Episode 42: On this episode of Pursuit of Profit Cliff and Justin speak with Carlos Antonius, CEO of Chatime, the largest bubble tea franchise in the world. They discuss the meteoric rise of boba (bubble) tea in the United States, how Carlos plans to grow 1,000 units in the U.S. alone, and how they took control of their product distribution through acquisition. Take a listen...

-----

Timestamps:

02:55 - What is Chatime

12:20 - Why you'll switch to boba tea

15:09 - Adjusting Chatime to the US

17:55 - Competition

21:30 - Numbers

27:52 - Acquired the boba manufacturer

30:44 - Cost of labor

35:22 - Item 19

36:22 - Numbers & size in Australia

43:20 - Carlos's background

48:33 - Collabs

55:10 - KPI

------

Links:

🌐 Website - https://chatime.com/

Connect with Cliff and Justin:

🌐 Website - https://franocity.com/

📷 Instagram -   /franocity

👍 Facebook -   /franocity

💼 LinkedIn -  /cliffnonnenmacher

💼 LinkedIn -   /justinguevara

* Consult with Cliff and Justin @ Franocity

-----

Welcome to "Pursuit of Profit," the raw and unfiltered podcast where Cliff & Justin pull no punches to guide aspiring entrepreneurs, business owners, and franchisees on their journey to create wealth, financial abundance, and ultimate personal growth. If you're seeking sugar-coated advice and constant reassurance, this podcast may not be for you. But if you crave unapologetic honesty and a dose of tough love, then you've come to the right place.