Boba Cucue
Boba Cucue franchises operate quick-serve tea houses offering handcrafted boba tea drinks under the Boba Cucue brand. Franchisees locate their businesses in high-visibility shopping areas or centers to maximize foot traffic and customer access. The business model involves selling franchises for single or multi-unit developments targeting consumers seeking trendy boba tea beverages in competitive markets with independents and chains.
Franchise Costs
5.5% royalty + 1% brand fund + $100-$200/mo software subscription
Financial Performance
Item 19 Financial Performance
Data Based On: Three company-owned locations open for a full year (1/01/2023 - 12/31/2023) in the Phoenix, Arizona market.
* Calculated average gross revenue and median gross revenue from three individual company-owned locations (E-Blue USA, LLC; Boba Cutea Mesa, LLC; Boba Cutea Phoenix, LLC). The document explicitly states that Item 19 does not include any operating expenses associated with the Company Owned locations, and that royalty and brand fund fees are estimated expenditures, not actual costs incurred by these affiliates. Therefore, no profit or net income figures can be reliably extracted or estimated.
Extracted Item 19 Section
How Boba Cucue Compares
Key Insights
- Lower than average SBA loan default rate in Beverages
| Franchise | Investment | Fee | Royalty | Locations |
|---|---|---|---|---|
Boba Cucue Current | $200K – $383K | $40K | 5.5% | 0 |
| KUNG FU TEA | $169K – $378K | $37K | 4.0% | 385 |
| SHARETEA | $225K – $555K | $12K | 6.0% | 153 |
| DING TEA | $195K – $324K | $30K | N/A | 120 |
| FiiZ Drinks | $250K – $775K | $40K | 8.0% | 63 |
| BAMBU | $159K – $328K | $49K | 3.5% | 60 |
Beverages Average 20 franchises | $281K – $629K | $40K | 5.2% | – |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 20 Beverages franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
SBA Loan History
Historical SBA 7(a) loan data for Boba Cucue franchisees (2025 – 2025)
Loans by Year
SBA 7(a) loan activity over time
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Due Diligence
Litigation (Item 3)
Bankruptcy (Item 4)
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
The total initial investment to open a Boba Cucue franchise ranges from $199,850 to $383,200. This includes a franchise fee of $40,000. Ongoing royalty fees are 5.5% of gross sales.
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