I don't think the growth looks exponential, but more like a traditional strong linear growth. Remember kids, "exponential" is not a synonym for "bigly".
@andyfma1239 ай бұрын
Or Ugeeeeeee
@LeonMortgage9 ай бұрын
The graph looks like an exponential curve
@ThePhiphler9 ай бұрын
@@LeonMortgage Linear curves are never perfect when you measure real things. Exponential growth would imply a rapidly increasing tangent in the later data points, which is absent here.
@Allen-L-Canada9 ай бұрын
low barrier of entry makes it almost impossible to build a moat around their business.
@PersimmonHurmo8 ай бұрын
Wtf is the word "bigly"? Did you pull that word straight from a 1970s jello party?
@thequietplayer36919 ай бұрын
I grew up in Taiwan. People have been saying it's a fad since 1990s, but the bubble tea businesses are still booming over there somehow.
@alextam1675 ай бұрын
can still see em throughout Asia, they're have a very long lifespan
@jaimeresendiz129 ай бұрын
I used to own a couple of boba tea storefronts and food trucks here in Dallas/Ft Worth. Most of this is in the ballpark and accurate on paper. 7:08 But the biggest thing that is way off is about staffing/managing. It’s not easy nor simple. It’s actually the hardest.
@awesomepomegranite6 ай бұрын
I'm quite interested, can you elaborate?
@Saykdom5 ай бұрын
What bussinesses are you into now ?
@Allister20009 ай бұрын
In Canada, its been around since the late 90s and has grown steadily since then. I feel its reached its peak saturation (at least in the urban areas).
@LizardSpork9 ай бұрын
I think I don't be the guy who opens a bubble tea shop, I want be the guy who supplies that guy with pearls and cups.
@nictse5009 ай бұрын
You're already too late
@yikes26129 ай бұрын
No this doesnt make any sense. You just took the saying about the gold rush and applied it to the bubble tea industry without thinking for a second. The reason why its used for the gold rush is bc it is very very hard to find gold consistently in large quantities and quite easy to consistently sell shovels. This does not apply to bubble tea. You can upcharge bubble tea to a insane amount like 10 dollars for pearls that cost 26cenrs per serving and some milk and syrup. The margin for selling the bubble tea directly is wayyyy higher than selling the raw ingredients
@a8uella9 ай бұрын
@@yikes2612depends on how long you plan on making money. Bubble tea is popular now but selling plastic cups is definitely more sustainable over time. Using the bubble tea rush to create a foundation for your plastic cup manufacturing or distribution is a good play for long term even after the fad dies they’ll likely be a new beverage you can still supply
@drek2739 ай бұрын
@yikes2612 I think he was just joking bro. Holy shit💀
@TheDarkzerox1238 ай бұрын
@drek273 i dont think that opinion was a joke lol.
@wahid59239 ай бұрын
When Jack in the Box entered the bubble tea market, I was surprised and wondered if McDonald's would follow suit.
@abmo62289 ай бұрын
They have bubble tea in McDonald’s in Asia
@janinaschmitt55629 ай бұрын
McDonalds sold Bubble Tea in Germany from 2012 to 2013. Tried it once, it tasted terrible.
@triadwarfare9 ай бұрын
McDonalds sold a variation of Bubble Tea (Milk Tea) here in the Philippines. It was horrible for me as it seems that it reeks of Aspartame. That sweetener leaves an unnatural aftertaste.
@stevez51349 ай бұрын
they have CosMc now
@trod59029 ай бұрын
@@triadwarfare aspartame is the WORST. im so glad people agree. literally cant stand the taste of it, its disgusting
@dumpdumbdummy99429 ай бұрын
As someone who uses boba tea as a date night, I can tell you you are downplaying the profit margin. None of these places are paying their workers even 30k a year. And a large cup in Florida will run you about 8 dollars minimum
@glithch9 ай бұрын
He was not talking about a store in florida though.
@AskMiko9 ай бұрын
@@glithchFlorida is cheaper than California so I’d say the same… each cup is $5-$7 or more based on my last trip to California. The El Monte location is an example of course but the price per cup is definitely over $5.00.
