"I own Heritage Hospitality Group in Chicago, and we've been around since 2011. It started as a bicycle manufacturing company, and I paired that with a café. I did that for a few years as I pursued my interests throughout the hospitality industry. We now have five different brands: Froth, Heritage Outpost, Heritage Bikes & Coffee, Larry's, and Bunker. I love the customers."
"It feels like tariffs are hitting almost every aspect of the business Any bicycle parts, anything coming from overseas, that's getting hit, whether it's tariffs or lack of inventory at this point, because the wholesalers don't have it either. Coffee bean prices have obviously gone up. Tariffs on South America, Brazil in particular, have carried that weight of the tariffs. Even things like cups, paper goods, anything that we rely on - essentially, nothing's m"
Michael Salvatore founded Heritage Hospitality Group in Chicago in 2011, evolving from a bicycle manufacturing company paired with a café into five brands: Froth, Heritage Outpost, Heritage Bikes & Coffee, Larry's, and Bunker. He values customers, employees, and creative experimentation with food and drinks. The company navigated the uncertainty and shutdowns of COVID by pausing operations and reorganizing. Current economic pressures from inflation, policy uncertainty, tariffs, and inventory shortages now threaten margins and operations. Tariffs and supply constraints affect bicycle parts and imported goods, raise coffee bean prices, and increase costs for cups and paper goods, impacting nearly every aspect of the business.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]