How I Made Pret $50M.

If you have any questions, reach out to me on IG: Twitter: Also, connect with me on LinkedIn: Email me at: [email protected] In this video, I discuss a business idea that I had to help Pret a Manger boost their profits by up to $50,000,000. I think it would be wise for Pret to allow those who have their Pret Coffee Subscription to pay a small fee to bypass the 30 minute wai period between subscription redemptions for their 5 coffees a day. Check out these WSO Courses to prep for a career in consulting or finance: IB Prep Course - PE Prep Course - PE Master Package - Elite Modeling Course - Venture Capital Course - Tags: Pret a Manger, Pret, Pret Coffee, Pret Coffee Business, Pret a Manger Business, Pret Private Equity, Pret Coffee Subscription, Pret a Manger Coffee Subscription, Subscription Business, Pret NYC, Is Pret Coffee Subscription worth it?, Who owns Pret a Manger, Pret Profit, Pret Coffee Subscription Business Model, How does Pret make money from their coffee subscription, JAB Holding Company, JAB Holding, JAB Holding Company Pret, JAB Pret If you’re not aware, Pret a Manger or “Pret” is a London-based coffee retailer that has over 400 stores in the UK and is growing their footprint in the US with nearly 60 stores, most of them being here on the east coast. Seeing the addiction and value placed on subscriptions by Gen-Z and other consumer groups, Pret began offering their coffee subscription in 2020 to combat slumping revenues compared to their pre-pandemic prestige. Their premium subscription costs $40 a month, and it allows users to get up to 5 coffees, teas, or lemonades a day. You can either order in the store or order ahead on their mobile app. The only caveat is that you need to wait 30 minutes between every order. It is this rule that inspired me to create this video. In the article, they reported that the Pret subscription is used 1.25 million times a week, and that’s just in the UK. Not that it matters a ton, but this is an 11% increase over a year ago. They also noted that the average subscriber redeems their subscription 28 times a month. Because there isn’t any public data disclosing the official number of subscribers, I was able to use some high-level 2nd grade math to calculate that this means there are around 180,000 subscribers in the UK alone. This was calculated by taking the 1.25 million uses a week and multiplying it by 4 to find a rough monthly estimate, and then dividing it by the 28 transactions for the average subscriber.