It's Boba Time
Food & Beverage QSRCompany Information
Address
701 S. Vermont Ave. Los Angeles, CA 90005
Website
Tel
Email
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Franchimp Summary Rating
Lower than 21% of peers
Franchise Summary
Description
We offer franchises for the operation of “It’s Boba Time” snack and dessert shops offering smoothies, snacks, desserts and beverages on a dine-in and take-out service in high volume retail centers and other high traffic commercial locations throughout the United States.
Company Background
It's Boba Time is a family-owned and operated business that offers smoothies, desserts, snacks and beverages. Their goal is to provide the best customer service and delicious products for their customers. They offer cold-pressed juices, organic hot cocoas and teas, as well as an assortment of vegan options such as boba drinks made with fresh fruit or milk alternatives. They also serve up some pretty amazing ice cream sandwiches! It all started when owners Jeffery and Joy found they were always craving something sweet after eating savory foods like sushi--and began experimenting in the kitchen to satisfy those cravings. The duo soon realized there was no one else offering what they had perfected: dessert that could be enjoyed anytime of day
Franchise Opportunity
It's hard to find a healthy snack option when you're on the go. We all know that snacking is important, but it can be hard to eat healthy snacks while running errands or in the office. Boba Time solves this problem with delicious smoothies and boba drinks made fresh daily using real fruit purees, milk and ice. Our menu offers a range of options for everyone from vegans to those who are gluten free or have dairy allergies. Try one of our tasty salads or desserts like our famous Unicorn Pop! We also offer coffee, tea and other beverages for non-dairy drinkers. See what people are saying about us at https://www.yelp.com/biz/its-boba-time-san-francisco .
Corporate Structure
We are a California corporation formed on September 15, 2011. On December 7, 2011, our company name was changed from Big Popote, Inc. to Boba Mia, Inc., and on September 10, 2012, we changed our name to Boba Time, Inc., which was registered with the California Secretary of State. Our principal business address is 701 S. Vermont Ave., Los Angeles, CA 90005. Our telephone number is (213) 251 0001, and our website is www.itsbobatime.com. We do business under the name, It’s Boba Time. Our agents for service of process are disclosed in Exhibit A to this Disclosure Document.
Investment and Franchisee Fees
The total estimated investment necessary to begin operation of an It’s Boba Time franchise ranges from $289,524 to $437,300. This includes the franchise fee of $35,000 that must be paid to us, the Franchisor. In the case of an area developer, the development fee to be paid to the Franchisor is equal to $35,000 for the first restaurant to be developed plus $12,500 for each additional restaurant to be developed under the Area Development Agreement. The development fee is applied pro rata to the initial franchise fees due for each restaurant to be developed after the first. Your estimated initial investment will vary based on the number of restaurants to be developed.
Employee Contact Database
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Distribution of It's Boba Time Franchisees
It's Boba Time Franchise System Development in 2019
FAQ
How much investment do I need to start my own It's Boba Time business?
Franchisees typically require at least $289 to $437 investment to get their It's Boba Time business started
What are the initial franchise fees for It's Boba Time?
Franchisees typically need to pay at least $35 in fees directly to It's Boba Time in order to earn the right to launch their business
How much money can I make with a It's Boba Time franchise? What are
the average revenues for a typical It's Boba Time business?
We haven’t done the math on how much revenue a typical
It's Boba Time brings in each year. We estimate that other
franchisees in the Food & Beverage industry generate
$1,201,697 revenue, so we would expect
It's Boba Time to generate a similar amount
How long do I need to commit to running a It's Boba Time unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$213,540 to $475,750
which is
Much Lower
than the $0 to $0 average in the QSR industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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