This includes health codes, business licensing, and any specific requirements for serving bubble tea. Consider quality, cost, reliability, and whether you can establish a unique selling proposition through your supply choices. Note their product offerings, pricing, marketing strategies, and customer reviews to identify best practices and areas for improvement. Identify the preferences of different demographics, such as favored flavors or dietary restrictions.
Research Consumer Trends: Look into current trends in beverage consumption, particularly focusing on bubble tea.A comprehensive market analysis will illuminate consumer preferences, competition levels, and potential gaps in the market. Before diving into the bubble tea industry, it's crucial to understand the market dynamics to tailor your business for success.
