Articles from Gong cha
Gong cha Climbs Over 100 Spots in Entrepreneur Magazine’s Highly Competitive Franchise 500 ® List, Ranking #181
Gong cha, the world’s premier bubble tea brand, improved its ranking in Entrepreneur magazine’s Franchise 500® by 115 spots, soaring to #181 from its 2024 ranking of #296. Gong cha also retained its title as the #1 franchise in the Tea category for the fourth consecutive year. For 46 years, achieving placement on the annual Entrepreneur Franchise 500® has been a highly sought-after honor in the franchise industry, recognizing outstanding performance in areas including unit growth, financial strength and stability, and brand power.
By Gong cha · Via Business Wire · January 14, 2025
Gong Cha Americas Appoints Mark Treptow as Vice President of Franchise Sales & Development
Gong cha, the world’s premier bubble tea brand with more than 230 locations throughout 20 states as well as Washington D.C. and Puerto Rico in the U.S., and nearly 2,200 stores across the globe, is pleased to announce the appointment of Mark Treptow as Vice President of Franchise Sales & Development for the Americas. A seasoned executive in franchise sales and development, Treptow brings a wealth of experience, and a track record of transforming emerging restaurant concepts into large national and international brands.
By Gong cha · Via Business Wire · August 1, 2024
Gong cha Signs 30 Unit Agreement for Puerto Rico With Large Multi-Brand Operator
Gong cha, the world’s premier bubble tea brand with nearly 2,200 locations across 24 countries, is pleased to announce the signing of a 30 unit development agreement in partnership with SID Tea LLC. Led by a group of experienced QSR franchisors—including Jose Vazquez, former Vice President of the Puerto Rico Chamber of Commerce, and former President of ASORE (the Puerto Rico Restaurant Association)—the deal comes on the heels of a successful entry into the Puerto Rico market, with the opening of the island’s first two stores in San Juan and Manatí in spring 2024. The team is on track to open two additional stores this summer, and a fifth by the end of 2024.
By Gong cha · Via Business Wire · June 27, 2024
Gong Cha Announces Introduction of Direct Franchising & the Signing of Its First Direct Franchisees
Gong cha, the world’s premier bubble tea brand with over 2,200 locations across 23 countries, is pleased to announce the official launch of its direct franchising program, marking the second phase of its expansion strategy in the Americas. Since 2014, Gong cha has opened more than 225 stores across 20 states, including Washington D.C., and has sold approximately 65% of available territory using an innovative master franchise model. As Gong cha enters its 10th year of franchising in the U.S., the brand will begin offering direct franchising for its remaining U.S. territories, including Hawaii, Arizona, Nevada, Illinois, and Tennessee, amongst others, to further accelerate its rapid growth.
By Gong cha · Via Business Wire · March 19, 2024
Gong cha Ranks #1 in Category in Entrepreneur Magazine’s Highly Competitive Franchise 500® List for Third Year in a Row
Gong cha, the world’s premier bubble tea brand, was recognized for the third year in a row as one of the top 500 franchises in Entrepreneur magazine’s Franchise 500®, the world’s first, and most comprehensive franchise ranking. For 45 years, landing a spot on the Franchise 500® has been a highly sought-after honor in the franchise industry, highlighting a brand’s strength and stability for potential franchisees. Gong cha was ranked #1 in the Tea category for the third consecutive year, owing to its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
By Gong cha · Via Business Wire · January 16, 2024
Gong cha Signs Two New Master Franchisees Across the Americas
Gong cha, the world’s premier bubble tea brand with over 2,100 locations across 23 countries, is pleased to announce the signing of two new master franchisees (MFs), awarding the territory rights for the Great Pacific Northwest (Washington, Oregon and Idaho), as well as Central America. The two deals are projected to grow Gong cha’s presence in the Americas by more than 100 stores.
