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☆ 4 ways one couple turned their café into a nearly $50 million business
  + stars: | 2024-06-19 | by ( Emmalyse Brownstein | ) www.businessinsider.com   time to read: +5 min
"It was a small little dream that we had to open one cute, quaint, cozy coffee shop and café," owner Elisa Marshall told CNBC. AdvertisementIt was "a lot of sacrifice," Sormonte told CNBC, and "a lot of sweat and tears and love." Marshall told CNBC that they chose the name with the intent to create "the feeling of warmth and home." They struck a deal in 2020 with a private equity firm for "between $10 million and $20 million," CNBC reported. They also do catering and rent their café spaces for events — which together account for about 20% of Maman's yearly revenue, Marshall told CNBC.
Persons: —, Elisa Marshall, Maman, Marshall, Benjamin Sormonte, Sormonte Organizations: Service, CNBC, Business, Marshall, New York Magazine Locations: York, Canada, Manhattan, New York, Marshall, Spain, Ibiza, Southern France, Toronto, Sormonte
☆ We spent $250,000 to open a New York bakery—now it brings in $50 million a year
  + stars: | 2024-06-18 | by ( Raffi Paul | Elham Ataeiazar | Tom Huddleston Jr. | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe spent $250,000 to open a New York bakery—now it brings in $50 million a yearElisa Marshall and Benjamin Sormonte invested all of their life savings, plus more money from family and friends, to open a cafe called Maman in New York in 2014. Last year, Maman's 34 locations brought in nearly $50 million. "It was one of the biggest financial risks we could ever take," says Marshall.
Persons: Elisa Marshall, Benjamin Sormonte, Marshall Locations: New York
☆ Couple spent 'all of our money' to open a New York cafe—their business brought in nearly $50 million last year
  + stars: | 2024-06-18 | by ( Tom Huddleston Jr. Raffi Paul | Tom Huddleston Jr. | Raffi Paul | ) www.cnbc.com   time to read: +4 min
Elisa Marshall and Benjamin Sormonte didn't want to be overly ambitious when launching a business in New York in 2014. Some items feature "a fun twist," Marshall says: The salted chocolate cookie sandwich with white chocolate ganache resembles a fancier, French version of an Oreo. Sormonte and Marshall didn't know how much launching a cafe in New York would cost, and ended up spending $250,000. The praise brought in waves of customers, and Maman brought in roughly $2 million in revenue during its first full year. And it was great," Marshall says, adding: "Next thing you know, we're the hottest cookie in New York."
Persons: Elisa Marshall, Benjamin Sormonte didn't, Marshall, Oprah Winfrey, Sormonte, — Marshall, childhoods, Armand Arnal —, Sormonte's, Marshall didn't, Maman Organizations: CNBC, Michelin Locations: New York, SoHo, Toronto, France, Montreal, Ibiza, Spain, New, Tribeca
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