for me I see the business can work as they scale up
-good locations that they've selected got lots of traffic, can command premium over pasar malam milk tea (but not too much, their prices from rm6++ is still considered 'affordable')
-more shops = more brand visibility and more visits from customers. This builds a habit to buy from Chatime - once ppl bought it once, then more likely to buy in the future. If everything goes well, they'll be like the Mcdonalds of milk tea
Chatime to open 200 more stores in Malaysia News
Aug 19 2016, 11:54 AM
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