How much to setup bubble tea outlet?

[Pokemon]

For bubble tea or coffee ,it's the taste that matters.So you must ask "do you know how to make a good cup

of it?"Of course other thingy such as rental,location,crowd ,wages & overheads must take into considerations too.Good luck.

[Pokemon]

$120k if I not wrong.

 

No truth.

[Summer69]

The current bubble tea chain is different from the 90s, these chain dun have franchise but they plan their marketing strategy carefully, looking at the crowd, I see they recoup their investment in 6 months time. Believe me, they are laughing and in 3-4 years time after they make enough, they can franchise to 100000 people and take the last draw before they go .......

 

sounds like pyramid....or stock market.

 

 

yah, the pioneers will be long gone, selling away their business.

 

left only those stuck with all the equipment, materials, outstanding loans, salaries & rental.

 

and those who just entered the market.

[Summer69]

Well, most successful entrepreneur tasted failure at least once in their life.

 

sadly, only few will stand up..

 

"there can be only one...or two big brands"

[Pltang]

http://www.gong-cha.com/alliance_oth.php

[GLZT]

sadly, only few will stand up..

 

"there can be only one...or two big brands"

 

Yeah, determination is the core personality an entrepreneur need.

[Freestylers09]

Koi is taiwan one

 

just like alot taiwan street food etc

 

the first two are at tpy and chinatown not much pple

 

mouth to mouth about the drinks eventually spread to alot and such craze started

 

 

 

[Maroon5]

tampines mrt now 1 gong cha and 1 koi. yest nephew wanted koi and man, 30mins to order and 20mins to collect drinks. this is how crazy the demand is now.

[Davidklt]

Think a bit further and come out with your own brand.

 

Save on royalty. The core recipes and ingredients are mostly the same.

 

Tips on starting and sustaining a business: think shrewd and dont think like most singaporeans and you would be fine.

Edited January 16, 2011 by Davidtkl

[Davidklt]

You dont need experience if you have business acumens.

 

for those with no businees experience, i think better dun waste your capital. heard that 9 out of 10 businesses usually fold up if its opened by a novice

 

[Kusje]

Yeah. Just apply to be a store helper there for 1 month and see how they work.

[GLZT]

I don't see why everyone think koi is nice, it doesn't even taste better than any single unnamed bubble tea shop I picked randomly on the taiwanese streets.

 

When I went to taiwan last time, I kept drinking puddle milk tea, I see every shop uses taiwan manufactured fresh milk to make it. I think thats the special thing about it?

[Silver_blade]

I feel now is probably 2-3yrs too late to enter the bubble tea biz especially if the biz model is similar those already here.

[Tedlhw]

that's why i advise TS against starting a business

 

Nothing ventured nothing gained.

I always have respect for those that have tried and failed.

Failure is usually a step in the learning process.

 

[Babyt]

thanks everyone for the advice.

[Pufferfish1]

you must make sure you have the time, when i started my f&b i was at the shop at 8am to try new products, prepare the ingredients and finish work around 1030pm. no day no nite, no family. cos as a boss you need to know what time your shop peak period, customers profile and feedback.

 

and dont expect alot of monies first

[Forte3737]

Nothing ventured nothing gained.

I always have respect for those that have tried and failed.

Failure is usually a step in the learning process.

 

 

something ventured, someone loss

[Avant_stealth]

try to contribute name for your stall- bully bubble, bubbly bubble, blue bubble, bubble burst, bubble zest, bubble love, bubble tea

 

anw, wish u well in your endeavours!