Location and Facilities optional 1. Company Overview There are many variations and approaches on how to lay out the various components of a business plan. The primer below is meant only to explain the broad differences between the most common company types.
Okay, so we have considered all the requirements for starting a bubble tea shop. Why Start a Bubble Tea Shop? Bubble tea is a tea that is sweet and refreshing and that originated in the early s in Taiwan.
There are different names by which bubble tea is known and they are pearl milk tea, boba tea, and Zhen zhu nai cha. Bubble tea is so named because of bubbles that were produced during the shaking process when the tea is being made; also, another reason is its bottom cup which is shaped like a dome.
Going into the bubble tea business requires the entrepreneur to be innovative and creative when mixing blends or thinking up base for the tea. However, as this is not a popular business you will need the help of a business consultant to help you conduct a market research on the viability of this business.
It is from the findings of the consultant that will help you determine if the business is worth starting up or if it should remain just a business idea.
After getting positive feedback from your business consultant, you will need to write a business plan for your bubble tea business. A business plan is very important pieces of document that will help you critically know if the business is going to succeed or fail.
The business plan takes into account factors how you intend to market and sell your product, your financial analysis as well as what business structure you intend to have for your company. It is for this reason that a sample bubble tea business plan has been prepared below for you.
A Sample Bubble Tea Shop Business Plan Template Business Overview Even though Americans are regarded as a coffee society, bubble teas are fighting to ensure that they grab the attention of the American and make them switch to drinking bubble teas.
The tea which originated from Taiwan in the early s have seen people who are health conscious dump their other drinks for it. According to a data report collated by Foursquare, the bubble tea business has increased in popularity as more people were visiting bubble tea stores in to get or drink bubble teas or to buy the ingredients that would enable them make their own bubble teas at home.
However, even though more people are now switching over to bubble tea, it is yet to reach the scale of some giant coffee stores in the United States of America. There are also existing tea stores in the United States but they sell non-bubble tea and are yet still far behind the coffee stores, this fact makes it hard for bubble tea to grab a strong hold of the market, as the few bubble tea stores do not have a strong brand presence.
According to statistics, Americans are more of a coffee than tea people, drinking 8 fluid oz. This fact also places bubble tea on an uncertain level, as it would be hard to break the American coffee tradition.
However, this is not to say that all is doom and gloom for bubble tea, as most beverage drinkers point to the fact that bubble teas offer a refreshing variety as it can be a smoothie or a tea.
Also, the fact that there is no caffeine in bubble tea makes it a favorite for those who do not want caffeine in their beverages. In the United States of America, bubble tea stores are mainly located in the West Coast due to the large number of Asian and Asian-American communities. For instance, in most Asian restaurants in Los Angeles, bubble tea products are often on the beverage menus.
Bubble Tea Shop Business Plan — Executive Summary Due to the fact that bubble teas have started gaining wide acceptance in the United States of America, we are establishing our bubble tea business so as to offer our various customers quality tea as well the choice of having different flavors.
We have our customized truck in place to cater to all our customers in parks, and other public places. Our bubble tea business is located in a strategic location that is not saturated thereby offering us the opportunity of attracting more customers. Also, we are located in a place that is easy for customers and employees to conveniently have access to.
We have carefully considered our competition here in Mississippi and are rest assured that we would stand out from them due to our quality products and services with affordable pricing and also due to the fact that we have laid down publicity strategies that will be effective in making us stand out once implemented.
Due to the fact that we intend to serve our bubble tea in different varieties and also that we believe in having a professional package, we are therefore investing in specialized bubble tea making equipment such as shakers, sealers, and an electric induction heater.
We also have invested in quality small equipment such as stirrers, sugar dispensers, tea jubs and a Point of Sale POS Machine. Because we know how important it is to use only quality equipment in making bubble tea, we intend to source for our ingredients from Taiwan.
Our purchasing manager has carried out the necessary research on this and has identified quality suppliers and vendors that fit our budget. Our employees are the face of the business and so we not will only pick competent employees to help run the business but also be able to communicate the brand effectively to our customers.
Jackie owns a degree in Business Management, whilst Robin has experience in the beverage industry. Both will be bringing their experience and expertise to bear on the business. Our Products and Services Teelicious Bubble Tea is a tea establishment that deals in all flavors and types of bubble tea.
We will sell our bubble tea as a bottled beverage ready-to-drink product. Our bubble tea will be an unusual substitute to traditional tea whilst still providing all the best experience to our different customers.
Also, we do not intend to sell bubble tea alone as we intend to deal in various products that are associated with bubble teas as well as offer services that are in line with bubble tea and any other bubble tea related business that is permissible under the laws of the United States of America.
Therefore some of the products and services are; Different flavors fruit tea, milk tea and types blended, shaken, tea based, smoothie, slush, milk tea or juiced Tapioca pearls.Starting a non-profit can be an extremely rewarding entrepreneurial experience. A non-profit gives you the ability to give back to your community and really make a difference unlike any other industry.
But starting a charity or nonprofit organization is just like starting a for-profit business. Unite For Youth nonprofit youth services business plan executive summary. Unite for Youth is a nonprofit agency providing mentoring programs for middle and high school youth in the Greater Claremont area.
A Business Plan is not simply a description of your business. It includes market analysis, marketing strategies, financial goals, funding and liability information, and company structure details.
What this means is that you'll need to do a bit of work before writing to be able to create a comprehensive plan. That's why these sample business plans for nonprofit organizations and social enterprise businesses can help you get started on the right foot.
These, and hundreds more . Nonprofit organizations have a unique set of needs and requirements. That's why these sample business plans for nonprofit organizations and social enterprise businesses can .
Writing a Business Plan Georgia State SBDC 2 Why Write a Business Plan? A Business Plan helps you evaluate the feasibility of a new business idea in an objective, critical, and unemotional way.