Teaspoon
$100,000
$45,000
20
2016
Hayward,CA
Amy Lai
Overview
Born in Los Altos, CA, Teaspoon has served 5 million drinks and counting. At Teaspoon, every drink is handcrafted with love. Since 2015, we’ve steadily developed the pillars that uplift Teaspoon to what it is today—being a modern, premium, inclusive, and accessible brand.
We believe in the happiness a cup of your favorite tea can give, so whether you’ve had a long day or just want to enjoy a refreshing drink, you can count on us to bring you some joy, one Teaspoon at a time! Our specialty lies in our hand-shaken fresh tea made to order, our house-made fruit marmalades, and consistently fresh boba. Our Teaspoon staff follows detailed standard operating procedures (SOP’s) and branding guidelines to ensure the satisfaction of the customer experience.
We are a new kind of tea and boba shop serving up unique, handcrafted beverages and macarons and we want you to join us! The global bubble tea market size was USD 2.1 billion in 2019 and is expected to register a compounded annual growth rate (CAGR) of 8.9% from 2020 to 2027. Become a partner today and share in our vision as we grow nationwide.
Franchise Unit Trends and Revenue
20
6
$775,005
* in 2021
Franchise Fees
$45,000
5.0%
Gross Revenue
0.0% - 2.0%
Gross Revenue
Why Choose Teaspoon?
Teaspoon’s tremendous growth is a testament to the strength of our franchise program. Teaspoon has proven it has the integrity, longevity, and dedicated customer base to thrive in the tea industry. The corporate team has a shared vision – bringing customers around the world the best tea they’ve ever tasted. We have made it our mission to accomplish that goal by providing superior support for our franchisees. Through interdepartmental communication and cooperation, our team applies their skills, experience, ingenuity, and expertise to making that vision a reality.
Starting Costs and Investment Requirements
$232,500 - $295,000
$300,000
$100,000
Training and Support
Our simple-to-operate business model means we are with you every step of the way, supporting you in the following ways:
Operational Support:
New to the business world? No fear! We provide ongoing training in areas such as unit operations, maintenance, customer service techniques, product ordering, staff scheduling, pricing guidelines, and other administrative procedures.
Marketing Support:
Spread the word about your new location: we coordinate development of advertising materials and strategies, new product campaigns and materials. All you have to worry about is welcoming your customers and making their Teaspoon experience special!
Development Support:
Your growth matters to us. Our team continuously tries out new research methods and techniques that will help your business grow.
Ideal Candidate
STRONG CHARACTER AND A LOVE FOR BOBA
We are looking for business-savvy individuals with a strong work ethic and integrity – a passion for boba itself is a must!
INVESTMENT AND DEDICATION
A new Teaspoon is an investment in your future and your community – the initial fee for a franchise is $45,000, with a minimum estimated cost of $290,000 total.
WILLINGNESS TO COLLABORATE
From operations to marketing to R&D, we work with you to deliver the best-handcrafted tea possible.
