8tea1 Tea House is a local milk tea shop that was established on February 2019 by a young entrepreneur, Julia Nel G. Calamco at kidapawan City, North Cotabato. Prior to opening a business, she used to work in a government office and even though the opportunity was great, there wasn’t much more room for growth (so as a fresh graduate). She always craved for financial freedom and self-reliance. Knowing she have her family’s full support she decided to venture into business.
She saw more of an opportunity rather than the risk in business. At that time, there were only a few milktea stores in the city so she thought it’d be easier to venture the and capture the millennial market. To her surprise they become the most famous milk tea in town that attracted a lot of interest for franchising.
She named her business as 8tea1, she chooses 8 and 1 which were her two lucky numbers, infinity for 8 and 1 for being on top. 8tea1 logo contains the owner’s initial name “Jul”.
Currently, 8tea1 has two (2) company-owned branches located at Kidapawan City, and Municipality of Kabacan, North Cotabato.
Mission:
- To provide quality experience in making and serving their drinks.
- To maintain the quality of the product by following our standardize methods and supplies.
- To set a competitive rate without compromising the product quality.
Vision:
- The company’s vision is to provide affordable business opportunity, quality milk-tea and service as a franchising company from Mindanao lead by a woman.
- Our company delivers excellent products and services, and strives to build a tradition of a milk tea business that cares for their customers.
How to franchise 8tea1 Milktea:
Initial Fee: Php280,000.00
Inclusive of:
- Use of Trademark
- Site Approval
- Training for Franchisee and Staff
- Procurement Program
- Opening Assistance
- Operations Manual on Loan
- Research and Development
Initial Term: 4 years
Renewal Term: 4 years
Renewal Fee: 50%
Total Capital Requirement: Php950,000.00
Royalty Fee: 4%
Required Space: 40 square meter
Steps to own a 8tea1 Milktea Franchise
1. Fill-up the Confidential Questionnaire. Together with your Letter of Intent, send them to:
8TEA1
Ms. Julia Nel Catamco/Owner
Call: 09667662595
Email: [email protected]
2. We will review your application.
3. You will be invited to discuss the Franchise Details.
4. We will present you with the Franchise Disclosure Information.
5. Your proposed location will be visited and thoroughly checked.
6. The Franchise Agreement can now be executed.
7. Outlet set-up and Staff training will commence.
8. We will provide pre-opening assistance.
9. Congratulations on your Grand Opening!
Contact Details of 8tea1 Milktea:
Quirino Drive, Kidapawan City,
North Cotabato, Philippines
Contact Person: Ms. Julia Nel Catamco, Owner
Mobile: (0966)766-2595
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 8tea1 Milktea
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from 8tea1 Milktea, 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 8tea1 Milktea is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising 8tea1 Milktea 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.
8tea1 Milktea is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like 8tea1 Milktea 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 8tea1 Milktea, 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 8tea1 Milktea 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 8tea1 Milktea
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 8tea1 Milktea 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 8tea1 Milktea.
4 Check if 8tea1 Milktea 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 8tea1 Milktea franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful 8tea1 Milktea 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 8tea1 Milktea franchisee.