@EIiteTactics9 ай бұрын
The video is correct in the profit margin of Ding Tea in California. Bubble tea is already ultra competitive in the last 5 years and a number of brands have expanded too quickly and failed. Look up Honey Boba in California, and you will know what I mean. People are now discerning about the quality of the syrup, if the shop uses real tea and how chewy the tapioca pearls are. Ding Tea unfortunately suffers from the real tea flavor aspect as well as consistency of their tapioca pearls. At least in California they do (they are not alone). Because of its slightly lower quality, Ding Tea is usually a bit cheaper than some other boba shops in the area. Boba Time and Lollicup are also discount boba chains in California.
@carpediem45128 ай бұрын
SIMP!!!!!!
@brittenyevans11018 ай бұрын
The $8.00 dollars is worth it. Because the bubble and boba drinks are the bomb
@BoSmith70459 ай бұрын
Less than 60k a year in profit. After dealing with employees, customers, suppliers, maintenance, working pretty much everyday unless you close on Sundays which would probably kill your profits it doesn't sound worth it to me.
@codycast9 ай бұрын
How can those things “kill your profits” when those things are already calculated into the costs that derived at the profit
@BoSmith70459 ай бұрын
@@codycast I am assuming they are were operating 7 days a week. Closing the store to take one day off for your self unless you REALLY trust your two minimum wage employees would eat into what little profit you are making. Perhaps you misunderstood me because I didn't use a comma.
@codycast8 ай бұрын
@@BoSmith7045 basically your profit is made up of all of the income you bring in minus all of the expenses. What you left with is a profit. So you don’t take that final number and say “well let’s just subtract the expenses for XY and Z“ as that has already been done
@BoSmith70458 ай бұрын
OMG. I talked about changing ONE thing that could change your profits as a aside. And you are acting like I lumped in employees and paper cups. You are hung up on "unless you close on Sundays which would probably kill your profits". Reread the original post without the throw away comment and quit being so autistic.
@xiaoka8 ай бұрын
You gotta have like 5+ shops.
@shanghaidiscovery26649 ай бұрын
Nayuki and other retail chains like Heytea in China are not really just bubble tea stores. they sell baked goods, ice cream... etc.
@travissobeck49399 ай бұрын
I hope that store in California comes with a small living space in the back because you're not affording rent in California with that profit
@ozjef9 ай бұрын
Probably why it’s being sold
@xiaoka8 ай бұрын
You gotta have multiple shops.
@MILFHunter1237 ай бұрын
most people run it as a side business dude.
@mcotton30779 ай бұрын
Cassava is an amazing plant! Very popular in West Africa! Hoping West African countries raise their price of cassava sold to benefit from this!!
@silversurfer82379 ай бұрын
Great content. The phenomena of bubble tea is worth analyzing. This will be the foundation for identifying the next fad to buy into.
@yensteel9 ай бұрын
Fad or trend, the big question. Some stuff were fads which died in months. Others were seasonal, where they come back. Others simply stayed. 👍
@SpinachLeaf9 ай бұрын
Something loaded with sugar and cream(fats) sells alot im shocked
@LaSombraa9 ай бұрын
@@SpinachLeafIt literally just taste like watered down milk with a ton of sugar and then they add the pearls lol, it’s really nothing special
@NiyaFallace8 ай бұрын
Taiwans national beverage is bubble tea. I went to Tawain in 2017 in college. Then i came back and all i could see is bubble tea shops
@dulio123859 ай бұрын
No sponsor this time. Someone probably got shit-canned over shilling that gambling site in the last video.
@bosshoss69lee9 ай бұрын
Oof
@bobbybabu82449 ай бұрын
Lmao
@geraldh.80479 ай бұрын
Na, they just won big on that gambling site and don’t need money anymore 😉
@grahamjones54009 ай бұрын
They might as well also do beer and pizza ads, it would fit the gambling audience.
@turningpoint000019 ай бұрын
I can’t even grasp how dumb your comment is. I am a professional political analyst with background in academics and use other providers of prediction markets to do my work. It is not a gambling - it is a professional tool. Trading stocks would be THE SAME gambling in your logic.
@internetowywichrzyciel69717 ай бұрын
i love how you showed buissness model of this small shop. Super interesting part.
