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Largest Bubble Tea Franchise Growing In A $2.3 Billion Industry
Description
Episode 42: On this episode of Pursuit of Profit Cliff and Justin speak with Carlos Antonius, CEO of Chatime, the largest bubble tea franchise in the world. They discuss the meteoric rise of boba (bubble) tea in the United States, how Carlos plans to grow 1,000 units in the U.S. alone, and how they took control of their product distribution through acquisition. Take a listen...
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Timestamps:
00:00 - Intro
02:55 - What is Chatime
12:20 - Why you'll switch to boba tea
15:09 - Adjusting Chatime to the US
17:55 - Competition
21:30 - Numbers
27:52 - Acquired the boba manufacturer
30:44 - Cost of labor
35:22 - Item 19
36:22 - Numbers & size in Australia
43:20 - Carlos's background
48:33 - Collabs
55:10 - KPI
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Links:
🌐 Website - https://chatime.com/
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Welcome to "Pursuit of Profit," the raw and unfiltered podcast where Cliff & Justin pull no punches to guide aspiring entrepreneurs, business owners, and franchisees on their journey to create wealth, financial abundance, and ultimate personal growth. If you're seeking sugar-coated advice and constant reassurance, this podcast may not be for you. But if you crave unapologetic honesty and a dose of tough love, then you've come to the right place.