Oribe Tea LLC | Application Preview
Oribe Tea LLC is seeking government grants to secure agricultural land for farming its own tea ingredients. The funding will be used strategically to enhance the business's growth through several key initiatives:
1. **Expansion of distribution** across the U.S., where Oribe Tea is already featured in major retailers like Costco and Safeway, particularly in Hawaii.
2. **International export** plans to Japan, Taiwan, and Hong Kong.
3. **Establishment of a tea farm** near Volcanoes National Park, which will also include a gift shop and a restaurant specializing in tea-inspired pastries, alongside serving and selling their teas.
4. **Opening a retail store** in Honolulu exclusively for their tea products.
The reasons for funding approval highlight Oribe Tea's proven success, with business growth nearly doubling each year for the past three years. The brand enjoys popularity not just in Hawaii, but also among tourists who continue to place orders online post-visit. They occupy a unique niche in the market with their cold brew teas, which are praised for their ease of preparation and excellent taste.
In terms of competition, Oribe Tea faces local brands such as Shaka Tea, Hobbs Tea, and Hawaiian Islands Tea Company, each with their own specialized products. However, Oribe Tea's competitive edge lies in its focus on Hawaiian cold brew teas, made using locally sourced ingredients, providing a convenient and flavorful choice for consumers.
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General Information
Business Registration Number: 47-4081791
Location: Hilo, HI, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: $500k to $1M
Annual Gross Expense: $500k to $1M
Open to Loans: YES
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Funding Usage
Buy agricultural land to begin farming our own tea ingredients used in our tea blends
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Business Plan
1. Expand distribution across the U.S. (we are already carried in major chains like Costco, Safeway and others in Hawaii). 2. Begin exporting to Japan, Taiwan and Hong Kong 3. Start our own Tea farm near Volcanoes National Park and build a gift shop/Restaurant on the premise that specializes in making tea inspired pastries like matcha tiramisu, green tea roll cake, Earl grey iced loafs. And of course, serve and sell our teas! 4. Open a Retail Store in Honolulu that sells our teas 1. We have a track record of success- Our business has nearly doubled in size 3 years in a row. 2. Our brand is popular in Hawaii and with visitors to Hawaii who order online once they go home 3. We fill a niche- we’re known for our cold brew teas which are the easiest iced tea to make, and they taste great.
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Self Identified Competition
Shaka Tea- a local Hawaiian tea company that specializes in Mamaki tea and in particular bottled, zero sugar teas. Hobbs Tea- A Hawaiian hot tea brand that sells packaged tea bags Hawaiian Islands Tea Company- A company that makes Hawaii fruit flavored teas and sell packaged tea bags. We specialize in Hawaiian cold brew teas. Iced teas that are simple to make and take the work out of it. Our flavors use ingredients sourced from Hawaiian Farmers.
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Contact Applicant
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