Lollicup serves a range of beverages, including bubble tea (boba), iced teas, smoothies, and more. The franchise specializes in offering a wide selection of drinks and snacks, creating a fun and vibrant environment for customers to enjoy unique beverages and treats.
Key Insights
- Lollicup began as a manufacturer of plastic cups and lids, expanding over time to encompass beverage distribution, restaurant operations, and the creation of proprietary beverage brands and equipment.
- The franchise operates a diversified business model including beverage manufacturing, a retail tea café chain, and wholesale distribution of food service products, offering a comprehensive approach to the beverage and foodservice industry.
- Lollicup thrives within the beverage and foodservice sector, a market characterized by consistent consumer demand for refreshing drinks and convenient food options, presenting ongoing opportunities for growth.
Franchise Fee and Costs to Open
Exploring the financial picture of Lollicup gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $122,050 - $383,250, along with a franchise fee of $15,000 - $15,000.
Financial Performance and Revenue
Training and Resources
Lollicup provides comprehensive training for new franchisees. This initial training spans two weeks and is conducted at Lollicup's corporate headquarters in California. The program covers operational procedures, product knowledge, and customer service best practices. Lollicup also offers ongoing support and resources to help franchisees establish and grow their businesses.
Legal Considerations
Legal considerations for a Lollicup franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
Franchisees may encounter considerations like differentiating their location within a vibrant local market, managing the intricate daily operations of a diverse menu, and navigating the consistency of specialized ingredient supply chains to maintain brand standards and customer satisfaction.
Franchise Datasheet
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