Chatime Claimed
Chatime Franchise For Sale
Chatime is a food service establishment offering gourmet coffees and teas, other coffee and tea-based beverages, bubble tea, compatible food products, coffee and tea makers, and related supplies, accessories, and gifts. The word ‘cha’ means ‘tea,’ so technically ‘chatime’ could be loosely translated into ‘teatime.’ But today, with over 1,000 locations around the globe, Chatime means so much more than that! Chatime is a Taiwanese franchise founded in 2005 with over 1,000 retail outlets across countries like Taiwan, Malaysia, China, India, Macau, Vietnam, Singapore, Hong Kong, Thailand, Korea, Philippines, Indonesia, Australia, Dubai, Vietnam, Canada, UK, Mexico and the United States. Chatime has become one of the largest bubble tea brands in the world and is a publicly traded company showing a quadrupled stock value in 2019 from its mother company La Kaffa. As one of the top beverage companies in the world, Chatime aims to be the most loved and accessible drink brand in the world, revolutionizing the tea drinking culture in the US!
Franchise Background
Total Franchisees: 12
Total Locations Sold: 37
Total Locaitons Open: 14
Total Franchised Locations Open: 11
Total Corporate / Affiliated Locations Open: 3
Total States with Open Locations: 9
Total Global Locations Open: 1,510+
Effective States: CA, IL, IN, MD, MI, MN, ND, NY, RI, SD, VA, WI and ALL Bus. Opp., Filing & FTC States
Pending States: HI, WA
Deferral States: MD, ND
Not Registering: None
Financial Terms
Minimum Net Worth: $300,000
Franchise Fee: $54,900
Royalty: 5% of Gross Sales
Ad: 2% of Gross Sales
Average Number of Employees: 5
Visa Candidates: Yes
Passive Ownership: Yes
Home-Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes
Support & Training
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Cooperative Advertising: Yes
Training: Yes
Initial Training Program:
3 Weeks of On-the-Job Training & On-Site Opening Support. This training will cover the following:
Tea knowledge & expertise
Drink preparation & procedure
Store management
People management
Equipment operations & maintenance
Inventory management & ordering
Ideal Candidate
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