VIVI bubble tea

Food & Beverage Food Retail (Grocery, Specialty Foods)

Franchise Summary

Description

VIVI Bubble Tea is a well-known franchise that offers a diverse menu of bubble tea drinks made with high-quality ingredients, appealing to a younger demographic with its vibrant store atmosphere. The brand has rapidly expanded through franchising and engages with local communities, making it a prominent player in the global bubble tea market.

Company Background

VIVI bubble tea is an Asian-inspired, healthy lifestyle brand that offers franchises for the operation of caf?s. The company provides a range of beverages including teas, coffees, juices and smoothies. VIVI also serves fruit-based bubble teas called "bubble milk tea" or "boba milk tea." Founder Tony Jin noticed how popular these drinks were in Taiwan and wanted to bring them to the United States. With over 200 locations, VIVI hopes to continue its growth by offering franchising opportunities for entrepreneurs who want their own business with all the support they need to thrive.

Franchise Opportunity

Bubble tea is a popular drink, but it can be hard to find a good one. Most bubble tea shops are either too expensive or the drinks taste terrible. We offer high quality bubble tea made with fresh ingredients and delicious flavors. Our drinks are affordable and perfect for any occasion.

Corporate Structure

We are a New York corporation, organized on March 28, 2019, for the purpose of offering VIVI bubble tea franchises. Our principle business address is 43 40 Union St., Unit 1A, Flushing, NY 11355. We use the trade name “VIVI bubble tea” to conduct business. We have offered franchises providing the type of business you will operate since our inception. We have neither engaged in any other line of business nor offered franchises in any other line of business. Our agent for service of process in New York is James Huang who can be reached at 43 40 Union St., Unit 1A, Flushing, NY 11355. Our agents for service of process in other states are disclosed in Exhibit B.

Investment and Franchisee Fees

The total investment necessary to begin operation of a VIVI bubble tea franchise is $166,900 to $305,100. This includes the $28,800 franchise fee that must be paid to the franchisor or affiliate.

FAQ

How much investment do I need to start my own VIVI bubble tea business?

Franchisees typically require at least $166 to $305 investment to get their VIVI bubble tea business started

What are the initial franchise fees for VIVI bubble tea?

Franchisees typically need to pay at least $28 in fees directly to VIVI bubble tea in order to earn the right to launch their business

How much money can I make with a VIVI bubble tea franchise? What are the average revenues for a typical VIVI bubble tea business?

We haven’t done the math on how much revenue a typical VIVI bubble tea brings in each year. We estimate that other franchisees in the Food & Beverage industry generate $1,201,697 revenue, so we would expect VIVI bubble tea to generate a similar amount

How long do I need to commit to running a VIVI bubble tea unit? What is my contractual commitment?

The standard length for an initial franchise contract is 10 years. Renewals are also generally 10 years

Accessibility

3 /10

The Franchisor's investment costs ranges from $513,394 to $880,343 which is Much Higher than the $0 to $0 average in the Food Retail (Grocery, Specialty Foods) 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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