Capital Teas Debuts at #1686 on the Inc. 5000 in the midst of National Expansion
ANNAPOLIS, Md., Aug. 19, 2016 /PRNewswire/ -- Capital Teas®, a leading American specialty tea retailer, has earned the position of #1686 on the Inc. 5000 list of the fastest-growing private companies in America. With its inclusion in this exclusive club, Capital Teas joins such prestigious companies as Under Armour, Microsoft, Oracle, Zappos, and other distinguished Inc. 5000 alumni.
The Annapolis, Maryland-based company accomplished this achievement while continuing accelerated expansion with new stores and new markets. Capital Teas recently opened at The Mall at University Town Center in Sarasota, Florida. An additional Florida store is set to open within weeks at Miami International Mall, and shortly after that, Capital Teas will open at the Ft. Lauderdale Galleria, its 5th store in Florida and 23rd store overall.
While still bolstering its strong presence in the mid-Atlantic region, Capital Teas has exciting plans for new markets. Capital Teas will open in Denver at the Cherry Creek Mall in fall of 2016. Capital Teas will also be unveiling its first location in Nashville, Tennessee in early 2017 at The Mall at Green Hills, and will continue to expand nationally.
"Making the Inc. 5000 was a thrilling moment for all of us at Capital Teas, and we're excited to know we finished in the top half," said Peter Martino, CEO of Capital Teas. "We owe much of our success to our focus on providing customers with the best teas and tea-ware – in fact, a recent survey showed that 87% of respondents chose 'High-Quality Tea Selection' as the #1 attribute associated with Capital Teas." Martino added, "We're eager to open additional stores in Florida, Colorado, and Tennessee, while continuing to improve all aspects of Capital Teas, from tea and product selection, to enhancing consumer and staff happiness and well-being."
In addition to its inclusion in the Inc. 5000 and the plans for new locations, Capital Teas will soon introduce its fall tea lineup at its stores. This includes exciting new teas such as Dark & Stormy™ (organic) and Mexican Hot Chocolate™ (organic), and also returning seasonal favorites Pumpkin Spice Oolong™ (organic) and Pumpkin Chai Rooibos™.
A haven for tea lovers and novices alike, Capital Teas carries more than 200 loose teas and infusions on its website, and offers 60 varieties in its stores, where the majority are USDA organic. The company encourages its customers to "Stop and smell the teas™" at its unique, multi-sensory sniffing stations that are filled with its premium, natural and organic teas and infusions from around the world. It is also known for its exciting collection of modern, elegant, and unique tea-ware for consumers.
About Capital Teas, Inc.
Capital Teas was founded by Peter and Manelle Martino in 2007. Until mid-2010, it operated one small retail store in Annapolis, Maryland. Since then, the company has continually grown at a rapid pace. The recipient of private funding totaling $11.0M over the past two years, Capital Teas more than doubled its revenue last year and plans to maintain a compounded annual growth rate of over 100%. Today, Capital Teas retail stores stretch from New Jersey to Florida along the U.S. East Coast. The company also ships teas to loyal patrons in all 50 states plus several international locations from its 8,000 sq. ft. headquarters and distribution center in Annapolis, Maryland. The company maintains one of the largest specialty tea collections with 200+ organic and natural teas and infusions from around the world, including unique Capital Teas blends. With an ever-growing base of retail stores and a strong web presence, Capital Teas executes its mission daily by educating people and inspiring lives through the wonders of tea, one cup at a time. See www.CapitalTeas.com.
Media Contact: Adam Levin-Epstein, Capital Teas, Inc., 410-263-4555, [email protected]
SOURCE Capital Teas, Inc.
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