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Sharetea Franchise Review – Guaranteed Success!

Sharetea Franchise
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The Sharetea franchise is a tea franchise that is expanding globally. Taiwan’s tea culture is promoted by the company. The company has a progressive investment return on capital and a proven business prototype and expansion track record. 

Sharetea provides a simple business opportunity with locations all over the world. Its mission is to create high-quality drinks using our fresh ingredients and bring you the best! So, if you’re looking for a bubble tea franchise, please bear with us and read amazing information on the Sharetea franchise opportunity.

Sharetea Franchise

What is the Sharetea franchise?

Mr. Cheng Kai-Lung, the founder of Sharetea, was a director in the film and television industry in 1992 when he founded the bubble tea company Sharetea. After all of his hard work, the Sharetea was adored by the crowd, and thus the first Sharetea store was born. Sharetea’s mission is to introduce the world to the most authentic Taiwanese tea-drinking culture! The brand’s name, “Sharetea,” means “sharing good drinks, love, happiness, and health with all of our customers.” At Sharetea, we strive to provide high-quality drinks and bring joy to milk tea enthusiasts. 

The company has a straightforward operational culture. The company provides good maintenance, administration, and extension for its franchise. Many of their franchises have multiple units. 

The franchise owners receive comprehensive training as well as ongoing operational support. As a result, all Sharetea beverages are made with the freshest, most natural, and healthiest ingredients available. The franchise has provided sufficient assistance to ensure quality. The mission of Sharetea is to provide customers with high-quality milk teas at reasonable prices. Join such an internationally growing brand if you share the same passion and vision as the company and want to serve the community with quality bravery.

Share tea franchise opportunity 

So far, Sharetea has become a well-known and popular Boba tea brand in the Bay Area, and it also has the No. 1 market share in California, with a total of 15 licensed stores. By the end of 2015, Sharetea had officially opened 18 licensed stores in the United States of America. 

Share tea has over 450 chain stores and franchises in China, Hong Kong, Macau, Canada, the United Kingdom, Dubai, Singapore, Malaysia, the Philippines, Brunei, Indonesia, Korea, Cambodia, Sarawak, and Australia. And we are carrying out this mission as we enter 2016.

Sharetea franchise Information
Industry TypeFood
Sub CategoryTeas, Miscellaneous Quick-Service Restaurants
Year Established1992
Company NameSharetea franchise Global Ltd.
Founder/Management HeadMr. Cheng Kai-Lung
Franchising Started2015
Employees at Company H.OMore than 50
Franchise Expansion Planthe United States and Worldwide
Number of Units450+
Number of Franchise Units130 in the United States350+ Globally
Social Media HandlesFacebook
Twitter
Youtube
Instagram
Company Office location1900 K St, Lincoln, NE 68510

Sharetea franchise Requirements

1. Self-assurance and dedication to business

2. have excellent work ethics, accountability, and a strong affinity for the brand

3. The total cost of a franchise store, including financial requirements, ranges from $386,900 to $492,200.

4. Desire to preserve Taiwanese culture

Sharetea Franchise

How much does an Sharetea franchise cost

The minimum investment required to open a Sharetea franchise is $386,900 and can range up to $492,200. The minimum net worth requirement is $300,00. 

The Sharetea company’s initial franchise fee is up to $48,000. The royalty fee is 6% of gross sales, with a $1,200 minimum. Although the ad marketing fee is not disclosed, the liquid requirement is. Franchisees may need to contact the company for a complete financial structure.

Sharetea initial and ongoing franchise cost
Sharetea Franchise Fee$ 48,000
Sharetea Franchise Cost$386,900 to $492,200
Royalty Fee6%
Advertising Fee1-2.5%(expected)
Term of Agreement5 years
Is franchise term renewable?Yes
Renewable Franchise Fees50% of Initial Franchise fees

Share tea franchise training 

The Sharetea brand has an excellent support system in place to ensure the success of the brand’s new franchise. They provide comprehensive training and handouts, including practical and theoretical courses, both before and after the store opens. The training lasts several hours and is delivered in two ways: in the classroom and on the job. 

Sharetea also helps with real estate acquisition and construction. They also oversee all special assistance provided during the opening process, and ongoing counseling services to assist you in starting your own Sharetea bubble tea business, complete with HQ support.

Sharetea franchise Operations 

As a Share tea franchisee, you will receive company support. The company also has a department that ensures food safety for customers all over the world. An experienced team will ensure the quality of the tea and will assist franchisees in innovating. Supervisors visit stores on a regular basis to ensure on-site Quality, Service, Cleanliness, and Management, as well as to help improve problems and assist the store in meeting its sales target. Aside from that, all basic operational assistance will be provided.

Sharetea Franchise

What is the Sharetea franchise Term of Agreement and Renewal?

The initial term length of the Share tea franchise is 5 years. If franchisees perform as expected, they are eligible for renewal. Existing franchise owners have the option of renewing their franchise for an additional five years.

Does the Sharetea franchise provide Financial Assistance?

The company does not provide direct franchise financing. The company franchisor cannot provide any lease or note obligation for franchisee guarantee. As long as the company has a relationship with an investor, it can provide third-party financing to cover start-up costs, inventory, equipment, payroll, and accounts receivable. SBA financing may be available to assist with the purchase of a franchise.

There are several different types of franchise loans that you can review. OnDeck, SmartBiz, and ApplePie Capital all offer different options that you can consider. Credibly also has a number of different franchise loan options that you can look into.

