It’s Boba Time was started in 2003 by Eunice Pak with 40 drinks on its menu. The chain has more than 50 California locations with more than 140 menu items. Their popular drinks include coconut strawberry, jasmine milk tea, and taro milk tea. The restaurant also serves acai bowls, shaved ice, and coffee. Most drinks can also personalized with natural fruit or ingredients.
According to their website, our team members work together to offer our guests prompt and excellent service. “Above all, we wanted to ensure that every sip and spoonful was delicious. We have become the most popular boba store in the Los Angeles area, attracting an average of 1,000 people daily at our most popular locations.”
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Background of Boba Time
It’s Boba Time is a family-owned business that offers smoothies, desserts, snacks, and beverages. Its goal is to deliver its customers the best customer service and delicious products. They offer cold juices, organic hot chocolate, teas, and a wide variety of vegan options like boba drinks made with fresh fruit or milk alternatives. They also serve some fantastic ice cream sandwiches! It all started when owners Jeffery and Joy discovered that they always craved something sweet after eating a salty meal like sushi. They began experimenting in the kitchen to satisfy that craving. The duo soon realizes that no one else offers what they have perfected a dessert that can be enjoy anytime.
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Who Made it’s Bobatime?
Its Boba Time was establish by Eunice Pak and has grown from a small store in Los Angeles to a franchise in more than 50 locations in California. Their philosophy is to offer customers the ingredients and quality they take home for their families. You can get standard Boba milk tea or smoothies made with natural fruit and fresh juices made with 100% extracted vegetables at one of their locations.
The Collection was immaculate and impressionable as we scouted locations for our next franchise. Our initial thought was that our straightforward design and branding would go well together, said Michelle Chon, Public Relations Manager for Boba Time headquarters. We pride ourselves on our modern image and are constantly updating to be bright and fun while also being family-friendly, which is a perfect fit for The Collection.
Menu of itsbobatime
The menu is unique compare to other Boba stores. They have a variety of flavors and numerous different categories, including shaved ice, acai bowls, fresh juices, smoothies, coffee, frappes, and more. True to its name, Boba is and always will be a free add-on and can be add to any menu.
With many flavors and colorful drinks, Its Boba Time offers more than a typical Boba shop. You can try somewhat new all the time since the variety of combinations is endless and always deserves a fun session.
Its Boba Time is a fun experience for the entire community, said Jill Almonia, marketing manager for The Collection at RiverPark. Their unique store design allows guests to enjoy the shops and attractions around The Collection with its sweet treats, making this adventure a fun outing for family and friends.
It’s Boba Time Franchise Cost Justify By Profits?
It’s Boba Time is a milk tea franchise operating primarily in Los Angeles and expanding to other areas of Southern California. To offer clients with the freshest and most innovative beverages. It’s Boba Time has found in 2003, beginning with a 40-drink menu. After 19 years, in 2022, Boba Time currently has more than 140 items on its menu.
It’s Boba Time typically offers a variety of beverages, from fresh fruit in smoothies and slushies to milk tea and coffee. It claims to be the most famous boba shop in the Los Angeles area and sees an average of 1,000 customers a day.
How is it’s Boba Time Positioned in the Food & Beverage Industry?
The food and beverage industry contributes significantly to the regional and US economies. It is a stable industry in terms of employment and labor income due to the constant demand for food. The food and beverage trade accounts for nearly 5% of gross domestic product (GDP), 10% of total US employment, and 10% of US consumers’ disposable personal income (DPI). It has total sales of $1.4 trillion, of which the food and beverage industry generate $164 billion of value added.
Food and beverage franchises are often the first things people associate with the franchise industry, and food and Beverage are undoubtedly one of the most popular areas of franchising. Although food franchises are often associate with fast food, the sector includes fast food, coffee, and pizza. Since the food and beverage industry is competitive in every aspect. The market for bubble tea and tea beverages is growing in the United States.
It’s Boba Time Franchise Cost
The total investment required to start working the It’s Boba Time franchise ranges from $294,524 to $442,300. It includes a franchise fee of $40,000 that must be paid to the franchisor. Boba Time also allows people to register as area developers, managing multiple Boba Time stores in a given area. Similarly, the first location will cost you $40,000 to develop, but each additional store will cost you $30,000.
Once operations begin, the franchisee will likely pay the company a royalty fee of 5% of gross sales and a marketing fee of 2% of disgusting juice and snack bar sales. Other ongoing costs include computer system maintenance costs of $500-$1,000 per year and renewal costs of $10,000.
How Much do it’s Boba Time Franchise Owners Make?
Boba Time is not responsible for the future financial performance of franchisees. The past financial performance of company-owned outlets or franchisees. However, if you buy an existing Boba Time, the company can provide you with an actual record of that Boba Time.
Through our analysis of the franchisor’s income statement. We can estimate the sales figures for the income statement line item “Franchise Income.” Ideally, the line would be Royalty Income, and franchise income may include franchise fees received. From the income statement breakdown, royalty income in 2020 was $1,676,545.
