This Washington D.C.-based beverage company is the first bubble tea concept on this year's Future 50 ranking. It is an old chain, particularly for a bubble tea brand, and is the largest concept on the ranking by unit count, with 135 locations. But though it has been around for a while, it has taken off more recently as the bubble tea phenomenon has grown. System sales have averaged 37% growth the past three years, and it generated nearly $47 million in sales in 2021.
Location | Wilmington, Del. |
---|---|
2021 Systemwide Sales ($000,000) | $47* |
YOY Sales Change | 53.4% |
2021 U.S. Units | 135 |
YOY Unit Change | 36.4% |
2021 Average Unit Volume ($000) | $400* |
Future 50 Year | 2022 |
Franchising | Yes |
*Technomic estimate
For more insights from Technomic as well as Technomic’s analysis, growth forecast and more: