Modern MBA

Data

Odd One Out

An independent boba shop by UCLA that grosses $924,000 a year from a plaza with almost no passing foot traffic.

12 figures on Odd One Out, drawn from 3 Modern MBA case studies.

The figures

US dollars9

Against its own chart
Annual revenue against total operating costs · Revenue$924,0004th of 7 · top $1,950,000How much a haunted house actually makes
Annual revenue$924,0002nd of 4 · top $1,080,000Why bubble tea is so profitable
Average annual revenue per store$924,0002nd of 6 · top $1,080,000Why bubble tea is so profitable
Average customer spend, against other concepts covered on this channel$143rd of 9 · top $550Why nobody wants to own ice cream anymore
Average spend per order$143rd of 8 · top $15Why bubble tea is so profitable
Cheapest and most expensive drink on each menu, 2024 · Most expensive drink$8.501st of 3 · top $8.50Why bubble tea is so profitable
Average price of a drink at bubble tea shops on Sawtelle, 2024$6.413rd of 6 · top $7.28Why bubble tea is so profitable
Cheapest and most expensive drink on each menu, 2024 · Cheapest drink$4.502nd of 3 · top $5.25Why bubble tea is so profitable
Annual revenue against total operating costs · Operating costs−$600,0005th of 7 · worst −$1,482,000How much a haunted house actually makes

Percentages2

Against its own chart
Annual operating margin against big brands and other independent concepts covered on this channel35%2nd of 11 · top 40%Why nobody wants to own ice cream anymore
Store-level operating margin35%2nd of 8 · top 40%Why bubble tea is so profitable

Counts1

Against its own chart
Number of drinks on the menu, 2024296th of 7 · top 120Why bubble tea is so profitable

Case studies covering Odd One Out

Case study — Media & entertainmentHow much a haunted house actually makesA haunted house has six weekends a year to make its money back. The good ones out-earn Disney Parks on margin.12 min readCase study — Food & beverageWhy nobody wants to own ice cream anymoreUnilever, Nestlé and Kroger all owned the biggest brands in ice cream. All three decided it wasn't worth keeping.16 min readCase study — Food & beverageWhy bubble tea is so profitableA Sawtelle boba shop grosses $1.08M at a 30% store margin on $9 orders. The moat is the supply chain, not the brand.11 min read