BUBBLE TEA SHOP BUSINESS PLAN GUIDE
This article focuses on bubble tea cafes, providing critical knowledge on how to write a sample plan. With investment opportunities increasing daily, little or no knowledge on writing a good business plan is possessed by entrepreneurs.
It is strongly believed that by following the procedure laid out here, the entrepreneur will have sufficient guidance in writing their unique business plan.
The planning phase of any business is critical to its proper launch and growth. You’re unlikely to achieve meaningful results without the right actions in place.
More often than not, people face many difficulties writing their plans. This is due to their lack of knowledge of the essential elements.
This boba shop business plan template gives you the needed guidance required. You only need to follow the format provided to overcome common difficulties you’ve faced in the past.
The process of writing a good plan doesn’t have to be complicated, as you’ll find out here.
The Essential Parts of a Plan
The essential parts of any plan are considered the building blocks with which the desired structure is built.
These touch on the most critical aspects of the plan and allow for a better breakdown of essential areas. These elements include the executive summary, as well as the business description.
Other equally essential sections include the products and services, market analysis, strategy & implementation, organization & management team, and the financial plan & projections.
With these sections stated, you’ll need to know what information to include for each of them.
You don’t have to worry, as we’ve discussed below.
Here is a sample business plan for starting a bubble tea shop.
- Executive Summary
- Products and Services
- Vision Statement
- Mission Statement
- Market Analysis/Trends
- Competitive Advantage
- Target Market
- Sales and Marketing Strategy
- Sales Projection
- Publicity and Advert Strategy
- Payment Channels
Set to storm the market beverage and tea markets with the highest quality products, Uncle B’s Bubble Tea Shop will be making available different flavors, each uniquely prepared to satisfy our highly esteemed clients.
With New Orleans as our location, we intend to spread our services to cover the entire state with our premium services in no distant future.
We will be committed to customer satisfaction with a dedicated and well-motivated workforce.
Vivid descriptions of who you are, how you operate, and your goals need to be provided here. How do you plan on making a profit? Provide information on the legal structure adopted for your boba shop. A summary of your short and long-term goals will also be necessary.
Give a brief history of your operations. Also, your audience will need to know the nature of the business and the needs and demands it intends to fill. A summary of business growth with financial or market highlights will also be necessary. Give an overview of your products and services and your customers and suppliers.
We at Uncle B’s are driven by a solid vision to be among the top 5 bubble tea destinations in New Orleans within our first three years of commencing business.
Services rendered will be only the best, and we will pamper our clients to make them always return for more of our premium services.
Our mission at Uncle B’s is to provide cost-effective services. We will strike a balance between profits and the best service to our clients.
Hence, while increasing our profit margin, we will also ensure that our products are unique and most preferred among clients.
Products and Services
Uncle B’s will be made available only the very best of products and services; hence, apart from making bubble tea available to our highly esteemed clients, we will be adding other bubble tea-related products to our list of products.
These include syrups, juice and jelly balls, blended teas, smoothie, and slush.
Services include training interested persons in the art of making our products and the sale of bubble tea equipment to our growing clientele.
Organization & Management Team
Your organizational structure is key to how effective your boba shop is run. You’ll need to provide an organizational chart that describes departments and critical employees here.
Also, you must provide information about the owner(s) with details such as names, percentage ownership, and extent of involvement.
Your management team profile will have to be included with names, positions, primary responsibilities, and prior experience.
After much research, we have discovered that the more diverse the flavor variants, the more likely there will be more clients patronizing such services.
Also, there has been a shift in preference for carbonated drinks, with more people becoming health conscious.
It is little wonder that carbonated drink companies have begun shifting ground into non-carbonated drink variants to cater to the health-conscious customer’s needs.
An advantage we have over our competitors is the heavy investment we will be making in researching more bubble tea flavors that will be acceptable to the consuming market.
A product research development will lead this.
Also, we will be motivating our workforce to encourage them to put in their best. Part of the ways we will make this happen is through attractive remuneration packages to spur them.
Our activities will be coordinated by an effective marketing department led by an experienced marketing strategist.
Our target market will be open to all. Still, we will be most interested in society’s most active segment, which includes the army, tourists, the corporate world, students (campuses), chief executives, and health care personnel, among other features of the most active population.
Also, we will be located within the busiest business districts, especially places with high foot traffic.
Sales and Marketing Strategy
Our marketing department will be headed by an experienced marketing strategist with years of experience in marketing. Our products will also be promoted through the use of carts, making these products available, especially in busy locations.
The sales and marketing strategies need to be highlighted here with details on costs, pricing, promotions, and distribution.
Explain how you plan on promoting your business to the market. How will your business function? Your labor sources and the number of employees need to be provided.
Financial Plan & Projections
Under the financial plan and projection section, an analysis of financial statements will have to be made with the help of a professional. Here, historical financial data, practical prospective financial information, and data analysis will need to be provided.
With data from research conducted, we will be benefitting from robust growth within this sector; profits accruable to the business will more than double with each financial year.
This is presented in the chart below. However, the predictions made discounts natural disasters and economic recession.
- First Year $220,000
- Second Year $509,000
- Third Year $1,100,000
Publicity and Advert Strategy
The publicity and advert strategies to be used are broad-based. They include the use of the internet, involving creating a business website displaying the products and services rendered. Also, we will place adverts on local radio and TV stations to reach the widest audience possible about our services.
We will be printing flyers and banners displaying our services, and also, we will mount billboards in strategic locations showing our services.
The payment channel to be deployed by Uncle B’s includes a wide range of payment solutions enabling clients to pay without going through a lot of stress.
Among the various payment, channels are POS machines, acceptance of credit cards, mobile banking, cash payments, and receipt of cheques, among other payment channels.
This sample bubble tea shop business plan provides a template to follow. However, the information supplied here is only imaginary and represents no genuine business concern.
The entrepreneur is expected to brainstorm what applies to his own business to produce a unique bubble tea shop business plan.