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  • Writer's pictureBy The Financial District

Chatime Taps FranDevCo For U.S. Expansion

In a move set to make waves in the franchise industry, FranDevCo, a franchise development powerhouse, has unveiled its latest partnership with Chatime, a renowned global leader in the fast-growing bubble tea sector.

Chatime, a leading global Bubble Tea Company looks to FranDevCo to lead its Franchise Development in the US. I Photo: FranDevCo.

Chatime, founded in Taiwan in 2003, has rapidly expanded to boast over 1,450 stores spanning 62 countries across seven continents. With the recent launch of its first corporate location in Los Angeles, California, Chatime is set to revolutionize the way Americans sip their tea.

The first Chatime location in the US has opened its doors at the Westfield Culver City Shopping Center, offering a taste of the globally acclaimed bubble tea.

Two more stores are in the pipeline, set to open in Fashion Centre Torrance and Westfield Fashion Square Sherman Oaks.

As Chatime's domestic expansion gains momentum, it's becoming increasingly evident that the brand is fulfilling its mission to transform the tea-drinking experience, making it both fun and accessible for customers.

FranDevCo's President and CEO, Sung Ohm, expressed optimism about the partnership: "FranDevCo's team of experienced franchise experts paired with Chatime's popular appeal and global standing will create more opportunity to bring a unique boba and beverage experience to communities across North America."

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Chatime, already one of the world's largest bubble tea brands, strengthened its market position in 2019 with the acquisition of TEN EN TAPIOCA FOODS CO., LTD., the largest Taiwanese tapioca pearl manufacturer.

This strategic move enabled Chatime to achieve vertical integration, quadrupling its stock value in 2019 from its mother company, La Kaffa. With robust supply chain resources, cutting-edge technology implementation, and a global team of tea professionals, Chatime is poised to dominate the global bubble tea market.

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Carlos Antonius, CEO of Chatime, highlighted the importance of the partnership with FranDevCo, emphasizing their commitment to expanding in the US and delivering a unique boba and beverage experience to customers.

Antonius further noted that their support team is well-equipped to guide new franchisees toward success in the rapidly growing bubble tea market.

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The worldwide bubble tea market is expected to continue its impressive growth, with a projected Compound Annual Growth Rate (CAGR) of 7.41% from 2023 to 2031, reaching a market worth of $3.84 billion.

This expansion aligns with the increasing trend of health-conscious consumers seeking alternatives to sugary sodas and high-calorie drinks, with many Chatime locations offering sugar-free syrups and dairy-free or soy-based milk replacements.

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FranDevCo, known for providing outsourced franchise development services to national and international brands, plays a pivotal role in helping these brands expand their footprint.

The company facilitates the entire franchise sales process, from initial lead generation to closing deals, while working closely with franchisors to perfect their development strategies and drive explosive growth.

As FranDevCo adds Chatime to its portfolio of partner brands, the stage is set for an exciting and lucrative journey in the booming bubble tea industry.

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