ChatTime is the exclusive Bubble Tea Shop. ChatTime opened its first store in Taiwan in 2005 and continues to expand its stores to 1000 in 80 cities around the world. ChatTime is available in the 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 a similarly similar, but smaller sized store as ChatTime in the city of Guelph, Ontario. We will call our shop "T-Cozy Bubble Tea Shop - Guelph". The desired location is nearby Guelph University, which will attract many university students, especially Asian ones. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay The plan will be written in the first person, using “we,” “our,” or “us.” It could cost over $100,000 to open a high-end bubble tea business. Furthermore, a successful bubble tea shop requires high-quality ingredients, good equipment, training and well-trained employees. Therefore, we plan to open a store with a startup cost of around $40,000 - $50,000. The source of startup funds will be split 1/4 between the four of us. Furthermore, we expect to achieve positive cash flow by month 6. Then we also make a financial plan of $15,000 to cover the cash flow deficit until our cash flow becomes positive. We may need financing from the bank to ensure a successful operation in the first year. We plan to open a 100 square foot store with a stainless steel counter and sinks because a larger store will cost us more. Everything else will require customization later. Furthermore, the required equipment includes stove, stirrers, plastic cups, utensils etc. A small stove will use less gas and save more in the long run. We will have to create online businesses and social media tools include claiming our business through Google My Business, Open Table or Instagram accounts to retain valuable customers. On the other hand, we will provide quality products/services, hire competent and friendly employees, or offer a reward system for long-term buyers. Our goal is to sell 100-300 cups a day. The bubble tea cup sealer will save you money in the long run because it costs less than traditional lids and gives your cups an authentic look. Other equipment includes blender, stirrer cups, condensed or sweetened milk, fresh fruits, plastic cups of different sizes, grease straws, flavored powers, tapioca, tea, measuring cups, gloves, etc. The ingredient will be imported mainly from Taiwan due to it's high quality and taste. Furthermore, Taiwan has SGS, HACCP and ISO certification. We also plan to visit Taiwan and research many bubble tea shops before selecting the bubble tea supplier. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay Collaboration with Bubble Tea Influences or Specialties Food blogger can also increase our brand presence online, helping us reach the right customers. Furthermore, we plan to receive adequate training, especially for our employees, to ensure customer satisfaction. Likewise, we will need our store uniform for our staff as well. We are trying to get a license approved by Canada Food Safety and hope to open our store by November. This plan will be our only income and we will be 100% committed to succeeding in it,