Is opening a bubble tea franchise a good idea?
Setting up your own bubble tea store is an enticing idea. After all, the bubble tea boom is quite visible and there are no signs of it stopping. Yet, is buying into a franchise really a good idea in such a competitive market? We will discuss this further in this article – we invite you to read on.
What are the advantages of joining a bubble tea franchise?
Joining a franchise is a great idea, since it has numerous benefits. You will be working with experienced teams, and won’t have to worry about building your brand awareness, since it has already been established. The list of advantages is much longer and includes:
Tasty beverages that already have a fan base – By joining a bubble tea franchise, you will sell products that have a strong position in the market. Many people will already know about them and love them, so it will be much easier to attract customers and establish a stable income level.
Professional support – Owning into a franchise is also a good idea since it means constant support from the bubble tea chain headquarters. Establishing marketing strategies, receiving insights into the market, and providing tools to analyze and react to current trends will give you a significant advantage over your competitors.
Quality Ingredients and Logistics – Finding high-quality ingredients and developing recipes can be challenging for any business. However, building a logistics chain adds another layer of complexity to the process. By joining a franchise, these problems are taken care of – the supplier, recipe and the entire transportation process are already well-organized and effective.
Higher profits – As a franchisee, you will represent a major name, like Sharetea. As your bubble tea chain grows, it will find ways to optimize the business. Being a part of it, you will gain insight and optimization tips, thus improving your revenue even further.
What other benefits are there to becoming a franchisee instead of opening your own?
With your own store, it might be true that you can get creative about running your own store. However, creating marketing assets and learning about managing the store can take a lot of time. By becoming a franchisee of a renowned brand like Sharetea will provide support on all of that. There are professional supervisors who will guide you along the way in inventory control, sales and marketing, customer service, and other aspects of store management.
Is owning a bubble tea franchise a good idea?
Getting down to business, owning a bubble tea franchise is indeed a great idea. There are many advantages, and working under a well-established brand gives you a head start. Additionally, the bubble tea industry is a great business to invest in.
The future of bubble tea is clear – there will be growth in this market niche. Therefore, now is a great opportunity to enter it, and reap the benefits of the major increase that is coming in the next few years.
Conclusions
Is buying into a bubble tea franchise a good idea? Yes, the industry is growing, yet it has not been flooded with investors and entrepreneurs so far, so it’s a great time to start a bubble tea business. Add to that the advantages of joining a franchise, and you have a recipe for success!
Are you considering us, Sharetea, as your partner? If yes, read about our bubble tea franchise’s growth in the US!