Boba Loca vs Cocoa Grinder Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Boba Loca vs Cocoa Grinder including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Boba Loca Franchise
Cocoa Grinder Franchise
Investment $88,445 - $325,955$178,730 - $265,100
Franchise Fee N/A$20,000
Royalty Fee 4% or $495 /month whichever is higher6%
Advertising Fee 1% or $175/month whichever is higher-
Year Founded -2013
Year Franchised -2017
Term Of Agreement 2 and 5 years-
Term Of Agreement 2 and 5 years-
Renewal Fee --


Business Experience Requirements
 
Boba Loca Franchise
Cocoa Grinder Franchise
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.

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Financing Options
 
Boba Loca Franchise
Cocoa Grinder Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Boba Loca Franchise
Cocoa Grinder Franchise
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.

On-The-Job Training: 2 weeks+
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.

Meetings/Conventions Grand Opening Online Support Field Operations
Marketing -Regional Advertising
Operations -Absentee Ownership Allowed

Expansion Plans
 
Boba Loca Franchise
Cocoa Grinder Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

Company Overviews

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.

About Cocoa Grinder

Started by Abdul Elenani in his college years during 2013, Cocoa Grinder is more than a coffee shop. It’s an idea that for the hardworking individual of today, convenience is everything: why shouldn’t you have your specialty cup o’joe and healthy meal in the same place? Perfect for the person on the go, or the busy individual seeking to get some work done, Cocoa Grinder offers the perfect environment to enhance your daily grind or take a well-deserving break from it.

Types of Franchise

Type A
Model Type A is our most common store type. It is incorporated within an existing building. The average square footage is 1300 SF. This allows for a full kitchen which serves hot food and the various beverages. This store type is also equipped with a handicap accessible bathroom and storage area.
Type B
Model Type B is a stand alone building that averages 3500 square feet. The property also includes a parking lot for it’s customers. This store type is equipped with more bathrooms than the original to accommodate for a larger number of customers. It has the option of also including a drive-through for customers on-the-go.
Type C
Model Type C is ideal for placement within malls, airports, train stations, and places of the sort. It is a compressed version but still serves the same amazing food and beverages. The size of this store can be averaged at around 400 square feet.
Type D
Model Type D is very similar to model type C. The difference between the 2 is that model type D can be placed in the center of a mall rather than being an enclosed location. It still serves the same amazing food and beverages but also allows room for customers to sit on the perimeter of the booth. With this model type, customers can get the full 360 degree view and experience of Cocoa Grinder.
Veteran Incentives  Franchise fee waived, royalty fee reduced to 3% (only in NY, NJ, PA)