Bubble tea franchises a trendy business opportunity
Bubble tea franchises and bubble tea shops are on the rise in the UK, as more people choose this trendy drink over traditional juice and smoothie shops. The best part about owning your own bubble tea franchise is that you’ll have access to pre-made mixes and recipe ideas, which will make the start-up process much easier than starting your own bubble tea business from scratch. Here’s how to buy a bubble tea franchise and get your store up and running quickly!
What are bubble tea franchises?
Bubble tea franchises offer aspiring entrepreneurs an opportunity to provide their local communities with trendy and tasty drink options that they might not otherwise have access to. Along with great taste, bubble tea franchises can be a lucrative business if operated properly. When buying a bubble tea franchise, or any franchise for that matter, it’s important to do your homework before purchasing one. This will ensure you know exactly what you’re getting into—and avoid any missteps that could lead to financial or legal trouble down the road. That being said, owning your own franchise can be an incredibly exciting and financially rewarding experience if done correctly.
Why bubble tea franchises are so popular at the moment
Bubble tea has an active community of its own with endless opportunities for franchises such as the Ding Tea franchise. If you ever wondered why investors keep on buying bubble tea franchise opportunities left and right, there’s your answer. The industry is growing rapidly, and chances are you know someone who can vouch for it personally. There’s no wonder as to why big companies like Dunkin’ Donuts also want a piece of bubble tea action too by serving it in addition to their doughnut shops. This beverage will become more popular in years to come thanks to young entrepreneurs that find an interest in this business.
The bubble tea industry growth worldwide
According to GrandViewResearch, The global bubble tea market size was USD 2.1 billion in 2019 and is expected to register a compounded annual growth rate (CAGR) of 8.9% from 2020 to 2027. Rising consumption of tea and coffee as nootropic drinks among students and working-class population is a key factor for the market growth. Moreover, zero fat and low calorie contents of such beverages are propelling the demand further. The rising popularity of various kinds of hot beverages is also likely to boost the demand for bubble tea, thereby augmenting the market growth. In addition, health experts recommend that moderate consumption of such drinks boosts concentration and improves brain function.
Why you should consider investing in a bubble tea franchise opportunity
Bubble tea is a global phenomenon that’s growing in popularity worldwide. The ingredients of bubble tea are available everywhere, but most bubble tea shops are found in smaller cities and neighborhoods. Since there isn’t much competition near you yet, an investment into a bubble tea franchise opportunity may be one of your best options for taking advantage of today’s growing trends with little competition.
How much do bubble tea franchises cost
Bubble tea franchises can cost anywhere from £10,000 to £45,000 for a single location—and it’s even more for multi-unit franchise deals. The cost of a bubble tea franchise will depend on how much you’re looking to grow your business and how much you’re willing to pay. More established bubble tea franchises (and those in large cities) tend to be pricier because they can support higher overhead costs and have more brand recognition. On average, new franchises cost around £10,000 to £45,000 with royalties ranging from 5 percent up to 20 percent. Bubble tea franchises are generally considered medium-risk investments—the startup costs are relatively low, but competition is high in major cities but low in smaller areas.
Where to find more information on bubble tea franchises?
Are you interested in owning a bubble tea franchise? You can find more information about bubble tea franchise opportunities at our blog. We also recently created a list of 5 reasons why you should consider buying a bubble tea franchise. This article should help you find out why a bubble tea franchise could be your ideal investment.
Would a bubble tea franchise be right for you?
Bubbles tea franchises may be an exciting opportunity, but they are not for everyone. And even though bubble tea franchises are a unique opportunity with usually low startup fees, there are challenges that must be considered. To help you answer your question about whether a bubble tea franchise is right for you, we recommend you to browse some of our bubble tea franchise opportunities and see if they could fit your needs if they don’t. But if you are still interested in owning your own franchise business, why not browse our full directory?
Browse bubble tea franchises for sale in the UK today
Bubble tea franchises are the latest in a long line of food fads that have swept across the UK. Food fads have proven to be an extremely lucrative investment. Learn more about bubble tea franchises for sale by browsing our list of available bubble tea franchises in the UK today.