NYC coffee brand fuelled by espresso and millions of venture capital dollars comes to London (via eaterlondon)
A fast-growing NYC coffee brand fuelled by espresso and millions of dollars in venture capital funding wants to crack London.
Menda told Bloomberg that “we’ll serve high-quality specialty coffee, and our prices will be cheaper than Costa Coffee and either the same price or cheaper than Pret a Manger.” Taking Pret as the example, that’s around £1.60 for a filter, and £3.25 for a flat white, which is in fact only marginally cheaper than a flat white at, say,, and will at times even be more expensive. A flat white at Costa is currently £3.15.
Blank Street makes these prices possible by using super-automatic espresso machines. These are souped up versions of what many home coffee drinkers might know as “bean-to-cup,” where the press of one button produces anything from an espresso to a latte. Made by Swiss manufacturer Eversys, they are highly regarded in the speciality coffee world but are yet to truly crack the market, with significant value attached to the figure of the barista paying microscopic attention to coffee preparation.
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