Interesting. If a local real estate developer has his way, Philly might be home to a potential starbucks rival. Joseph Grasso of Walnut Street Capital purchased Atlanta’s Saxby’s Coffee for an undisclosed price and is moving the chain’s headquarters to Philly. Currently, Saxby’s has two stores in the Philadelphia area (In Malvern & Horsham) and a nationwide presence. They bill themselves as a “milder, homier alternative to Starbucks” with lighter coffee and a more family-oriented feel. Next on the agenda for them… the inevitable massive franchies expansion:
“It plans to grow - to 150 stores in the Philadelphia area alone, where it now has two, with a third to open later this month. They plan to have 750 stores nationally within seven years.”
Interesting. If a local real estate developer has his way, Philly might be home to a potential starbucks rival. Joseph Grasso of Walnut Street Capital purchased Atlanta’s Saxby’s Coffee for an undisclosed price and is moving the chain’s headquarters to Philly. Currently, Saxby’s has two stores in the Philadelphia area (In Malvern & Horsham) and a nationwide presence. They bill themselves as a “milder, homier alternative to Starbucks” with lighter coffee and a more family-oriented feel. Next on the agenda for them… the inevitable massive franchies expansion:
