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There are different names by which bubble tea is known and they are pearl milk tea, boba tea, and Zhen zhu nai cha.
According to a data report collated by Foursquare, the bubble tea business has increased in popularity as more people were visiting bubble tea stores in 2015 to get or drink bubble teas or to buy the ingredients that would enable them make their own bubble teas at home.
However, even though more people are now switching over to bubble tea, it is yet to reach the scale of some giant coffee stores in the United States of America.
This section should summarize your entire idea in an exciting way that makes the reader want to learn more.
A strong executive summary includes a clear mission statement, your store concept and planned execution, and an overview of potential expenses and returns.
This Asian drink usually has little balls that are squishy – tapioca pearls – in nature and goes through the drinker’s straw.
Going into the bubble tea business requires the entrepreneur to be innovative and creative when mixing blends or thinking up base for the tea.The business plan takes into account factors how you intend to market and sell your product, your financial analysis as well as what business structure you intend to have for your company.It is for this reason that a sample bubble tea business plan has been prepared below for you.For the latest tea industry trends and insight, refer to Before your bubble tea shop is set up, you should have a general idea for marketing it.Explain how you’re going to reach customers efficiently and at little to no additional cost. Before your shop is up and running, you should have a detailed outline of your business’ day-to-day procedures from opening until closing time.Your operations plan should include jam-packed information about data upkeep such as inventory, filing, programs used, schedule and payroll management, and more.Investors want to know where their money is going and if your business is moving forward, especially during the first year of your business.Having a business plan can ensure a better understanding of your goals from prospective banks, sponsors, manufacturers and the marketplace and also serve as a strategic roadmap for your business., which provides counseling on creating a successful business plan.Make sure you set a casual but professional tone in your writing, so readers easily understand your message. With so many floating factors, aspiring shop owners can become lost before the process even begins.Writing a business plan can seem time-consuming and unnecessary, but the results may help paint a better picture of your store’s potential while dodging possible risks and pitfalls.