*By Carlo Versano* In 2013, Joshua Zad founded Alfred with an odd business plan for a coffee shop: the coffee would come second. Zad, also the company's CEO, told Cheddar that his idea for an experiential, design-focused coffee house ー which is now right on trend ー was far outside the mainstream just a few years ago. Borrowing from his background in commercial real estate, Zad took a "real estate perspective first" ー finding neglected neighborhoods or storefronts near popular destinations ー and set up shops with a "worn-in" and "cozy" look and feel, populated by baristas decked out in Rag & Bone aprons that have become Alfred's hallmark. Specialty coffee has been a growing segment ever since Starbucks ($SBUX) convinced consumers it wasn't outlandish to spend $4 on a cup of joe. But it has mainly been the realm of hipster-run shops with Scandinavian minimalist decor ー outposts where baristas would focus a laser-like attention on each order. Alfred turned that on its head, Zad said. Alfred's aesthetic (its tagline, "But first, coffee", has become its own hashtag on social media) is a hit among celebrities and influencers on Instagram, owned by Facebook ($FB). Zad took it even further by selling a different kind of real estate: the shop's coffee cup sleeves. Those sleeves ー with design collaborations from Disney ($DIS), apparel brand Lululemon ($LULU), dating site Bumble, and local artists ー are now collectibles in their own right. And they're just another way to get people in the door ー the key for a volume business like coffee. The fast-growing chain now has 12 locations throughout Los Angeles and Japan, with as many as 15 more on the way for L.A., according to Zad. That includes the Alfred Tea Room, which expands the concept for tea drinkers, a segment of the market Zad said has long been neglected. "Coffee is having a moment," he said. "But tea is not far behind and is having a renaissance of its own." For full interview [click here](https://cheddar.com/videos/alfred-coffee-founder-talks-iconic-brand).

Share:
More In Business
SEC Proposes Major Overhaul of Retail Trading Structure
Jack Miller, Head of Trading at Baird, joined Closing Bell to break down how the Securities and Exchange Commission's proposals would change the landscape for individual investors, as they face stiff opposition from brokerages like Robinhood.
Robotics Automation Technology Company Symbotic, Aiming to Transform Supply Chains, Debuts on Nasdaq
Robotics automation technology company Symbotic made its market debut on the Nasdaq via a SPAC merger with SVF Investment Corp. 3, a special purpose acquisition company sponsored by an affiliate of SoftBank Investment Advisers. Symbotic rang the Opening Bell at the Nasdaq to celebrate the occasion this morning. Its debut on Wall Street comes amid an urgent need for logistics solutions, as it aims to reimagine supply chains with its A.I.-powered robotic and software platform. Tom Earnst, CFO of Symbotic, and Vikas Parekh, managing partner at Softbank Investment Advisors, join Cheddar News' Closing Bell to discuss.
Elon Musk's World: Starlink IPO Delay, Twitter Data & BYD Batteries
Michelle Castillo joined Closing Bell to break down Elon Musk's announcement to SpaceX employees that the Starlink internet business might not see itself as an IPO until 2025, Twitter planning to hand over the user data he requested as a condition of the acquisition, and Warren Buffet-backed Chinese EV company BYD stating it will be supplying batteries to Tesla "very soon."
Re-Wiring to a Career as a Ghostwriter
At the age of 65, Judy Katz, who ran her own public relations firm for years, was looking for a change. After retirement, she started a brand-new business as an author and ghostwriter of books. Judy Katz joins Jamie Hopkins to discuss finding a new beginning as a ghostwriter and living life to the fullest post-retirement.
Meta to Attend Cannes Lions International Festival of Creativity
Meta announced its plans to join the Cannes Lions International Festival of Creativity. This is leaving businesses and customers wondering what the tech giant has in store for the event. Nicola Mendelsohn, the vice president of the global business group at Meta, joined Cheddar News to preview what the tech giant will discuss at this year's festival. "We're going to be showcasing more about reels. We're going to be talking about our commerce solutions, are messaging solutions, and of course, the method of us speaking of new ways to kind of connect with customers," she said.
UK Experimenting With 4-Day Work Week; Companies 'Ghosted' by New Hires
On today's episode of On The Job: Cheddar gets a look at how the salon and beauty industry has pivoted throughout the pandemic; Mark Brim, President of Aquent's Recruiting Division Vitamin T, breaks down how remote work has transformed hiring and recruiting process across the board; Julie Bauke, President & Chief Career Strategist at The Bauke Group, breaks down why companies are being 'ghosted' by new hires, and what repercussions can come from this.
How Remote Work is Expanding Talent Pools Around the Globe
Mark Brim, President of Aquent's Recruiting Division Vitamin T, joins On The Job to discuss how remote work has transformed hiring and recruiting process across the board, and the latest trends surrounding remote hiring across the globe.
New Hires Are 'Ghosting' Companies
Julie Bauke, President & Chief Career Strategist, The Bauke Group, joins Cheddar to discuss the phenomenon of new hires accepting jobs and quitting before their first day of work, and how ghosting one company may come back to bite you when you find a job you really want.
Load More