Raise The Needed Startup Capital
When it has to do with financing a business, one of the first things that you should do is to write a good business plan. With a good and workable business plan in place, you wont have much to do to convince your bank, investors and your friends to invest in your business.
Here are some of the options you can use to business
- Raising money from personal savings
- Getting soft loans from friends and family members
14. Choose a Suitable Location for your Business
The success of your bubble tea business largely depends on the location. Some of the factors to consider when getting a location for your business are its accessibility and visibility. You must also note that a bubble tea shop in a good location does not come cheap.
Therefore, you should allocate enough funds in your budget for leasing/renting. If you are not good at choosing a business location, you should talk to a business consultant or a realtor who would guide you in choosing the suitable location for your bubble tea company.
Some of the suggested locations for a bubble tea shop include:
- Shopping Malls
- Cleaners
The Service Delivery Process of the business
The service delivery process of a bubble tea company has to do with delivering quality tea service to customers depending on their needs at a particular period of time. The various processes involved ranges from providing indoor and outdoor tea service to your esteemed customers, ensuring you satisfy your customers demands and providing other services.
How To Make Tea To Sell
If you use a provider similar to Tea Sante, youll be required to pay an average of $10 per 3-ounce stand-up pouch and $5 for a 4-ounce tin. To ensure you earn a profit, youll need to charge at least $13.50 per 3-ounce pouch to your customers. To build a sustainable business, its recommended that you also sell tea accessories such as tea pots, infusers, and other related products with higher margins. You can also offer the accessories as an upsell to your tea or vice versa.
You can get started investing in your tea business for as little as $100. Tea wholesalers such as the Metropolitan Tea Company allow you to buy tea in bulk in quantities as low as 250g – starting at $9 per bag. You can also request samples from them if youd like to try the tea out yourself beforehand. They have everything from straight teas to robust blends featuring herbal tea infusions. You can private-label these ingredients yourself and even make your own unique blends.
Most tea wholesalers are a one-stop shop for ingredients, packaging, tins and accessories. Youll be able to purchase blank packaging from them and print your own labels using an online service like Sticker Mule or print at home using some Avery labels.
Write A Business Plan
Having a well thought out bubble tea business plan can help you through several facets of building your store. This document can not only serve as a strategic roadmap for you, it can also help your brands communication with banks, sponsors, manufacturers, and the marketplace so that you can better reach your goals. Since this plays a vital role in the creation of your business, make sure that each component of your plan works well with one another.
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Let People Get To Know This Exciting New Product
The average person in the US isnt even going to know what bubble tea is. Since they arent sure about the experience, they arent going to be likely to make a purchase on the spur of the moment. Youll need to educate them about how great this drink happens to be. Offer samples to people once you get your business licensed, incorporated, and inspected so you can operate legally.
First A Little Background:
Bubble tea was invented in Taiwan which is a small democratic island with a population of about 24 million people. Taiwan is known for both fresh tea and delicious food so it is no wonder that the two would be combined into Boba Tea!
Bubble tea or Boba Tea can best be described as eating and drinking at the same time. With its iconic fat straw, you are able to slurp down delicious flavored tea with chewy boba at the same time.
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Develop Strategies To Boost Brand Awareness And Create A Corporate Identity
In promoting your brand and its corporate identity, you would need to leverage on both the electronic and print media and also make use of the internet. Nowadays, you would save cost and reach more people by using the internet and social media platforms to promote your brand.
Another strategy is to sponsor TV and radio programs and advertise your business in relevant magazines and newspapers. Here are some platforms you can use to boost your brand in order to promote and advertise your business
- Roll out adverts in local newspapers, magazines as well as on radio and TV
Conduct Market Research And Feasibility Studies
- Demographics and Psychographics
The demographic and psychographic composition of those who drink bubble tea and its allied products are as follows:
- Students
- Sports men and women
- Celebrities
So, if you are looking towards defining the demographics for your bubble tea business, then you should ensure it cuts across various age groups and professions.
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Protect Your Intellectual Property With Trademark Copyrights Patents
Considering the high level of competition in this industry, coupled with the need to come up with something unique, one needs to trademark and protect ones intellectual properties against theft. Therefore, to thrive in this business you need to protect some of the intellectual property rights you have labored for in the past like your business logo, jingles, banners, and other things that people can make use to impersonate your business and rip you off your profit.