Is the Profit Worth the Franchise Cost?
To assign valuation multiples to the It’s Boba Time franchise, we used estimates from DealStats. A privately obtained database of corporate transactions sourced from US trade brokers and SEC filings. We look at the largest franchise industry and sales price multiples for larger systems where more transaction data is available. Due to a lack of information on the milk tea industry. We estimated using data from the coffee industry, which follows the same business model as the milk tea industry.
What is Boba Tea?
Boba tea is usually made over ice and contains chewy tapioca balls, also known as Boba. Tapioca balls are derive from cassava, a starchy tuber. “Boba was create in Taiwan in the 1980s and started making its way to the United States in the early 1990s,” explains Diana Ark Chen, founder of BUBLUV Bubble Tea. “Traditionally, the process begins with tea, milk, ice, syrup or sugar, and then boba is add to the base of the final drink.” Boba tea comes in a variety of fruity and sweet flavors.
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Boba Tea: Are there Health Benefits?
Boba tea, also identified as bubble tea, is a native Taiwanese drink that has recently become popular worldwide. This drink is made from tea (black, green, or white) and mix in a shaker with milk and tapioca pearls. These pearls, which look like bubbles when pop open with a straw, are known for their soft, chewy texture and sweet flavor.
Boba tea can come in various flavor mixtures. Various fruits, syrups, and other additions can also mixed into boba tea, including fruit jellies, puddings, ice, and fruit pieces. This drink is usually serve cold with a wide straw so you can drink the Boba with your tea.
How Many its Bobatime Franchise Units Have Opened and Closed?
The number of franchised stores has increased tremendously in the last three years. During the COVID-19 pandemic, 12 stores were open without casualties. One was not renovate, except for two stores reacquire by the franchisor in 2020.
The Collection welcomes its boba time near me
Get ready for Boba! It’s Boba Time now opens at The Collection on Seaglass Way, offering a Boba experience like no other. The simply one of its kind on the western edge of Ventura County. Its Boba Time offers more than 140 flavors and menu items, from milkshakes, frappes, and milkshakes to traditional Boba tea drinks.
Its Boba Time was found by Eunice Pak and has grown from a small store in Los Angeles to a franchise in more than 50 locations in California. His philosophy is to provide customers with ingredients and quality they take home for their families. At one of his locations, he can get standard Boba milk tea or smoothies made with natural fruit and fresh juices made with 100% extracted vegetables.
The Collection was immaculate and impressionable as we scouted locations for our next franchise. Our initial thought was that our straightforward design and branding would go well together, said Michelle Chon, Public Relations Manager for Boba Time headquarters. We pride ourselves on our modern image and constantly updating to be bright and fun while also being family-friendly, which is a perfect fit for the Collection.
About the Collection at RiverPark
Collection at RiverPark is a vibrant 750,000-square-foot outdoor retail market located in the heart of West Ventura County. Inspired by the loveliness of the California coastline, these stores reflect today’s best designer stores, fine dining, and world-class entertainment. Stores include H&M, Forever 21, White House Black Market, and Chico’s. Restaurants contain Yard House, Larsen’s Grill, Gen Korean BBQ, Lazy Dog Cafe & Bar, The Cheesecake Factory, and many more. To further improve the shopping experience for guests, The Annex Food Hall is conveniently placed within the Collection. A 16,000-square-foot public market-style space featuring quirky micro-stores, artisan boutiques, and artisanal food and drink. To keep up to date with the latest developments in The Collection, follow us on the web, Facebook, Twitter, and Instagram at TheCollectionRP.
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Frequent Asked Questions
Q) Can I Customize My Order When I Order Online From It’s Boba Time?
- A) It depends on the food. Some It’s Boba Time menu items have a particular set of customization options. If you have a food request that isn’t list, you can always note it in the “Special Instructions” field.
Q) Will my hot (or cold) food from It’s Boba Time be the right temperature when I get it?
A) Restaurants package items to maintain temperature, quality, and freshness and ensure delivery orders hold up during customer trips. We have plenty of drivers to get our food delivery orders out on time. So your food from It’s Boba Time always arrives fresh, delicious, and served at the correct temperature.
Q) Does it cost extra to get food delivery from the It’s Boba Time near me?
A) Some restaurant chains and locations set an order minimum for food delivery, and others don’t. The same applies to service fees—they vary from chain to chain. For more info about your food costs, check the It’s Boba Time menu near you.
Q) Does It’s Boba Time have contact-free delivery?
A) For your protection, It’s Boba Time offers contact-free delivery via Grubhub.
Conclusion
Its Boba Time represents the thriving milk tea industry, especially in California. Although geographically confined to California. Boba Time has expanded to other nearby states in the US to provide more opportunities for prospective franchisees. In addition to a meager failure rate, Boba Time provides a transparent record of how its franchisees perform compared to others. Not only does this help potential customers make the right decisions, but it also allows them to see your growth.
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