The Sharetea franchise is a boba 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 bubbles tea franchises, please bear with us and read amazing information on the Sharetea franchising opportunity.
What is the Share tea 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, 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.
Is Sharetea a 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 Review and Information|
|Industry Type||Food Franchise Opportunities|
|Sub Category||Bubble Tea Franchises|
|Company Name||Sharetea franchise Global Ltd.|
|Founder/Management Head||Mr. Cheng Kai-Lung|
|Employees at Company H.O||More than 50|
|Franchise Expansion Plan||the United States and Worldwide|
|Number of Units||450+|
|Number of Franchise Units||130 in the United States350+ Globally|
|Social Media Handles|
|Company Office location||1900 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
How much does a 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 $1,200 minimum. Although the ad marketing fee is not disclosed, the liquid requirement is. Franchisees may need to contact the company for a complete financial structure.
|Sharetea Franchise Cost and Price|
|Sharetea Franchise Fee||$ 48,000|
|Sharetea Franchise Cost||$386,900 to $492,200|
|Term of Agreement||5 years|
|Is franchise term renewable?||Yes|
|Renewable Franchise Fees||50% of Initial Franchise fees|
Share Tea Training with Franchise
The Sharetea brand has an excellent support system in place to ensure the success of the brand’s new franchises. 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.
Share tea Operations and Support to Franchise
As a Share tea franchisee, you will receive company support. The company also has a department that ensures food safety for customers worldwide. 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.
What is the Share tea 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 can renew their franchises for an additional five years.
Does Share tea provide Financial Assistance to Franchise?
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
- Liberty Mutual,
- State Farm,
- Hiscox, and
Pros & Cons of Sharetea franchise
When it comes to tea, Share tea 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 Share tea franchise
1. A lack of data and transparency
2. A wide range of menu options can make store operations difficult.
3. Room for development
How much do Sharetea franchise owners make?
Sharetea franchise owners make anywhere from $50,000 to $100,000 per year, depending on how much ownership they have in the franchise and how much work they put in.
What is Sharetea franchise profit?
The Share tea franchise is a great opportunity for those who are looking for a fast-paced, challenging, and rewarding business opportunity. The franchisees are required to be committed and passionate about Sharetea’s business.
Share tea franchise has not shared the Average Unit Volumes or franchise profit in Item 19 of the latest franchise disclosure document.
|Expected Annual Sharetea Unit Sales|
|Average Per Tea Selling Price||$ 5.0|
|Daily Products Sold||200|
|Expected Daily Sales||$ 1000|
|Expected Weekly Sales||$7000|
|Expected Weekly Sales||$ 30,000|
|Expected Annual Unit Sales||$ 360,000|
We shall estimate the Sharetea franchise profit and years to recoup the investment (ROI).
|AUV||Estimated Annual Profit (12.5%)||Estimated Annual Profit (15%)||Estimated Annual Profit (18%)|
|$ 360,000||$ 45,000||$ 54,000||$ 64,800|
|Recoup $376,400||8.36 years||7 years||5.8 years|
The estimated Sharetea franchise profit is in the 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 franchising 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 franchises reviews from the Share tea website.
Franchise Deck Analysis and Overview
So, to summarise, Sharetea is one of the fastest-growing bubble tea 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.
|Competition Analysis of Share Tea Franchise|
|Cost to Franchise||Fran Fees||Royalty + Ad fees||Expected Profit||Recoup of Capital||FD Rating|
|Share tea 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 Franchise Deck rating for the Share tea franchise is 3.7/5.0.
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 Share tea franchisees to determine the true cost of the franchise and reviews.
Entrepreneurs who want to open a franchise in the bubble tea franchise categories can look at
- Kung Fu Tea Franchise
- Boba Time Franchise
- Ding Tea Franchise
- Happy Lemon Franchise
- Gong Cha Franchise
- Black Rifle Coffee Franchise
- Tropical Smoothie Cafe Franchise
- Best Bubble Tea Franchise
Synopsis of this article All About Sharetea franchises.
Sharetea is a great place to get a delicious bubble tea fix. The variety of flavors on offer is an absolute delight. Sharetea is an excellent franchise opportunity for aspiring entrepreneurs.
The products are of high quality and sure to please customers.
The franchise is a great way to build a successful business.
The support offered by Sharetea is invaluable for new franchisees.
The brand has built a strong reputation for delicious bubble tea. Sharetea offers a low cost of entry for new franchisees. The training and guidance provided by the franchise is superb.
Sharetea offers an excellent return on investment for franchisees. The fact that it is a low cost and low risk business makes it attractive. Sharetea is a great way to bring bubble tea to your local area. The brand is well known and trusted by customers around the world.
With a Sharetea franchise, you can be part of a successful business.
Sharetea is a great franchise for those looking to get into the bubble tea business.
Sharetea offers a wide variety of teas, from classic milk teas to more adventurous fruit and taro creations. The company has a loyal following of customers who love the quality and taste of their drinks. Sharetea’s franchise system is simple and straightforward, making it easy for entrepreneurs to get started. Sharetea also provides training and support for franchisees, so they can be successful in their business.
Sharetea offers a variety of ways to customize drinks, making it easy to create unique and delicious concoctions. Sharetea’s branding and marketing materials are top-notch, helping to ensure that customers will be drawn to the business.
Sharetea’s commitment to quality and customer service is unmatched, ensuring that customers will keep coming back for more.
Sharetea’s extensive menu options make it easy to find something for everyone, from first-time customers to regular customers.
Sharetea’s commitment to sustainability is also admirable, as they strive to reduce their environmental impact.
Sharetea is a great franchise for those who are looking to invest in the growing bubble tea industry. Sharetea’s franchise system is easy to understand and navigate, making it a great choice for those looking to get into the business.
The Sharetea franchise is a great opportunity to create a successful and profitable business while providing a unique and delicious service to customers.
Wendy’s is an iconic fast-food chain that has been a staple of the American diet since 1969.With over 6,500 locations in 30 countries, Wendy’s is one of the world’s largest fast food franchises.
Wendy’s is renowned for its signature square patties, which are made from fresh, never-frozen beef.
Wendy’s also serves a variety of other menu items, such as salads, wraps, chili, and baked potatoes.
Wendy’s boasts a wide selection of premium toppings and condiments, including their famous Frosty dessert.
Wendy’s offers a variety of value meals, combos, and meal deals to suit all budgets.
Wendy’s also has a breakfast menu, featuring items such as bacon, egg and cheese sandwiches, oatmeal, and breakfast burritos.
Wendy’s offers a loyalty program, which rewards customers with free food and discounts.
Wendy’s supports numerous charities and has a strong commitment to being a socially responsible business.
Wendy’s provides employment opportunities for thousands of people across the world.
Wendy’s also offers catering services, making it an ideal choice for special events.
Wendy’s has a commitment to using quality ingredients and preparing food in a safe and hygienic environment.
Wendy’s offers a great selection of food and drinks for customers of all ages.
Wendy’s is committed to providing a friendly and enjoyable experience for all its customers. Wendy’s is an affordable and convenient option for a quick and tasty meal.