DRIPTEA Milk Tea

DRIPTEA started a couple of months this year 2019. Located at Sinagtala Presidential Road, Batasan Hills, Quezon City. Its actually an incredibly tasty drink offered a wide variety of flavors to entice adventurous clientele. DRIPTEA’s best seller in the premium variety is the Oreo Cheesecake while in a classic variety is the Cheesecake Milk Tea. This will be served in a low dose, high dose, and in an overdose DRIPTEA cups at an affordable price and yet flavorsome.

After providing their valued customers with a high-quality taste and one of a kind delicious milk tea in town, DRIPTEA started to multiply and have branches in the provinces. Luckily, DRIPTEA is now open for franchise.

To mark every customer’s mind, Mr. Lesther I. Gomez the owner, imparts the best line of his business, DRIPTEA “Your Daily Dose of Milktea.”

Mission:
To create a wide variety of tasty and refreshing milk tea drinks at high quality products for a healthier lifestyle at a reasonable price.

Vision:
To provide and maintain the best milk tea made from a finest ingredient to cater society’s needs at their favorite flavor. Thus, to inspire and connect people around the globe.

How to franchise DRIPTEA:

INITIAL FEE

Store – Php250,000.00
Kiosk – Php250,000.00
Area – Php375,000.00 (rights to 3 Outlets)

Inclusions:

• Use of Trademark
• Site Approval
• Training for Franchisee and Staff
• Procurement Program
• Opening Assistance
• Operations Manual on Loan
• Research and Development

INITIAL TERM

• Store – 4 years
• Kiosk – 4 years
• Area – 6 years

RENEWAL TERM

• Store – 4 years
• Kiosk – 4 years
• Area – 6 years

RENEWAL FEE: 50%

CAPITAL REQUIREMENT

• Store – Php800,000.00
• Kiosk – Php600,000.00

CONTINUATION FEE

• Store – Php4,000.00
• Kiosk – Php4,000.00
• Area – Php3,000.00 per month and per outlet

REQUIRED SPACE: 12 square meters

Steps to own a DRIPTEA Franchise

1. Fill out the Confidential Questionnaire. Together with your Letter of Intent, send them to:

DRIPTEA
Mr. Thor Gomez
[email protected]

2. We will review your application.
3. You will be invited to discuss franchise details.
4. Your proposed location will be visited and thoroughly checked.
5. The Franchise Agreement can now be executed.
6. Outlet set-up and staff training will commence.
7. We will provide pre-opening and marketing assistance.
8. Congratulations on your Grand Opening!

Contact Details of DRIPTEA:

68 Airforce Road, Veterans Village,
Brgy. Holy Spirit, Quezon City, Philippines
Mobile No.: (0908)799-8786
Email: [email protected]
Facebook Page (This link will open on a new window)

or

RK FRANCHISE CONSULTANCY, INC.
G/F Minnesota Mansion, 267 Ermin Garcia St.,
Cubao, Quezon City, Philippines
Tel Nos.: (02) 8912-2946 / 8912-2973
Mobile Nos.: (Globe) 0917.874.3620 / (Sun) 0933.864.2552
Email: [email protected]

Basics of Franchising DRIPTEA Milk Tea

Franchising benefits

Franchisees gain access to a proven business model, established brand reputation, and ongoing support from DRIPTEA Milk Tea, reducing the risks associated with starting a new business. They benefit from collective advertising and marketing efforts conducted by the franchisor, which can result in increased customer traffic and sales. Franchisees also have the opportunity to tap into the training and operational resources provided by the franchisor, enhancing their chances of success and profitability. Below are just a few pointers why franchising DRIPTEA Milk Tea is beneficial for the inverstors:

High success rate due to its business model rather than starting from scratch.

Franchising DRIPTEA Milk Tea offers the advantage of tapping into an established reputation and customer base, which can significantly reduce the time and effort required to build brand recognition. Additionally, franchisors typically provide comprehensive training, ongoing support, and proven business models, mitigating many of the risks associated with starting a new venture.

Franchisees benefit from economies of scale in purchasing, marketing, and operational support, which can lead to cost efficiencies and improved profitability.

Overall, franchising offers a structured pathway to entrepreneurship with a higher likelihood of success compared to launching a new brand independently.

