Quarterly Investor Update: Q4 2024
Dear Valued Investors,
As we close out 2024, we’re filled with gratitude for your continued support and belief in Mazevo Coffee’s mission to “Love One Another.” What started in a humble garage has grown into a thriving community-centered coffee brand with seven locations, exceptional coffee, and a commitment to making a positive impact in every community we touch.
2024 Performance Highlights
Retail Growth
- Gross Sales: $5,131,947.85 (2024) compared to $4,413,825.95 (2023), reflecting strong year-over-year growth.
- Opened our 7th location, marking a significant milestone in expanding our footprint and community impact.
Operational Developments
- Inflation posed a challenge, but we took proactive steps to adapt:
- Pricing Structures & Systems: New accountability measures have been implemented to lock in COGS to budget, setting the stage for a stronger 2025.
- Investing in Talent: While payroll exceeded budget due to investments in new positions, we’re confident these roles will drive long-term revenue growth and efficiency.
Leadership Transitions
- To align with our evolving needs, Damion Taylor has transitioned into the role of Chief Financial Officer, while Daniel Botz has stepped into the position of Chief Executive Officer. These changes reflect our commitment to leveraging each leader’s strengths to drive Mazevo’s mission and growth forward.
Team Transitions
- Several store managers left in the past six months for personal reasons, but we’ve nearly completed rehiring and training for these key positions.
- With fresh leadership in place, we’re excited to reinvigorate our store culture and customer experience, ensuring Mazevo continues to be synonymous with exceptional service and our guiding principle: Love One Another.
2025 Outlook
As we look ahead to Q1 2025, our primary goals include:
- Budget Alignment: Finalizing our COGS and payroll systems to ensure financial efficiency and improved profitability.
- Manager Training: Equipping our new leaders with the tools to foster a flourishing store culture and uphold our high standards of customer satisfaction.
- Community Impact: Continuing to create spaces that radiate joy and inspire meaningful connections, while staying true to our mission and vision.
With these strategic priorities, we are confident 2025 will bring stronger financial performance and deeper community connections.
Investor Perks
If you have not yet received your investor perks, please reach out to us at info@mazevocoffee.com, and we’ll be happy to assist you.
A Word of Thanks
Your support has been instrumental in helping Mazevo Coffee grow into more than just a coffee brand—it’s a movement of joy, love, and connection. Together, we’re building a company that not only serves exceptional coffee but also makes a lasting impact in the communities we serve.
Here’s to an exciting 2025 filled with opportunity and growth.
With gratitude,
Damion Taylor
Chief Financial Officer
Mazevo Coffee
