ChatTime is the unique Bubble Tea Shop. ChatTime opened its first store in Taiwan in 2005 and continues to expand its store count to 1,000 in 80 cities around the world. ChatTime is available in United States, Canada, China, Japan, Philippines, Vietnam, Singapore, India, United Kingdom, United Arab Emirates, Malaysia, Indonesia, Australia, Pakistan and Myanmar. This business plan involves opening an equally similar but smaller store like ChatTime in the city of Guelph, Ontario. We will name our store “T-Cozy Bubble Tea Shop – Guelph”. The desired location is the nearby University of Guelph, which will attract many university students, particularly from Asia. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay The outline will be written in the first person, using “we,” “us,” or “our.” It could cost over $100,000 to open a high-end bubble tea business. Additionally, a successful bubble tea store requires high-quality ingredients, good equipment and training, and well-trained employees. So, we plan to open a store with a start-up cost of around $40,000 to $50,000. The source of funds for the startup will be split 1/4 between the 4 of us. Additionally, we plan to achieve positive cash flow by the 6th month. So we also develop a $15,000 financial plan to cover the cash flow gap until our cash flow becomes positive. We may need bank financing to ensure a positive operation in the first year. We are planning to open a 100 square foot store with stainless steel counters and sinks because a larger store will cost us more. Everything else will require customization later. Additionally, the required equipment includes a cooker, stirrers, plastic cups, utensils, etc. A smaller stove will use less gas and save more in the long run. We will need to create online business and social media tools, including claiming our business through a Google My Business, Open Table, or Instagram account to retain valuable customers. On the other hand, we will provide quality products/services, hire competent and friendly employees, or provide a reward system for long-term buyers. Our goal is to sell 100 to 300 cups/day. The bubble tea cup sealing machine will save money in the long run because it costs less than traditional lids and gives the cups an authentic look. Other equipment includes a blender, shaker cups, condensed or sweetened milk, fresh fruit, plastic cups of different sizes, fat straws, flavored powders, tapioca, tea, measuring spoons, gloves, etc. The ingredient will be mainly imported from Taiwan due to its high quality and taste. Additionally, Taiwan is SGS, HACCP and ISO certified. We also plan to visit Taiwan and research many bubble tea shops before selecting the bubble tea supplier. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Personalized Trial Partnering with an Influencer or Bubble Tea Specialty A food blogger can also increase our brand presence online, which helps us reach the right customers. Additionally, we plan to undertake adequate training, especially for our employees, to ensure customer satisfaction. Likewise, we will also have,