You’re considering opening a drive-thru franchise and are considering the best options. You’ve seen a lot about coffee franchises, but what about tea? People have been raving about all of its benefits and it seems like a good opportunity. However, only serving tea may not be your best investment.
Looking for the best tea franchise in the booming industry? Here’s how Scooter’s Coffee found success in the growing U.S. tea market.
Tea has become quite the hot commodity. According to Grandview Research, the global tea market was valued at $12.63 billion in 2018 and is expected to grow in the coming years. From 2019 to 2025, the global tea business is expected to see a compound annual growth rate (CAGR) of 5.5%. North America alone will see a higher growth rate at 5.9%.
Given the wide variety of teas, their accessibility through big-box stores and online retailers are main factors into the growth of the overall market. However, what’s really made tea popular are its health benefits. According to a number of studies, tea – in addition to being rich in antioxidants – can help:
As you consider investing in the tea industry, you can feel good about providing a product that not only tastes good but is good for you. You may be wondering, though, “Is offering tea really enough for a successful business?” In short, it would be wise to consider owning a coffee and tea franchise so you can capture a wider customer base.
Fortunately for those looking to invest in a coffee and tea franchise, the industry is doing quite well with no sign of slowing down in the coming years. According to a study, the global tea and coffee market was valued at $100.78 billion last year and is expected to reach a value of $112.03 billion by the end of this year – growing at a CAGR of 11.2%. Projections indicate the market will continue growing at a CAGR of 10.3%, and that by the end of 2026, the market will reach a value of $165.88 billion.
Scooter’s Coffee, a leading drive-thru coffee franchise also offers a variety of tea beverages. Offering black, white, green, herbal, chai, and matcha teas, Scooter’s Coffee serves some of the most popular tea varieties.
Now is a great time to join a growing industry. With Scooter’s Coffee, you’ll have access to a proven business model, industry professionals who can help you, and a whole network of franchisees to collaborate with.
Founded back in 1998 and franchising since 2001, our brand has the know-how and experience to continue our exponential growth in the market. Having opened our 300th store at the end of 2020, and our 400th at the end of 2021, our brand is on track to have 600 locations by the end of 2022.
Scooter’s Coffee started with a mission “to create an AMAZING experience for each person we serve” and that is our motto to this day. At the center of our business are our core values of Integrity, Love, Humility, and Courage, and we’re actively seeking entrepreneurs who share those same beliefs.
The initial startup costs to open a Scooter’s Coffee range between $794,000 and $1,264,500, including our franchisee fee of $40,000. Franchise candidates should have a net worth of $500,000 and at least $200,000 in liquid capital.
If you’re interested in joining the coffee and tea industry with Scooter’s Coffee, fill out this form, and one of our representatives will be in touch.