The convenient coffee franchisor has harnessed its partnership with an experienced tech-based master franchisee to continue U.S. expansion.
Xpresso Delight, one of the world’s largest coffee service franchises, has set its sights on new markets as it acquires franchise rights from an existing DC franchisee.
Joshua Kovacs, CEO of Oakscale Franchise Development, acquired the existing franchise rights from Ram Dasari, who sold his business to Kovacs in January 2019. This was after little more than a year in operation. Xpresso Delight and Kovacs have now inked a deal that will see more franchise units develop throughout the DC Metro area, and into the Commonwealth of Virginia.
“My strategy was to build up a recurring revenue business and then exit,” explained Dasari. “I’m excited to close a deal with Joshua Kovacs and look forward to his success in the DC Metro.”
Kovacs is no stranger to the Xpresso Delight brand, as his organization is responsible for developing 21 new franchise units in just over a year.
“I have worked in the franchise industry non-stop from the time I was 18,” said Kovacs. “I have never been more excited about a brand as I have been with Xpresso Delight. The economics of the franchise and vision of [its] CEO Nigell Lee made too much sense for me to sit on the sidelines.
“Nigell and the team are outstanding executives, and their vision for gourmet coffee in the workplace is about as addictive as their coffee. We’ve already hit the ground running and established a new account in our first week of operation. I’m excited to have a great team in place to operate the DC territory.”
Xpresso Delight has sold more than 200 franchise units to date. The brand is currently looking for qualified franchise partners in the States, and has plans to form strong business relationships with partners in the 50 major business cities, including LA, Houston, and Miami.