The Venti Opens 700th Store in Just 7 Years Since Establishment

On the 23rd, at Busan Gunan Station branch, (from left) The Venti CEO Park Suam, CEO Kang Samnam, CEO Choi Jungyeong, and other executives held a ceremony to celebrate the opening of the 700th store. Photo by The Venti

[Asia Economy Reporter Moon Hyewon] Coffee franchise The Venti announced on the 24th that it has opened its 700th store just seven years after its founding.

The 700th The Venti store is the Gunam Station branch located in Gupo-dong, Busan.

On the 23rd, The Venti CEO Park Suam held a commemorative event for the opening of the 700th store with executives and employees at the Gunam Station branch in Busan. CEO Park said, "The Venti, which started in Busan, was able to grow into a nationwide brand thanks to the deep bond and response from customers in Busan and Gyeongnam that has continued since the early days of opening."

The Venti began its business by opening its first store in front of Pusan National University in 2014. At that time, it created a new trend of 'cost-effective coffee' with shockingly low prices and large volumes. Within less than a year after starting the business, it opened its 100th store, and based on the stable foundation in the Busan and Gyeongnam regions, it has been continuously growing nationwide, including the metropolitan area. Over the past three years, the number of stores has increased by more than 45% annually on average.

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