAGR of 7.8% from 2020 to 2027, according to a report by Allied Market Research. The demand for milk tea and bubble tea among young consumers, the growth of global food and beverage chains, and the rising availability of bubble tea at neighborhood cafes and convenience stores are some of the drivers driving the market. Geographically speaking, the milk tea and bubble tea market is greatest in the Asia-Pacific region, with China, Taiwan, and Japan being the main consumers.
Consequently, if you are trying to cash in on a rising trend around the world, bubble or boba tea franchises can be the ideal money-making opportunity for you. There are also several boba tea franchise chances to take into account if you are not interested in creating your own business from the beginning.
What is the Best Bubble Tea franchise business?
The ingredients of bubble tea, also known as boba, typically comprise tapioca balls, milk, and tea. There are several flavors and fashions to choose from. In bubble tea, brewed green or black tea is combined with chewy cassava root balls and tapioca pearls. Different varieties of fruit juices, flavored syrups, tea, milk, and a selection of toppings are among the prominent bubble tea variations.
Additionally, the beverage is renowned for being particularly shareable in social media images. Due to the fact that people of all ages are now learning about the enchantment of bubble tea, these stores are primarily renowned with Millennials and Gen Z. These companies give entrepreneurs the chance to capitalize on well-known brands and gain access to tested procedures and systems. However, you continue to have the autonomy to design your own space and oversee your own workforce. In essence, it’s a means to hasten the process of opening your own boba tea franchise business.
The exciting options listed below in this article might make it easier for you to get started if buying a bubble boba tea franchise looks like the ideal business for you.
How much is the cost to start a Bubble Tea franchises?
The bubble or boba tea franchise cost range from $225,000 to $500,000. Large places and those found in populated areas will probably cost more than average. Stores and kiosks located in malls or airports typically have lower startup costs. Most can start their businesses for between $125,000 and $200,000.
Why Start a Bubble Tea franchise business?
Although there are many other drink trends, bubble tea is going to stay. Bubble tea has cemented its position as a beloved beverage among a wide range of customers after decades of success in international markets and years of steadily building interest in the United States. Franchises for bubble tea continues to dominate this enduring business and provide bubble tea drinkers all around the world with our excellent products.
How do they accomplish this? They have built a bubble tea company with some serious staying power thanks to customizable menu options and premium drinks ideal for social media. Some of the benefits of starting a Bubble or boba Tea franchise includes
Customizable & Innovative Drink Menu
The Social Atmosphere of a Drinks Franchise
Easy to fill staff positions
Ongoing support to franchisees
Pros and Cons of Bubble Tea franchise
Bubble tea is a Taiwanese dessert drink, made from tapioca balls and sweetened with sugar or honey. It has become popular in the United States in recent years because of its lower cost than coffee drinks.
Pros of owning Boba Tea franchise opportunities
Meaningful business connections
Daily physical activities
Amazing discounts and perks
You will be your own boss
Higher chances of getting referrals
Simple business model
Easy to learn the business
Cons of Bubble Tea franchise opportunities
Finding the right supplier
Motivation of employees
High employee turnover
High overhead expenses and taxes
Financial struggle initially
Which is the Best Bubble Tea franchise to own?
There are a number of franchise opportunities in the Bubble or Boba Tea sector. Some are better than others for various reasons.
Here are 15 of the best Bubble Tea franchises in the United States and Canada.
It is their goal to produce and market luxury foods, snacks, and beverages under the brand name 7 Leaves. As a market leader in the sector, they are dedicated to offering exceptional customer service by making sure that each and every one of their clients receive good products that are delivered promptly.
They have established a vast network of retail locations throughout New Zealand, giving them access to more than 65% of the country’s population. They also run numerous production facilities across New Zealand, including those in Auckland, Wellington, Christchurch, and Dunedin, enabling them to supply products quickly anywhere in NZ.
Bee And Boba Tea Franchise
Started in 2014
Franchising since 2016
Bea and Tea franchise cost investment $147,500-$287,100
Bea and Tea Franchise fee $40,000
Royalty fee 6%
Bee & Tea is a fast-casual establishment that specialises in healthy bowls, bubble tea, bao, and smoothies. The brand has a strong appeal to millennials and Generation Z. They do, however, provide possibilities for older age groups. Furthermore, each store has a plethora of personalization choices to keep clients pleased.
Snack-sized dishes and Asian-inspired ingredients make the eatery ideal for modern customers. Furthermore, the decor and interior design features are contemporary and stylish. As a result, the overall experience is consistent and memorable.
In the past 15 years, Happy Lemon has expanded to 1,500+ lucrative locations across the USA and other nations. Delicious and healthful bubble tea made expertly from the finest ingredients and a tried-and-true business model utilised to run the businesses account for the excellent franchising potential.
