![]() ![]() What are the ongoing expenses for a bubble tea business? You’ll find examples of such opportunities here and here. However, you could spend well into six figures in franchising fees and costs. It’s also possible to buy a bubble tea franchise and get most of your startup needs supplied as a package. And you’ll spend more as your staffing needs increase. You’ll spend less than this if you have a working mate, savings or second source of income. Staffing - $25,000 or more - Initially, this might simply reflect what you - as your sole employee - need to take out of the business. Small Business Administration (SBA) website to find out the licensing requirements in your state. Depending on your location and products sold, you’ll probably have to have a business license and a health permit at the very least. Licensure, certification and liability insurance - $750 or more, est. ![]() Logo development, signage and marketing materials - Up to $10,000 or more - This might include everything from creating your logo to buying store signage and producing business cards, fliers and other sales and marketing literature. You’ll pay additionally for whatever ingredients or supplies are necessary for sale alongside bubble tea, if any. Ingredients - $2,000 or more for a starter supply - This includes tea, milk and fruit and flavor powders. Most of this equipment can be bought online at sites such as Boba Tea Direct. Do you want a kiosk or a pick-up or sit-down setting? Will you be serving other foods or beverages? All of this will impact your rent.Įquipment - $10,000 or more - The basics include gas or electric stove, blender, stirrers, shaker cups, sealer machine, refrigerator and ice maker. Rent tends to be pricey in such locations. That might be a college campus environment or a similar young and vibrant setting. Rent - $50,000 a year, or more - Remember, you’ll want to find a location where your audience hangs out. The low cost can involve adding used equipment to a section of an existing store that might sell pastries, cookies, smoothies, coffee, books, gifts and souvenirs, etc. What are the costs involved in opening a bubble tea business?ĭepending on your location, and the product mix involved, you could spend as little as $15,000 or as much as six figures on startup costs. It's very important to secure your domain name before someone else does. When registering a business name, we recommend researching your business name by checking: If you operate a sole proprietorship, you might want to operate under a business name other than your own name. If you don’t already have a name in mind, visit our How to Name a Business guide or get help brainstorming a name with our Bubble Tea Business Name Generator What will you name your business?Ĭhoosing the right name is important and challenging. Luckily we have done a lot of this research for you.
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