Bobapop Tea Bar Franchise Cost, Revenue & Review 2026
Data from FDD filing
Analysis by FranchiseVerdict Research · Methodology
Bobapop Tea Bar is a bubble tea franchise serving boba milk teas, fruit teas, and specialty drinks. Franchisees run the shops, managing drink prep, ingredient inventory, and counter service.
FranchiseVerdict summary · 2026
A Bobapop Tea Bar franchise requires a total initial investment of $186K – $426K, including a $35K franchise fee and an ongoing 2.5% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Data last verified · figures per the 2025 FDD issuance
Overview
- Investment
- $186K – $426K
- 20th pct Service Resta…
- Avg gross sales
- N/A
- Royalty
- 2.5%
- 1st pct Service Resta…
- Units
- 6
- 27th 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 avg · 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 $186K – $426K including a $35K franchise fee, 2.5% ongoing royalty.
- RETURNSItem 21 states audited financial statements for FY2024/2023/2022 are attached as Exhibit B, but the Exhibit B audited statements are not present in this OCR text, so no balance-sheet or income figures could be extracted.
- RISKVerdict B (Above average), verdict score 53/100 (higher is better).
- DATANo Item 19 financial performance representation. Without franchisor-disclosed revenue data, you'll need to gather unit economics directly from existing franchisees.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Bobapop LLC
- Parent company
- Bobapop International Trade Company, Ltd.
- Ultimate parent
- Bobapop International Trade Company, Ltd (Taiwanese licensor of trademark)
- CEO title
- Managing Member and General Manager
- Sam Lin
- CEO experience
- 8 yrs
- Years in role or industry
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- MD
- HQ
- 312 Main Street, Suite 100, Gaithersburg, MD 20878
- Auditor
- Mario Marcel of Celtax — Certified Public Accountants
- Audited financials
- Franchisor revenue
- $450K
- vs $450K prior year
Overview
About
- CEO
- Sam Lin
- Headquarters
- MD
- Founded
- 2017
- FDD year
- 2025
- States available
- 2
Can you afford it, and what does the money buy?
Entry cost runs 54% below the typical quick-service restaurants franchise.
Source: FDD 2025 · Items 5–7
Full Item 7 breakdown13 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $35K | $35K | |
| Training Feenot refundable | $5K | $5K | |
| Marketing Fee | $5K | $5K | |
| Basic Equipment Packagenot refundable | $12K | $15K | |
| Other Equipment, Furniture, Signage | $30K | $60K | |
| Computers, Printer, Fax, and Other Hardware and Business Software | $4K | $7K | |
| Prepaid Rent and Security Deposit | $5K | $40K | |
| Leasehold Improvements and Architectural Costs | $40K | $150K | |
| Interior Design (3D Rendering of Shop) | $5K | $8K | |
| Initial Inventory of Tea, Powder, Cups, Menu Boards, and Packaging Materials | $25K | $55K | |
| Insurance - Liability and Workers Compensation (Initial Deposit) | $5K | $20K | |
| Legal and Accounting Fees | $5K | $6K | |
| Additional Funds (First 60 Days) | $10K | $20K | |
| Total initial investment | $186K | $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
- $186K – $426K
- Top 40% of category vs category
- Liquid capital req'd
- $10K – $20K
- Top 40% of category vs category
- Franchise fee
- $35K – $35K
- Middle of category vs category
- Royalty
- 2.5%
- tiered · typical 6–8%
- Ad fund
- One-time $5,000 marketing fee at initiation; no recurring…
- Total fee load
- 2.5%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 2.5% of gross sales |
| Training fee | $5K |
| Transfer fee | $5K |
| Renewal fee | $10K |
| Inventory (initial) | $25K – $55K |
| Total fee load | 2.5% of rev |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
Bobapop Tea Bar did not disclose financial performance in FDD Item 19. The ROIC and return models require Item 19 revenue. Without it all inputs are estimates. You can still run the calculator with your own assumptions by entering an expected revenue figure.
Returns model · single-unit ROIC
What would one Bobapop Tea Bar unit return on the cash you put in?
