The Spice & Tea Exchange to Open 15 AZ Franchises

Seeing an opportunity for growth in Arizona, The Spice & Tea Exchange, a gourmet retail franchise, has revealed plans to open 15 new locations in the state.

Scottsdale, Flagstaff, Chandler and Lake Havasu are among the St. Augustine, Fla.-based company’s current target markets, with plans to add more.

According to The Spice & Tea Exchange, its growth is driven by the approximately four in five U.S. consumers who drink tea – among them 87 percent of Millennials – in addition to the trend toward fresh and flavorful home cooking. The company’s stores permit customers to explore a wide variety of spices, teas, seasonings and gourmet gifts, and associates also hand-mix spice blends and guide shoppers through aromatic product displays. In addition, many locations have recently introduced a tea bar serving more than 30 exotic teas.

“In a digital world, The Spice & Tea Exchange customers appreciate an immersive, engaging shopping experience because it adds value and appreciation to the products they purchase,” noted Martin Amschler, EVP of franchise development and operations at the chain. “Guests are naturally drawn to our unique atmosphere and flavorsome aromas. In Arizona, franchisees will greet an unmatched portion of the U.S. population, as the concept favors bustling urban shopping districts, well-known shopping centers, and popular tourist markets with high foot traffic.”

As a franchisor, the company provides extensive training and such opportunities as financial backing from industry leaders and various revenue streams via retail and online sales.

Founded in 2008, The Spice & Tea Exchange operates more than 60 franchise stores in 28 states and the District of Columbia.