The parent company of a global coffee chain wants to make its way into the Philadelphia market, which was named among the top U.S. markets poised for restaurant growth. One expert says the stable interest in coffee in the United States and the chain's offerings could help its growth.
Philadelphia has been named among QSR magazine's Growth 40 report, an annual listing of the 40 U.S. markets "best positioned for quick-service restaurant (QSR) expansion," according to the publication.
Philadelphia has more than 8,500 QSRs and about 105 QSRs per 100,000 people, according to the magazine, which said QSR traffic in Philadelphia is projected to increase 1 percent between 2016 and 2021, making it one of the most attractive large U.S. markets for growth.
That growth is one reason why parent company of coffee chain Gloria Jean's Coffees has set its sights on — and is actively pursuing — opportunities in the Philadelphia region for the first time.
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