Reborn Coffee Approved as U.S. Franchisor, Sets Stage for Expansive Growth Across U.S. Markets
January 23 2025 - 7:31AM
Reborn Coffee Inc (Nasdaq: REBN), a leader in the specialty coffee
market, today announced its official approval as a franchisor in
the United States. This landmark achievement sets the stage for an
ambitious expansion plan, targeting the opening of more than 100
franchise locations nationwide within the next three years, while
building momentum for further global growth.
Reborn Coffee is currently approved to operate
in the state of California and non-franchise registration states,
with additional franchise approvals in other registration states
actively in progress. This phased approach ensures a strategic and
comprehensive nationwide rollout.
Reborn Coffee believes its franchise model and
growth strategy will position the Company as a leading force in the
coffee industry. Combining its signature premium coffees, teas, and
artisanal bakery offerings with modern, scalable store concepts,
the company is redefining how coffee is experienced worldwide.
“We are thrilled to enter this exciting new
phase as a franchisor in the U.S.,” said Jay Kim, CEO of Reborn
Coffee. “Our mission has always been to deliver more than just
coffee - it is about creating a globally recognized experience that
blends quality, innovation, and culture. This approval unlocks
opportunities for franchisees to join us in shaping the future of
specialty coffee.”
Reborn Coffee’s expansion strategy has set the
foundation for global growth with a focus on delivering world-class
coffee experiences and priming Reborn to grow not just in the U.S.,
but also in emerging markets across the globe.
The franchise program combines state-of-the-art
brewing techniques, high-impact customer experience, and expertly
curated offerings, delivering a unique value proposition for
entrepreneurs and coffee lovers alike.
Reborn Coffee’s strategic roadmap underscores
its goal to become a global lifestyle brand. Each store is designed
to be a cultural and community hub, offering a warm, inviting
atmosphere and products crafted with care.
About Reborn CoffeeReborn
Coffee, Inc. (NASDAQ: REBN) is focused on serving high quality,
specialty-roasted coffee at retail locations, kiosks, and cafes.
Reborn is an innovative company that strives for constant
improvement in the coffee experience through exploration of new
technology and premier service, guided by traditional brewing
techniques. Reborn believes they differentiate themselves from
other coffee roasters through innovative techniques, including
sourcing, washing, roasting, and brewing their coffee beans with a
balance of precision and craft. For more information, please visit
www.reborncoffee.com.
Forward-Looking Statements
All statements in this release that are not
based on historical fact are “forward-looking statements.” While
management has based any forward-looking statements included in
this release on its current expectations, the information on which
such expectations were based may change. Forward-looking statements
involve inherent risks and uncertainties which could cause actual
results to differ materially from those in the forward-looking
statements, as a result of various factors including those risks
and uncertainties described in the Risk Factors and Management’s
Discussion and Analysis of Financial Condition and Results of
Operations sections of our recent filings with the Securities and
Exchange Commission (“SEC”) including our Form 10-Q for the third
quarter of 2023, which can be found on the SEC’s website at
www.sec.gov. Such risks, uncertainties, and other factors include,
but are not limited to, the Company’s ability to continue as a
going concern as indicated in an explanatory paragraph in the
Company’s independent registered public accounting firm’s audit
report as a result of recurring net losses, among other things, the
Company’s ability to successfully open the additional locations
described herein as planned or at all, the Company’s ability to
expand its business both within and outside of California
(including as it relates to increasing sales and growing Average
Unit Volumes at our existing stores), the degree of customer
loyalty to our stores and products and costs, the fluctuation of
economic conditions, competition and inflation. We urge you to
consider those risks and uncertainties in evaluating our
forward-looking statements. We caution readers not to place undue
reliance upon any such forward-looking statements, which speak only
as of the date made. The Company undertakes no obligation to update
these statements for revisions or changes after the date of this
release, except as required by law.
Contacts
Investor Relations Contact:Chris TysonExecutive
Vice PresidentMZ North AmericaREBN@mzgroup.us949-491-8235
Company Contact:Reborn Coffee,
Inc.ir@reborncoffee.com
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