“New entrant Gong Cha is No. 156 on our list with $400 million in systemwide sales in 2020 from 1,500 units. The Taiwanese bubble tea café, largely marketed toward Gen Zers, was acquired by a Boston-based private equity firm in 2019.”
“New entrant Gong Cha is No. 156 on our list with $400 million in systemwide sales in 2020 from 1,500 units. The Taiwanese bubble tea café, largely marketed toward Gen Zers, was acquired by a Boston-based private equity firm in 2019.”
Gong cha is an international beverage franchise specializing in freshly prepared premium tea, bubble tea and coffee. With a successful business model and proven track record, it has opened over 2000 stores in 23 countries.
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