US-based Beans & Brews Coffeehouse has recently announced the appointment of Chad Gretzema as the company’s new CEO, as reported by the World Coffee Portal.
Prior to this appointment, Chad Gretzema had a background in various leadership positions within the Del Taco restaurant brand.
Throughout his 12-year tenure with the brand, Gretzema held significant roles, including serving as the Del Taco Brand President, Senior Vice President of Strategic Planning, and Chief Operating Officer (COO).
World Coffee Portal quoted Gretzema as saying, “I couldn’t be more excited to join Beans & Brews Coffeehouse as we accelerate growth. The brand has not only built a devoted following in its existing footprint but is also witnessing strong success as it expands to new states.
“With our proprietary high-altitude roasted coffee beverages, signature energy drinks and really attractive unit-level economics it is not surprising that the franchisee development demand is at an all-time high.”
With this new appointment, the Utah-based coffeehouse aims to further expand its presence in the country and open 100 stores by 2025.
Jeff and Kevin Laramie, the Co-Founders of Beans & Brews, stated that Gretzema will play a pivotal role in facilitating the expansion of the coffee chain brand.
As of now, Beans & Brews runs a total of 69 locations in the United States, with a presence spanning across Utah, Idaho, Nevada, Arizona, and Texas.
The coffee chain recently finalized a development agreement that entails the establishment of 40 new stores in the San Antonio and Austin areas.
Furthermore, the company has entered into additional franchise agreements aimed at launching new establishments in New Mexico, Colorado, and Wyoming.
In January 2021, private equity firm Charger Investment Partners made an investment in Beans & Brews Coffeehouse.
The company did not disclose the exact amount of the investment.