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0:00 - 1:01 Intro
1:02 - 2:52 Why is bubble tea so popular
2:53 - 7:22 Economics of a bubble tea franchise
7:23 China
Views : 95,105
Genre: Film & Animation
Date of upload: Apr 27, 2024 ^^
Rating : 4.857 (80/2,161 LTDR)
RYD date created : 2024-05-15T00:08:05.840021Z
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YouTube Comments - 251 Comments
Top Comments of this video!! :3
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.
53 |
When Jack in the Box entered the bubble tea market, I was surprised and wondered if McDonald's would follow suit.
82 |
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
73 |
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.
208 |
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.
34 |
Cassava is an amazing plant! Very popular in West Africa! Hoping West African countries raise their price of cassava sold to benefit from this!!
11 |
Sounds like the bubble tea industry is in a bubble.
73 |
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
29 |
These were my jam in 2005. I can't drink them anymore because they are high in calories and low in satisfaction.
31 |
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.
16 |
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).
6 |
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')
13 |
Running a brick and mortar shop and only net profiting $45,000 a year is absolutely horrendous.
15 |
No sponsor this time. Someone probably got shit-canned over shilling that gambling site in the last video.
102 |
Nayuki and other retail chains like Heytea in China are not really just bubble tea stores. they sell baked goods, ice cream... etc.
10 |
Great content. The phenomena of bubble tea is worth analyzing. This will be the foundation for identifying the next fad to buy into.
13 |
In San Francisco, they go for $8
7 |
I promise you the cost of goods in a bubble tea shop are not running 33%. The most expensive part are the pearls, which they charge extra for so those costs are covered. Essentially you are paying for the cup, tea, milk and flavoring. The most expensive part would be the plastic cups and straws, maybe 50 cents. The rest would be around 15 - 25 cents each. I dont see a cup of bubble tea costing more than a 1$ to make.
37 |
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
24 |
@ThePhiphler
2 weeks ago
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".
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