Sharetea is a prominent bubble tea franchise originating from Taiwan, established in 1992. Renowned for its authentic tea-based beverages, Sharetea has expanded globally, boasting over 450 locations worldwide. The franchise offers a diverse menu that includes classic milk teas, fruit teas, and specialty drinks, catering to a wide range of taste preferences.

Franchise Overview

• Established: 1992 in Taiwan
• Global Presence: Over 450 locations across 13 countries
• Products: Authentic bubble tea beverages, including milk teas, fruit teas, and specialty drinks

Franchise Investment Details

• Initial Franchise Fee: Ranges from $12,000 to $48,000, depending on various factors
• Total Initial Investment: Estimated between $296,000 and $502,000, covering expenses such as construction, equipment, inventory, and initial operating costs
• Liquid Capital Requirement: Minimum of $100,000 to $150,000 to ensure sufficient funds for startup and operational needs
• Net Worth Requirement: Recommended net worth between $300,000 and $500,000 to demonstrate financial stability

Ongoing Fees

• Royalty Fee: 6% of gross monthly sales, with a minimum of $1,200 per month
• Marketing Fund Contribution: Approximately 2% to 3% of gross monthly sales, allocated towards national and regional marketing efforts

Franchisee Support and Training

Sharetea provides comprehensive support to its franchisees, including:

• Training Programs: Extensive initial training covering operations, customer service, and product preparation
• Site Selection Assistance: Guidance in choosing optimal store locations to maximize foot traffic and visibility
• Store Design and Construction Support: Assistance with layout planning and build-out to ensure brand consistency
• Ongoing Operational Support: Continuous assistance in areas such as marketing strategies, supply chain management, and staff training

Franchise Application Process

1. Initial Inquiry: Prospective franchisees submit an application expressing interest in the franchise opportunity.
2. Qualification Review: Sharetea's headquarters in Taiwan evaluates the applicant's qualifications and financial standing.
3. Detailed Discussion: Engage in discussions with Sharetea representatives to understand the franchise model and expectations.
4. Pre-Contract Agreement: Sign a pre-contract to secure exclusive rights in the designated area.
5. Site Selection: Collaborate to identify and lease the optimal store location.
6. Franchise Agreement: Finalize and sign the franchise contract, followed by preparation for the business launch.
7. Training and Opening: Participate in comprehensive training and proceed with the grand opening of the store.

Why Choose Sharetea?

• Proven Business Model: Decades of experience with a successful track record of expansion.
• High-Quality Products: Commitment to authentic flavors using premium ingredients sourced from Taiwan.
• Comprehensive Support: Robust training and ongoing operational assistance to ensure franchisee success.
• Brand Recognition: Strong global presence with a loyal customer base.

Investing in a Sharetea franchise offers entrepreneurs the opportunity to be part of a thriving global brand in the rapidly growing bubble tea market. With comprehensive support and a proven business model, franchisees are well-positioned for success.