Listen "[Business Talk] Chagee: Opening 3,500 stores in 6 years"
Episode Synopsis
The Overlord Tea Princess was like holding a big knife and riding a dark horse, charging into this fiercely competitive battlefield and quickly seizing one territory after another.
But generally, when opening stores quickly, the profitability of a single store is ignored. It is said online that the monthly turnover of a single store of Chagee can exceed one million. I also asked my friends who opened Chagee directly and indirectly, and they said that there are indeed million-dollar stores, but it also depends on the location of the store in the business district. Not all stores are like this.
Even so, what is even more surprising is that most of
Chagee's store menus only have a dozen products , and they are basically a simple combination of tea and milk. This product efficiency is very enviable. You know, most milk tea shops can't achieve a monthly turnover of 200,000 with 100 products.
But generally, when opening stores quickly, the profitability of a single store is ignored. It is said online that the monthly turnover of a single store of Chagee can exceed one million. I also asked my friends who opened Chagee directly and indirectly, and they said that there are indeed million-dollar stores, but it also depends on the location of the store in the business district. Not all stores are like this.
Even so, what is even more surprising is that most of
Chagee's store menus only have a dozen products , and they are basically a simple combination of tea and milk. This product efficiency is very enviable. You know, most milk tea shops can't achieve a monthly turnover of 200,000 with 100 products.
More episodes of the podcast XINKER - Business and Income Tips
[PRO Tips] Why you need a SWOT analysis
25/12/2024
[Passive Income] BingX Grid Trading
18/12/2024
[PRO Tips] Growth hacking
11/12/2024
ZARZA We are Zarza, the prestigious firm behind major projects in information technology.