By Gong cha · Via Business Wire · December 11, 2023
Gong Cha Climbs 42 Spots on Franchise Times’ Distinguished Top 400 List
Gong cha, the world’s premier bubble tea brand, was recognized as one of the top 400 franchises in the U.S. on Franchise Times' distinguished Top 400 List. The annual ranking analyzes the largest U.S. franchise systems by industry sector, based on global systemwide sales growth and the past year's performance. Reflecting the tremendous growth the brand has experienced in the previous year and a 16.5% sales increase, Gong cha improved its position from #193 in 2022 to #151 in 2023, climbing the list by a remarkable 42 spots.
By Gong cha · Via Business Wire · October 9, 2023
Gong cha Makes Key Leadership Hires to Accelerate US & Global Expansion
Gong cha, one of the fastest growing bubble tea brands with more than 190 locations in the U.S. and 1,900 locations in 22 countries worldwide, is expanding its global and American leadership teams. The three new organizational leaders are joining at an exciting time in the brand’s U.S. and international expansion, and will continue to help Gong cha meet its aggressive growth goals. Gong cha was recently awarded the Top Food & Beverage Franchise at the 2023 Global Franchise Awards. The company is projected to achieve 40% YOY store growth globally in 2023 and by 2025, the brand is expected to exceed 500 stores across the U.S. alone.
By Gong cha · Via Business Wire · March 21, 2023
Gong Cha Makes Key Hires to Fuel Expansion Across the Americas
Gong cha, the world’s premier bubble tea brand with more than 1,900 locations in 22 countries worldwide, is expanding their Gong cha Americas, Inc. team with the addition of four new experienced organizational leaders who bring deep expertise in the franchising industry. Underpinning Gong cha’s 2030 Global Strategy, the new roles will continue to help the brand meet its aggressive growth goals across North and South America, including in the U.S., Canada, Mexico, and Latin America. In the U.S., Gong cha currently has more than 190 stores across 18 states and Washington, D.C. In 2023, Gong cha is projected to achieve 40% YOY store growth, and by 2025, the brand is expected to exceed 500 stores across the U.S.
By Gong cha · Via Business Wire · January 18, 2023
Gong cha Ranks #1 in Category in Entrepreneur’s Highly Competitive Franchise 500® for Second Year in a Row
Gong cha, the world’s premier bubble tea brand, was recognized as one of the top 500 franchises in Entrepreneur magazine’s Franchise 500®, the world’s first, and most comprehensive franchise ranking. Regarded as an invaluable resource for potential franchisees, the List ranks Gong cha as #1 in the Tea category for the second year in a row for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
By Gong cha · Via Business Wire · January 11, 2023
Gong cha Continues Strong Growth Trajectory With Record Store Increase and Expansion Across Three Key U.S. Regions
Gong cha, the world’s premier bubble tea brand with more than 1,900 locations in 22 countries worldwide, is continuing its rapid growth in the U.S. In 2022, the brand grew its store count 35% YOY, opening 50 new locations, and expanding into three key territories, including the Midwest, the Rockies, and the South Central regions. Gong cha currently has more than 190 stores across 17 states and Washington, D.C and is projected to grow its store count by an additional 40% in 2023—adding 80 new locations—and is on target to exceed 500 U.S. stores by 2025. The brand will also mark a milestone this summer, celebrating the opening of its 2000th store worldwide. Additionally, in 2022 Gong cha brought on new Global CEO Paul Reynish. With over 25 years of executive leadership experience in the international franchise industry, Reynish has begun to implement new plans to accelerate the brand’s growth, drive operational excellence, and maximize franchise profitability.
By Gong cha · Via Business Wire · January 5, 2023
Gong cha Appoints New Global CEO Paul Reynish
Gong cha, the world’s premier bubble tea brand, announces the appointment of its new global CEO, Paul Reynish, marking the acceleration of the company’s rapid U.S. and international expansion. Reynish succeeds outgoing interim global CEO, Gong cha Founder & Chairman Martin Berry, and assumed responsibilities on July 15, 2022. Berry will remain in his role as Gong cha Chairman. Based in Gong cha’s London headquarters, Reynish brings more than 25 years of international executive leadership experience at the world’s top food and beverage franchise companies including Dunkin’, Subway, Burger King, and Five Guys.
By Gong cha · Via Business Wire · August 1, 2022