Boba Tea Growth in USA
The bubble tea industry is growing rapidly. Depending on the sources, its compound annual growth rate (CAGR) is estimated to be between 7% and 9%. The CAGR is similar globally and regionally – in the USA. Therefore, setting up a bubble tea business might be a good idea. So, why should you join a USA boba franchise, and what are the available opportunities? Read this article to find out more!
Why should you start a boba tea business?
As we have mentioned in the introduction, the boba tea USA industry is estimated to grow. The US CAGR for the next 8 years is expected to keep at a 7-8% level. Since it is an expanding business, both the demand and the revenues will become higher. Therefore, it is wise to start your bubble tea store as soon as possible – you will be able to attract customers before your potential rivals. After all, with such stable growth, new investors coming into this industry is just a matter of time.
Apart from winning the race with potential competitors, starting your bubble tea store now will come with an additional benefit – you might be able to collect revenue quickly. Additionally, this will lead to a faster expansion of your business – you can earn enough to invest in new facilities, thus reaping the harvest of the current situation even more effectively.
How does the boba tea growth in the USA affect your potential business?
While it is great to start your boba store, you need to look into big players in the same industry. In an industry that develops so quickly, the popular bubble tea chains will be either your closest competitors or can be your best allies. They have the know-how, the resources, and the brand recognition. Therefore, it would be wise to become a part of them.
Thankfully, it is possible – you can join one of the major bubble tea chains and run your business in the USA as a boba tea franchise. This will allow you to have brand recognition and marketing knowledge, as well as join the success of their proven recipes and store design. Additionally, you will attract customers simply with the brand’s name – after all, people prefer to go to the places they are familiar with.
Are the boba tea franchise opportunities worth investing in?
If you understand that you need a good bubble tea franchise to achieve success in the USA, you should start thinking about which one to choose. There are several major bubble tea chains that offer boba franchise opportunities.
If you want your boba store to become successful, effective and well-known, you should opt for Sharetea bubble tea franchise. All you require is 300,000 USD investment and 100,000 USD of liquid capital and a general idea for the location. We will help you along side on selecting a particular venue and marketing your business. With our proven methods and recognizable bubble tea flavors, you can run your boba store as prepared as possible.
Additionally, by deciding to work with us, you will have opportunities by providing catering for the local events. Big events like serving bubble tea at Hangout Fest are also possible, so you can be sure that there will be many more opportunities than just selling boba in your store. Do not hesitate to contact us – together, we can make it work!
The takeaway
Bubble tea market in the USA is definitely growing. Therefore, it might be wise to start a tea business. If you are planning to do so, choosing an outstanding boba franchise might be the smarter thing to do. With the expertise of a major bubble tea chain, making your store successful will be a piece of cake!
You might also like to read about Sharetea’s Franchise EVENTs in 2023.
Sources (the data bout the CAGR): https://www.grandviewresearch.com/industry-analysis/bubble-tea-market
https://www.verifiedmarketresearch.com/product/us-bubble-tea-market/