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.
Did You Know?
In the 52 weeks ending July 9, 2017, U.S. private label single-cup coffee sales was $735.4 million.
SOURCE: SOURCE: IRI; Store Brands
Wholesale tea sales in the U.S. was $12 billion in 2016.
SOURCE: SOURCE: Statista
The hot drinks market is expected to grow annually by 2.9% between 2017 and 2021.
SOURCE: SOURCE: Statista
In relation to total population figures, hot drink per person revenues were $52.85 in 2017.
SOURCE: SOURCE: Statista
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