Depending on your location and products sold, you’ll probably have to have a business license and a health permit at the very least. Licensure, certification and liability insurance - $750 or more, est. Logo development, signage and marketing materials - Up to $10,000 or more - This might include everything from creating your logo to buying store signage and producing business cards, fliers and other sales and marketing literature. You’ll pay additionally for whatever ingredients or supplies are necessary for sale alongside bubble tea, if any. Ingredients - $2,000 or more for a starter supply - This includes tea, milk and fruit and flavor powders. Most of this equipment can be bought online at sites such as Boba Tea Direct. Do you want a kiosk or a pick-up or sit-down setting? Will you be serving other foods or beverages? All of this will impact your rent.Įquipment - $10,000 or more - The basics include gas or electric stove, blender, stirrers, shaker cups, sealer machine, refrigerator and ice maker. Rent tends to be pricey in such locations. That might be a college campus environment or a similar young and vibrant setting. Rent - $50,000 a year, or more - Remember, you’ll want to find a location where your audience hangs out. The low cost can involve adding used equipment to a section of an existing store that might sell pastries, cookies, smoothies, coffee, books, gifts and souvenirs, etc. It's very important to secure your domain name before someone else does.įind a Domain Now Submit Powered by What are the costs involved in opening a bubble tea business?ĭepending on your location, and the product mix involved, you could spend as little as $15,000 or as much as six figures on startup costs. When registering a business name, we recommend researching your business name by checking: If you operate a sole proprietorship, you might want to operate under a business name other than your own name. If you don’t already have a name in mind, visit our How to Name a Business guide or get help brainstorming a name with our Bubble Tea Business Name Generator What will you name your business?Ĭhoosing the right name is important and challenging. Luckily we have done a lot of this research for you. What are the startup and ongoing costs?.It will help you map out the specifics of your business and discover some unknowns. STEP 1: Plan your businessĪ clear plan is essential for success as an entrepreneur. Exploring your options? Check out other small business ideas. These steps will ensure that your new business is well planned out, registered properly and legally compliant. We have put together this simple guide to starting your bubble tea business. Create your Bubble Tea Business Website.Get the Necessary Permits & Licenses for your Bubble Tea Business.Set up Accounting for your Bubble Tea Business.Open a Business Bank Account & Credit Card.Register your Bubble Tea Business for Taxes.
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