Email this Article Print This Article Bubble tea shops have increased wildly in popularity with visits to such businesses jumping by as much as percent in according to data collected by Foursquare. Franchises for coffee and tea abound. But just like starting your own coffee shopstarting your own bubble tea business is a real option.
Okay, so we have considered all the requirements for starting a bubble tea shop. Why Start a Bubble Tea Shop? Bubble tea is a tea that is sweet and refreshing and that originated in the early s in Taiwan.
There are different names by which bubble tea is known and they are pearl milk tea, boba tea, and Zhen zhu nai cha. Bubble tea is so named because of bubbles that were produced during the shaking process when the tea is being made; also, another reason is its bottom cup which is shaped like a dome.
Going into the bubble tea business requires the entrepreneur to be innovative and creative when mixing blends or thinking up base for the tea. However, as this is not a popular business you will need the help of a business consultant to help you conduct a market research on the viability of this business.
It is from the findings of the milk tea shop business plan that will help you determine if the business is worth starting up or if it should remain just a business idea. After getting positive feedback from your business consultant, you will need to write a business plan for your bubble tea business.
A business plan is very important pieces of document that will help you critically know if the business is going to succeed or fail. The business plan takes into account factors how you intend to market and sell your product, your financial analysis as well as what business structure you intend to have for your company.
It is for this reason that a sample bubble tea business plan has been prepared below for you. A Sample Bubble Tea Shop Business Plan Template Business Overview Even though Americans are regarded as a coffee society, bubble teas are fighting to ensure that they grab the attention of the American and make them switch to drinking bubble teas.
The tea which originated from Taiwan in the early s have seen people who are health conscious dump their other drinks for it. According to a data report collated by Foursquare, the bubble tea business has increased in popularity as more people were visiting bubble tea stores in to get or drink bubble teas or to buy the ingredients that would enable them make their own bubble teas at home.
However, even though more people are now switching over to bubble tea, it is yet to reach the scale of some giant coffee stores in the United States of America.
There are also existing tea stores in the United States but they sell non-bubble tea and are yet still far behind the coffee stores, this fact makes it hard for bubble tea to grab a strong hold of the market, as the few bubble tea stores do not have a strong brand presence.
According to statistics, Americans are more of a coffee than tea people, drinking 8 fluid oz. This fact also places bubble tea on an uncertain level, as it would be hard to break the American coffee tradition.
However, this is not to say that all is doom and gloom for bubble tea, as most beverage drinkers point to the fact that bubble teas offer a refreshing variety as it can be a smoothie or a tea.
Also, the fact that there is no caffeine in bubble tea makes it a favorite for those who do not want caffeine in their beverages.
In the United States of America, bubble tea stores are mainly located in the West Coast due to the large number of Asian and Asian-American communities. For instance, in most Asian restaurants in Los Angeles, bubble tea products are often on the beverage menus. Bubble Tea Shop Business Plan — Executive Summary Due to the fact that bubble teas have started gaining wide acceptance in the United States of America, we are establishing our bubble tea business so as to offer our various customers quality tea as well the choice of having different flavors.
We have our customized truck in place to cater to all our customers in parks, and other public places. Our bubble tea business is located in a strategic location that is not saturated thereby offering us the opportunity of attracting more customers. Also, we are located in a place that is easy for customers and employees to conveniently have access to.
We have carefully considered our competition here in Mississippi and are rest assured that we would stand out from them due to our quality products and services with affordable pricing and also due to the fact that we have laid down publicity strategies that will be effective in making us stand out once implemented.
Due to the fact that we intend to serve our bubble tea in different varieties and also that we believe in having a professional package, we are therefore investing in specialized bubble tea making equipment such as shakers, sealers, and an electric induction heater. We also have invested in quality small equipment such as stirrers, sugar dispensers, tea jubs and a Point of Sale POS Machine.
Because we know how important it is to use only quality equipment in making bubble tea, we intend to source for our ingredients from Taiwan. Our purchasing manager has carried out the necessary research on this and has identified quality suppliers and vendors that fit our budget.Boba Guys serves the highest quality boba milk tea in the world.
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We didn’t have a business plan. We didn’t have a customer base. We didn’t even have a proper kitchen.
|A Sample Bubble Tea Shop Business Plan Template||Team and Company Financial Plan Executive Summary This is the hundred foot view of your business plan where you briefly describe your brand, your store and why you know it will be successful.|
|A Sample Bubble Tea Shop Business Plan Template | ProfitableVenture||Bin and Andrew worked together at Timbuk2the kickass messenger bag and accessories company. Bin found the only other Asian guy at Timbuk2 and asked Andrew if he wanted to play ping pong.|
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|Stove — I recommend using a gas stove for a smaller operation and an electric induction heater for a larger operation.|
Unlike Chinese Tea which is served plain, milk tea uses condensed milk and sugar that gives the tea a richer feel. Milk tea is one of the two types of bubble tea also known as pearl (milk) tea or boba (milk) tea and is a Taiwanese-originated beverage. If YES, here is a complete sample bubble tea shop business plan template & feasibility report you can use for FREE.
There are different names by which bubble tea is known and they are pearl milk tea, boba tea, and Zhen zhu nai cha. Bubble tea is so named because of bubbles that were produced during the shaking process when the tea is . How to Start a Bubble Tea Store: Alright, so you want to Open Your Own Bubble Tea Shop and now all you need is a business plan.
The most important aspects of a Bubble Tea Business Plan are Costs, Store Design, Necessary Equipment, Product Sourcing, Training, and Location.
Bubble Tea Business Plan Alright, so you want to open up your own Bubble Tea Shop and now all you need is a plan. The most important aspects of a Bubble Tea Business Plan are Costs, Store Design, Necessary Equipment, .
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