Different bubble tea franchise opportunities in Singapore started to pop up. It gives the chance for you to start and manage a business. A bubble tea business is not only limited to milk tea drinks, but it can also include other refreshing drinks like frappes, and fruit tea beverages. These are popular among the millennials and some gen z’s, thus it’s a good idea to start one.
Here is a simple guide on how to start a bubble tea business:
Know How Much You Should Invest
Do some research first and see what is the estimated cost for purchasing a bubble tea franchise. In Singapore, it costs around S$80,000 to S$400,000 to manage a bubble tea shop. So, before you make a decision, see first if it goes within your allotted budget.
Determine Your Target Market
Target market means the type of customers that you want to focus on. You might need to do some market research about it first to determine the ideal target market. After that, it is easier to develop a concept that works.
Look for a Suitable Location
No matter how delicious bubble tea drinks are, they won’t be profitable if you choose to put up a store in the wrong location. You should look for places that have high traffic to make sure there will be more people to buy from your bubble tea shop.
Come up with a Marketing Plan
Part of managing a bubble tea franchise is to create a marketing plan. Do some gimmicks like arranging a grand opening to attract customers. You can also offer limited deals for them to purchase some delicious drinks. Like for example, giving them a free fruit tea if they opt for delivery services.
If you want to start a business that will surely be profitable, then consider buying a bubble tea franchise in Singapore. You can find these business opportunities, here at Partea International!