The Happy Lemon bubble shop franchising provides its franchisees with a lot of advantages. By becoming a franchisee, you will have access to the brand’s best practices as well as a 232-hour training program and in-depth assistance with marketing, management, and other company operations.
Gong Cha is a well-renowned boba brand that prioritises premium ingredients and inventive blends. To encourage customers to keep coming back for more bubble tea, the franchise offers unique services like online ordering. They also have a significant local, national, and global presence. Taiwan serves as the company’s headquarters. However, Gong Cha outlets may be found in a number of nations, including the US, Korea, Australia, Canada, and Singapore.
Started in 2014
Franchising since 2014
Bubbleology franchise cost or investment $205,850-$458,950
Bubbleology Franchise fee $32,500
Royalty fee of 5%
The boba tea franchise, Bubbleology, is well-renowned for its selection of tapioca drinks and fresh tea. The company sells specialised waffle sweets that are particularly shareable on social media in addition to bubble tea. The organisation provides prospects for both single- and multiple-unit development. You can decide whether to use a modern kiosk or a conventional in-line location. As a result, prices and experience differ from instance to situation. New franchisees must, however, meet qualifications in the food or retail industries.
Bambu bubble tea franchise
Started in 2014
Franchising since 2015
Bambu franchise cost or investment $135,000-$318,500
Bambu Tea Franchise fee $81,500
No Royalty fee
Bambu offers unique Asian-inspired Che, teas and milk teas, Vietnamese coffees, juices, and exotic & authentic fruit smoothies that can be purchased off of their distinctive menu or prepared to order exactly the way a customer prefers.
Customers can meet up with friends, family, and coworkers in a welcoming and convenient setting in addition to enjoying fresh, gluten- and dairy-free Che. Without the requirement of monthly income reporting, their special franchise model charges a modest fixed royalty. Furthermore, their fixed sum permits an individual to keep 100% of the future sales, in contrast to typical percentage royalty requirements.
Boba Loca Franchise
Started in 2010
Franchising since 2015
Boba Loca franchise cost or Initial investment $88,945-$327,955
Boba Loca Franchise fee $10,000-$14,000
Royalty fee 5%
The goal of the boba tea chain Boba Loca tea franchise is to make every customer feel welcome. The business offers a variety of food, juice, pastries, and an espresso bar in addition to bubble tea.
Franchisees should always work in their businesses, and it is preferable if they have prior restaurant or franchise experience. However, the business has a specific procedure for opening new stores. Currently, California is home to a large number of franchise locations. However, there are also opportunities in other markets.
Entrepreneurs can gain access to a well-known, long-running bubble tea business with a Kung Fu Tea. They provide made-to-order beverages in addition to specialty goods like tea sets and reusable straws.
Even other companies like Yasubee Ramen and TKK Fried Chicken collaborate with them; Franchisees can so diversify their sources of income and provide customers even more value with the added service. Kung Fu Tea franchisees in the US can get started by following a tried-and-true ten-step procedure. They also provide non-standard choices, such as those seen at shopping malls. However, those costs differ from situation to case.
Tapioca Express Boba tea Franchise
Started in 1999
Tapioca Express Franchise Cost is $200,000-$527,000
Topioca Express Franchise fee $15,000
Royalty fee 2.5%
Being one of the first bubble tea franchises in the United States, the opening of the first store of Tapioca Express was hosted by California. However, they now have stores in a number of new states, including Texas, Virginia, and Washington.
They sell smoothies, mochi waffles, and munchies in addition to bubble tea. The company imports top-notch ingredients from Taiwan. Additionally, they offer a predetermined procedure for opening a new franchise. Consequently, you should be fully prepared from the outset.
Started in 2005
Franchising since 2006
Chatime franchise cost or investment $181,100-$507,200
Chaitime Franchise fee $78,000
Royalty fee 3.5%
Canada’s love for bubble tea is growing, and Chatime is considered to be the company that pioneered the trend. Chatime is the most popular bubble tea brand in Canada and has gained millions of followers; many of them now incorporate Chatime into their everyday life.
With items that are incredibly creative and freshly created to order, Chatime has a distinct flavour that is all our own and something that their guests long for.Chatime has established itself as a strong business model with significant profit potential, thanks to its consistent digital sales all through the pandemic.
The main goal of Sharetea locations is to make drinking milk tea more enjoyable. The business was found in Taiwan and has offices across the world. In actuality, North America currently has more than 100 stores. It is a global brand that is currently recognised to some extent in the United States. Over 28 years have passed since the company first began operations. Additionally, the group helps new tea businesses choose locations and offers marketing strategies and in-depth training.