To protect your intellectual properties, you need to file an application with the USPTO. Your trademarks final approval will be approved based on the review from the attorneys as required by the USPTO.
Find A Business Mentor
One of the greatest resources an entrepreneur can have is quality mentorship. As you start planning your business, connect with a free business resource near you to get the help you need.
Having a support network in place to turn to during tough times is a major factor of success for new business owners.
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How To Order A Bubble Tea Shop Like This One
At first you need contact us and share all of your ideas . such as shop size , your like color , your logo etc . then we can help you make a new design and put all of your ideas on it . submit the design for get the mall approval . after we confirmed the design , we can start work on this kiosk drawings and production it , usually build it about need 20-22 work days, During the production process, we will take photos to update the progress . the last step is package and shipment it to your port . if you need we also can direct send this kiosk to your address .
Thanks for your time and reading , if you need more further info about this bubble tea shop , pls feel free to contact us , thank you !
How Do I Start A Bubble Tea Business
To start your own bubble tea business, you first need to scout locations. Find something in an upscale or touristy area with plenty of walkabilities. A popular downtown location would be ideal. Then you need to source equipment and supplies. This includes blenders, stoves, tea shakers, cups, straws, tea ingredients, and tapioca pearls. Youll also need to take care of any licensing and inspection requirements in your area.
On the business planning end, youll need a logo, branding, menu, and price list. Think about how youll market to customers and how many products you think youll be able to sell each day to eventually make a profit. Before opening, hire and train a team to make all the drinks on your menu.
If you opt for a franchise instead of starting your bubble tea business from scratch, most of these steps will be laid out for you.
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How To Make Your Bubble Tea Shop Rise To The Top
Bubble Tea, also known as Boba or Pearl Tea, was first sold on the streets of Southeast Asia in the 1980s. Today, it is beloved by millions around the world and has become a very popular business venture thanks to its unique taste and creative approach. In the US alone, millions of local bubble tea houses have become almost as popular as your neighborhood Starbucks. While bigger companies may appear to have the upper hand when it comes to building brand familiarity among consumers, small businesses have the opportunity to learn, make a few mistakes, and learn everyones name along the way. Read on for our five tips on how to make your Bubble Teahouse not only thrive but bubble with life!
Tapioca Tea Thunderstorms
Your product is top-notch, authentic, and has new flavors debuting all the time. Making your shop plum for a social media thunderstorm. With the bright colors of the tea and fun factor of boba pearls, you can easily create an online campaign that catches the eye of new and old customers alike. Consider using coordinating background colors that are muted but also match the product you are advertising the world. Research foods that typically accompany bubble teas and dont be afraid to consider non-bubble tea varieties to reach the audience that doesnt care for tapioca-filled treats in their drink.
Tea That You Cant Refuse
Location, Location, Location
Eventful Pop Culture
Things To Consider Before Starting A Bubble Tea Business
Product innovation is an essential part of running a successful bubble tea business. Identifying the toppings and ingredients that are currently in demand can help your store to appeal to a broad audience, but getting creative and trying some new, exciting, non-traditional ingredients can also set your store apart from others and bring in customers.
Quality and consistency also matters to your stores reputation. While you might design a great-tasting drink, its important to ensure that it stays that way. Always taste-test your products and make sure that staff are properly trained in how to prepare them. Then, do spot checks every so often to verify that the drinks are up to your stores quality. A bad-tasting drink can result in a lost customer and a negative review, so this is an essential part of successfully running your store.
While bubble tea can be a business in and of itself, you might want to offer other products to increase your ability to upsell and bring in higher profits. Pastries, danishes, and other snack-type foods go along well with tea and can boost your income.
Additional Resources:
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Food And Drink Supplies
You know what type of drinks you will need to make, but what are the beverage supplies you will need to purchase before opening your doors? Luckily, LollicupStore is your one-stop shop for beverage supplies you will be able to find everything you need for your up and coming business.
Teas
As a bubble tea shop, you will absolutely need to have tea leaves. Tea should be brewed fresh every 1-2 days depending on your run rate.
