It's Bobatime

It's Bobatime

Information based on 2023 FDD

Food & Beverage · Coffee & Tea

Investment min
$469K
Total: $469K–$594K
Avg gross revenue
N/A
Unit-level, 2023
Franchise fee
$45K
Per current disclosure
Royalty
5%
of gross revenue
Locations
61
Franchising since 2011

Description

What is It's Bobatime?

It's Bobatime stands as a vibrant leader in the bubble tea and beverage industry, delighting customers since 2003 with an extensive menu of over 140 unique drinks. What began as a passion project in Los Angeles has evolved into a beloved brand known for its commitment to quality, freshness, and innovative beverage creations.

The franchise prides itself on using fresh fruits in their smoothies and made-to-order drinks, offering customers unlimited customization options. From their signature Thai Tea with Boba to creative concoctions like Pistachio Frappe and Galaxy Iced Tea, It's Bobatime caters to every taste preference. Their most popular locations serve an impressive 1,000 customers daily, testament to their winning formula of exceptional product quality and customer service.

Beyond traditional bubble tea, the menu features an array of options including smoothies, slushes, coffees, milk teas, shaved ice, and milk foams. The brand maintains consistent quality across all locations through a meticulous operational process, ensuring every sip delivers the same delectable experience customers have come to expect.

Each It's Bobatime location offers a modern, welcoming atmosphere where customers can enjoy their beverages in a clean, comfortable setting. The brand's commitment to customer convenience is evident through their mobile app, which offers a rewards program and easy ordering capabilities. With friendly staff, quick service, and a proven track record of success in Southern California, It's Bobatime continues to expand its footprint while maintaining the high standards that have made it a standout in the competitive beverage market.
  • 20+ years established market presence since 2003
  • 67 active franchise units demonstrating system stability
  • 140+ diverse beverage menu options verified
  • Mobile app with integrated loyalty rewards program
  • Investment range below sub-sector average maximum
  • Youth-focused demographic with strong market appeal

Location Analysis

Where It's Bobatime wins

It's Bobatime, established in 2003, has grown to maintain a significant presence across multiple states, with continued expansion indicating strong market momentum. The franchise maintains a strong customer satisfaction rating, demonstrating consistent service quality across its network.

The franchise shows dominant market presence in California, while maintaining a strategic foothold in Nevada. Their presence is concentrated primarily in these core Western markets. Their sample location in Simi Valley, California, showcases the brand's success with exceptional customer ratings, exemplifying their target market strategy in suburban retail corridors.

Expansion opportunities exist in untapped Western markets, particularly in Arizona, Oregon, and Washington, where demographic profiles align with their successful locations. Ideal locations feature high foot traffic, proximity to colleges or urban centers, and areas with significant Asian-American populations or younger, trend-conscious demographics.

Prospective franchisees should focus on locations with median household incomes above $60,000, retail centers with complementary businesses, and areas with high concentrations of millennials and Gen Z consumers. The brand's 20-year operating history and current geographic concentration suggest room for significant expansion while maintaining operational efficiency through regional supply chains.
Total US locations
67
Franchise units
61
Corporate locations
6
Avg. sq. footage
N/A

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Financial Analysis

The numbers behind It's Bobatime

Avg gross revenueN/A
Investment range$469,000 – $593,500
Investment midpoint$531,250
Brand fund2%
Royalty5%
Franchise fee$45,000
Min. net worth
Min. liquid capital
It's Bobatime requires an investment of $469,000-$593,500, positioning it competitively within the coffee and tea franchise sector. This investment range falls below the sub-sector average maximum of $610,306 while exceeding the minimum average of $296,954, offering reasonable entry costs for an established bubble tea concept. The brand operates 67 active units with over 20 years of market presence since 2003, demonstrating operational stability and system maturity.

However, revenue data is not currently available for performance comparison against the sub-sector average of $307,288, requiring prospective investors to conduct independent due diligence on unit-level financial performance. The bubble tea segment continues benefiting from strong demographic trends, particularly among younger consumers driving sustained demand for specialty beverages.

The brand features an extensive menu of 140+ beverages and operates a mobile app with loyalty rewards, indicating comprehensive operational infrastructure and customer engagement systems. This menu diversity suggests operational complexity requiring experienced food service management and thorough staff training protocols.

Ideal investors should possess substantial liquid capital and food service experience, with understanding of youth-oriented retail concepts. The demographic appeal requires operators comfortable with digital marketing and social media engagement. Prospective investors should thoroughly analyze local market competition and review the FDD carefully to understand territory rights, operational requirements, and unit-level economics given the absence of disclosed revenue data.
Did you know? Starting your own It's Bobatime franchise - where you can serve up trendy bubble tea, smoothies, and Asian-inspired drinks to thirsty customers - requires a total investment between $469,000 and $593,500, which includes the $45,000 franchise fee plus all the equipment, buildout costs, initial inventory, and working capital needed to launch your boba tea business in this rapidly growing market.

Financing partners

Vetted partners, tailored to franchisees

Your Franzy advisor can connect you with these partners later in the process — competitive rates, specialized in franchise financing.

FranFund

Lender

CRF USA

Nonprofit SBA lender; provides financing for franchise acquisitions, startups, and expansion.

Lender

First Bank of the Lake

Lender

Pension Pros

Lender

FDD Item 7

Initial investment range

$469K–$594K
Most common
$469,000
Minimum
$531,250
Midpoint
$593,500
Maximum

Per FDD Item 7, total initial investment ranges from $469,000 to $593,500. The midpoint $531,250 is what most franchisees report at signing — financing typically reduces cash-at-close by 80–90%. Knowing the investment range helps you plan confidently and ensure you're fully prepared to make the leap.

Growth over time

Franchise footprint

+26% YoY
80644832160
2016
2017
2018
2019
2020
2021
2022
2023
67 units open as of 2023 FDD+14 in last 12 mo

2023 Franchise Disclosure

FDD documents

Below are items 2, 3, 4, 7, 11 and 19 for It's Bobatime's 2023 FDD. The complete FDD is delivered to you directly by the franchisor, per the FTC Franchise Rule.

Estimated initial investment
FDD Item 7 · PDF
Financial performance representations
FDD Item 19 · PDF
Members-only items
Executive team
FDD Item 2 · PDF
Litigation
FDD Item 3 · PDF
Bankruptcy
FDD Item 4 · PDF
Franchisor assistance
FDD Item 11 · PDF
Members only
Unlock the 2023 FDD

Connect to download Items 2, 3, 4, and 11 — direct from the franchisor.

Buyer FAQs

Frequently asked questions

The initial investment for a It's Bobatime franchise typically ranges between $469,000.00 and $593,500.00. This includes the franchise fee, equipment, real estate, and other startup costs. To get a detailed breakdown and better understand the financial requirements, we recommend scheduling a call with the Franzy team. We'll walk you through the specifics and answer any questions you might have. For more detailed information, refer to the financial sections of the FDD.

Disclaimer. The information provided on this page is based on the latest Franchise Disclosure Document (FDD) that is publicly available and that we have on record, which was issued in 2023. This information is for informational purposes only and is not intended to constitute legal, financial, or business advice. We make no guarantees or claims regarding the completeness or accuracy. For the most current and detailed information, we recommend consulting the franchisor directly for the most recent FDD and regarding any questions that you may have about the information provided.

It's Bobatime
It's Bobatime
N/A avg revenue · 61+ US franchises

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