From its first-ever store in Germany to a new shop opened in a local
Spanish mall, the bubble tea brand's expanding support for
single-store partners is creating valuable business opportunities
in the region while driving its own expansion.
BIRMINGHAM, Sept. 20, 2024 /PRNewswire/ -- After making
single-store partnerships available earlier this year, premium
bubble tea franchise CoCo Bubble Tea is announcing major milestones
in Europe and the UK, along with
regional supply chain improvements to further assist partners. To
help entrepreneurs understand and access everything CoCo offers
franchise partners, the brand will attend The National Franchise
Exhibition on October 4-5 in
Birmingham, UK (Booth
T40).
To learn
more: https://www.coco-tea.com/Franchise
"CoCo does as much as possible for our franchisee network, and
our partners in Europe and the UK
have been phenomenal," commented Kody
Wong, Director of Business Development at CoCo Bubble Tea.
"Their drive and passion for bubble tea have resulted in a number
of 'firsts' for the region, and we've responded in kind by working
hard to further streamline supply chains and manage down
costs."
Distinguished for partner-centric approach
CoCo sets itself apart in the industry by focusing on the
long-term success of franchise partners and continuously improving
support. In March 2024, CoCo first
made single-store franchise partnerships available to individual
entrepreneurs in Europe and the
UK, while it also expanded region-dedicated supply channels and
training programs.
Recently, the brand further augmented supply chain
infrastructure in the region to maximize margins for partners. This
includes setting up a dedicated regional warehouse to minimize
shipping times for materials.
Single-store partners driving growth and localisation
Europe's bubble tea market
is projected to grow at a CAGR of 8% until
2032, and CoCo's single-store partners are helping the
brand to harness this growth. Since CoCo's move in March, European
and UK markets have reached major growth milestones. These include
opening new stores in:
- Glasgow
- Rome
- Antwerp
- Valencia
- Granada
- The first-ever CoCo Bubble Tea shop in Germany
For one new store in Spain,
upon opening in a local Spanish mall, the shop was met with
significant interest from nearby residents, demonstrating the
ability of CoCo Bubble Tea shops to seamlessly integrate into
European locales. With its extensive menu and R&D capabilities,
the brand can easily adapt to any consumer tastes, culture, and
community. Furthermore, recent openings in Spain show how the brand's shops bring value
to consumers while also fostering the growth of local economies and
businesses.
Why partner with CoCo
Operating with a franchise business model, CoCo Bubble Tea is
deeply invested in the entrepreneurs it partners with to open
shops. With over 5000 stores worldwide, CoCo combines its high
brand recognition with comprehensive support across supply chain,
training programs, and other areas to ensure the long-term success
of its franchise partners.
For further information, please join CoCo at Booth T40 at The
National Franchise Exhibition on October
4-5 in Birmingham, UK (The
National Exhibition Centre).
About CoCo Bubble Tea
CoCo Bubble Tea aims to create a diverse and sustainable
community for its consumers by providing visually refreshing
products. We continue to be one of the fastest-growing companies
and are looking for enterprising partners to join the CoCo Bubble
Tea franchise networks. Check CoCo Bubble Tea's official website
and start your application now.
For more information, please
visit https://www.coco-tea.com/.
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