- Golden Milk Tea
- Thai Tea
Flavored Syrups & Sauces
Flavored syrups is how you can instantly add bold flavors to an iced tea or coffee. Fruit-based syrup flavors are best in teas and flavored sauces are ideal for coffee-based drinks. Syrups can also be used to add color to your drinks. The opportunity for mixed flavors and layered drinks becomes endless with creativity and a skilled Barista! Below is a short list of flavored syrups that are a great starter collection for your store, but there are dozens more here.
- Green Apple Syrup
- Large stock pots
Bubble Tea Shop Business Plan
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.
It is only after this stage that a good bubble tea business plan sample could have been developed. How to Open a Bubble Tea Shop: Since bubble tea originated in Taiwan, many of the ingredients can also be sourced from there. You might also consider setting up some seating areas or space for customers to really customize their beverages.
The detailed market analysis of our potential customers is given in the following table: These include syrups, juice and jelly balls, blended teas, smoothie and slush among others. 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.
It is for this reason that a sample bubble tea business plan has been prepared below for you. While writing a business plan for your bubble tea shop can seem like a daunting task, it will also help you organize and clarify your ideas. Reply Timothy chan on June 4, at 1: Both will be bringing their experience and expertise to bear on the business.
A business plan for bubble milk tea 1.
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How To Select Plastic Cups Lids And Straws For Your Bubble Tea Shop
Although choosing clear plastic cups may seem like an afterthought after opening a bubble tea business, it is important to understand that having the right disposable tea cups can not only showcase your brand’s personality, it can also create a direct connection with your customers. Making a thoughtful decision can actually help improve your business as well as cut costs in the long run. Here is Bossen’s guide to finding the perfect disposable cold cups for your bubble tea shop.
Helping Your Bubble Tea Store Grow
While setting up your bubble tea shop can be daunting, its only half of the battle. Once your store is set up, its time to get creative in order to attract customers, especially if youre not in one of the aforementioned metropolitan areas. Here are a few basic strategies to help build your business far past opening day:
- Utilize social media. As noted by Forbes, a social media presence increases customer loyalty, engagement, and can draw in new sets of consumers that you mightve struggled to connect with initially. Luckily, bubble tea can be very aesthetically pleasing, so it has plenty of visual power on popular video and photo sharing sites like Tiktok and Instagram. You can even offer discounts to loyal customers who share pictures of their bubble tea to create more of an organic buzz throughout the community.
- Offer promotions. In addition to social media campaigns, its a good idea to incentivize customer loyalty especially when youre just starting out. This could take the form of a loyalty card, or offering happy hour teas at a discounted price at a certain time of the day. Get creative and have clear signage advertising your tactics to rake in new consumers.
Opening up your own bubble tea shop is a lot of work but it can also be one of the most rewarding experiences of your life. Hopefully, these tips make it easier for you to create a successful tea business in your area.
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How To Open Boba Shop
Bubble tea with boba grew in popularity in the early 2000s when it was introduced to the US and has gained a new wave of enthusiasm with the use of social media. Fans love seeing creative ways to flavor and serve boba. With a renewed love for bubble tea, you may be interested in to learn what it takes to open your own boba shop.
New to boba? Read our blog: What is Boba.
Note: This guide covers what you will need after getting the appropriate legal business documentation complete and acquiring a brick and mortar location.
Make Sure You Are Properly Insured
Because tapioca is a starch product, there is the possibility of a food allergy. The same is true with dairy allergies as condensed milk is used in many recipes. Being properly insured will protect you against unintended medical issues or accidents that may occur while at your business location. Youll also want to have an allergen notice posted somewhere prominently to reduce liability risks.
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What Do I Need To Open A Boba Shop
First, you need a location. This should be a retail storefront that has enough space for your equipment, countertops, sinks, staff, and a small customer area. Equipment-wise, youll likely need a stove for brewing tea and making tapioca pearls. You should also consider tea shakers and blenders for specialty beverages.
On the supply side, youll need a large selection of cups, lids, straws, and napkins. If you sell other products like hot beverages or snacks, youll need specialty containers for those items as well. In terms of ingredients, stock up on tea powders in various flavors, creamers, sweeteners, various teas, milks, water, and tapioca pearls.
Image: Depositphotos.com