Americans have fallen in love with their customized beverages, from hot coffee and espresso-based drinks to frozen options, there is something to satisfy just about every craving and palette. Coffee not your cup of tea? Well then consider a franchise that focuses on beverages from the vast offerings available in teas. Either way, coffee and tea franchises are a great business opportunity for a savvy entrepreneur who has determined there is a market and a great location in his or her area.
In the 52 weeks ending July 9, 2017, U.S. private label single-cup coffee sales was $735.4 million.
SOURCE: IRI; Store Brands
Wholesale tea sales in the U.S. was $12 billion in 2016.
The hot drinks market is expected to grow annually by 2.9% between 2017 and 2021.
In relation to total population figures, hot drink per person revenues were $52.85 in 2017.
IRI; Store Brands
Success in a coffee, espresso or tea franchise depends on providing great tasting beverages in a timely fashion from a convenient location. Your options for this franchise include focusing on coffee and espresso-based drinks, beverages from the many varieties of tea available or a location that incorporates both coffee and tea drinks. To ensure that your business thrives, however, the key is to concentrate on taste and efficiency to create loyal customers.
Offering a gathering place that is comfortable, where people can get a great tasting beverage, as well as a delicious pastry or goodie, a coffee or tea franchise provides a viable route to business success. When you decide to pursue a coffee or tea franchise, you will have the backing of a successful business model to guide you in matters from sourcing delicious coffee to marketing. All of which allows you to focus on giving customers excellent service that will ensure they keep coming back for more.
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