![]() Step 4: Create a Bubble Tea Business PlanĮvery business needs a plan. Therefore, it’s important to carefully consider your choice before you start a business entity. Once you pick your company name, and start with the branding, it is hard to change the business name. Your business name is one of the key differentiators that sets your business apart. You can find commercial space to rent in your area on sites such as Craigslist, Crexi, and Instant Offices.įinally, make your choice among the names that pass this screening and go ahead with domain registration and social media account creation. By strategically choosing the right location, you can establish a profitable and popular bubble tea business that caters to a wide range of customers and sets you apart from the competition. Look for a spot in a high-traffic area with a strong youth culture, such as a college campus, a trendy shopping district, or a bustling downtown area.Ĭonsider accessibility and convenience, ensuring that the location has ample foot traffic and is easily reachable by public transportation. Selecting the right location for your bubble tea business is essential for its success. You should market on sites like TikTok and Instagram. Your target market will be broad but tend toward a younger demographic. Remember, the prices you use at launch should be subject to change if warranted by the market. Once you know your costs, you can use our profit margin calculator to determine your mark-up and final price points. You should aim for a profit margin of about 20%. Your ongoing expenses will be for rent, overhead, labor, and ingredients. How much should you charge for bubble tea? You’ll need to come up with a menu of bubble tea flavors. This could jumpstart your word-of-mouth marketing and attract clients right away. You might consider targeting a niche market by specializing in a certain aspect of your industry, such as green tea-based bubble tea or dessert-flavored boba tea. With annual revenue of $1,100,000, you’d make a tidy profit of $220,000. As your brand gains recognition and your shop grows in popularity, sales could climb to 500 teas per day. This would mean $44,000 in profit, assuming that 20% margin. In your first year or two, you could sell 100 bubble teas per day, bringing in $220,000 in annual revenue. ![]() Your profit margin after rent, overhead, labor, and ingredients will be about 20%. How much can you earn from a bubble tea business? Setting up a business name and corporation You’ll need a handful of items to successfully launch your bubble tea business, including: Costs include a shop space rental deposit, space preparation, equipment, and ingredients. Startup costs for a bubble tea business range from $21,000 to $45,000. How much does it cost to start a bubble tea business?
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