Are you looking for a new and exciting opportunity? Have you ever heard of bubble tea? If you are an entrepreneur that is looking for a unique idea, think about starting up a bubble tea business in your area.
Bubble tea is a sweet drink that is made with iced tea, flavoring, delicious milk, and nuggets (boba) of sweetness that are chewy, usually made from tapioca. It is a tasty drink that originated in the East Asia area.
Here are the top 6 points to know when opening a bubble tea business
1. Location Matters
One of the most significant factors when thinking about opening a bubble tea franchise is the location of the shop. You want to make sure you are in an area with high traffic that will come in and peruse your store for food and drink.
If funding is a factor, consider starting out small, such as with a cart or food truck, and then upgrading to a storefront in a popular area once your business is established and is making a profit.
2. Unique Experiences
A bubble tea shop is a unique experience for some customers so design your company around that concept.
Have the history of Taiwan, where bubble tea originated from, on the walls as a history lesson to patrons. You could design your store with specific music and smells to give it an authentic ambiance and feel.
In addition, question where the kitchen should be set up as well as the exits and seating.
3. Less Competition
If you want to open a successful bubble tea business, make sure you look for an area that has less competition. Large cities will have more competition than the suburbs or rural areas. You may want to move a little farther out and find a place that has no contest. You may have to work hard to get people intrigued and interested in your type of tea, but once it takes off, with no competition in the area, you will be rolling in the dough!
4. What’s on the Menu?
Even though bubble tea is pretty specific itself, there are multiple varieties and flavors that you need to be aware of.
You need to create your menu from the many choices out there and think about what you want to serve on a daily basis. This includes how difficult it would be to acquire these ingredients as well as the cost. You can include different teas such as those that are fruity, made with milk, or a combination of both.
Take note of what your client base asks for and if they have any suggestions as you can add specific types later on down the line if they are often requested.
5. It is an investment
Another factor when thinking of opening a bubble tea company is selecting the correct equipment to make the tea. Since you are a niche shop, you need specialized equipment, which can be both spendy, and challenging to find, depending on the region you will be opening the shop.
You will want to serve a professional product, so items such as sealers, shakers, and stoves are crucial to the process of making the tea.
The last essential tidbit when opening a bubble tea business is to know where to get your ingredients. You will need to be a pro at procurement and sourcing to find the correct spices and syrups that are used in the bubble tea.
Bubble tea originated in the Taiwan area, so if you look hard enough, you may find a distributor to purchase ingredients from at a low cost with shipping.
What are the Most Important Things to Know When Opening a Business of any Kind?
When it comes to starting a new business, you want to look at a variety of factors. Some of the most crucial to look into are the location of your shop and where you will be sourcing your food or drink from. In addition, you need to be aware of competition in the area, which makes it more difficult for you to succeed in your business.
Cost is always an essential factor to look at, including a business loan, equipment to purchase, rent, permits, and other legal affairs.
Lastly, what you put on the menu will dictate how well your business prospers. Listen to your customers and add new items as needed. If you do, your business will be thriving in no time!