, which is the biggest competitor to Starbucks in China and the inspiration for Bandit.
Instead of building out existing spaces, Bandit constructs its coffee shops in factories in Michigan and California, as 11 by 11 “modular, self-contained units.” They work with New York landlords who have vacant commercial spaces that have yet to be filled, and instead of a traditional lease, Bandit signs licensing agreements where the landlord gets a percentage of the sales for rent, a common practice for commercial tenants.
The existing Lexington location, for example, is in a vacant space, and Bandit may eventually move out of it.A bonus for the customer, he argues, is that the coffee is “really good” and “cheaper than Starbucks,” possible because of lower build-out costs and roasting at Pulley Collective in Red Hook. Drip coffee is $2, cold brew is $3, and everything else goes up to $4.50. For frequent buyers, there’s also membership plan, where for $20 a month, members can get unlimited drinks for $1 a piece.
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