The private equity owners of The Coffee Bean & Tea Leaf could consider floating or selling the business in the next few years.
The chain also plans to accelerate its expansion in southern California and north Asia to achieve the goal of doubling its revenues to $1bn in five years, Coffee Bean CEO Mel Elias told Reuters.
Last month global buyout house Advent International and CDIB Capital bought a significant stake in international Coffee & Tea, the owner and operator of The Coffee Bean & Tea Leaf chain.
Elias said, “This is what I call the growth inflection point for Coffee Bean. The Sassoon family looked at the consolidations that were happening in the market place since valuation in this space is at an all-time high.
“We are not at this juncture ruling anything out. So anything being strategic sale, being initial public offering, anything is on the cards.
He added that the company could be listed in the US or on an Asian stock exchange.
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