Tapioca Express vs Boba Loca Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Tapioca Express vs Boba Loca including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
Investment |
$200,000 - $420,000 | $88,445 - $325,955 |
Franchise Fee |
$15,000 | N/A |
Royalty Fee |
$0.055/cup | 4% or $495 /month whichever is higher |
Advertising Fee |
- | 1% or $175/month whichever is higher |
Year Founded |
1999 | - |
Year Franchised |
2000 | - |
Term Of Agreement |
- | 2 and 5 years |
Term Of Agreement |
- | 2 and 5 years |
Renewal Fee |
$3K for 2 years | - |
Business Experience Requirements |
Experience |
Industry experience General business experience Marketing skills | *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. |
Financing Options |
|
In-House/3rd Party | In-House/3rd Party |
Franchise Fees |
No/No | -/- |
Start-up Costs |
No/No | -/- |
Equipment |
No/No | -/- |
Inventory |
No/No | -/- |
Receivables |
No/No | -/- |
Payroll |
No/No | -/- |
Training & Support |
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 |
Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives | 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. |
Marketing |
Co-op advertising, Ad slicks, National media, Regional advertising | - |
Operations |
Number of employees needed to run franchised unit: 5
100% of current franchisees are owner/operators | - |
Expansion Plans |
US Expansion |
- | Yes |
Canada Expansion |
No | - |
International Expansion |
Yes | - |
Company Overviews
About Tapioca Express
Wayne and Stephanie, passionate about their Taiwanese heritage, opened
the first Tapioca Express store in the San Gabriel Valley in 1999 �" one
of the very first boba chains in the United States. Since the beginning,
Tapioca Express has harvested the finest ingredients from Taiwan and
continually provides quality teas, boba, and snacks. However, we did not
foresee that boba’s popularity would manifest into its own culture and
become an everyday lifestyle. Today, Tapioca Express expands across
California and into other states, including Washington, Texas, and
Virginia. In our two decades of experience in brewing, we focus on
nurturing and enriching communities with the finest teas, coffee, and
boba.
Tapioca beverage is a various combination of black or green tea, milk, juice, coffee, and small marbles of tapioca (a.k.a. "black pearl" or "boba", made from Tapioca starch, water, corn starch and natural flavors.) It originated in Tai-Chung City (in Taiwan) around 1981, and soon spread across Asia. In the late 90s, it traveled to North America and has quickly become a raging trendy drink on both coasts. It is perceived as a relatively healthier beverage than soft drinks or coffee, and a lot more fun, too.Tapioca Express was the first in North America to offer a wide selection of high quality tapioca beverage adhering to a consistently high professional standard.
Since opening its first store in the city of Alhambra (located in the Greater Los Angeles, California),
Tapioca Express has become synonymous to quality and innovation.
About Boba Loca
Although there are many individually owned boba shops and chain stores, we know that none of them have
Boba Loca's competitive
advantage. Here are the reasons why Boba Loca is an ultimate partner for all your business needs.
*BOBA LOCA is devoted to offer the most flavorful, naturally great tasting, refreshing, and satisfying drink experience.
*BOBA LOCA team is committed to continuously provide world- class quality products and services by making sure that every BOBA LOCA experience is enjoyable. We refuse to sacrifice quality for convenience by using precooked Boba or Powder Tea.
*BOBA LOCA is dedicated to spreading and cultivating the BOBA LOCA culture and experience to the world.
*BOBA LOCA is more than a great drink concept. Providing an excellent, warm, and genuine customer care which is an integral part of who we are and what we do. We are willing to guide you in the process of successfully building and running your own Boba Loca store.