DRIPTEA Milk Tea is a recognized brand or trademark that can bring you success.

Success is achievable for franchising recognized brands like DRIPTEA Milk Tea due to their established reputation, which can attract customers more readily and build trust faster than starting a new brand. Franchisees benefit from proven business models, operational support, and marketing strategies provided by DRIPTEA Milk Tea, reducing the risks associated with independent entrepreneurship.

Additionally, being part of a well-known brand network offers access to economies of scale, collective marketing efforts, and a support system among fellow franchisees, enhancing the likelihood of success.

Availing financing from various sectors is highly likely due to a good brand reputation.

Financing is often more readily available when franchising a reputable brand due to several factors. Banks and lenders are typically more willing to provide loans to franchisees of established brands because they have a proven track record of success and lower risk compared to new, unproven businesses.

Additionally, franchisors may have relationships with financial institutions or offer financing options themselves, making it easier for franchisees to secure funding. The recognizable brand name and business model of DRIPTEA Milk Tea also provide a level of security for lenders, increasing the likelihood of loan approval and favorable terms for franchisees.

Formula for success that a franchisor may provide.

Low-cost supplies and efficient supply chain management contribute to higher profit margins for franchisees by reducing the cost of goods sold. Effective marketing increases brand visibility and customer traffic, leading to increased sales and revenue. A prime location maximizes foot traffic and accessibility, further enhancing the franchisee's revenue potential and profitability.

5 things to consider when franchising DRIPTEA Milk Tea

1 Make sure that you really want to own this franchise and this will best fit your venture among other offered business opportunities.

2 Be certain that you can work harmoniously with DRIPTEA Milk Tea franchise and it is within your interest. A visit to one of the franchise store will help you be more aware of operation and proceedings.

3 Carefully study the Terms and Condition, Franchise Agreement, and what are included in franchising DRIPTEA Milk Tea.

4 Check if DRIPTEA Milk Tea franchise will be compatible with the rules and regulation, as well as existing laws on chosen location.

5 Best location is one key aspect to have a successful DRIPTEA Milk Tea franchise. Study the environment and see if your business suits the surroundings.

Successful frachising 101

Becoming a successful DRIPTEA Milk Tea franchisee requires a combination of strategic planning, dedication, and hard work. Here are some steps you can take to increase your chances of success:

Research

Start by researching various franchise opportunities to find one that aligns with your interests, skills, and financial resources. Look for franchises with a proven track record of success, strong brand recognition, and a supportive franchisor.

Understand the Franchise Agreement

Carefully review the franchise agreement, including all terms, fees, and obligations. Make sure you fully understand the expectations and requirements of being a franchisee.

Financial Planning

Evaluate your financial situation and determine how much capital you have available for investment. Consider not only the initial franchise fee but also ongoing expenses such as royalties, marketing fees, and operational costs.

Training and Support

Choose a franchise that offers comprehensive training and ongoing support to franchisees. Take advantage of all training programs provided by the franchisor to learn the ins and outs of the business.

Location Selection

If the franchise involves a physical location, carefully choose the location for your business. Consider factors such as foot traffic, demographics, competition, and lease terms.

Follow the System

One of the benefits of franchising is that you're buying into a proven business model. Follow the franchisor's system and guidelines closely to increase your chances of success.

Provide Excellent Customer Service

Focus on providing excellent customer service to build a loyal customer base. Happy customers are more likely to return and recommend your business to others.

Marketing and Promotion

Take advantage of the marketing support provided by the franchisor, but also be proactive in promoting your business locally. Utilize social media, local advertising, and community events to attract customers.

Manage Finances Wisely

Keep track of your finances closely and manage expenses efficiently. Monitor your cash flow, budget carefully, and seek professional advice if needed.

Adapt and Innovate

Be willing to adapt to changing market conditions and customer preferences. Look for opportunities to innovate and differentiate your business from competitors.

Network with Other Franchisees

Connect with other franchisees within the same system or industry to share insights, experiences, and best practices. Networking with fellow franchisees can provide valuable support and advice.

Stay Committed

Building a successful franchise takes time and effort. Stay committed to your business, remain focused on your goals, and be prepared to overcome challenges along the way.

By following these methods and staying dedicated to your business, you can increase your chances of becoming a successful DRIPTEA Milk Tea franchisee.