@briannewman62169 ай бұрын
Sounds like the bubble tea industry is in a bubble.
@contenteater8 ай бұрын
💥😮
@ghostbansurvivor62293 ай бұрын
It's been around the 90s.
@moonknight35948 ай бұрын
Thanks for idea ! My friend is an entrepreneur I'll share this idea with him ! He was finding something new to do new business in my country there is no bubble tea shops so there is huge market to take first movers advantage😮 ! Thanks !
@moneypro859 ай бұрын
These were my jam in 2005. I can't drink them anymore because they are high in calories and low in satisfaction.
@larryc16168 ай бұрын
More for me!
@joshboy884209 ай бұрын
I promise you the cost of goods in a bubble tea shop are not running 33%. The most expensive part are the pearls, which they charge extra for so those costs are covered. Essentially you are paying for the cup, tea, milk and flavoring. The most expensive part would be the plastic cups and straws, maybe 50 cents. The rest would be around 15 - 25 cents each. I dont see a cup of bubble tea costing more than a 1$ to make.
@Greg-yr1dv9 ай бұрын
Rent & Salaries are the killers in gastronomy
@3062-l7g9 ай бұрын
This makes me realise that guy could produce a million views 20min analysis without talking to anyone in the industry... The sincenrity and the professional tone is a joke all along. Wow, i have been watching this guy for years
@anush_agrawal9 ай бұрын
He looked at china's shop and cost was higher than 33%
@mastpg9 ай бұрын
...but you have to set up shop in a "more money than sense" location and employ smiley young people to keep your customers from remembering what an absurd product and price is in front of them.
@What-us4zb9 ай бұрын
@@3062-l7g why would you believe a random youtube commenter over the video author? And why would a plastic cup and straws cost 50 cents? A basic Google search finds Bossen and the cost per cup is about 10 cents. Straw is going to be less. @joshboy88420 has no idea what he's talking about. I'm not saying WSM is necessarily correct because the random commenter is wrong. I'm just saying don't trust either source.
@imjody9 ай бұрын
Running a brick and mortar shop and only net profiting $45,000 a year is absolutely horrendous.
@MyMovie58588 ай бұрын
That is just the profit from the bubble tea drinks. Nowadays, most bubble tea shops also sell baked goods and fried foods to complement the drinks.
@mallyb1328 ай бұрын
I am confused because the tea shops here in So Cal are about $7+ for a large drink. I'm not sure if that makes sense a difference in the net. Also, certain LA areas don't have a $16 hr minimum wage.
@xiaoka8 ай бұрын
If it was a counter or a stand with no seating, it’s much less hassle and up front costs. If you can manage multiple shops, it’s almost tolerable, as you can multiply the profit to be kind of worth it.
@db18169 ай бұрын
Excellent analysis, your killing it mate
@JoeRogansGutBiome9 ай бұрын
In San Francisco, they go for $8
@helotmotto8 ай бұрын
Idk where you get this pricing per cup but here in Austin tx is averaging around 6-8$ per cup now...
@gxvq9 ай бұрын
Haven’t seen even the most basic small bubble tea go for less than 6.
@moth.monster7 ай бұрын
Depends on where you are. The more competition in the area, the lower the prices are.
@AntonOfTheWoods7 ай бұрын
Not sure about other provinces but here in Yunnan bubble tea is starting to lose its shine a bit. There is a massive over-saturation but the fever seems to have calmed down. Coffee shops, however, are literally popping up everywhere. I know the owner of our small (500k+) town's oldest coffee shop and he has witnessed going from being the only real coffee shop to one of about 400 in less than 10 years. Starbucks growth here has been explosive...
@jeffdavis41513 ай бұрын
I think everyone is undervaluing the product which is flexible, expandable and room for other related products and good old American marketing
@joeswanson7338 ай бұрын
$55,000 profit on $320,000 gross sales a year? that's only around a 17% profit margin so for selling 25 cups a hour you barely bank $4580/month?
