BNT Bubbl N Tea Franchise Cost, Revenue & Review 2026
- Investment
- $276K – $426K
- Disclosed sales
- partial, no system average
- SBA charge-off
- Not SBA-matched
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
BNT Bubbl N Tea is a bubble tea franchise serving milk teas, fruit teas, and boba drinks. Franchisees run the shops, managing drink prep, inventory, and counter service.
FranchiseVerdict summary · 2026
A BNT Bubbl N Tea franchise requires a total initial investment of $276K – $426K, including a $35K franchise fee and an ongoing 6.0% royalty[2]. The 2025 FDD on file does not yield a unit-revenue figure we can publish. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Limited operating history: franchising since 2024. A system this young has fewer than three years of Item 20 outlet history and rarely enough SBA loans for a charge-off rate, so its grade rests on less evidence than an established system's. Read its Item 20 tables and talk to its first franchisees before relying on the grade. Other new franchisors
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: partial✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored4 of 5 headline figures on this page cite a page of the filing; the rest are marked “Not cited” beside the figure.
Overview
- Investment
- $276K – $426K
- 43rd pct Service Resta…
- Avg gross sales
- N/A
- Company-owned onlyn=1
- Royalty
- 6.0%
- 48th pct Service Resta…
- Units
- 1
- 3rd pct Service Resta…
- SBA charge-off
- N/A
Quick verdict · Quick-Service Restaurants · color = vs category peers
Green = favorable by >10% vs Quick-Service Restaurants median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $276K – $426K including a $35K franchise fee, 6.0% ongoing royalty.
- RETURNSItem 19 reports a single affiliate-owned (company-owned) outlet in Beaverton, Oregon (operating under the predecessor 'Bubble N Tea' brand, being rebranded). The figures are unaudited Gross Sales (total revenue less sales tax, discounts, allowances and returns). No franchised outlets exist.
- RISKVerdict C (Average), verdict score 38/100 (higher is better).
- GROWTHFlat: no net change in franchised outlets in the latest year (0 opened, 0 closed) (Item 20).
- DATAItem 19 reports revenue alongside profit figures rather than annual gross sales, so unit revenue is not directly comparable. Ask franchisees directly for full unit-level revenue.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- 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 PC
- Audited financials
Overview
About
- CEO
- Kulthida Ruanchang
- Headquarters
- OR
- Founded
- 2023
- FDD year
- 2025
- States available
- 1
Can you afford it, and what does the money buy?
Entry cost runs 28% below the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown15 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.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $276K – $426K
- Middle of category vs category
- Liquid capital req'd
- $75K – $100K
- Bottom third — review vs category
- Franchise fee
- $35K – $35K
- Middle of category vs category
- Royalty
- 6.0%
- Set by a formula · typical 6–8%
- Ad fund
- 1.0%
- typical 3–5%
- Total fee load
- 7.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 1.0% of gross sales |
| Technology fee | $500 |
| Training fee | $2K |
| Transfer fee | $15K |
| Renewal fee | $10K |
| Inventory (initial) | $5K – $8K |
| Total fee load | 7.0% of rev |
What do units actually make?
Source: FDD 2025 · Item 19
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
No Item 19 revenue figure for BNT Bubbl N Tea is on file. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one BNT Bubbl N Tea unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Item 19 reports a single affiliate-owned (company-owned) outlet in Beaverton, Oregon (operating under the predecessor 'Bubble N Tea' brand, being rebranded). The figures are unaudited Gross Sales (total revenue less sales tax, discounts, allowances and returns). No franchised outlets exist.
Company-owned outlets only - not franchisee performance
Based on a single reporting unit - not a system average
- Item 19 type
- Gross Sales and Disclosed Expenses (company-owned outlet data)
- Sample size
- 1
- vs category median 19 · small
- Reporting year
- 2024
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2024
- Transparency
- 9 / 10
- vs category median 4 / 10 · above
Compared against 781 Quick-Service Restaurants brands
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Fee burden
Total ongoing fee load of 7.0% (near the Quick-Service Restaurants median).
Disclosure
Item 19 reports revenue alongside profit figures rather than annual gross sales, so unit revenue is not directly comparable.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Quick-Service Restaurants medians
How BNT Bubbl N Tea Compares
Category median of published Quick-Service Restaurants brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
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
- N/A
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 0%
- vs corporate-owned
Last fiscal year · Item 20 exits and transfers
- Terminated
- 0
- Not renewed
- 0
- Transferred
- 0
- Reacquired
- 0
- Franchisor bought back
- Signed, not yet open
- 0
- 0.00 per open outlet · Item 20 Table 5
- 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.
What could kill this investment?
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Extremely early-stage franchise with single operating unit, franchisor stability concerns, and unproven system scalability despite attractive unit economics.
Litigation (Item 3)
Subject: officers or affiliates. The franchisor is not a named party in these cases.
No litigation required to be disclosed in Item 3.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Roos & McNabb CPA's PC
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Item 19 reports a single affiliate-owned (company-owned) outlet in Beaverton, Oregon (operating under the predecessor 'Bubble N Tea' brand, being rebranded). The figures are unaudited Gross Sales (total revenue less sales tax, discounts, allowances and returns). No franchised outlets exist. The franchisor's own audited revenue/income figures (Item 21 / Exhibit D) were not present in the extracted text — only the auditor consent letter extracted; the balance sheet and income statement tables did not.
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 verdict
- 01MINOROnly 1 unit in system with unknown growth trajectory indicates severely underdeveloped franchise model with no proven replicability
- 02MINORHigh initial investment range ($275K-$426K) against single unit comparable creates unknown ROI risk and scaling uncertainty
- 03MINORRoyalty structure floor of $1,200/month ($14,400 annually) represents 1.8% of average revenue, but breakeven risk unclear for underperforming locations
- 04MEDNo disclosed litigation may indicate insufficient franchise history to generate complaints rather than clean track record
- 05MEDAverage 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
What are you signing up for?
Ongoing fees run about 7.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 1 mi |
| Territory population | 30,000 |
| Online sales rightsℹ | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 2 years |
| Non-compete (miles)ℹ | 25 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 10 days |
| Curable defaultsℹ | 2 |
| Mandatory arbitration | Yes |
| Arbitration location | Washington County, Oregon |
| Jury trial waiver | Yes |
| Governing law | OR |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed in Item 3.
Items 10, 11
Training & Operations
- Classroom training
- 16 hrs
- On-the-job training
- 56 hrs
- Training location
- Beaverton, Oregon training facility and/or franchisee Café Location
- Ongoing training
- Required
- Time to open
- 7 mo
- From signing to launch
- Site selection
- Franchisee selects, franchisor approves
- Franchisor financing
- Not offered
- Item 10
- POS system
- Toast
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Toast
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?
Item 19 of the BNT Bubbl N Tea FDD discloses figures for part of the system but no single average across all outlets. These are gross sales figures, not profit; the Revenue section shows what the filing reports and on what basis. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns BNT Bubbl N Tea?
BNT Bubbl N Tea is franchised by Bubble N Tea Franchising LLC. The FDD names no parent company. Source: FDD Item 1, 2025 filing.
What is Item 19 in the BNT Bubbl N Tea FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the BNT Bubbl N Tea FDD and qualifies whose outlets they describe.
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.
Is BNT Bubbl N Tea a good franchise to buy?
FranchiseVerdict rates BNT Bubbl N Tea as a C-grade franchise with a verdict score of 38 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. 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.
For franchisors
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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.