The Coffee Bean & Tea Leaf
| The Coffee Bean & Tea Leaf | |
|---|---|
| Missing image Coffeebeanlogo.gif | |
| Type | Private |
| Founded | In 1963 in Brentwood, California |
| Location | Los Angeles, California |
| Key people | Sunny Sassoon, CEO Melvin Elias, COO |
| Industry | {{{industry}}} |
| Products | Coffee Bean and Tea Leaf Ice Blended |
| Revenue | {{{revenue}}} |
| Website | coffeebean.com |
Coffee Bean & Tea Leaf is a Los Angeles-based coffee chain founded by Mona and Herbert Hyman, one of the oldest and largest privately-held chain of specialty coffee and tea stores. The first store opened in the Los Angeles neighborhood of Brentwood in 1963. It now has stores all around the Southwest United States and expanding to Hawaii. A franchise purchase by the Singaporean entrepreneur Victor Sassoon in 1996 opened "Coffee Beans" throughout Southeast Asia. It now has more than 300 locations around the world.
Coffee Bean stores differ from other coffee chains such as Starbucks with their broad selection of tea drinks. It also popularized Ice Blended drinks and Chai Lattes.
Operated by International Coffee & Tea LLC, the company had sales revenue of $110 million in 2003. It recently partnered with SBC to implement wireless internet connections at 144 locations. Franchises exist mainly overseas with domestic locations largely company-owned.
Trivia
- Most, if not all, of the products at "the Bean" are certified as Kosher.
- Unlike Starbucks, Coffee Bean has fared fairly well in its entry into the Israeli coffee chain market. This can be attributed to its kosher food selection and the fact that it allows its patrons to smoke.
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