@samyb28344 ай бұрын
Makes 0 sense
@ericbosken31148 ай бұрын
I think it is kind of funny how this cycles... My wife and I used to go out for bubble tea at the end of our dates in Houston back in 2002-2003
@clarklowe56329 ай бұрын
The example you had was a chain if there are more than 55 locations nationwide the minimum wage increased to $20/hr. Might be reason for sale.
@newyorkvisionary9 ай бұрын
I love bubble tea. First tried it in 2017. I get a fruit tea with 0% sugar and it’s a refreshing and healthier beverage. Kung Fu is the best chain in the US imo. (Coco also pretty good). It will be interesting to see how much more it’s going to grow in the next 10-20 years.
@TheSimmpleTruth2 ай бұрын
3:52 Are those prices in California? I should be moving there. In NJ/NY you don’t get anything for less than $6.50 for the smallest and most simple version. Normally, we pay between $7.75 to almost $10. If I have a Bubble Tea, I usually don’t eat anything because the drinks cost almost as much as a meal before 2020.
@turtledovechen1769 ай бұрын
fun fact, here in Taiwan where bubble tea was invented, the look of the bubble tea really don't matter at all, firstly we call all these grab and go tea in cup 手搖杯,meaning it will have to be shake before you drink, most of the time by the store staff or a machine, so the look you see on Japanese or US bubble tea will not be there after you shake them. secondly, the use of clear plastic cup is ban here in Taiwan, so you can't even see how the tea look Lastly tea are just a part of Taiwanese daily life at this point, so posting a picture of tea are like posting that you went to Walmart, no one really cares so me as a Taiwanese traveling around the world, is pretty funny seeing people taking picture with their tea in wired color or fancy pattern
@MyMovie58588 ай бұрын
Asians take pictures of their coffee, not bubble tea. In other parts of the world, it is the other way around.
@selenium-es7hl6 ай бұрын
I remember my first bubble tea was from shop owned by Vietnamese immigrants.
@Descentperson42138 ай бұрын
Here in the Philippines we have Bubble/Milk Tea shop literally every corner but landlords have been staying away from them as they won't likely to last 6 months.
@skipperson40779 ай бұрын
tapioca is manioc root which has a C:N complex, also known as cyanide, has to processed to be made non-toxic. (legit food supply, just has to be processed in a certain way). I was in San Francisco when they got their first bubble tea place, Wonderful Foods. There wasn't much for kids to do in the Sunset District, and that shop became it, lined up for bubble tea... When the neighborhood shops saw how successful that operation was, they all started selling bubble tea and bulk candy too. When the Wonderful Food lease came due, the landlord raised the rent 5X. The owner paid it the first time around but left the location when the landlord tried the same thing when the next lease was due for negotiation. In the meantime they were no longer the kids 'spot', just one of many bubble tea places on the street and only making it because family works there. (basically - beware of business opportunities that are 'easy entry')
@alanhonlunli9 ай бұрын
Was waiting for a relevant followup to the cyanide information, but it never came.
@skipperson40779 ай бұрын
@@alanhonlunli it's discussed on the Wikipedia entry for Cassava at length
@alanhonlunli9 ай бұрын
@@skipperson4077 yeah, so u mentioned the fact, but then didn't follow up with anything relevant to it. I thought u would follow up with a story like someone didn't process it right and a bunch of people got sick off bubble tea. But you just changed topics completely.
@skipperson40779 ай бұрын
@@alanhonlunli it's not toxic if it's properly processed which in most cases means just heating it up to the right temperature
@lnbt18 ай бұрын
Yeap! i remember that time. A small, hole in the wall Boboa shop on 24th and Irving. It was a few blocks from my best friend house. I was attending SFSU. Asian kids would line up outside the door for a popular basic Lychee Milk tea. It went for $2.50 a cup. I still remember the face of the owners (husband and wife), so snob... knowing that their Boboa tea shop was so popular. After a few years, i was told that the husband was addicted to gambling and gambled off all his fortune from selling the Boboa tea drink. Not sure if it was true.
@EcomCarl9 ай бұрын
It's fascinating to see how bubble tea has evolved from its origins in Taiwan to become a global phenomenon, especially with its recent surge in popularity on social media platforms. The customizable nature of bubble tea and its visually appealing presentation make it a hit among younger demographics, driving its widespread adoption and the exponential growth of bubble tea shops worldwide. 🌏🥤
@ChristopherAndMaggie2 күн бұрын
Well done!!!!!
