Coffee Bean & Tea Leaf

The Coffee Bean & Tea Leaf is a well-established specialty coffee and tea retailer with a rich history that began in Los Angeles in 1963. Founded by Herbert B. Hyman, the company initially served premium coffee to local offices before opening its first retail store in Brentwood in 1968. This early transition into retail set the stage for its growth, as the brand became known for freshly roasted beans and a unique customer experience that allowed patrons to sample products before purchasing.

A significant milestone in the company's journey was the creation of the Ice Blended® drink in 1987, which became a signature offering and spurred rapid expansion. The Coffee Bean & Tea Leaf's dedication to quality and innovation helped it carve out a distinct niche in the competitive coffee market. The brand's international presence began to take shape in 1996 when the Sassoon brothers acquired franchise rights for Asia, leading to swift openings in Singapore and Malaysia. By 1998, they had acquired the entire company, further propelling its global growth.

As of December 2023, The Coffee Bean & Tea Leaf operates 1,164 stores in 24 countries, including key markets like the United States, South Korea, the Philippines, Malaysia, Israel, and India. The acquisition by Jollibee Foods Corporation in 2019 provided a substantial boost, enabling further international development and expansion into high-growth regions such as Asia, the Middle East, and select areas in the United States and Europe.

Today, the company's diverse menu includes specialty coffees, hand-picked whole-leaf teas, bakery items, and branded merchandise. Its stores are strategically located in bustling urban centers, shopping malls, and airports, appealing to a wide range of coffee and tea enthusiasts. The Coffee Bean & Tea Leaf is recognized for its operational efficiency and customer-focused service, along with social initiatives like the Caring Cup® program.

For commercial real estate professionals, The Coffee Bean & Tea Leaf stands out due to its scale, credibility, and adaptable store formats, which range from full-service cafes to kiosks. Its ongoing expansion and strong brand reputation make it an attractive tenant for landlords and developers looking to enrich their retail offerings with a trusted and internationally recognized operator.