TORONTO, Nov. 5, 2020 /CNW/ - SPOT COFFEE (CANADA) LTD. (TSXV: SPP) ("Spot"
or the "Company") is pleased to announce that, further to
its franchise update news release of December 10th, 2019, the full
development of the following franchise SPoT Express locations and
SPoT neighborhood cafés have been completed this year despite the
lingering COVID-19 pandemic. Two of these locations, namely
SPoT Coffee Niagara Falls and the SPoT Express at the Tops Elmwood
supermarket, are now open to welcome and serve customers.
SPoT Coffee Niagara Falls,
NY
Due to the COVID-19 pandemic, the opening of SPoT Coffee Niagara
Falls was delayed until early August of this year. Once the
development of this beautiful café located on the scenic banks of
the Niagara River was completed, it opened its doors to tourists
and residents of its local Niagara
neighborhood. Since its opening, the operation of SPoT Coffee
Niagara Falls has been outperforming expectations. It continues to
grow its already impressive guest list.
SPoT Express at Tops Elmwood Supermarket
In keeping with SPoT's commitment to advancing its
multi-franchise strategic alliance with Tops, this Express café was
opened in late July of this year and is currently the fifth and
most recent SPoT Express to open inside a Tops supermarket in the
greater Buffalo area.
SPoT Coffee North Tonawanda,
NY
The full development of SPoT Coffee North Tonawanda is nearing
completion as of the issuance of this news release and is presently
estimated to open before Christmas of 2020. As previously
announced, this café is located inside a 130-year old historic
building that previously housed the North Tonawanda History Museum.
SPoT's franchisee there, Ralph
Dailey, is also a property developer. He has been paying a
great deal of attention to the interior design of this café and is
focused on creating a warm and welcoming ambiance based on a
refreshing industrial marine theme. The Company has commenced
training the manager of SPoT Coffee North Tonawanda in preparation
for its imminent opening.
Under COVID-19 regulations, the Company's cafes are currently
operating with only 50% of their normal inside seating capacity
available to customers. However, even with reduced inside seating,
SPoT's cafes have been generating up to 65% of their pre-COVID-19
average sales figures. SPoT is also pleased to report that none of
its Spotters, café managers, members of its management team or
customers have reported any COVID-19 cases. Under the efficient
management of SPoT's Chief Café Operations Officer, Brandon Sterner, SPoT's cafés are operating
under the strictest sanitation guidelines and at maximum
productivity.
"With more new SPoT locations opening for business, the Company
has been continuously proving the resilience of its concept. The
business model of the Company has endured the acid test of the
COVID-19 pandemic and has exhibited the ability to grow its
business even during these trying times." stated John Lorenzo, the Company's CEO and
Chairman.
About Spot Coffee
Spot Coffee has been designing, building and operating
company-owned and franchise community cafés in the
northeastern United States for
almost 25 years. Spot's cafés provide their customers with the
highest quality service, signature made-to-order meals and
award-winning micro-roasted coffee. Each Spot café is distinctively
designed to suit the local neighbourhood creating a warm and
friendly gathering place for the community. Spot's commercial
business focuses on the sale of roasted coffee beans to food
service and grocery chains, business offices, and resellers such as
universities and hospitals.
We seek Safe Harbor.
Forward Looking Statements
Except for statements of historical fact relating to the
Company, certain information contained herein constitutes
forward-looking statements. Although we believe that the
expectations reflected in the forward-looking information are
reasonable, there can be no assurance that such expectations will
prove to be correct. We cannot guarantee future results,
performance or achievements. Consequently, there is no
representation that the actual results achieved will be the same,
in whole or in part, as those set out in the forward-looking
information.
Forward-looking statements are based on the opinions and
estimates of management at the date the statements are made, and
are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ
materially from those projected in the forward-looking statements.
The forward-looking information contained in this news release is
expressly qualified by this cautionary statement. Except as
required by applicable securities laws, the Company undertakes no
obligation to update forward-looking statements if circumstances or
management's estimates or opinions should change. The reader is
cautioned not to place undue reliance on forward-looking
statements.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of the release.
SOURCE Spot Coffee (Canada)
Ltd.