@aldyval9 ай бұрын
I didnt realize this channel was a Nymphia Wind stan!
@_Kittensworth9 ай бұрын
This video made me really want bubble tea.
@Lv99Slacker3 ай бұрын
What background song did you use for this video?
@ZontarDow8 ай бұрын
Around where I live bubble tea is part of a larger business, either selling other foods or selling goods like games.
@seanchao82369 ай бұрын
wow. amazing research and great video!
@z50king299 ай бұрын
We were house shopping in El Monte today. Cool
@IzyHamblinz9 ай бұрын
Probably 5500 in Irvine, CA alone to be honest.. I invested in this startup called Bobacino, they wanted to bring Boba to the rest of America via automated dispensing kiosks. Sounded like a brilliant idea, and they already demoed a working machine. Somehow they screwed it up and went defunct before launching into any markets...
@unyielding_wager8 ай бұрын
Great video! Very interesting!
@Defiantclient9 ай бұрын
Interesting. So in China, BBT shops have a harder time making a profit, because BBT is even more popular in China so they have price cutting wars so revenue per BBT is competitive. Equipment depreciation is also more severe in China as a result, as "revenue generated per bubble tea machine" is lower before they have to replace them. BBT shops are oversaturated in China. Large chains, as opposed to franchises, pay for a lot of advertising and corporate overhead.
@thinktankindi26649 ай бұрын
Great breakdown of cost.
@abuferasabdullah9 ай бұрын
It’s a Management Consulting episode 😀👍🏼👍🏼
@wendyshoowaiching41618 ай бұрын
It's delicious. 1 cup at occasion time is not unhealthy. As long its delicious fun.
@MrHangman569 ай бұрын
While i dont like bubble tea myself, i wouldnt mind running my own tea shop, but cut down on costs by making it sit in, like anhangout for teens, and reuse cups and spoons instead of straws
@reappermen9 ай бұрын
That doesn't actually really decrease costs. Sadly plastic single use items are so cheap, the costs for buying, maintaing and cleaning multi use cups doesn't really come out much cheaper. Plus you also have extra cost for rent and upkeep and such for the sit in space. This is not ment to discurage you btw, just want to pointnout that you should check and calculate carefully what costs how much before opening a shop of any kind.
@feedthesnake33949 ай бұрын
starbucks not converting closing stores into boba shops under a new brand to me is a mindblowing missed opportunity.
@kendalson71009 ай бұрын
Yup 12 year olds will love it. It's too sweet for me and a calorie bomb.
@havencat93378 ай бұрын
i can assure you they are profitable in CN. kids order tons of them and this drinks are not cheap when compared to other thigns they can buy.
@deadm0ney8 ай бұрын
Boba Milk Tea these days in LA costs over $6 now for a large.
@maggiejetson79044 ай бұрын
Fun fact: the term boba stands for "champion of balls". Balls was also a nick name in Chinese / Cantonese for boobs. The "champion of balls" used to be a lady with huge implants and short small frame (Amy Yip), sort of like Dolly Parton. The first bubble tea cafe use that term to help sell the drink and now it is stuck.
@ThinkAboutMyComment27 күн бұрын
it doesn't mean bubble tea? because the fruit made gelatinous are like bubbles in your tea
@richardlivings86404 ай бұрын
Would a bubble tea shop really sell no other products?
@KathyXie6 ай бұрын
In Taiwan people dont drink it as sweet, most people order it with 0 or 25% sugar, i feel judged by friends when i order 50% like if im going to die by diabetes, most places dont have those juice balls or as many artificial colors.
@SonjaHamburg9 ай бұрын
Bubble tea still exists??? Some years ago, those shops popped up everywhere in germany, but like a year later they were gone.
@MyMovie58588 ай бұрын
They are everywhere in Southern California. I think we may have more bubble tea shop than coffee shop here.
@prettypuff19 ай бұрын
3:49 need to bring those prices up by $3
@lol-zb8to9 ай бұрын
i like bubble tea but i get mine 25% sweet or 50% sweet cause the amount of sugar/syrup they put in those drinks by default is insane
@nitiratp9 ай бұрын
My take-away: it's a bit of a bubble.
