Sharetea Eyes More U.S. Franchise Growth
Leading bubble tea brand Sharetea is looking to share the love for its beloved high-quality Taiwanese bubble tea in more U.S. markets.
The pioneering, international brand, with more than 135 U.S. locations in 22 states, aims to build on the popularity of its North American presence through smart, strategic franchise growth. For entrepreneurs looking to grab a slice of the burgeoning bubble tea market—estimated to soar to $4.3 billion by 2027—Sharetea represents a prime franchise opportunity.
“We expect to expand to 25 states in 2022,” says Angus Lai, the General Manager of Sharetea. “Our goal is to keep the store number and revenue stable, increasing 20% annually.”
Founded with a single store in Taiwan in 1992, Sharetea has been at the forefront of the bubble tea trend, also known as boba milk tea, that has become a phenomenon in the U.S. Now with more than 350 locations in 13 countries, the proven brand continues to set the industry bar as a global powerhouse steeped in authenticity.
Sharetea prides itself on using only the freshest ingredients shipped directly from Taiwan and served in a welcoming, fun atmosphere as your neighborhood tea shop. An expansive seasonal menu features something for everyone with fruit teas, nondairy milk teas, fresh milk teas, ice-blended teas, brewed teas, and the newest category—nonalcoholic mojitos, all with the option to add those chewy and sweet tapioca pearls or other toppings.
For franchisees, it adds up to a bubblicious, in-demand franchise proposition that includes:
- Flexible footprints allow for multiple paths to success, including streetside, mall, and food court sites.
- Simple operations. Stores are easy to open and easy to operate.
- Comprehensive guidance from contract signing through the Grand Opening and beyond.
Franchise owners can count on honest advice, extensive training, and ongoing support for a fast start in franchising that includes site selection assistance, marketing plans, and ongoing training backed by a corporate brand with 30 years of franchise experience.
“We match each franchise owner with a designated member of our operations team from the corporate headquarters,” says Angus Lai. “We believe the development of a smooth communication channel will help our entire Sharetea system grow. Our franchisees seek strong support, and that’s what Sharetea provides.”
And it shows. After dominating the West Coast as the No. 1 bubble tea brand in California, with more than 55 stores, Sharetea has hit the road to franchise growth expanding across the U.S. to the East Coast and in Canada. Franchise owners are thriving, smashing record-breaking opening sales in Texas and enjoying rave reviews and happy customers in cities in states like Arizona, Pennsylvania, and Virginia.
Primed for more growth, Sharetea seeks to partner with active franchise owners who want to grow their business in their local community and join a robust global network of franchisees.
“Over 60% of our existing franchisees have multiple Sharetea locations,” says Angus Lai.
Ready to join a proven and profitable brand and share the tasty joy of Sharetea near you? Discover your franchise opportunities at 1992sharetea.com/franchise.
Share this Feature
Comments:comments powered by Disqus
- Multi-Unit Franchising
- Get Started in Franchising
- Open New Units
- Featured Franchise Stories