Nairobi Java House group chief executive Kevin Ashley. PHOTO | FILE
The Java coffee house says its annual revenue has hit Sh3 billion following rapid expansion in the country.
Java saw its sales grow by approximately Sh700 million last year, driven by increase in its branch count to 43 up from 26 last year.
“Since the end of our 2010 financial year, Java has enjoyed revenue growth of 30 per cent CAGR (compounded annual growth rate). I can confirm that we are profitable, and as a result, we are able to finance our strategic growth plan using internally generated funds,” said Nairobi Java House group chief executive Kevin Ashley.
The turnover includes sales recorded by 360 degrees Pizza and Planet Yoghurt, a frozen yoghurt shop, under the Java group.
The group says it will invest Sh735 million ($7 million) to grow its reach in the next year, with an additional 12 outlets expected to open in Nairobi, Eldoret, Thika, Nakuru and Nanyuki as the focus shifts towards the counties.
The eatery also has plans of growing its presence in the region with an additional four stores in Uganda through its Java Coffee and Tea subsidiary.
“We own and operate all of our shops and will continue to do so. Now that our group is nearing 50 branches, we have the size and scale to finance all of our growth organically,” said Mr Ashley.
