As everyone in the industry knows, catering has always been one of the fastest growing industries in China. The 2009 China Catering Industry Analysis and Investment Consulting Report pointed out that the total catering market in China was 5.4 billion yuan in 1978, and then it grew at an average annual rate of 30.5%, reaching 1.5 trillion yuan in 2008. At this rate, it will reach 7 trillion yuan in 20 18 years and 10 trillion yuan after 2020. Even if this speed drops, the total market in 2020 will not be less than 7 trillion yuan. Mr. Xiong Xuhua, the founder of bubble hot pot brand, has a good look at this powerful market. With this idea, Mr. Xiong Xuhua began to study the bar of fast food from all levels and angles. He thinks this is a good opportunity. There are huge business opportunities in this small pot, which he has been looking for and can struggle for a lifetime.
Since its establishment, Paopao Hot Pot has opened more than 80 franchise stores nationwide in three years, and there are also 9 franchise chain stores in Beijing, which are distributed in major business districts, and business is booming every day!