Start-Up Costs and Fees |
||
| Boba Loca | The Coffee Beanery | |
| Investment | 88445 - 325955 | 112500 - 496100 |
| Franchise Fee | ||
| Royalty Fee | 4% or $495 /month whichever is higher | 4% |
| Advertising Fee | 1% or $175/month whichever is higher | 2% |
| Year Founded | 0 | 1976 |
| Year Franchised | 0 | 1985 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Boba Loca | The Coffee Beanery | |
| Experience | *A strong desire to succeed by satisfying and delighting our customers. *The capability and capacity to create and manage an organization that effectively recruits, trains, retains and motivates people. *The psychographic traits which have been proven as a key to success for our proven franchisees. *The ability to manage finances. *Meet our market-specific financial and operational qualifications. *The strong desire to build incremental income through building and operating stores. | General business experience Retail experience |
Financing Options |
||
| Boba Loca | The Coffee Beanery | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Boba Loca | The Coffee Beanery | |
| Training | You will be required to successfully complete the Boba Loca appropriate training program prior to opening your store. You will be required to attend the company's business course approximately 40 hours over five (5) days. Training shall take place at a Boba Loca location designated by us and in your store location during the initial days of operation. | |
| Support | Our service includes store layout planning recommendation, cooking beverage training, grand opening promotions and limited time on-site support. We created a Confidential Business Operation Manual which contains our policies, specifications, procedures and instructions pertaining to the operation of Boba Loca system. | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | Co-op advertising, Ad slicks, National media | |
| Operations | International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 - 17 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Boba Loca | The Coffee Beanery | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Boba Loca | |
| The Coffee Beanery | |
| Franchise Fee | |
| Boba Loca | |
| The Coffee Beanery | |
| Royalty Fee | |
| Boba Loca | 4% or $495 /month whichever is higher |
| The Coffee Beanery | 4% |
| Advertising Fee | |
| Boba Loca | 1% or $175/month whichever is higher |
| The Coffee Beanery | 2% |
| Year Founded | |
| Boba Loca | 0 |
| The Coffee Beanery | 1976 |
| Year Franchised | |
| Boba Loca | 0 |
| The Coffee Beanery | 1985 |
| Term Of Agreement | |
| Boba Loca | 2 and 5 years |
| The Coffee Beanery | 10-20 years |
| Renewal Fee | |
| Boba Loca | |
| The Coffee Beanery | 25% of initial fee |
Business Experience Requirements |
|
| Experience | |
| Boba Loca | *A strong desire to succeed by satisfying and delighting our customers. *The capability and capacity to create and manage an organization that effectively recruits, trains, retains and motivates people. *The psychographic traits which have been proven as a key to success for our proven franchisees. *The ability to manage finances. *Meet our market-specific financial and operational qualifications. *The strong desire to build incremental income through building and operating stores. |
| The Coffee Beanery | General business experience Retail experience |
Financing Options |
|
| Franchise Fees | |
| Boba Loca | |
| The Coffee Beanery | |
| Start-up Costs | |
| Boba Loca | |
| The Coffee Beanery | |
| Equipment | |
| Boba Loca} | |
| The Coffee Beanery | |
| Inventory | |
| Boba Loca | |
| The Coffee Beanery | |
| Receivables | |
| Boba Loca | |
| The Coffee Beanery | |
| Payroll | |
| Boba Loca | |
| The Coffee Beanery | |
Training & Support |
|
| Training | |
| Boba Loca | You will be required to successfully complete the Boba Loca appropriate training program prior to opening your store. You will be required to attend the company's business course approximately 40 hours over five (5) days. Training shall take place at a Boba Loca location designated by us and in your store location during the initial days of operation. |
| The Coffee Beanery | |
| Support | |
| Boba Loca | Our service includes store layout planning recommendation, cooking beverage training, grand opening promotions and limited time on-site support. We created a Confidential Business Operation Manual which contains our policies, specifications, procedures and instructions pertaining to the operation of Boba Loca system. |
| The Coffee Beanery | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations |
| Marketing | |
| Boba Loca | |
| The Coffee Beanery | Co-op advertising, Ad slicks, National media |
| Operations | |
| Boba Loca | |
| The Coffee Beanery | International franchisees required to buy multiple units/master licenses; 30% of all franchisees own more than one unit Number of employees needed to run franchised unit: 14 - 17 Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Boba Loca | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| The Coffee Beanery | Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Vermont, Wisconsin, West Virginia, Wyoming, |
| Canada Expansion | |
| Boba Loca | |
| The Coffee Beanery | 0 |
| International Expansion | |
| Boba Loca | |
| The Coffee Beanery | |