Yes, the application deposit is fully refundable at any stage throughout your recruitment process.
The cost to franchise with Sharetea depends on the location you’re looking to franchise. It is very difficult to indicate an average or approximate cost as there are too many variables to be consider. Get in contact with our team today to discuss further.
We recommend that you seek professional financial advice regarding the amount required, this is approximately 10% of the total investment cost.
Yes, you will need to have access to at least 50% of the total investment cost. Seeking professional advice, you may have this in actual cash, funding from family and friends, equity in your home/investment properties or a combination of all. We will require proof of funding levels within the recruitment process.
There are a significant number of variables to consider when owning and operating a franchise and therefore we cannot determine your success. Once an application form is submitted and after an initial face to face meeting we will provide you with Sharetea’s historical network sales reports, Financial & Business Planning Guides to assist you in preparation.
It is essential that you consult your financial advisor as a part of your own due diligence and create your own forecasting model and plans.
We provide a comprehensive 3-week training program for all new Business Partners that includes at least one week in Sydney. The in-depth training programme includes front to back operations support provided by our People & Culture team. The team will work closely with you and build your confidence as a business owner to confidently walk into and control your franchise.
No, Sharetea’s highly experienced Leasing Executives will source and negotiate new sites with landlords and store owners.
Sharetea’s application process typically takes 6-8 weeks however this is highly dependable on you as the potential business partner. We will work with you at a comfortable pace however please be mindful that there are other applicants interested and undertaking the same process.
The cost of a bubble tea franchise will vary depending on the location and size of the store. To learn more about the set-up costs for a bubble tea franchise with Sharetea Australia, contact us today on [email protected] or call 02 9262 1503, and we’ll help you get started!
Unlike facing the challenges of starting your own business alone, at Sharetea Australia, we offer a full-service approach. Our turn-key solution includes store fit-out, equipment, training, new store opening promotion and ongoing operations and marketing support. Since we remove the complexity of setting up your own business and offer continuous support once you are up and running, many people open a bubble tea franchise in Australia with us as a cost-effective solution.
Yes, there are other expenses associated with running a Sharetea bubble tea franchise. Costs include supplies, signage, and rent for your space. As you would if you were running your own business, you will also need to hire employees to staff your store and cover operational costs. Our entry cost is very competitive, making Sharetea one of the easiest franchises to join.
The appeal of bubble tea extends to a wide audience. While young adults in the 16-35 age bracket are the main customers, people of all ages and cultures are attracted to bubble tea because it’s a fun and personalised experience that extends beyond taste.
Bubble tea offers a textural element, for example by including boba pearls, which makes it more exciting than coffees or standard teas. Another reason behind the growing demand for bubble tea is the customisation element. Flavour, sugar and ice levels can be adjusted, making room for exponentially different bubble tea drinks you can order.
Sharetea bubble tea franchises can be an extremely profitable enterprise. We’ve been in the bubble tea business for over 10 years, and during that time, we’ve collected a lot of experience on what works and what doesn’t to help you hit your financial goals.
