The parent company of the Grand Havana Cafe, Grand Havana Coffee and Grand Havana Food Service and Coffee-Equipment Sales brands has hailed the loosening of Covid-19 trading restrictions for US hospitality businesses as it posts strong 2021 revenue growth
Grand Havana says a loosening of Covid-19 trading restrictions in the US boosted sales in 2021 | Photo credit: Grand Havana inc.
Grand Havana Inc. has emerged from the pandemic in a strong position after the loosening of Covid-19 trading restrictions for its hospitality customers in the latter half of 2021.
The coffee wholesaler posted annual revenue growth of 152% for the year without disclosing additional financial data.
The owner of the Grand Havana Cafe, Grand Havana Coffee and Grand Havana Food Service and Coffee-Equipment Sales brands said 2021 had also seen a collaboration with restaurant chain Halfmoon Empanadas at Miami International Airport, an equipment financing agreement with Marlin Financial and a lowering of debt with its legacy shareholders.
Acknowledging challenges for the year ahead, the company cited ongoing staff shortages and inflationary pressures as potential headwinds.
“Our focus in Grand Havana is to continue to make progress on growth initiatives, enhancing our menu and adding new cafes all along while selling more coffee. As part of our efforts to continue triple-digit revenue growth, we are successfully working on new menu offerings that are more efficient. The new menu is expected to significantly reduce costs while increasing sales. Industry-wide staff availability challenges continued in the fourth and first quarter of 2022. Our proactive action plans included hiring incentives and benefit enhancements,” said Tanya Bredemeier, CEO, Grand Havana Inc.
Founded in Miami, USA, in 2015, Grand Havana was began trading as a coffee wholesaler for the food service and hospitality industries. The company launched a range of retail packaged coffee in 2020 and distributes its products through Sysco, Ambassador Foods and Amazon. It also operates a brick-and-mortar café and mobile truck outlet.