Unlevered ROIC · per unit
Estimated return on your total franchise investment, before any debt financing.
39%
Within the 30–60% "attractive franchise" band
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 21 states audited financial statements for FY2024/2023/2022 are attached as Exhibit B, but the Exhibit B audited statements are not present in this OCR text, so no balance-sheet or income figures could be extracted.
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 2.5% — below the Quick-Service Restaurants average of 7.9%.
Disclosure
Franchisor chose not to disclose financial performance representations. You will need to gather unit economics directly from existing franchisees.
Operator retention
Net unit growth of +150.0% over 3 years (1 opened, 0 closed).
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 averages
How Bobapop Tea Bar Compares
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 6
- Opened
- 1
- 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
- 83%
- vs corporate-owned
- Net growth (3-yr)
- +150.0%
- Net unit change over 3 years
- 3-yr CAGR
- +150.0%
- Compounded over last 3 years
3-year detail · Item 20
- Opened (3yr)
- 1
- Closed (3yr)
- 0
- Terminated (3yr)
- 0
- Non-renewed (3yr)
- 0
- Transfers (3yr)
- 0
- Reacquired (3yr)
- 0
- Franchisor bought back
- Projected new
- 0
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 2 states 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.
2
states with franchisees (per FDD Item 12)
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
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
Bobapop is a micro-franchise with no financial transparency, unproven unit economics, and a dangerously small system size that limits validation and support infrastructure.
Litigation (Item 3)
No litigation required to be disclosed.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Mario Marcel of Celtax — Certified Public Accountants
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 53 / 100 verdict
- 01MEDNo Item 19 financial disclosure (avg revenue and net income not disclosed) — impossible to assess ROI or payback period
- 02MINORExtremely small franchise system (only 6 units) with unproven scalability and minimal peer network for support
- 03MINORVery high investment range ($185.5K–$425.5K) relative to system size creates liquidity risk if franchise underperforms
- 04MINORDual royalty structure (2.5%–4%) with non-traditional units undefined — potential for hidden costs or margin compression
- 05MINOR5-year term is shorter than industry standard (typically 10 years), suggesting higher renewal uncertainty
- 06MINOR25% YoY growth on 6-unit base is only ~1.5 net new units — growth rate may not be sustainable or statistically significant
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 2.5% 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 | 5 years |
|---|---|
| Renewal term | 5 years |
| Allowed renewalsℹ | 2 |
| Territory type | protected |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory radius | 1 mi |
| 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 | 5 mi |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Curable defaultsℹ | 1 |
| Mandatory arbitration | Yes |
| Arbitration location | Gaithersburg/Maryland (franchisor headquarters) |
| Jury trial waiver | Yes |
| Governing law | MD |
| Litigation count | 0 |
View Item 3 litigation summary
No litigation required to be disclosed.
Items 10, 11
Training & Operations
- Classroom training
- 0 hrs
- On-the-job training
- 17 hrs
- Training location
- Gaithersburg, MD or franchisee location
- Ongoing training
- Required
- Field support
- 80 hrs/yr
- On-site visits per year
- Time to open
- 7 mo
- From signing to launch
- Site selection
- franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
- 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
Bobapop Tea Bar · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Bobapop Tea Bar franchise?
The total investment to open a Bobapop Tea Bar franchise ranges from $186K – $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 Bobapop Tea Bar franchise owners earn?
Bobapop Tea Bar does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Item 19 in the Bobapop Tea Bar 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 Bobapop Tea Bar FDD and qualifies whose outlets they describe.
What is Bobapop Tea Bar's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Bobapop Tea Bar (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 Bobapop Tea Bar franchise locations are there?
As of their most recent FDD filing, Bobapop Tea Bar has 6 total units in the United States, including 5 franchised units and 1 company-owned units. 1 new units were opened in the latest reporting year.
Is Bobapop Tea Bar a good franchise to buy?
FranchiseVerdict rates Bobapop Tea Bar as a B-grade franchise with a verdict score of 53 out of 100 (higher is better), 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.
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.