Is Running A Bubble Tea Business Lucrative?

[Sammyboy RSS Feed]

An honorable member of the Coffee Shop Has Just Posted the Following:

To be profitable however, Joseph Oh, co-founder of homegrown bubble tea chain Bober Tea, said that it “depends highly on rental and labour costs.”

Goh Chee Cheng of another homegrown bubble tea chain Yuan Cha, echoes his sentiments, agreeing that rental and labour cost take up a very significant part of the business cost.


Seedly estimates that rental fee costs S$3,500 to S$14,500 per month (depending on size and location), while labour costs range between S$5,000 and $8,000 (depending on...

Is Running A Bubble Tea Business Lucrative?


Click here to view the whole thread at www.sammyboy.com.

[BornJovial]

Originally Posted by Sammyboy RSS Feed

An honorable member of the Coffee Shop Has Just Posted the Following:

To be profitable however, Joseph Oh, co-founder of homegrown bubble tea chain Bober Tea, said that it “depends highly on rental and labour costs.”

Goh Chee Cheng of another homegrown bubble tea chain Yuan Cha, echoes his sentiments, agreeing that rental and labour cost take up a very significant part of the business cost.


Seedly estimates that rental fee costs S$3,500 to S$14,500 per month (depending on size and location), while labour costs range between S$5,000 and $8,000 (depending on...

Is Running A Bubble Tea Business Lucrative?


Click here to view the whole thread at www.sammyboy.com.

Of course...... my cousin got retrenched in Taiwan couple of years ago and return to SG.
While looking for another career, he chanced upon a bubble tea stall in a neighbourhood mall whose owner was looking to sell off the business. My cousin observed and saw that the owner was running the bubble tea stall all wrong. My cousin was familiar with the bubble tea business as he has friends running them while he was in Taiwan. He bought over the stall and reorganised it. He recouped his investment within 3 months and has been profitable every month since.... and has opened another 2 branches too.

[Dirk Kuyt]

Bubble tea is a good profitable business if properly managed.

A friend borrowed 50K from me few years ago as his son wanted to start a bubble tea shop with some friends. He had just graduated from NTU but did not want a 9-5 office job even though he did his internship with one of the Big5 banks and wanted to try his hands at doing some business. I loaned my friend the cash and was pleasantly surprised when he returned me the loan 5 months later. His son's bubble tea business was so profitable beyond expectations. Last year I met their family and the son was still doing good in the bubble tea business.... driving a $200K continental car and bought his own condo.

[countryman]

Originally Posted by Dirk Kuyt

Bubble tea is a good profitable business if properly managed.

A friend borrowed 50K from me few years ago as his son wanted to start a bubble tea shop with some friends. He had just graduated from NTU but did not want a 9-5 office job even though he did his internship with one of the Big5 banks and wanted to try his hands at doing some business. I loaned my friend the cash and was pleasantly surprised when he returned me the loan 5 months later. His son's bubble tea business was so profitable beyond expectations. Last year I met their family and the son was still doing good in the bubble tea business.... driving a $200K continental car and bought his own condo.

Haih..Typical Sinkie, can't wait to show off!
What did they do to repay u the gratitude?

[F35JSF]

I am going to retire soon.

Maybe I should give selling bubble tea a try after retirement.

[Azitho]

Originally Posted by countryman

Haih..Typical Sinkie, can't wait to show off!
What did they do to repay u the gratitude?

It's his own hard earned money. I don't know why would anyone begrudge him spending it as he wishes. At least he's not splurging it away on wine, women & song or at the casinos.

We should be happy that a potential entreprenuer is born amongst us and not be jealous of his success.

[Goodpack]

Originally Posted by Azitho

It's his own hard earned money. I don't know why would anyone begrudge him spending it as he wishes. At least he's not splurging it away on wine, women & song or at the casinos.

We should be happy that a potential entreprenuer is born amongst us and not be jealous of his success.

👍👍👍👍👍👍
Well said.

[Dirk Kuyt]

Originally Posted by countryman

Haih..Typical Sinkie, can't wait to show off!
What did they do to repay u the gratitude?

Why must we expect gratitide or benefits whenever we help a friend out? I never had any such inclinations..... in fact I was prepared to write off the loan when I gave it to him as I understood there is always a risk of his son not making it. I know from my own experiences dabbling in several businesses that not every business can succeed.
Since I have some spare cash in hand I dun mind to help someone whom I regard as a FRIEND..... without any strings attached.