My dad has a franchise of 5 months that is already starting to fail. He has 250k+ put into it, and thats with a shared business partner (500k+ total.) It is located in a great plaza of food and grocery, BUT there is another boba shop 2 minutes from it. I dont know why they chose to build one so close to it. By the end of the second month things started to go downhill and getting worse and worse, only making average of $100-170 dollars a day with $135 dollars needed to pay workers hours for that day. Is there really any way to save this business? Sell the business? Bankrupcy? Any advice helpful

  • xplant123@alien.topBEnglish
    1·
    10 months ago

    All business take to develop.

    Can’t expect to have 1k+ days until about a year in I’d say and even that might be a stretch.

    Gotta figure a way to differentiate yourself from the other boba shop while staying in the guidelines of the franchise.

    ​

    May a happy hour? 2-5pm buy one get one half off or free?

    • Trick_Passion380@alien.topOPBEnglish
      1·
      10 months ago

      A happy hour sounds interesting thanks. We have tried a labor day and thanksgiving sale, buy 1 get 1 free. Both came out less than 190-250 dollars in sales :,( . We also are doing loyalty cards but i dont see as many people as i would like to coming back for stamps. Any advice to improve or advance from this?

    • AgileWebb@alien.topBEnglish
      1·
      10 months ago

      No. This is the exact opposite of how restaurant businesses work. With restaurants, you get an initial honeymoon period (people love new restaurants) and then hope to maintain popularity. If you didn’t get the honeymoon boost after opening… Oh boy, it’s just going to get worse.