Founded in Atlanta in 1997, Teavana aims to spread the gospel of tea via company-owned stores that it describes as "part tea bar, part tea emporium." Often referred to as "the Starbucks of tea," the chain sells loose-leaf tea, tea-based drinks and tea-oriented merchandise. Founders Andrew and Nancy Mack pioneered the mall-based tea shop concept, which is so focused on its core product that it doesn't offer food.
|2007 Systemwide Sales||$32,500,000*|
|% Change in Sales||47.7%|
|2007 U.S. Units||62|
|% Change in Units||24.0%|
|2007 Average Unit Volume||$590,000|
|% Change in AUV||2.6%|
|Future 50 Year||2008|