Specialties: Taste is a kind of lifestyle. Copyright 2003 - 2023, Small Business Trends LLC. Ding Tea Franchise Analysis (2023) - Vetted Biz Costs for a new store start at 80,000. Thenthis franchise is right for you. It is also important for potential franchisees to have a good credit score. Mechatron Robotics - Robotics & AI Franchise. Ding Tea Franchise: $123,000to $422,000: $ 20,000: 4%+ 2%: $ 57,600: 6 to 8 years: 3.3/5.0. Of the food and beverage concepts we have reviewed, total investment amounts can start as low as, for smaller kiosk concepts all the way up to, A large number of initial investments get paid to the franchisor. This makes the prospect of starting and owning a Ding Tea franchise quite attractive. Your email address will not be published. We also serve a variety of fresh fruit and yogurt to sate those snack cravings. Youll need to complete your bubble tea shop with equipment and furniture of your own. This dedication to quality has helped Ding Tea become one of the most popular bubble tea brands. While you might be concerned about the Ding Tea franchise cost in starting your own location, you might also be interested in knowing more about the training they offer franchisees to succeed in recuperating that cost. The franchise fee per location is $700,000 USD. Also, there is a marketing and advertising fee thats 1% of sales for national and local. Tastea has a franchise fee of up to $40,000, with a overall upfront investment range of $427,000 to $678,500. vadapav franchise DING TEA .USA, California City, California. salon franchise Corporate Information 10 Best Bubble (Boba) Tea Franchise Opportunities (2023) The brands large and well-prepared selection of tea and snacks, coupled with its unique Taiwanese atmosphere, make it a great franchise opportunity. Ding Tea now has a set of steps to set you up to correctly operate your franchise. Once the operations begin, theres the expectation that franchisees pay the company a service fee of 2.5% of gross revenues. . Ding Tea Franchise In USA Cost, Profit, How to Apply, Requirement At each location, customers can enjoy popular drinks like bubble tea, smoothies, and hot coffee, as well as various snacks such as french fries and other traditional Taiwanese dishes. Moreover, even though your ongoing fees will not affect your immediate startup cost, the time for recuperating that cost and your initial ability to afford expenses through working capital will be affected. Buying a Franchise? The minimum net worth requirement is $300,00. A pass for unlimited rides costs $20 on weekdays and $30 on weekends. You will receive extensive training on many aspects of running your franchise location from Ding Tea. - In Canadian dollar, the investment comes around CAD 154,040 to CAD 528,494. Another disadvantage of the Ding Tea franchise may be the costs involved in franchising a business in the boba tea industry itself. You can only know about this after applying for the franchise. Ding Tea is a global brand offering franchise opportunities in the U.S. 1, Huizhong Rd.,Xitun Dist., Taichung City407, Taiwan (R.O.C.) Please confirm by clicking on the Cancel Subscriptionbutton below. Tea shall be liable for and shall pay investigative costs of $3,500 prior to the entry of this Consent Order. However, most brands estimate the initial . bbq franchise The brand has become increasingly popular due to its low-cost products and great taste many people have praised Ding Teas signature drinks as some of the best bubble teas available worldwide. In order to do so, they must pay a renewal fee which is 50% of the original franchise fee. Ding Tea Franchise Cost. A royalty fee of 2-5% is charged on an annual basis. How To Get Ding tea Franchise (Cost and Profit) Ding Tea has a $20,000 franchise fee and a total initial cost range of $123,000 to $422,000 . Ding Tea Franchise: Cost and Profit Analysis Today They can provide the necessary capital to get started without needing to issue a large amount of personal debt. Boba Loca originated in Asia and has gained significant popularity in the Western US. The outlet may have less profits in the initial days but Tea has great demand in the market. You must be logged in to view this form. Certainly, the expansion of Ding Tea to over 1,000 locations is impressive. Ding Tea has a $20,000 franchise fee and a total initial cost range of $123,000 to $422,000 . As of 2023, there are over 1000 Ding Tea franchises across the world. It will also be where you learn more about the brand. Youll need around $200,000-$527,000 to get started. The minimum requirements to get started are liquid capital of $100,000, $25,000 owners fee, and $260,000 minimum investment. Franchise fee: You do not need to deploy a lot of capital to be able to establish a Ding Tea franchise. This money goes into paying the franchise fees, store rental, equipment, various startup fees, and to meet liquid reserve requirements. The franchise fee is a lump sum fee you pay upfront to Ding Tea at the signing of the franchise agreement. Ding Tea also has a strict policy against the unauthorized reproduction or distribution of any proprietary materials related to the business. Facilities Fee: Customer discretion. So, we cant say for sure how much money each Ding Tea store makes. Proudly powered by WordPress Its, 7 Jiu-Jitsu Franchises You Can Become An Affiliate Of Brazilian Jiu-Jitsu is now a popular fitness-focused martial art practiced all over the, Do you enjoy teaching and helping kids become successful? This might indicate some theoretical problems. Since then they have branched out to Canada, U.S., UK, Singapore, Australia, Singapore and Indonesia with more than 500 stores. Thus, we are unable to estimate the average sales of each individual franchisee solely from the FDD. A few franchises offering a kiosk or mobile model may fall near the range of franchises under 50k. Together, this process is intended to vet you as a franchisee, help design your store, build your store, and help your opening go smoothly. With a solid operating strategy and strong market experience, Ding Tea enables the franchisee to lead the market trend. For example, we know that black tea is currently the biggest seller with Asians being the primary market. The initial franchise fee is $41,500 per location and 4.5% of monthly sales. Their headquarters are in Taiwan and operate in over 38 countries, but their first outlet outside of Taiwan was in California. 2018 | The Educated Franchisee | All Rights Reserved, Item 1: The Franchisor, Its Parents, Predecessors and Affiliates, Item 8: Restrictions on Sources of Products and Services, Item 11: Franchisors Assistance, Advertising, Computer Systems and Training, Item 14: Patents, Copyrights and Proprietary Information, Item 15: Obligation to Participate in the Actual Operation of the Franchise, Item 16: Restrictions on What the Franchisee May Sell, Item 17: Renewal, Termination, Transfer and Dispute Resolution, Item 18: Arrangements with Public Figures, Item 19: Financial Performance Representations, Item 20: Outlets and Franchisee Information. It should be mentioned, however, that the angle of providing snacks and desserts may help to distinguish itself from other competitors in the Taiwanese-style tea space. Ding Tea, currently is the largest Taiwanese beverage brand in China, is also the only take-away style tea beverage that authorized to brought into or operate in the 2010 Shanghai World Expo. They provide their partners with training, and constant support with starting and running the business. Dessert items are offered as well, including cakes and frozen yogurt.