Becoming a business owner is a huge decision. It’s one that can honestly change your life. But it needs to be researched properly, and you need to be sure that you are making all of the best decisions before you even get started.
Franchising is a great way to begin your entrepreneurial journey. Because, sure, you will have a lot of responsibilities, but the truth is that you won’t have as many bumps in the beginning. Because the original owners have already built the company and its reputation.
But that doesn’t mean that you won’t have to work just as hard to build a personal reputation with your new business. And you are also going to have to ensure that you have a strong passion for the business that you purchase. So how can you be sure that the business is right for you?
Let’s start by narrowing down the industry. The food and drink industry is honestly one of the fastest growing industries out there. Because let’s face it. We all love food, right?
Dig a little deeper and grab a hold of a healthy drink and dessert establishment that is proven for success, and you’re pretty much set for a golden opportunity. Bambu Desserts is one of the fast-growing and respected Vietnamese drink locations around America.
They serve great, healthy drinks and can even be customized to the customers’ liking. And with a business like this, how can you go wrong? Well, honestly, there are quite a few ways you can still manage to fail before you even get started. Especially if you neglect to do your research on the company.
And that’s the primary reason for our visit today. We are going to go over all of the details on this company and its franchise opportunity. So that you can make an informed decision that you feel confident about.
Whether that means that you decide to pursue this business or not. The choice is yours. So, let’s take a look at Bambu Desserts & Drinks.
For the Love of Bambu
Bambu Desserts & Drinks brings you the ultimate menu full of tasty treats that are healthy and ready to delight your taste buds. Chè is prepared fresh with coconut water or milk along with other delectable and healthy ingredients.
This establishment serves a well-known and loved Vietnamese drinks that consist of dessert beverages and pudding. Using only the freshest ingredients that includes freshly cut coconuts.
But let’s not forget about the variety of options that you have to choose from on the menu. From a mix of signature drinks and desserts right down to a customized flavor of your choice. There is nothing like tasting one of Bambu’s exceptional treats including coffees, teas, and smoothies that are inspired by Asian flavors.
Even with a bunch of Asian drink inspired establishments showing up across the country, Bambu seems to hold a title for being quite extraordinary. With ingredients like Pandan Jelly, fresh coconut milk & juice, Longan, Basil Seed, and sugarcane, you can be sure that it’s completely fresh and made healthy just for you.
If you want a fresh and tasty treat, then hop on over to Bambu Desserts & Drinks. But if you want a fresh, new opportunity then it’s time that you take a look at what all this company has to offer.
Franchising for Bambu Desserts & Drinks can open up many doors for you and fulfill many of your business dreams and desires. But how can we be so sure that it’s a decent opportunity? Let’s take a look at some of the details on the growth of this company and get started on learning more about this business venture.
Franchise Growth and Opportunities
When it comes to finding out if a franchise opportunity is a decent one, there are a few contributing fractors that you need to look for. For one, the growth of the company and the turnover rate can greatly affect whether or not the opportunity is healthy.
Luckily, Bambu Desserts & Drinks has had a decent amount of growth over the years. However, it’s not as great as one would hope. And the turnover rate is looking a little risky.
At the end of 2012, this company had a total of only 4 franchise outlets operating. By the end of 2017, however, that number increased to 62 operating franchise locations. While it’s not a huge icrease, this spike definitely shows interest in this opportunity.
The 11.87 turnover rate does raise a little concern, however. Each turnover rate is calculated by totaling the number of transfers, terminations, and non-renewals and dividing it by the total number of operating locations.
Since this rate is beginning to get a little high, it could possibly indicate that there may have been quite a few terminations. To understand the reasoning behind this rate, it’s important to ask the company relevant questions that will give you a better idea of the reasons behind closings.
The good news is that this company provides extensive training and support to those that purchase a franchise through them. And that’s definitely a decent perk to consider when choosing your next business.
Because franchising through a company is a lot different than starting your own personal business. You have to understand how the company works and how to properly run and operate the business.
The Expectations and Requirements
Other than the regular details about growth and training, there are obvious concerns to look into as well. What are the requirements and fees for this specific business opportunity? And do you meet the necessary expectations to become a franchise owner for this company?
And honestly, the startup costs for this company are a little steep. Once you are approved and ready to sign a contract with Bambu Desserts & Drinks, you will be required to pay an initial franchise fee of between $40,000 and $80,000. With a total investment of anywhere between $137,000 and $321,000.
This total investment can range widely due to your specific location, among other factors. But it’s important to note that these fees will cover an entire 10 years of being in business. Once you sign that contract, you are committing to a 10-year contract agreement. And there are no refunds or finance options available for you.
Although, the company will provide you with the territory rights to your franchise location. And that’s a pretty decent advantage.
In addition, there are also no recorded ongoing fees, such as a royalty or advertising fee. There is, however, an installment fee that is required only for installment franchises.
These requirements aren’t too bad for a franchise in this industry. And honestly, depending on your specific needs and wants for a business, this may be a decent choice for your new journey.
Here’s What I Think
When you have an incredible business opportunity in front of you, it may be hard to pass up. In fact, if you’re new to the game and you have any opportunity set in front of you, you’re probably going to jump for joy at the sight of it. But that’s probably not the best idea.
Doing the proper research is essential. You want a business that’s not going to fail before you even get started. And honestly, there are quite a few companies that seem to be in deep water already.
Luckily, with Bambu Desserts & Drinks, it seems to be a pretty good franchise deal. The price may be a little steep, but there are a few things that make me to believe that this is a decent opportunity.
Especially the fact that the company has experienced a good amount of growth over the years. Even with the growing turnover rate. It’s easy to see that this franchise is catching eyes.
Are there better opportunities out there? Sure. But for this industry, it truly seems that this is one of the better companies to go with if you’re looking for a decent franchise deal.
Overall, the final decision will depend on you and your specific needs for this new business deal. If you are looking for a Vietnamese drink and dessert business, however, this company seems like it will do just fine.
Concluding the Review
Purchasing a new franchise business can make you feel excited and probably filled with different emotions. After all, it is a new journey that will change your life. Either for the better or for the worst.
So when it comes time to choose the right company to work with, you have to be extremely careful with your research and investment. And be sure to go after the industries and companies that you feel a strong connection to.
As for Bambu Desserts & Drinks, it seems like this franchise opportunity would be a good one. But there are still a few things to consider. And you will want to be sure to communicate with the company before you make your final decision.
Because there are still things that you will need to understand and acknowledge. Even if you think you have done the most research as you possibly can. Nothing truly beats actually talking with the company to have your questions answered.
So if you feel that this company is a good personal and professional fit for you, contact the owners and get started on your franchise application. You could be the very next Vietnamese dessert and drink shop in your neighborhood.