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( Tel: 714-979-9665 |
( Tel: 714-968-2169 |
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Franchise FAQ: |
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Does BoBa Smoothie grant Territory Rights? Absolutely! BoBa Smoothie is one of the true franchise growth-frontiers, and BoBa Smoothie will partner with qualified Master Franchisees and Area Developers who want to share in the financial benefits of that rapid franchise growth. However, the core of the Company’s unit growth is granting qualified individuals a BOBA SMOOTHIE franchise for a specific area/location.
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I already have a food concept, is that a problem? Of course not!! With all of your food experience, no Franchise should have the right to limit your growth and your ability to make more money for your family! And we make it easy because our unique menu of High Quality Boba Smoothie, Slush, Iced Tea, Milk Tea, Floral/Herbal Tea, Shaved Ice, Juice, and Snacks stand alone, and do not compete directly with your Sub Shop, Deli, Burrito Shop or most any other food franchise. In fact, if you’re already in the food business, we make the perfect “next Concept” for your business. And we offer you unparalleled growth because there are so many untapped markets available.
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What are your capital requirements? To effectively handle the start-up costs of the store, you must have liquid assets of $70,000 and a net worth of $150,000 to 200,000. You are then well-positioned to borrow the rest.
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How much is the franchise fee? Our Franchise Fee for your first store is only $20,000. For additional stores, it's only $15,000.
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How do I get my products? BoBa Smoothie can easily supply you with our proprietary ingredients. And because of our strong Buying Contract with manufacturers, your prices will be substantially the same as all other stores in the Chain. That’s how we help keep food cost low for Franchisees.
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What is the ongoing royalty? Eight percent (8%) of weekly sales.
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What makes a successful BoBa Smoothie Franchisee? Great question! There are three elements to any successful franchise relationship: a great Concept, a great location and a great operator. We have the first element, and we’ll help you find the second through our marketing efforts. The real key is always the operator. At BoBa Smoothie, YOU make all the difference. A Franchisee that is willing to follow a proven system in the manual, and is committed to excellence, cleanliness, consistency, and constant, positive communication with customers will always have greater success.
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BOBA SMOOTHIE has a menu that is effective all day long. But we really prefer locations that deliver a strong business and Residential population. We look for locations in strong strip centers, major street or downtown settings that are convenient to business, medical or government entities. Visibility, accessibility, and a reasonable rent package are also critical. We also look for solid locations in regional malls, near college campuses and in airports.
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What is the optimal size of a BOBA SMOOTHIE? With the high-cost of real estate, we have designed our strip center stores efficiently at 800 - 1500 square feet (Compare to 1400 – 1700), while our mall food court locations are 500 - 750 square feet. But if the location is excellent, we can adapt the layout to meet most any reasonable dimensions.
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What support can I expect? We provide you with a complete, proven business system that starts as soon as you sign your Franchise Agreement. A great Food Concept needs a great location, and we’ll work hard to help you find one, and then we’ll help you negotiate the best possible lease. Then, we’ll guide you through the design, permitting, bidding and construction process…..all the way through to your Grand Opening. Our initial training is thorough and complete, and so is our on-going training and support. We are constantly developing new products, and our operation consultants will make periodic visits to help you implement them and stay focused on your business.
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How is the advertising handled? One-half percent (0.5%) of sales for in-store promotional and advertising costs. Once there are enough stores in your area, you will contribute an additional 1.5% of your sales volume to a centralized fund which will place advertising in your particular geographic area, or nationally when we reach that milestone.
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Do I need food experience? Absolutely not! In fact, most of our employees and operators did not have prior food experience. All you need is a willingness to follow our systems, good communication skills, and a deep appreciation for customer service.....we’ll teach you the rest. Our Training Program is extremely thorough and easy to learn. Once you’re in your store, you’ll find the operation simple, and our business system complete and efficient.
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How do I get my store built? We will provide you with a complete Store Opening Manual that contains all of our design, construction, and equipment specifications. To support you further, our Manager of Store Development will work closely with your architect, contractor and all other suppliers to make your store opening as easy, cost effective and trouble-free as possible.
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How soon can I be in business once I have executed a development agreement and located a mutually accepted site? Once a solid location has been secured, designed and permitted, a BOBA SMOOTHIE unit can be built and open for business in approximately 10-12 weeks depending on the complicity of the store design and the granting of your local permits.
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Do you provide financing? BOBA SMOOTHIE does not provide direct financing. However, we will assist you in obtaining financing through a financial institution of your choice.
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How long will my franchise last? The term of the Franchise Agreement is for 10 years, with a 10-year renewal at your option.
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Can I sell my BOBA SMOOTHIE? Yes, your BOBA SMOOTHIE unit is an asset, which can be bought and sold. However, because we are interested in the long-term success of our Concept, we must have the right to approve any prospective buyer.
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I'm interested. What now? It’s simple, let’s get to know each other to see if we can make each other stronger…..and make money together. Life’s too short, and we ALL need to be in the right business relationships!! To get started, please complete our Information Request Form. You will be contacted by a representative of our Franchise Development Department, who will then send you a BoBa Smoothie Franchise Information Kit. Ultimately you’ll be embarking on a 15 step process to opening a BoBa Smoothie. This could be the best business move you’ve ever made.
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15 Steps to Opening a BoBa Smoothie
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