Tips for Starting Bubble Tea Shop/Cafe?
Hello!
So first things, I am located in the Vancouver area
My partner and I have about $100k in funding to start. We are now franchising but starting our own brand.
We have our business incorporated and found the spot, we are in the process in signing the final lease, is there anything we should know before giving the cheque and signing a few years of our life away?
We have both worked in business related and have experience, however, we have never opened a retail or cafe before. We already have quote from our contractor and wholesalers thats expecting it to be around 70k in renos, which leaves us the rest for supplies and employees. Do we have enough? We have done a business plan and so far everythings going according to plan. We are also quite young but that shouldn’t affect much. We have not worked in the bubble tea business but have close friends that have and that have worked in related businesses.
I was wondering if anyone here has started a cafe/bubble tea shop and had a few tips for us or any warnings? Anything helps. I also have a few questions for those that started a business rather than a franchise and took the risk.
Thank you very much.