Start-Up Costs and Fees |
||
| Coffee Perks | Boba Loca | |
| Investment | 116100 - 116100 | 88445 - 325955 |
| Franchise Fee | ||
| Royalty Fee | 6% | 4% or $495 /month whichever is higher |
| Advertising Fee | 1% or $175/month whichever is higher | |
| Year Founded | 1993 | 0 |
| Year Franchised | 2004 | 0 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Coffee Perks | Boba Loca | |
| 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 |
||
| Coffee Perks | Boba Loca | |
| Franchise Fees | Yes | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Coffee Perks | Boba Loca | |
| 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, Toll-free phone line, Grand opening, Internet, Security/safety procedures, 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 - 30 Absentee ownership of franchise is allowed. (3% of current franchisees are owner/operators) | |
Expansion Plans |
||
| Coffee Perks | Boba Loca | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | 0 | |
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Coffee Perks | |
| Boba Loca | |
| Franchise Fee | |
| Coffee Perks | |
| Boba Loca | |
| Royalty Fee | |
| Coffee Perks | 6% |
| Boba Loca | 4% or $495 /month whichever is higher |
| Advertising Fee | |
| Coffee Perks | |
| Boba Loca | 1% or $175/month whichever is higher |
| Year Founded | |
| Coffee Perks | 1993 |
| Boba Loca | 0 |
| Year Franchised | |
| Coffee Perks | 2004 |
| Boba Loca | 0 |
| Term Of Agreement | |
| Coffee Perks | 10 years |
| Boba Loca | 2 and 5 years |
| Renewal Fee | |
| Coffee Perks | $5K |
| Boba Loca | |
Business Experience Requirements |
|
| Experience | |
| Coffee Perks | Industry experience General business experience Marketing skills |
| Boba Loca | *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 |
|
| Franchise Fees | |
| Coffee Perks | Yes |
| Boba Loca | Yes |
| Start-up Costs | |
| Coffee Perks | |
| Boba Loca | |
| Equipment | |
| Coffee Perks} | |
| Boba Loca | |
| Inventory | |
| Coffee Perks | |
| Boba Loca | |
| Receivables | |
| Coffee Perks | |
| Boba Loca | |
| Payroll | |
| Coffee Perks | |
| Boba Loca | |
Training & Support |
|
| Training | |
| Coffee Perks | |
| Boba Loca | 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 | |
| Coffee Perks | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives |
| Boba Loca | 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 | |
| Coffee Perks | Co-op advertising, Ad slicks, National media, Regional advertising |
| Boba Loca | |
| Operations | |
| Coffee Perks | Number of employees needed to run franchised unit: 5 - 30 Absentee ownership of franchise is allowed. (3% of current franchisees are owner/operators) |
| Boba Loca | |
Expansion Plans |
|
| US Expansion | |
| Coffee Perks | |
| Boba Loca | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Coffee Perks | 0 |
| Boba Loca | |
| International Expansion | |
| Coffee Perks | |
| Boba Loca | |