I recommend that you purchase franchise insurance before owning this. These franchise insurance options can be explored as 

  • Nationwide, 
  • Travelers, 
  • Liberty Mutual, 
  • Progressive, 
  • State Farm, 
  • Hiscox, and 
  • Hartford.

Pros & Cons of Sharetea franchise

When it comes to tea, Sharetea is a franchise with a lot to offer. Here are some of the pros and cons of this tea-centric business.

Pros of owning a Share tea franchise 

1. High rate of return on investment capital

2. Proven track record of growth

3. Simple to use, maintain, manage, and expand

4. Comprehensive training programs and ongoing operational support

5. It is easy to use, maintain, administer, and extend. Several of our franchisees operate multiple stores.

6. Extensive training and ongoing operational assistance

Cons of owning a Sharetea franchise 

1. A lack of data and transparency

2. A wide range of menu options can make store operations difficult.

3. Room for development

Sharetea Franchise

How much do Sharetea franchise owners make?

Sharetea franchise owners make anywhere from $50,000 to $100,000 per year, depending on how much ownership they have in the franchise and how much work they put in.

What is Sharetea franchise profit?

The Sharetea franchise is a great opportunity for those who are looking for a fast-paced, challenging, and rewarding business opportunity. The franchisees are required to be committed and passionate about Sharetea’s business.

Share tea franchise has not shared the Average Unit Volumes or franchise profit in Item 19 of the latest franchise disclosure document.

Expected Annual Gong Cha Unit Sales
Average Per Tea Selling Price$ 5.0
Daily Products Sold200
Expected Daily Sales$ 1000
Expected Weekly Sales$7000
Expected Weekly Sales$ 30,000
Expected Annual Unit Sales$ 360,000

We shall estimate the Share boba tea franchise profit and years to recoup the investment (ROI).

AUVEstimated Annual Profit (12.5%)Estimated Annual Profit (15%)Estimated Annual ProfitProfit (18%)
$ 360,000$ 45,000$ 54,000$ 64,800
Recoup $376,4008.36 years  7 years5.8 years

The estimated Sharetea franchise profit is in range of $ 45,000 to $ 64,800 and it will take 5.5 to 8 years to recoup the investment.According to industry standards, it will take a very long time to get a return on the franchise investment.

Sharetea franchise reviews

Sharetea is a popular Japanese tea franchise with more than 450 locations worldwide and 150 across the United States. The company was founded in 2006 by entrepreneur Hirotaka Takemoto and offers a variety of teas, including sencha, genmaicha, and matcha, as well as a variety of food and desserts.

Sharetea has received a positive reputation from customers and franchisees for its high-quality tea, friendly service, and affordable prices. Franchisees report that the company provides a strong support system, including weekly training and monthly meetings, to help them run their businesses successfully.

Below are a few Sharetea franchise reviews from the Share tea website.

Sharetea Franchise

Franchise Deck Analysis and Overview

So, to summarise, Sharetea is one of the fastest growing franchises in the rapidly expanding beverage industry. The company offers a wide range of tea to its customers. The company has a successful track record of expansion and an excellent return on investment capital. The company offers comprehensive training, real estate design assistance, quality assurance assistance, supervision to ensure the highest quality and numerous advanced services. 

Over the course of 15 years, the company has grown. And have a current global expansion strategy. The company does not require any prior knowledge to seize the opportunity; all that is required is confidence and dedication to the company. If you are looking for a growing bubble tea franchise with a proven and successful franchise business model, then Sharetea may be for you.

You can compare the 6 to 7 bubble tea franchise brands.

Competition Analysis of ShareTea Franchise
Cost to FranchiseFran FeesRoyaltyy + Ad feesExpected ProfitRecoup of CapitalFD Rating
Sharetea franchise$386,900 to $492,200$ 48,0006%+ 2%$ 45,000 to$ 64,8005.8 to 8.3 years3.7/5.0.
Ding Tea Franchise$123,000to $422,000$ 20,0004%+ 2%$ 57,6006 to 8 years3.3/5.0.
Kung Fu Tea Franchise$124,050 to $428,050$37,0004% +2%$ 65,000- $ 100,0004 to 6 years3.5/5.0
Boba Time Tea Franchise$389,100 to $531,700$ 40,0005% +2%$ 96,867 to            $ 134,1233 to 5.5 years4.0/5.0.
Gong Cha Franchise$177,430 to$335,400$41,5005.5% + 2%$ 45,000 to $ 64,8006 to 9 years3.7/5.0.
Happy Lemon Franchise $309,000 to $509,000.$25,000 to$40,000.7% + 2%$ 50,625 to$ 72,9006 to 9 years3.6/5.0.

The Franchise Deck rating for the Sharetea franchise is 3.7/5.0.

Sharetea Franchise

Conclusion 

Sharetea is a Food and Beverage industry franchise concept. It is also regarded as a Smoothie franchise. As an intriguing franchising opportunity, Sharetea is rapidly expanding in the tea industry in the United States and around the world. Sharetea, as one of the industry’s most well-known bubble tea brands, can assist you in building a more solid customer base. Despite its low initial investment, the rewards are not as promising if you intend to invest for the short term. You must speak with at least five Sharetea franchisees to determine the true cost of the franchise and reviews.

Entrepreneurs who want to open a franchise in the tea and smoothie franchise opportunities categories can look at 

  1. Kung Fu Tea Franchise 
  2. Boba Time Franchise
  3. Ding Tea Franchise
  4. Happy Lemon Franchise 
  5. Gong Cha Franchise 
  6. Black Rifle Coffee Franchise
  7. Tropical Smoothie Cafe Franchise

Synopsis of this article All About Sharetea franchise.

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