Boba Cucue
Franchise research report · reviewed 2025 disclosure data
Researching Boba Cucue franchise opportunities? Every figure below is cited to the FDD.
Boba Cucue franchises operate quick-service tea houses that prepare handcrafted boba tea drinks. The FDD describes locations in visible shopping areas or shopping centers, operating under the Boba Cucue brand.
Headline figures
Boba Cucue quick facts
- Is Boba Cucue a franchise?
- Yes. Boba Cucue offers franchises through a Franchise Disclosure Document. At the end of 2023, it reported 0 franchised and 4 company-owned outlets (2025 FDD, Item 20, PDF p. 42).
- How much does it cost to open a Boba Cucue franchise?
- The Boba Cucue Franchise Disclosure Document reports an estimated initial investment of $199,850 (2025 FDD, Item 7, PDF p. 17). This is the franchisor's disclosed estimate, not a quote. Details
- What is the Boba Cucue initial franchise fee?
- The disclosed initial franchise fee for a standard single unit is $40,000 (2025 FDD, Item 5, PDF p. 12). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
- What ongoing fees does Boba Cucue charge?
- The disclosed ongoing royalty is 5.5% (2025 FDD, Item 6, PDF p. 12). The brand or advertising fund contribution is 1% (2025 FDD, Item 6, PDF p. 12). Other recurring fees are listed in Item 6. Details
- Does Boba Cucue disclose financial performance (Item 19)?
- Yes. The Boba Cucue FDD includes an Item 19 financial performance representation (2025 FDD, Item 19, PDF p. 41). Figures apply only to the locations and period each one covers. Details
- How many Boba Cucue locations are there?
- The FDD reports 4 outlets at the end of 2023 (2025 FDD, Item 20, PDF p. 42). Existing locations do not indicate territory availability. Details
- Is Boba Cucue a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 includes financial performance figures; check which locations and period they cover; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1Opening costs are estimated at $199,850 in the 2025 FDD (Item 7); several initial fee options apply.
- 2Item 19 covers 3 separate groups: other measures and revenue for 3 Affiliate-owned company outlets locations; other measures and revenue for 3 Affiliate-owned company outlets locations; revenue and other measures for 3 Affiliate-owned company outlets locations. They are not combined.
- 3Outlets held steady in 2023, to 4 (Systemwide, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Boba Cucue head-to-head
Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.
Costs · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Total estimated initial investment
2025 FDD · Item 7 · PDF p. 17
Formats disclosed in Item 7 (2)
Each format has its own total. The total depends on the format you choose; multi-unit packages are listed but not included in the headline range.
- franchise agreement: $19 9,850 - $38 3,200PDF p. 17$199,850
- Total multi-unit investment: $228 ,350 - $49 8,200Multi-unitPDF p. 18$228,350
Standard single-unit franchise fee
2025 FDD · Item 5 · PDF p. 12
Discounted and multi-unit options are separate; see all fees.
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty: 5.5% of gross salesMain ongoing fee
15 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
3 separate populations, shown apart. Revenue is not owner income.
Locations counted: not stated in the reviewed record
Revenue and other measures · 3 locations
- Who is counted
- One affiliate-owned Boba Cucue business, E-Blue USA, LLC, in Gilbert, Arizona, 2023
- Excluded
- Two additional stores were excluded because they did not complete a full year of financials; operating expenses are excluded. Affiliate did not pay marketing fees; this is an estimated expenditure.
- Method
- Selected financial results from three affiliate-owned company locations
Locations counted: not stated in the reviewed record
Revenue and other measures · 3 locations
- Who is counted
- Phoenix location: Boba Cutea Phoenix, LLC, among the three affiliate-owned Boba Cucue locations in the Phoenix, Arizona market.
- Excluded
- Two additional stores were excluded because they did not complete a full year of financials; affiliates do not pay marketing fees, and this is an estimated expenditure if incurred.
- Method
- Selected financial results from three affiliate-owned company locations
Locations counted: not stated in the reviewed record
Revenue and other measures · 3 locations
- Who is counted
- One affiliate-owned Boba Cucue business, Boba Cutea Mesa, LLC, in Mesa, Arizona, 2023
- Excluded
- Two additional stores were excluded because they did not complete a full year of financials; operating expenses are excluded.
- Method
- Selected financial results from three affiliate-owned company locations
These groups are never combined.
Outlet Changes — Item 20
How has the outlet count changed?
Systemwide, as labeled in the FDD · counts as of 2023 of each year.
2025 FDD · Item 20 · PDF p. 42
Net +0 outlets, 2021–2023
Year-end counts reported in Item 20. The scale starts at zero, so the line looks nearly flat; the labels between the dots show each year's change. Openings and closures for 2023 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2025 Item 7 estimate ($199,850) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Which locations are included in the Item 19 figures, and which were excluded?
Reported units went from 4 to 4 in 2023. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
How do your results compare with the Item 19 figures, and what explains the difference?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2025 FDD)
- [1]Estimated initial investment — Item 7 · PDF p. 17
- [2]Standard initial franchise fee — Item 5 · PDF p. 12
- [3]Item 19 — Locations counted not stated in the reviewed record — One affiliate-owned Boba Cucue business, E-Blue USA, LLC, in Gilbert, Arizona,… · PDF p. 41
- [4]Item 19 — Locations counted not stated in the reviewed record — Phoenix location: Boba Cutea Phoenix, LLC, among the three affiliate-owned Boba… · PDF p. 41
- [5]Item 19 — Locations counted not stated in the reviewed record — One affiliate-owned Boba Cucue business, Boba Cutea Mesa, LLC, in Mesa, Arizona… · PDF p. 41
- [6]Outlet counts — Item 20, Table 1 · PDF p. 42
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
No verified franchisor financial statement figures have been reviewed yet.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.
Head-to-head comparisons
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Reader notes on wording
Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 12 · PDF p. 31 · 2025 FDD
Our summary: Territory definition: The territory is determined by the franchisor and has a population of approximately 50,000 people; it is usually a radius around the location, but other boundaries may be used.
“Your territory will have a population of approximately 50,000 people. Your territory will usually be specified as a radius around your location; however, we may use other boundaries (such as county lines or other political boundaries, streets, geographical features, or trade area).”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 12 · PDF p. 32 · 2025 FDD
Our summary: Exclusive territory: Yes for a single franchise agreement; no exclusive territory is granted under a Multi-Unit Development Agreement as an area developer.
“In your franchise agreement, we grant you an exclusive territory. In your territory, we will not establish either a company-owned or franchised outlet selling the same or similar goods or services under the same or similar trademarks or service marks as a Boba Cucue outlet. The continuation of your territorial protection does not depend on achieving a certain sales volume, market penetration, or other contingency. There are no circumstances that permit us to modify your territorial rights. If you sign a MUDA, you do not receive an exclusive territory as an area developer. Therefore, with respect to a MUDA, we make the following disclosure: You will not receive an exclusive territory.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 21 · PDF p. 45 · 2025 FDD
Our summary: Exhibit F contains the franchisor's unaudited opening balance sheet dated 1/15/2023 and audited financial statements as of 12/31/2023; fiscal year end December 31.
“Exhibit F contains our unaudited opening balance sheet dated 1/15/2023 and our most recent audited financial statements as of 12/31/2023. Our fiscal year end is December 31.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.
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