"Queens, New York-based For Five Coffee Roasters says it has raised a new round of growth capital to accelerate national expansion through additional roasting capacity, more cafes and wholesale and hospitality growth."
"The company, founded by Stefanos Vouvoudakis and Tom Tsiplakos in 2010, currently has 40 retail locations throughout the United States, including 21 standalone cafes and 19 locations within corporate and hotel venues, plus 12 additional locations under development."
"In addition to operating cafes and roasting for wholesale clients from its Maspeth, Queens, roastery, For Five has tied much of its retail growth to high-traffic commercial real estate in large U.S. markets."
""We've built For Five with a relentless focus on execution, quality, and the guest experience," Vouvoudakis, who serves as CEO, said. "With the support of our new partners, we're ready to take the brand to the next level - further expanding our footprint and introducing a new standard for hospitality in the luxury coffee space.""
For Five Coffee Roasters, based in Queens, New York, raised new growth capital to accelerate national expansion. The funding will support additional roasting capacity, more retail cafes, and growth across wholesale and hospitality channels. Founded in 2010 by Stefanos Vouvoudakis and Tom Tsiplakos, the company operates 40 U.S. retail locations, including 21 standalone cafes and 19 in corporate and hotel venues, with 12 more locations under development. The investment was led by Nicholas Karalis and Michael Bapis, who joined the company’s board. For Five roasts in Maspeth, Queens, and ties retail growth to high-traffic commercial real estate. The company has more than 300 employees.
Read at Daily Coffee News by Roast Magazine
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