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In 1986, a small tea shop in Taiwan needed something new to attract customers. So they set out to combine four ingredients—tea, milk, syrup, and the real secret weapon, tapioca balls—into an entirely new drink. The nice milky mixture was an instant smash and born like that, boba, or bubble tea.
After rapidly sweeping through Asia, and then expanding to the rest of the world in the 1990s, Bubba became a true international powerhouse. The global boba market was estimated at $5.3 billion in 2019 and is expected to reach $8 billion by 2024. Yelp even described boba tea as the most common type of delivery ordered in states like California and Michigan during the early pandemic months of 2020.
Despite the growing popularity of boba, the United States has not exactly seen a similar explosion of bubble tea retailers to keep pace with this demand. As of 2021, there are only about 3,300 boba stores in the United States, most of which are clustered along the east and west coasts.
Between economic downturns and the exorbitant cost of opening and hiring physical storefronts, it’s easy to see why there isn’t a boba store on every corner nationwide, even though demand for the drink seems to support viability.
Bobacino was founded on the premise that there was a way to bring high quality Bubba to the masses in all US markets while keeping costs low. Their solution: colorful robot-powered kiosks to be located in high-traffic areas such as malls, allowing businessmen to offer Bupa’s premium offerings without the crippling costs of large retail spaces or expensive salaries.
Boba’s future may be a robot.
Now, Bobacino is garnering investor support via its current StartEngine campaign to help roll out and place robotic Boba bars in communities across the U.S.
Bobacino pallets are just 16 square feet in size and can be placed just about anywhere, from college campuses to shopping malls to airports and business parks. And because the suites can be stored and maintained with minimal support, small business owners can offer affordable, high-quality boba drinks at low prices. The mounts can be easily moved from one location to another to help improve profits.
Whereas traditional startups take about a year to open at a cost of $200,000 to $375.00 per site, Bobacino costs just $50,000 and can be up and running in less than two weeks.
Boba fans simply have to walk to the kiosk, enter their orders using the dedicated order screen, and then sit back while the 6-axis robotic arm and robotic taps serve up brewed tea, chilled milk and sweeteners to create a truly personalized Boba experience. The holder will seal the cup so there’s no spillage, all while customers watch the entire process happen right in front of them.
And while many of Boba’s current retailers have to skim high-quality ingredients to offset operational costs, Bobacino’s low cost ensures owners maintain a high level of quality. In fact, all it takes is high-quality components, a part-time worker to restock those components, and an intelligent process monitoring device to open Bobacino for business.
Invest in Bobacino.
One of the major investors in Bobacino is Wavemaker Labs, creator of the Bobacino prototype as well as a similar robotic Piestro stand for making artisanal pizza on demand. Currently, entrepreneurs looking to diversify their portfolio can buy in as an early investor in Bobacino and buy shares in the startup.
Potential buyers can follow the entire campaign now through the Bobacino StartEngine page and learn how to invest alongside Wavemaker Labs and over 250 high-profile investors today.
This Reg A+ offering is provided by StartEngine Primary, LLC, a member of FINRA/SIPC and is highly conflicting and illiquid.
Offering prospectus: https://bit.ly/3oMymYi