New York Coffee Chain Blends Business And Charity For Success

It’s not unusual for a small business to work with community nonprofit groups, but a New York-based chain of coffee shops is taking that partnership further.

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Coffeed operates six cafes in New York, plus a restaurant in Fort Tryon Park in Manhattan and a new location in Seoul, South Korea. The company partners with a different charity at each location.As Inc. magazine reported earlier this year, the Queens-based chain opened its first Manhattan location in Chelsea in February inside the lobby of the headquarters of The Foundling, a nonprofit that provides foster care and adoption services.

In exchange for the highly coveted location at a reduced rental price – $6,000 a month, about half the market rate – Coffeed donates a percentage of its revenue to Foundling.

But that’s not where the partnership ends. The cafe also sets aside about a quarter of its interior space to information about Foundling’s work and the issues of poverty and inequality. In addition, the cafe employs clients of the agency, including developmentally disabled adults and teenaged foster children.

Source: Huffington Post

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