Capital Teas to double the number of stores next year
Capital Teas plans to double the number of outlets in 2015, using the $5 million cash injection from a private investment firm for aggressive expansion. The Annapolis-based tea retailer received $2.5 million this year, which helped fund several new store, bar and micro-store openings. Next year, Capital Teas aims to add up to a dozen new stores thanks to the second installment of $2.5 million, with locations planned in Baltimore / Washington International Thurgood Marshall Airport, L'Enfant Plaza subway station in Washington, DC and in Princeton, NJ. The type and size of each new store will reflect the local space and demographics.