LOS ANGELES, U.S. — The Coffee Bean & Tea Leaf, one of the world’s leading roaster and retailers of specialty coffee and tea, announced today that it is returning to New York City through its new franchisee, Hudson River Coffee & Tea, a venture of outstanding operators, developers and real estate experts.
Hudson River Coffee & Tea will open 100 franchise locations of The Coffee Bean & Tea Leaf® stores across prime real estate in New York City, beginning with Manhattan later this year.
“The Coffee Bean & Tea Leaf® has never wavered from delivering quality and innovative coffees and teas from around the world,” said Pinchas Shapiro, chief executive officer, Hudson River Coffee & Tea. “We’re thrilled that Hudson River Coffee & Tea has the opportunity to bring this iconic brand to the New York market.”
To date, the beloved Los Angeles-based chain has 311 stores in the United States and more than 1,200 locations across 30 countries worldwide. New York marks the 14th state to welcome The Coffee Bean & Tea Leaf®.
“New York has always been an important market for us,” said JJ Smith, vice president, franchise operations & business development, The Coffee Bean & Tea Leaf®. “Hudson River Coffee & Tea’s successful track record and expertise in real estate development makes it the ideal franchisee to bring The Coffee Bean & Tea Leaf® to coffee and tea-loving New York City.”
“The Coffee Bean & Tea Leaf® has maintained a steady growth rate over the past several years,” said John Fuller, chief executive officer, The Coffee Bean & Tea Leaf®. “The return to New York is not only an indicator of our core strength as a leading roaster and retailer of coffee and tea, but also a strong indicator of our customers’ deep-rooted brand loyalty that exists across the globe.”
New York City is a competitive and highly desirable market for any coffee retailer. According to a recent poll, 62 percent of New Yorkers consume coffee on a daily basis, and of coffee drinkers, 60 percent have more than one cup a day (Siena College Research Institute, 2018).
