Chatime

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!
WHY Chatime?
High Revenue Potential
Unparalleled Support
Minimal Staffing
OUR IDEAL FRANCHISEE
Previous management level experience in retail and/or food and beverage
Experience with recruitment of team members, particularly at management level
Financial acumen
AVAILABLE MARKETS
US markets available: CA, IL, IN, MI, MN, ND, RI, SD, VA, WA, WI and ALL Business Opportunity, Filing & FTC States
Pending: MD, NY
Deferred: IL, WA
HOT Regions/Desirable: Entire US
NOT available: HI
Available in Canada: No
International Referrals: No
BACKGROUND
Year founded: 2005
Year Franchised: 2023
Total US Franchise Partners: 35
Total Locations Sold: 64
Total Locations Open: 18
Total Corporate / Affiliate Owned Open: 2
Total Franchisee Owned Open: 16
Total States with Open Locations: 11
Number of International franchises currently operating: 1,500+
Home Based: No
Absentee ownership available: Yes
Semi-Absentee ownership available: Yes
Accepting Master Franchisor and Area Developer Referrals: No
Average number of employees required: 5 - 10
E2 Visa Friendly: Yes
FINANCIAL DETAILS
Franchise Fee: Single: $54,900
Providing earnings guidance in Item 19 in FDD: Yes
Total investment range: $293,100 - $479,900
Net worth requirement: $500,000
Royalty: 5% of Gross Sales
Additional fees: National Advertising Fund: 2% of Gross Sales
Financial assistance available: No
VetFran program: Yes
Veterans/Minorities/First Responders Discount? Yes, $5,000 off Initial Franchise Fee
SUPPORT & TRAINING PROVIDED
Training and support program details:
Initial Training Program - 3 weeks of on-the-job training & on-site opening support covering the following key modules:
Tea knowledge & expertise
Drink preparation & procedure
Store management
People management
Equipment operatios & maintenance
Inventory management & ordering
6-8 Hours of Classroom Training
58-80 Hours of On-the-Job Training
Cost for Training: $0
Lodging and airfare included: No
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Mentor following training: Yes
Length of mentoring Franchisee: From Franchise Agreement signing to just past location opening.