@gneruinseruihnutshnu8 ай бұрын
The low entry cost is brutal. This business have absolutely no moat against competition oversaturating your area. Exit-scam-like IPO is the only profitable outcome for these brands.
@gneruinseruihnutshnu8 ай бұрын
I bought bag of bobba (and reusable straws) in local vietnamese market and made home bubble tea easily and cheaply. Its even easier than making good cappuccino at home.
@frevazz33647 ай бұрын
That Bubble Tea shop has prices from like 2010, no wonder they are tying to sell, they are charging too little.
@Justcetriyaart9 ай бұрын
I was ok when i first tried/saw them... but i hate that when i look for tea shops all i get is boba. I want just regular non sugared tea
@sizanix8 ай бұрын
Can't you just order it with 0% sugar?
@TGWazoo19 ай бұрын
I think the battleship coffee market is still wide open. Not even Starbucks sells battleship coffee. It commands a premium because hey…it’s battleship coffee.
@DerHitsch9 ай бұрын
Really, is Bubble Tea still a thing? I had the impression that this hype has been over for some time, at least in our country.
@yensteel9 ай бұрын
It was unchanged at all in asia at least. Still everywhere. I can't say about the west. Covid messed with a lot of stores for one.
@serebii6669 ай бұрын
Still very popular in Central Europe, though the market seems to have largely stabilized
@hfh29339 ай бұрын
In Italy there was the boom from 2019 to 2022. They started closing bubble tea store from then, the market here became very saturated
@5JasonKidd28 ай бұрын
Look up 蜜雪冰城, the company make a shiet load of from Franchisee for the raw materials
@truckfinanceaustralia13358 ай бұрын
Experienced in credit industry, please stop including depreciation expense as a negative in regards to a business turnover. Depreciation expense is a tool of the taxation office. Say a item was depreciate to zero, would it's market value be 0? The answer is no, it can still produce output.
@9868g78 ай бұрын
Kung Fu Tea and Gong Cha both have the option to customize the sugar level. Long live boba! ❤
@katewolf008 ай бұрын
I love boba tea
@dosgos9 ай бұрын
California shop also has management cost of 0, I assume. All these bubble tea shops must be putting pressure on Starbucks and other coffee houses.
@jackieknits618 ай бұрын
I have been a bubble tea fan for a while. But i rarely go to chain shops but rather the ones that use real tea and real fruits and dairy. They are more expensive, but they really are a dessert. I rarely get them because they are not good for you even with quality ingredients. Ive noticed that starbucks fancy drinks and iced teas are looking more like boba tea without the boba. Yeah, i don't buy from them either.
@pistolen878 ай бұрын
I don't get why people spend so much of their income on beverages in general.
@WWCephas9 ай бұрын
I wonder what it costs in China compared to the US. They are ridiculously expensive here.
@user-qwertyuiopasdfghj8 ай бұрын
Can go as low as 1-1.5 dollar per cup in chains like Mixue, higher end shops sells around 2-5 dollars depending on the location of shops
@Tubes788 ай бұрын
I tried one but it tasted like instand diabetes, so I never drank one after that.
@LOPEZAVATAR9 ай бұрын
I liked buying bubble tea a lot last year but this year I just got tired of it don’t want to even see it, I just want the tea not the bubbles any more 😂
@arbaz799 ай бұрын
I have tried bubble tea and I found it to be overrated.
@shonevans25639 ай бұрын
The bubble burst in nyc years ago
@paythewave9 ай бұрын
Seattle
@asiancinemabuns82037 ай бұрын
Nayuki also sells bread
@SillySausage-mq3so9 ай бұрын
Never had it never want it.
@rawlyrics94239 ай бұрын
U trippin
@jer17769 ай бұрын
I had it once, I thought it was gross and too sweet. I prefer plain black or green tea.
@jayhealth52648 ай бұрын
Not all Bubble Tea places use artificial flavoring.
@StockMaster-20255 ай бұрын
boba tea will be bigger and bigger because it's kinda addictive drinks
@AskMiko9 ай бұрын
Dump the delivery service - that money could be spent on employees or operating costs. COGs isn’t 33% for a drink shop. The profits made from delivery is low and not worth it.
