Chatime

Chatime, a global Taiwanese franchise founded in 2005 and now with over 1,000 locations worldwide, has evolved from its literal translation of 'teatime' to become one of the largest bubble tea brands, offering gourmet coffees, teas, and related products, with a mission to revolutionize tea-drinking culture and be the most loved and accessible drink brand globally.

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Chatime Franchise Cost and Requirements for 2024

Background

Chatime is a food service establishment offering gourmet coffees and teas, other coffee and tea-based beverages, bubble tea, compatible food products, coffee and tea makers, and related supplies, accessories, and gifts. The word 'cha' means 'tea,' so technically 'chatime' could be loosely translated into 'teatime.' But today, with over 1,000 locations around the globe, Chatime means so much more than that! Chatime is a Taiwanese franchise founded in 2005 with over 1,000 retail outlets across countries like Taiwan, Malaysia, China, India, Macau, Vietnam, Singapore, Hong Kong, Thailand, Korea, Philippines, Indonesia, Australia, Dubai, Vietnam, Canada, UK, Mexico and the United States. Chatime has become one of the largest bubble tea brands in the world and is a publicly traded company showing a quadrupled stock value in 2019 from its mother company La Kaffa. As one of the top beverage companies in the world, Chatime aims to be the most loved and accessible drink brand in the world, revolutionizing the tea drinking culture in the US!

Company Details

Established: 2005
First Unit Franchised: 2023

Total Franchisees:  15
Total Locations Sold:  26
Total Locaitons Open:  13
Total Franchised Locations Open:  10
Total Corporate / Affiliated Locations Open:  3
Total States with Open Locations:  8
Total Global Locations Open:  1,510+

Effective States:  CA, IN, MI, RI, SD, VA, WI and ALL Bus. Opp., Filing & FTC States
Pending States:  HI, IL, MD, MN, NY, ND, WA
Deferral States:  None
Not Registering:  None

Support and Training Offered By Chatime

Financial Assistance Provided:  No, but happy to assist Franchisees in any possible way.
Site Selection Assistance:  Yes
Lease Negotiation Assistance:  Yes
Recruiting Assistance:  Yes
Cooperative Advertising:  Yes
Training:  Yes
Initial Training Program:
3 Weeks of On-the-Job Training & On-Site Opening Support. This training will cover the following:
Tea knowledge & expertise
Drink preparation & procedure
Store management
People management
Equipment operations & maintenance
Inventory management & ordering

2024 Franchise Requirements Needed to Own a Chatime Franchise.

What does a Chatime Franchise Cost?

Chatime franchise fees for 2024:

Total Investment: $280,600 - $493,900
Minimum Liquidity:  $150,000
Minimum Net Worth: $300,000

Franchise Fee: $54,900
Royalty: 5% of Gross Sales
Ad: 2% of Gross Sales

Average Number of Employees: 5
Visa Candidates: Yes
Passive Ownership: Yes
Home-Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes

Is Chatime a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. Chatime is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is Chatime a Home Based franchise?

No. Chatime is not a home based franchise opportunity.

What Do Chatime Franchise Owners Make?

This information is not available. Chatime does not offer an Item 19 in their Franchise Disclosure Document.

Is Chatime a Master Franchise Opportunity?

No. Chatime is not a master franchise opportunity.

Does Chatime Offer a Veteran Discount?

Yes. Chatime franchise does offer a veteran discount.

Does Chatime Work with E2 Visa and EB-5 Visa Candidates?

Yes. Chatime franchise does work with E2 Visa and EB-5 Visa candidates.

Is Chatime Looking for Franchisees in Canada?

No. Chatime franchise is not looking for Canada franchisees.

Is Chatime Looking for International franchisees?

No. Chatime franchise is not looking for International franchisees.

Where can I see Chatime's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Coffee, Food & Restaurants, Miscellaneous & Unique, Non Food Franchises

Number of Units Open

LESS THAN 20 UNITS

Cash Required

More than $250,000

Master Franchise

No

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

No

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

Yes

Chatime Franchises for Sale

Click Here to inquire about existing Chatime franchises for sale. We may have Chatime franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.