Gong Cha
Bubble tea- 2023 Franchise 500 Rank
-
#268Ranked #406 last year
- Initial investment
-
$162K - $314K
- Units as of 2022
-
1,755 64.0% over 3 years
Company Overview
About Gong Cha
Industry | Food |
---|---|
Related Categories | Teas,Miscellaneous Quick-Service Restaurants |
Founded | 2006 |
Parent Company | Gong cha Global Ltd. |
Leadership | Paul Reynish, Global CEO |
Corporate Address | c/o TA Associates, 200 Clarendon St., #5600 Boston, MA 02116 |
Social | Facebook,LinkedIn,YouTube |
Business Overview
Franchising Since | 2009(14 years) |
---|---|
# of employees at HQ | 50 |
Where seeking | This company is offering new franchisees throughout the US. This company is offering new franchisees worldwide. |
# of Units | 1,755(as of 2022) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Gong Cha franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee |
$41,500 |
---|---|
Initial Investment |
$162,430 - $314,200 |
Net Worth Requirement |
$300,000 - $4,000,000 |
Cash Requirement |
$150,000 - $2,000,000 |
Royalty Fee |
5.5% |
Ad Royalty Fee |
to 2% |
Term of Agreement |
5-10 years |
Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | 111 hours |
---|---|
Classroom Training | 19 hours |
Ongoing Support |
Newsletter
Meetings & Conventions
Online Support
Field Operations
Site Selection
|
Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit? |
No |
Can this franchise be run part time? |
No |
Are exclusive territories available? |
Yes |
Interested in ownership opportunities like Gong Cha? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where Gong Cha landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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