A new business model focused on providing high-quality coffee and from designated sources has started operations in Costa Rica, aimed at discerning consumers.
Five coffee shops have started up using this business model which allows consumers to choose the origin of their coffee and choose among five methods of extraction of the beverage. These new coffee shops "... guarantee the customer a drink from a designated source, which is gourmet quality and assured to have the features they are looking for."
The company has applied for deregistration as an issuer of local stock on the market and will be accessing cheaper forms of financing in overseas markets.
The Britt Group has deregistered as an authorized issuer of publicly offered securities in the Costa Rican stock market, because the company wishes to seek financing in foreign markets which have lower interest rates and better costs. It is expected that in April they will be fully out of the market, meanwhile, the company "... will exercise the option of Early Redemption of 100% for standardized dollar debt bondholders."
The Costa Rican company has announced it will be opening five stores in Guayaquil airport and has signed contracts to operate at air terminals in Guatemala City and Montevideo and Punta del Este in Uruguay.
For the expansion of its operations, Grupo Britt has invested about $5 million, which will come from both equity and bank financing. Including these projects, there will be 13 countries where the company operates.
Local businesses and international franchises are looking to differentiate themselves focusing on service and the quality of coffee in a market which, in the opinion of competitors, is not yet saturated.
There are now several local and international brands entering the coffee market in Costa Rica, including Britt Group, Starbucks, Café Art & Spoon, who in 2014 opened new outlets and projects that in 2015 there will be continued expansion offering consumers different concepts.
The company is currently installing two new stores in the resort Hotel Paradisus Playa Conchal in Guanacaste.
The economic crisis has indeed caused a decline in the arrival of tourists to the Hotel Paradisus Playa Conchal resort, but the General Manager of Café Britt, Pablo Vargas, is “convinced that once the crisis ends the harvest from the current investments will bring better fruits,” according to Elfinancierocr.com.
As the sixth store opens at the Santiago airport, plans to open the first location in Antigua island is coming together.
With an investment of $1 million, the Costa Rican company, Coffee Britt, inaugurated a store called "Rumbo Sur" at the Santiago, Chile airport two weeks ago. The store is 260 square meters, and it is situated next to a 60 square meters mini-market.
Sustainable 70 Acre Coffee Farm, San Ramon, Costa Rica Coffee Estate, development property with 20 titled lots, ready to develop with roads, water and power. Great Location, close to everything. Ideal area for living or developing an ecologically...
I have six building lots in the Punta Leona Resort ready for construction. I am looking for a partner to provide financing and or construction. Wanted partner for financing and/ or construction in the...
Generates business opportunities by linking supply and demand of goods and services between Central America and the rest of the world.
Operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 225 4786