Anyone over 20 with good credit and a love of tea is eligible for Ding Tea franchise opportunities. There are many special drinks on their menu that are produced with high-quality ingredients, including milk teas with fruit flavors. There is now only a handful of United States locations for the business, however, it is widely known in Australia, Asia, and Europe. To assist franchisees, the company offers training, technical assistance, and continuing contact. Additionally, there is a predetermined procedure to aid new franchises in the opening.
Koi Tea Franchise
Started in 2006
Franchising since 2007
Koi Tea Franchise cost or investment $200,000-$500,000
Koi Tea Franchise fee $37,000
Royalty fee 4%
For its boba tea franchises, Koi Tea provides a beginning kit and operational support. Franchisees need experience in multi-unit management, retail, or the food service industry. Candidates that care about promoting community and getting involved in their neighborhood are also looked after.
The business offers the option to open a single location or to enter the multi-unit development market. There are also a variety of store sizes and layouts available. It, therefore, proves to be a versatile opportunity. The business has recently been established, and it fails to have many locations at present; they can therefore give each new franchisee individual attention.
CUPP Bubble Tea franchise
Started in 2010
Cupp bubble tea franchise cost or investment £60,000 – £300,000
Cupp Bubble Tea Franchise fee £15,000+VAT
Royalty fee 5%
A boba tea franchise shop with locations all over the world, CUPP Bubble Tea is based in the UK. If you want to open a new store quickly, they provide solutions for turnkey locations. However, they also provide people who want to expand their firm the chance to open many locations.
The company also gives you the chance to become an International Master franchise if you truly want to raise your franchise game. You acquire the rights to a particular nation in this manner. The whole CUPP network in that region is managed by master franchisees. Consequently, you require in-depth market expertise as well as the capacity to draw in new franchisees.
CoCo Fresh Franchise
Started in 2014
Franchising since 2014
Coco fresh franchise cost or initial investment $252,000-$482,000
Coco Fresh Franchise fee of $60,000
Royalty fee 6%
CoCo is the biggest hand-made bubble tea business in the world. Globally, it had more than 2000 stores by the end of 2015. CoCo has created a distinct competitive advantage through the creation of our extensive training programs, examination processes, product innovation, and skilled management team that allows us to grow from an aspirational Taiwanese entrepreneur to a worldwide chain business.
With the “CoCo Fresh Tea & Juice” name and marks, the company provides a franchise to own, run, and market a unique retail store and cafe concept that sells packaged snacks, brewed tea, juices, bubble tea, coffee, smoothies, and other hot and cold beverages.
Top and Best Bubble Tea franchises in the USA in 2023
Kung Fu tea
CUPP Bubble tea
Best Upcoming Bubble Tea franchise opportunities in 2023
Best Bubble Tea franchises opportunities in terms of Net Worth
Which is Most Profitable Bubble Tea franchise?
Kung Fu tea
Best Bubble Tea franchise opportunities in terms of the Rankings
7 Leaves Cafe
Bee & Tea
Best Bubble Tea franchise opportunities in terms of the Franchise Deck Ratings
Bubble Tea franchise
Franchise Deck Ratings
Boba Time Tea
Kung Fu tea
How to select the best Bubble Tea franchises for sale in 2023?
To select the best bubble tea franchises for sale, follow the steps mentioned below
Find target customers
Look for the amount of initial investment
Look for the initial components required to start the business
Search and finalize a location
Legalize the business
Are Bubble Tea franchises profitable?
Depending on your target market, running a bubble tea shop can be profitable. You’re more likely to make enough money to cover your bills if you live in a fashionable or wealthy neighborhood. The business sector is still expanding. So it is undoubtedly possible to create a successful company in this sector.
The revenue you can make from a bubble tea shop varies depending on the size of your location. Locations, expenses, and prices are important factors. Many retailers, however, make $3 or more for every serving. Additionally, components may just cost $0.75. Before accounting for any costs, you may make more than $30,000 per month if you sell 500 goods every day.
Conclusion: Is Bubble Tea Franchise a good choice?
The food and beverage industry is witnessing a trend called “bubble tea franchise company” that has gained popularity among Americans. The selling point is boba tea, which is made by combining fruit juice, fruit, or milk with a tea blend.
To be really honest, offering only one drink does not restrict the potential of the top Bubble Tea franchise. In the USA, there are many different concepts active in the market. The list consists of locations that sell bubble tea together with coffee, pastries, snacks, and other products.
In conclusion, any of the franchises for bubble tea mentioned above are worthwhile investments. But there are many things to take into account when deciding which is ideal for you. Consider the brand’s reputation, the assistance and training provided, and the success of the other franchisees. However, the most important thing you should do is match the brand’s investment requirements with your budget.