@nadiadansani21397 ай бұрын
i like bubble tea. I could see what happened to the frozen yogurt stops happening to it
@bigmock1418 ай бұрын
Many people think this is healthy because it have tea
@KarinVanBrussel-gw1wi8 ай бұрын
I 💗 u blender tea🙃🙃🙃
@Phlegethon9 ай бұрын
As a Chinese person I’m gonna point out that bubble tea is trash
@kaydog8909 ай бұрын
That's because Taiwan isn't China; As much as you all would like to say.
@user-qwertyuiopasdfghj8 ай бұрын
@@kaydog890its name says otherwise. PRC only get to join UN when ROC was kicked out
@Phlegethon5 ай бұрын
@@kaydog890 Because Taiwan is a part of China as much as you would like to say otherwise
@friednoodlee65998 ай бұрын
The only thing that is good about growing business is if you can capture most of that growth and defend it well. But a super growing industry with low barrier of entry? Avoid
@siuabc8 ай бұрын
Once this was only known for Asian, and now, everyone knows and young ppl want one!
@bobz17369 ай бұрын
It looks like the "bubble" has burst...
@Obi-Wan_Jkobi9 ай бұрын
slurping giant balls with the texture of boogers through an awkwardly large straw. definitely a gross revenue
@kevinbarry719 ай бұрын
Very common in the Philippines, personally, I think that stuff is absolutely revolting
@nceu99679 ай бұрын
If you try to open a bubble tea shop here in PH, chances are you just burned all your investment money due to market oversaturation.
@kevinbarry719 ай бұрын
@@nceu9967 very common here.
@yensteel9 ай бұрын
You mean the original one? That's quite a shame. Is it the pearls or the drink? What flavours didn't you like? Milk tea?
@kevinbarry719 ай бұрын
@@yensteel anything with those disgusting balls in it. Milk tea is just too sweet. I feel my teeth dissolving
@yensteel9 ай бұрын
@@kevinbarry71 Ohhh, they do have way too much sugar in them. Here, you could order it with low sugar or no sugar. It may not make it satisfying for you, which is alright.
@jaimegonzalez58146 ай бұрын
First time I hear about it
@Cadmus95019 ай бұрын
While bubble tea taste delicious and has a variety of flavors, it is not healthy to drink regularly. The sugar and calorie content is through the roof. The business model has a low cost of entry, making it easy for anyone with the cash to open their own store, the cost side of things made me laugh since I do know people that don't spend anywhere near the amount of money stated in this video in regards to materials or labor, you will see family or friends running these type of businesses to keep cost down. It is not worth getting a franchise because they will lock you into a contract to buy all the equipment and supplies through them at a high price. This type of business suffers from market saturation and if you want to stand out, you need to market yourself as something different, you need some sort of gimmick to stand out or you will go out of business.
@sizanix8 ай бұрын
If all the US market has right now is bubble tea with artificial flavourings, boy is your market in the early stages yet.
@DumbledoreMcCracken9 ай бұрын
Doing better than my buddy who is losing 20k per year
@nudgeinbox8 ай бұрын
How and where
@DumbledoreMcCracken8 ай бұрын
@@nudgeinbox retail specialty store
@glennda5id8 ай бұрын
It's a Bubble!
@qa1e2r48 ай бұрын
*cough* automated vending style machine.... get 30% profit margins lol... mix flavor selection,shake it in the cup, add pearls,seal and sell... cooking robots already do 20 times more operations... shouldn't cost more than 10k
@vsonic869 ай бұрын
😂😂😂right on while I work at the bubble tea store. My boss opens 3 fucken locations in A single year. All 3 stores were started to build on the same date and open on the same date with these Chinese lion dance on their grant opening on the same date. wtf is this?
@lokyinphotography8 ай бұрын
Bubbles tea is like a trend, the brand itself decline every 5 years. So they only time to make good money probably the first 2 or 3 years. As new bubbles tea place pop out, people will beginning to forget the old bubble tea. Look at Quickly and Kung Fu tea, they're long gone.