Are you a regular pearl milk tea drinker? If you are, have you ever considered:
Just how close am I towards buying a pearl milk tea franchise like Chatime or Easy Way? (so that I could just give myself free pearl milk teas forever)
The answer: You are unlikely to even be close. In fact, you would need to save the equivalent of approximately 40,000 regular drinks. If you drank daily, you would need close to 110 years.
The conclusion: Just buy the drink for $5.
Cost of the franchise
The cost of a franchise from Easy Way ranges from AUD 200,000-300,000 whilst a Chatime franchise costs more than AUD 210,000. The actual price depends on the individual circumstances.
Compare this with the following franchises:
- Wendy’s: from AUD 185,000
- Boost Juice: AUD 240,000-320,000
- Donut King: AUD 230,000-400,000
- Michel’s Patisserie: AUD 272,000 – 401,000
- Brumby’s Bakery: AUD 350,000-450,000
While you can’t just compare on dollar terms alone, it’s a good guide to show the initial capital you need if you are considering buying a franchise. Figures from Inside Franchising.