Why is ZUS Coffee so expensive?
In an email blast to customers, ZUS Coffee explained that global coffee bean prices have reached their highest levels since 1977. Factors like supply chain disruptions and climate-related challenges have significantly impacted production, making it more expensive for the company to operate. Ian Chua and Venon Tian, the key executives of ZUS Coffee, founded the business in 2019 to make specialty coffee affordable for everyone, every day.For an idea of how profitable local coffee chains are, company records show that Zuspresso (M), which was launched in November 2019, grew its revenue from RM900,000 in FY2020 to RM204 million in FY2023, achieving a net profit of RM10. Zus was operating about 370 outlets at end-2023.Kuala Lumpur, 10 September 2024 – Tech-enabled coffee chain, ZUS Coffee has secured investment from an investor consortium comprising KV Asia Capital (a Southeast Asia focused private equity firm), Kumpulan Wang Persaraan (Diperbadankan) (“KWAP”) (Malaysia’s pension fund for civil servant retirees), and Kapal Api Group .At the heart of ZUS Coffee, our mission is to bring speciality coffee – inherently seen as expensive – to the local community at an affordable price.
How much is ZUS Coffee worth?
From “over 200 outlets” in FY2023, it is estimated that the number of ZUS Coffee outlets have surged to over 470. Thus, Zuspresso’s upcoming FY2024 results should provide a clearer picture of its profitability and whether the touted valuation of RM1 billion to RM1. For an idea of how profitable local coffee chains are, company records show that Zuspresso (M), which was launched in November 2019, grew its revenue from RM900,000 in FY2020 to RM204 million in FY2023, achieving a net profit of RM10. Zus was operating about 370 outlets at end-2023.
Which country owns ZUS Coffee?
Zuspresso (M) Sdn. Bhd. Zus Coffee (stylized as ZUS Coffee) is a Malaysian coffee shop chain. ZUS COFFEE: Proudly Buatan Malaysia. ZUS COFFEE On Trial?
Why is ZUS Coffee so popular?
With the best quality ingredients, high-level coffee brewing technology and innovative business model, we are evolving the concept of coffee consumption to make specialty coffee affordable for everyone, everyday. When you measure total coffee consumption per capita (per person per year), the leader is crystal clear – and it’s Finland. YES, Finland drink more coffee per person than anywhere else in the world.