Eight years ago, businessman Jose Franco bought into local coffee company Caribbean Roasters.
He wanted to take the freshly brewed beverage not only to homes throughout the country, but also world-wide.
Today, Caribbean Roasters-owned by Franco, Vanessa Moses and John Devaux-has become more than just a household name.
Noting that the foundation of Caribbean Roasters was built on brands rich in Caribbean history for almost 90 years Franco said Devaux’s grandfather founded the company in 1931, following which John took it over in the 80’s.
From duty free shops, to gourmet restaurants to cafés, the various blends can be sought at a growing number of places in T&T as well the products being available on the regional and international markets.
As its portfolio continues to expand, Caribbean Roasters is now offering five new distinct blends.
Franco, who is the company’s managing director spoke to the Sunday Business Guardian about the new offerings at the Brix Hotel in Port-of-Spain on Wednesday.
“Our founder Jose Perez was a Cuban coffee connoisseur and we have an honorary brand for him that’s been established in Trinidad for many years. We decided we want to bring other ranges of coffee under our brand name.
“...We are launching the Caribbean Roasters island-inspired blends; the beach blend, the sunset roast, the sunrise roast, the red eye and a coconut blend which is very unique to the Caribbean.
“So all of these blends speak to the feel of the Caribbean. People come to the Caribbean to enjoy the sunrise, enjoy the sunsets because they are unlike any other any where in the world and we have the most beautiful beaches. So, we have created such experiences through these blends,” Franco explained.
“These new flavours will be available in local supermarkets, duty-free shops, speciality stores and any where that wants to serve coffee.”
“We have worked with the food service industry so if you go to most hotels and most restaurants, our coffee was actually being served and enjoyed but we are bringing it now to the retail market so people enjoy it at home,”Franco added.
The prices range between $60 to $65 for eight ounces depending on the retailer, Franco stated, noting that the coffee is not instant as it has to be brewed using a percolator or French press making it “natural drawn coffee.”
Going forward, Franco shared some insights for the company.
“We want to bring other ranges of coffee under our brand name or under our company name, Caribbean Roasters, to the market with various blends, various speciality coffees and just expand our portfolio and really put ourselves on the map with our brand.
“Our saying in our business is the best cup of coffee is the one that you like and we want to continue to expand that range and give people exactly what they are looking for,” he said.
So what makes Caribbean Roasters stand out?
“We roast right here,” Franco said, adding that at the end of the day coffee is best served fresh.
Reviving the local
coffee industry
Caribbean Roasters currently sources its coffee from Brazil, Colombia and Costa Rica among other countries.
While T&T has a very small industry when it comes to supplying beans, Franco has not ruled out the possibility that this sector can play an important role in the supply chain.
“I think the local coffee industry is starting to come back from many years ago and it is something we would love to be a part of because we would like to work with the farmers here,” Franco said.
While scale may be a challenge it is not impossible to overcome.
“Our needs are very huge and we find that sometimes there is a little bit of an inconsistent supply but we definitely want to expand and have some local inputs and have that branding around that too. I think we would definitely be a part in helping that industry come up again.”
Growing Sales
Located in Diamond Vale Industrial Estate in Diego Martin, Caribbean Roasters makes about 5,000 packs of coffee a day.
According to Franco, the company recently invested US$60,00 in new equipment, which would enable a quicker and more efficient packing process.
While Franco is himself a force to be reckoned with given his astute business acumen-having previously worked with large corporations like Target- he also attributed the company’s growth to his business partner and marketing director, Vanessa Moses.
Moses, who is also the company’s strategic consultant, is herself no stranger to commerce as she previously owned her own beverage company called Freezie Beverages.
Regarding her partnership with Franco, she said, “The journey really started off with us getting into the food service business...my independent company before hand was an independent coffee company that came to Trinidad and started building out the food service footprint. We started with gas stations and convenience stores and I met with Jose who was interested in being a supplier partner. We decided to get together to create this business where I brought in my food service and machines and they had the roasting facilities, the retail and distribution throughout the islands and we became a fully integrated company. That’s when this partnership was born.”
Moses, who has Trinidadian roots and currently lives in the US, has worked with Caribbean Roasters since 2018 and has attributed increase in sales to the entity being fully integrated.
“Meaning we buy our coffee, we roast our coffee, we package it, we put it on the shelves or in restaurant or hotel. So we do retail, we do food service, we are in the gift market and we are in the duty free market and we are throughout the Caribbean. So all of that is attribute to exponential growth for the business,” she added.
Moses also detailed the direction of the company and how she is helping to chart this course.
“I’m leading some of our new projects when it comes to the US expansion. We are getting ready to build out some new platforms, anything from e-commerce, which is now in the works, to building out traditional distributorship of a multitude of our products. We do coffee at the core but we have also created a wonderful tea line that we have rebranded during COVID and we have a chocolate product which is a Caribbean rum ball and a few other products we are coming out with to hit some diaspora and unique spaces in the US,” Moses detailed.
Further, she said the company is exploring integrating local chocolate into some of its line extensions.
Caribbean Roasters’ products can be found in ten islands including Barbados, Grenada, St Thomas, St Lucia, St Martin, Antigua among others.
The company was named the Manufacturer of the Year 2022 by the T&T Manufacturers’ Association (TTMA).