BNT Bubbl N TeaFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A BNT Bubbl N Tea franchise requires a total initial investment of $276K – $426K, including a $35K franchise fee. Per the 2025 FDD, average unit revenue was $775K[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $276K – $426K
- 52nd pct Service Resta…
- Avg gross sales
- $775K
- 23rd pct Service Resta…
- Royalty
- N/A
- Units
- 1
- 3rd pct Service Resta…
- SBA default
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = >15% above Quick-Service Restaurants avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Started franchising in 2024. Newer systems carry more uncertainty but may offer better territories.
155% cash-on-cash return (based on P&L Bottom Line). Above the 20% threshold most investors target.
Bottom line
- Total investment $276K – $426K including a $35K franchise fee.
- Average unit revenue of $775K/year, with an estimated 155% cash-on-cash return (based on P&L Bottom Line).
- Verdict A (Top Quintile) with a risk score of 38/100.
- Revenue data based on only 1 reporting unit. Treat as directional, not definitive. Ask franchisees directly for current unit economics.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Bubble N Tea Franchising LLC
- CEO title
- Chief Executive Officer
- Kulthida Ruanchang
- CEO experience
- 2016 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- OR
- HQ
- 3496 SW Cedar Hills Boulevard, Beaverton, Oregon 97005
- Auditor
- Roos & McNabb, CPA's, A Professional Corporation
- Audited financials
- Franchisor revenue
- $0
- Most recent fiscal year
Overview
About
Franchisees operate bubble tea retail locations, preparing and serving specialty tea beverages with tapioca pearls and other toppings. Day-to-day operations include inventory management, customer service, beverage preparation, and point-of-sale management in a QSR format.
- CEO
- Kulthida Ruanchang
- Headquarters
- OR
- Founded
- 2023
- FDD year
- 2025
- States available
- 1
FDD Item 7 · 2025 filing · 15 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $35K | $35K | |
| On-Site Soft Opening Training and Support Feenot refundable | $2K | $2K | |
| Construction and Leasehold Improvements | $50K | $100K | |
| Lease Deposits and Rent - Three Months | $10K | $15K | |
| Furniture, Fixtures and Equipment | $75K | $120K | |
| Signage | $8K | $15K | |
| Computer, Software, and Point of Sale System | $5K | $10K | |
| Grand Opening Marketing | $5K | $8K | |
| Initial Inventory | $5K | $8K | |
| Utility Deposits | $1K | $2K | |
| Insurance Deposits - Three Months | $750 | $2K | |
| Travel for Initial Training | $2K | $4K | |
| Professional Fees | $1K | $3K | |
| General Licenses and Permits | $2K | $4K | |
| Additional Funds - Three Months | $75K | $100K | |
| Total initial investment | $276K | $426K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$116K
15.0% margin
Unlevered ROIC
27%
EBITDA / total invested capital
Payback
3.8 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $276K – $426K
- Near category avg vs category
- Liquid capital req'd
- $75K – $100K
- Below avg, review vs category
- Franchise fee
- $35K – $35K
- Near category avg vs category
- Royalty
- The greater of: (a) 6% of Gross Sales; or (b) $1,200 per …
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
- Payback period
- 0.6 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty (flat) | greater of 6% of Gross Sales or $1,200 per month |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $500 |
| Training fee | $300 |
| Transfer fee | $15K |
| Renewal fee | $10K |
| Total fee load | 7.0% of rev |
Financial Performance
- Avg gross sales
- $775K
- Per unit, per year
- Median gross sales
- N/A
- Avg p&l bottom line
- $545K
- Reported as P&L Bottom Line in FDD Item 19
- Cash-on-cash
- 155.2%
- Based on P&L Bottom Line / investment midpoint
- Item 19 type
- Company Owned Outlet
- Sample size
- 1 units
- vs category median 28 · small
- Range (low → high)
- $728K→$822K
- Cohort dispersion (min → max)
- Transparency
- 10 / 5
- vs category median 4 / 5 · above
Compared against 453 Quick-Service Restaurants brands
vs Quick-Service Restaurants averages
How BNT Bubbl N Tea Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 1
- Opened
- 0
- Last reporting year
- Closed
- 0
- Terminated
- 0
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 0.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 4
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 1 state reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
1
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Extremely early-stage franchise with single operating unit, franchisor stability concerns, and unproven system scalability despite attractive unit economics.
Litigation (Item 3)
No litigation is required to be disclosed in this Item.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Roos & McNabb, CPA's, A Professional Corporation
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 38 / 100 rating
- 01MINOROnly 1 unit in system with unknown growth trajectory indicates severely underdeveloped franchise model with no proven replicability
- 02HIGHGoing Concern = False suggests the franchisor itself may have financial stability issues or is a startup entity
- 03MINORHigh initial investment range ($275K-$426K) against single unit comparable creates unknown ROI risk and scaling uncertainty
- 04MINORRoyalty structure floor of $1,200/month ($14,400 annually) represents 1.8% of average revenue, but breakeven risk unclear for underperforming locations
- 05HIGHNo disclosed litigation may indicate insufficient franchise history to generate complaints rather than clean track record
- 06MEDAverage net income of $544K appears exceptional; wide gap between gross ($786K) and net suggests either highly efficient operations or incomplete cost disclosure
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius and Population |
| Protected territory | Yes |
| Exclusive territoryℹ | Yes |
| Territory radius | 1 mi |
| Territory population | 30,000 |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Washington County, Oregon |
| Jury trial waiver | Yes |
| Governing law | Oregon |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation is required to be disclosed in this Item.
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 56 hrs
- Training location
- Beaverton, Oregon and franchisee location
- POS system
- Toast
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Toast
Item 20 · call current owners
Franchisee Contacts
1 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
BNT Bubbl N Tea · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a BNT Bubbl N Tea franchise?
The total investment to open a BNT Bubbl N Tea franchise ranges from $276K – $426K, with an initial franchise fee of $35K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do BNT Bubbl N Tea franchise owners earn?
According to Item 19 of the BNT Bubbl N Tea FDD, the average gross sales per unit is $775K. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is BNT Bubbl N Tea's franchise failure rate?
SBA 7(a) loan charge-off data is not available for BNT Bubbl N Tea (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many BNT Bubbl N Tea franchise locations are there?
As of their most recent FDD filing, BNT Bubbl N Tea has 1 total units in the United States, including 0 franchised units and 1 company-owned units.
Is BNT Bubbl N Tea a good franchise to buy?
FranchiseVerdict rates BNT Bubbl N Tea as a A-grade franchise with a risk score of 38 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.