It’s Boba Time Franchise FDD, Profits & Costs (2025)
Launched in 2003 by Eunice Pak in Los Angeles, It’s Boba Time has evolved from a single neighborhood shop on Vermont Avenue into a thriving beverage franchise with over 100 locations nationwide. With its headquarters still based in Los Angeles at 701 S. Vermont Ave., the brand has built a strong footprint in California and continues to expand into markets such as Arizona, Nevada, and Florida.
Franchising since 2011, It’s Boba Time presents a promising opportunity for entrepreneurs looking to join the fast-growing bubble tea sector. The franchise system is designed for scalability and long-term success, offering hands-on training and continuous support to ensure each location aligns with the brand’s high standards.
What makes the concept stand out is its massive selection of over 140 menu items. From milk teas and smoothies to mochi donuts, açaí bowls, and slushes, every order is made with fresh ingredients and crafted to the customer’s preference.
Initial Investment
How much does it cost to start a It’s Boba Time franchise? It costs on average between $466,000 – $597,000 to start a It’s Boba Time franchised restaurant.
This includes expenses for store build-out, kitchen equipment, technology systems, initial inventory, and startup operating costs. The total investment can vary based on several factors, such as the size and layout of the location, regional construction costs, and whether the franchisee opts to lease or buy the space.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee (assumes 1st Store) | $45,000 |
| Initial Training Expenses | $0 to $3,000 |
| Lease Deposit & 3 Months’ Rent | $17,500 to $30,000 |
| Build Out & Improvement | $283,500 to $348,500 |
| Exterior Signage | $3,600 to $8,200 |
| Decorating, Furniture & Furnishings | $4,000 to $15,000 |
| Kitchen Equipment | $55,400 to $63,400 |
| Technology Systems | $19,600 to $22,200 |
| Initial Supply of Inventory | $25,000 to $27,000 |
| Grand Opening Advertising | $0 to $5,000 |
| Utility Deposits, Licenses & Permits | $1,000 to $4,000 |
| Professional Fees | $0 to $3,500 |
| Insurance (3 months) | $1,000 to $2,000 |
| Additional Funds (3 months) | $10,000 to $20,000 |
| Total Estimated Initial Investment | $465,600 to $596,800 |
Average Revenue (AUV)
How much revenue can you make with a It’s Boba Time franchise? A It’s Boba Time franchises makes on average about $600,000 in revenue (AUV) per year.
It’s important to note that actual revenues for an It’s Boba Time franchise can vary based on factors such as location, store size, local demand, and operational efficiency. Prospective franchisees should conduct thorough market research and consult with existing franchise owners to gain a clearer understanding of potential earnings.
This compares to $587,000 yearly revenue for similar coffee & tea franchises.
Here are a few competitors:
| Franchise | Investment | Revenue |
|---|---|---|
| It’s Boba Time | ~$600,000 | Undisclosed |
| Krak Boba | $275,000 – $472,000 | $668,000 |
| Daboba | $218,000 – $503,000 | Undisclosed |
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Frequently Asked Questions
How many It’s Boba Time locations are there?
As of the latest data, It’s Boba Time operates 95 locations, with plans to open an additional nine stores in Arizona, Florida, and Nevada. The company has expanded significantly since its founding in 2003, primarily in California, particularly in the Greater Los Angeles area.
What is the total investment required to open a It’s Boba Time franchise?
The total investment required to open a It’s Boba Time franchise ranges from $466,000 to $597,000.
What are the ongoing fees for a It’s Boba Time franchise?
Operating an It’s Boba Time franchise requires ongoing fees, including a 5% royalty fee on gross sales for continued franchise support and a 2% Brand and System Development Fund fee to fund marketing and brand growth efforts. These fees help maintain the brand’s quality and market presence.
What are the financial requirements to become a It’s Boba Time franchisee?
To become an It’s Boba Time franchisee, you need a minimum of $400,000 in liquid assets. While specific net worth requirements aren’t publicly disclosed, having substantial financial resources is essential to cover initial investments and ongoing operational costs. Additionally, prior experience in small business operations is preferred to enhance the likelihood of success.
How much can a It’s Boba Time franchise owner expect to earn?
The average gross sales for a It’s Boba Time franchise are approximately $0.6 million per location. Assuming a 15% operating profit margin, $0.6 million yearly revenue can result in $90,000 EBITDA annually.
Disclaimer
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