Exciting news for boba tea lovers and aspiring entrepreneurs! CoCo Fresh Tea & Juice, a renowned boba tea brand, has recently unveiled its plans to cultivate and empower a new generation of young entrepreneurs through a range of franchise opportunities and resources.
This announcement comes just in time for the company's highly anticipated debut at the upcoming International Franchise Expo (IFE) in New York City, scheduled to take place from June 1-3, 2023.
The spotlight is on CoCo Fresh Tea & Juice as they introduce their limited-time franchise opportunities at the IFE.
By offering single-store franchises in the US market, the brand aims to attract a diverse range of entrepreneurs.
Whether you're a dedicated fan of milk tea or an experienced master franchisee, CoCo Fresh Tea & Juice welcomes you to join their growing network of stores across the country, satisfying the increasing demand for this refreshing beverage.
Find Out More About Franchising
For those interested in learning more about CoCo Fresh Tea & Juice and seizing the franchise opportunities, make sure to visit Booth #1128 at the upcoming IFE event held at The Javits Center in New York City from June 1-3.
The US market presents a promising landscape for CoCo Fresh Tea & Juice, with the current bubble tea industry valued at an impressive $640 million, and projected to witness exponential growth to $2.2 billion within the next decade—an astounding 300% increase.
The popularity of bubble tea, especially among the younger demographic fueled by platforms like TikTok, has contributed to this remarkable surge in demand.
Recognizing the tremendous potential for bubble tea franchisees and their brand, CoCo Fresh Tea & Juice is excited to be part of this cultural phenomenon, contributing to the growing acceptance of Asian culture in the US.
Kody Wang, Deputy Director of Business Development at CoCo Fresh Tea & Juice, shared his thoughts on the surge in demand, stating,
"We believe that the growing popularity of phenomena such as bubble tea and K-pop are contributing to a greater receptivity to Asian culture in the US, and we are thrilled to play a part in this."
CoCo Fresh Tea & Juice has been making significant strides in recent years, experiencing a remarkable growth rate of 142% from 3,500 stores worldwide in 2019 to an impressive 5,000 stores this year.
Notably, despite the challenges faced by the food and beverage industry during the pandemic, CoCo's North American stores demonstrated a robust growth rate of 12% in 2019 and 18% in 2020.
As the brand continues to flourish, CoCo Fresh Tea & Juice has witnessed a surge of interest from young entrepreneurs aged 35 and under, coming from diverse backgrounds, eager to establish their own bubble tea franchise business with CoCo.
In response to this growing interest, the company is launching new business models in the US, which will be showcased at the highly anticipated International Franchise Expo. During the event, CoCo Fresh Tea & Juice will emphasize single-store franchise opportunities, designed to minimize barriers to entry and promote inclusivity.
CoCo Fresh Tea & Juice's success lies in its thriving partner ecosystem. With a strong global presence and high brand recognition, CoCo's franchise stores are set up for success from the start. The brand provides an extensive supply chain, enabling franchise partners to stabilize costs.
Moreover, CoCo offers invaluable resources, including pre-opening preparation, daily operational support, comprehensive training, and ongoing communication with the head office. Onsite assistance is also available to ensure franchisees are fully equipped for success.
Your Thoughts
Are you budding young entreprenuer looking for the next opportunity? What do you think about the rise of Boba Tea as a viable business idea?
And if you're heading to the IFE, be sure to comment below and let us know!
----------------------
Love this? Go get NewsBreak stories delivered for FREE on your phone, download the NewsBreak App.
Got a story to share? Sign up as a contributor for FREE on Newsbreak to make money talking about your local area. If you use my links, I will receive a small commission (at no cost extra to you.).
Comments / 0