Coffee coffee everywhere…..
A report in The New York Times comments on the proliferation of coffee shops in NYC.
Small coffee chains, benefiting from lower retail rents and a seemingly bottomless thirst for high-end coffee even in a weak economy, are seizing the opportunity to expand in New York City.
Sam Lewontin of Everyman Espresso says that coffee shops are in a state of flux. He believes that in the end, there will be mainly two types of coffee shops in NYC. The first kind would sell inexpensive coffee. The second would be like to coffee equivalent of a cocktail bar. These coffee shops would offer experiences like ”cupping” (think wine tasting but for coffee).
Coffee could become a luxe item in the next 5 years, he says. And the coffee business needs to figure the next sustainable operating model.
Till then, enjoy your coffee at your favorite coffee shop. While it is still around.
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