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This week on Bev Industry News:

 

Specialty Coffee Leader, Baristas Coffee Co, Adds 9 Munchie Magic / Ben & Jerry's ice cream locations in the last 60 Days.

May 27, 2020 -- InvestorsHub NewsWire -- Baristas Coffee Company/Munchie Magic has now opened its ninth new location since Washington State issued a statewide stay at home order on March 23rd, 2020. The virtual restaurant has been expanding rapidly and has seen a dramatic increase in new and repeat business.

The new "Pick up Points" are centrally located throughout the greater Seattle area serving a variety of communities delivering Ben & Jerry's ice cream, Baristas Coffee and other snack foods through its third-party delivery partners Uber Eats, GrubHub, and DoorDash.

Last week Baristas Coffee Company/Munchie Magic announced that all three of its delivery/technology partners Uber Eats, DoorDash, and GrubHub who facilitate delivery for Baristas Munchie Magic have more than doubled their deliveries and revenues from the partnership month over month.

Munchie Magic has been designated as an essential business as it supports the supply of foods and other goods to the consumers who are staying at home and has seen a surge of activity as consumers are introduced to the new food delivery option. In addition, the virtual restaurant that emerged from a partnership agreement with Baristas/Munchie Magic and Ben & Jerry's to develop virtual restaurants to deliver ice cream, Baristas Coffee, and other snacks to consumers has seen a dramatic increase in the average ticket size per order increasing over 30% and exceeding initial projections.

Baristas is a publicly-traded national Coffee Company under the symbol BCCI that is recognized throughout the US. It is the majority shareholder of Munchie Magic, Inc. and manages the virtual restaurant which delivers Ben & Jerry's ice cream, Baristas Coffee, and other snack foods via third party delivery partners. Baristas currently produces and sells coffee related products under the Baristas brand including the Baristas White Coffee single-serve cups compatible with the Keurig 2.0 brewing system which is the bestselling product in its category.

 

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Baristas Coffee (PK) (USOTC:BCCI)
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