Bobba tea is an emerging favorite in franchising. A brand to consider is Gong Cha. Founded in 2006 in Kaohsiung, Taiwan, Gong Cha translates to “tribute tea for the emperor." Since it began franchising in 2009, Gong Cha has expanded to over 1,700 locations worldwide. The brand has a philosophy of inspiring the human spirit and creating happiness. The brand's menu consists of the milk foam series, the milk tea series, the slush series, creative series, tea lattes, and the coffee series. In terms of the initial investment, it ranges between $177,430 – $335,400, which includes a $41,500 initial franchisee fee. The monthly royalty is 5.5% of gross sales. Candidates should have a net worth of at least $300,000 - $4,000,000 and need between $150,000 - $2,000,000 in cash and other liquid assets.
Before your location's grand opening, you and a designated store manager must attend the training program in New York, which will take about 14 days. During this time, you'll learn everything you need to know about running the business, including marketing and advertising, hiring, managing the books, and more. Support and training are ongoing. States where territories are available include New York, New Jersey, Pennsylvania, Connecticut, Massachusetts, Rhode Island, New Hampshire, Oklahoma, Texas, Georgia, North Carolina, South Carolina, and Florida. While previous restaurant experience is a plus, it isn't necessary because of the support and training that is provided. Gong Cha is approved by the SBA and is on the SBA Franchise Directory. Franchisees also benefit form fundraising and fundraising opportunities. By hosting a fundraising event, franchise owners can become more involved in the community.