World Franchise Associates Signs Agreement with T BUN Bun & Bubble Tea
26 Apr 2018 - Exclusive agreement targets worldwide expansion for one of the fastest-growing franchises in South Korea
World Franchise Associates has announced the signing of an agreement to exclusively represent T BUN Bun & Bubble Tea for international development opportunities with a focus on Asia and the Middle East.
T Bun is one of the fastest growing franchises in South Korea. The brand started in 2017, opening 8 shops in South Korea and 1 shop in Perth, Australia. T BUN is planning an aggressive rollout of 20-30 new stores in South Korea over the next 12 months along with 3 new stores in Australia. T BUN is also planning to expand its business to Southeast Asia, the Middle East North Africa (MENA) region, Canada, The United Kingdom and other international markets over the next 2 years.
Jonathan Kwon, Managing Director of T BUN said, With support from World Franchise Associates we are currently speaking to candidates about opportunities to become our exclusive master franchisees and area developers in many international markets. An exclusive T BUN master franchisee or area developer would be granted the rights for a specific country or territory and would be expected to develop a reasonable and competitive number of T BUN outlets in that country/territory over an initial 10-year development term, starting initially with company owned T BUN outlets and thereafter via sub-franchising.
T BUN offers both doughnuts and baked goods, and beverages. Its signature beverage, authentic Taiwanese Milk Tea, also called bubble tea or boba tea, is a cold drink which originated from Taiwan in the early 80s. There are more than 300 kinds of milk tea sold in Taiwan. The tea is noted as being good for health, and customers range from kids to old generations.
Troy Franklin, Chief Operating Officer, World Franchise Associates Southeast Asia, said, "We are excited about partnering with T BUN, a world-class concept and product. As one of the fastest growing franchises in South Korea, T BUN represents an appealing investment for both kiosks and small cafes providing investors with attractive profit margins and dedicated support for international franchisees.
T BUN provides franchisees with wide-ranging training and support including:
Comprehensive training program, operations manual, performance monitoring tools and reporting templates.
Access to continuous innovation, research and development.
Access to high quality raw materials and ingredients.
Consultation and advice leading up to the market launch, during the initial opening and ongoing including in-market support.
To learn more about this opportunity, visit this LINK .
About World Franchise Associates
World Franchise Associates (www.worldfranchiseassociates.com), based in London, is an international franchise development consultancy, marketing and media company. We expertly assist franchisors to enter new international markets and provide International Franchise Advisory Services to corporate and private investors who wish to expand their franchise portfolios or enter the franchise market.
World Franchise Associates