The tea company is working to share its delicious Taiwanese inspired menu throughout the United States.
Teapioca Lounge, an authentic Taiwanese fast-casual franchise featuring over 40 different varieties of teas and other premium menu items, is seeking new franchise partners across the United States. The nationally-renowned brand is working to bring in franchisees throughout the country as it adds to its nearly 30 existing franchises.
“Teapioca is truly at the forefront of an exciting niche within the food and beverage industry. We’ve seen growth year after year and are eager to get our successful franchise model into more entrepreneurs’ hands,” stated Johnson Wu, Director of Franchise Development. “The momentum we’ve seen is staggering and boba tea is anticipated to continue this growth pattern, which we are very excited to see.”
Boba tea, also referred to as bubble tea, is indeed growing not just here in the U.S., but around the world. Last year the market was valued at around $2.75 billion, according to a report by Grandview Research. From there, the research firm cites an expected compound annual growth rate of 8.9% through 2030. All in all, the trending niche is projected to reach over $4.08 billion in value by 2030.
Teapioca Lounge has already begun to ride the surge of popularity for the delicious beverage. The company currently has 27 locations, with stores in Texas, Pennsylvania, Colorado, Oklahoma, and Florida.
One current franchise partner, Robert Pham who owns a Teapioca location in Kyle, Texas, is thrilled to offer the variety of Teapioca’s menu to his community and points out that the brand has something for everyone and all generations.
“[Teapioca Lounge has] healthy drinks like teas and juices for the health conscious to pick-me- ups like coffee and smoothies. Parents love to take their kids here because of the sweet drinks and the comfortable modern and upscale vibe,” Pham said in a testimonial about his ownership experience. “Teapioca Lounge will satisfy anyone who comes here. Their happy faces when they taste our drinks lets me know that I have chosen the right franchise.”
The company is more than just its placement in a thriving billion dollar industry — Teapioca Lounge has dialed in its support system to offer a streamlined training program and ongoing support to its franchise partners.
“The support and training that Teapioca Lounge has in place for me was very professional and family-oriented…there are training materials and checklists that make my store run smoothly. They guided me on the right path for me to succeed and if there were any questions I needed answered, even though it was midnight, I could get a reply within minutes,” said Pham. “I would have not gotten this type of support if I were to go with a different franchise…Teapioca Lounge is always trying to improve its support and upgrade its technology to be competitive with other businesses in this industry.”
Teapioca Lounge is now accepting franchise owner applications. To learn more about this growing boba tea franchise, visit www.teapiocaintl.com/opportunity.
Teapioca Lounge is an authentic Tawainese boba tea lounge, offering smoothies, tea, boba tea, desserts, snowyn, and coffee, all made from premium ingredients. To find out more information about Teapioca Lounge, visit www.teapiocalounge.com. To learn more about the boba tea franchise opportunity, visit www.teapiocaintl.com/opportunity.