It's Boba Time

It's Boba Time Franchise FDD, Costs & Fees (2025)

It's Boba Time is a beverage franchise specializing in bubble tea and other specialty drinks. With a diverse menu and a focus on high-quality ingredients, it caters to a wide customer base seeking unique and flavorful beverages.

It’s Boba Time is a dynamic beverage franchise specializing in boba teas, smoothies, coffees, and a variety of snacks. Founded in 2003 by Eunice Pak in Los Angeles, California, the brand began with a single store on Vermont Avenue.

Over the years, it has expanded significantly, now boasting over 100 locations across the United States, with a strong presence in California and planned growth in states like Arizona, Florida, and Nevada.

Headquartered at 701 S. Vermont Ave., Los Angeles, CA 90005, It’s Boba Time began franchising in 2011. The company offers franchise opportunities to entrepreneurs eager to enter the booming bubble tea industry.

What sets It’s Boba Time apart is its extensive, customizable menu featuring over 140 items. Offerings include milk teas, slushes, acai bowls, mochi donuts, and more. The brand focuses on using fresh ingredients and crafting beverages to order, appealing to a wide customer base with both traditional and innovative flavor options.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee (assumes 1st Store) $45,000
Initial Training Expenses $0 to $3,000
Lease Deposit & 3 Months’ Rent $17,500 to $30,000
Build Out & Improvement $283,500 to $348,500
Exterior Signage $3,600 to $8,200
Decorating, Furniture & Furnishings $4,000 to $15,000
Kitchen Equipment $55,400 to $63,400
Technology Systems $19,600 to $22,200
Initial Supply of Inventory $25,000 to $27,000
Grand Opening Advertising $0 to $5,000
Utility Deposits, Licenses & Permits $1,000 to $4,000
Professional Fees $0 to $3,500
Insurance (3 months) $1,000 to $2,000
Additional Funds (3 months) $10,000 to $20,000
Total Estimated Initial Investment $465,600 to $596,800
Type of Expenditure Amount
Initial Franchise Fee (assumes 1st Store) $45,000
Initial Training Expenses $0 to $3,000
Lease Deposit & 3 Months’ Rent $17,500 to $30,000
Build Out & Improvement $283,500 to $348,500
Exterior Signage $3,600 to $8,200
Decorating, Furniture & Furnishings $4,000 to $15,000
Kitchen Equipment $55,400 to $63,400
Technology Systems $19,600 to $22,200
Initial Supply of Inventory $25,000 to $27,000
Grand Opening Advertising $0 to $5,000
Utility Deposits, Licenses & Permits $1,000 to $4,000
Professional Fees $0 to $3,500
Insurance (3 months) $1,000 to $2,000
Additional Funds (3 months) $10,000 to $20,000
Total Estimated Initial Investment $465,600 to $596,800

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Competitors

Below are some of

It's Boba Time

key competitors in the

Coffee & Tea

sector.

Started franchising
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Franchise fee

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Revenue (AUV)

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Gross Profit

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EBITDA

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Home-based

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Passive investment

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FDD
It's Boba Time
2011
76
+
62%
62%
$45,000
5.00%

$466,000

-

$597,000

n.a.

$0

Upgrade

n.a.

n.a.

Upgrade

n.a.

n.a.

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2011
5
+
67%
67%
$30,000
6.00%

$88,000

-

$517,000

Upgrade

n.a.

$0

n.a.

n.a.

Upgrade

n.a.

n.a.

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Upgrade
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2017
14
+
17%
17%
$35,000
6.00%

$244,000

-

$490,000

Upgrade

n.a.

$0

n.a.

n.a.

Upgrade

n.a.

n.a.

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Upgrade
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2020
5
+
150%
150%
$30,000
6.00%

$269,000

-

$576,000

Upgrade

n.a.

$0

n.a.

n.a.

Upgrade

n.a.

n.a.

Upgrade
No
Upgrade
No
Yes
Upgrade
Yes
2017
18
+
125%
125%
$35,000
6.00%

$1,594,000

-

$3,314,000

Upgrade

n.a.

$0

n.a.

n.a.

Upgrade

n.a.

n.a.

Upgrade
Upgrade
Upgrade
2020
2
+
n.a.
n.a.
$50,000
6.00%

$155,000

-

$299,000

Upgrade

n.a.

$0

n.a.

n.a.

Upgrade

n.a.

n.a.

Upgrade
Upgrade
Upgrade
2017
106
+
16%
16%
$30,000
7.00%

$298,000

-

$587,000

Upgrade

n.a.

$0

n.a.

n.a.

Upgrade

n.a.

n.a.

Upgrade
Upgrade
Upgrade

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Training

It's Boba Time provides a structured and multifaceted training program for franchisees to ensure they can operate their stores in compliance with brand standards. Here are the key programs offered by the Franchisor:

  1. Initial Training Program
    This is a required program for the Managing Owner and one additional person. It includes approximately 14 days of training at the corporate headquarters in Los Angeles or another designated location. The program must be successfully completed before the store opens, covering operational and brand standards.
  2. Onsite Pre-Opening Training
    Up to 10 days of onsite support is provided at the franchisee's store before opening. This training is conducted by corporate trainers and includes practical instruction on store operations, ensuring readiness for the store launch.
  3. Ongoing and Refresher Training
    The Franchisor may require periodic system-wide refresher or supplemental training courses. These can be mandatory or optional and are aimed at maintaining operational quality and adherence to updated standards.

Territory Protection

It's Boba Time offers limited territorial protection to its franchisees, depending on the location of the store. If a franchise is located within a Captive Venue, the protected territory is restricted to the premises itself.

For stores in urban areas, the protected territory extends to a ¼-mile radius, while those in non-urban areas receive a 1-mile radius of protection.

This territorial right prevents the franchisor from establishing or licensing another store under the same brand within the assigned area during the agreement term. However, these protections do not guarantee exclusivity beyond the defined radius and are subject to exceptions, such as pre-existing locations or development agreements.

Number of units

2024
Franchised units

47

61

76

Company-owned units

6

6

4

Total units

53

67

80

Competitors

Kahala Coffee Traders

Franchisees

?

5
+
67%
67%
Investment

?

$88,000 - $517,000

7 Leaves

Franchisees

?

14
+
17%
17%
Investment

?

$244,000 - $490,000

Junbi

Franchisees

?

5
+
150%
150%
Investment

?

$269,000 - $576,000

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?

18
+
125%
125%
Investment

?

$1,594,000 - $3,314,000

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