Atomic Coffee Roasters LLC, a family-owned coffee company on Boston’s North Shore, will use a $350,000 loan from MassDevelopment to buy equipment for its recently opened coffee roasting and cold brew production facility in Danvers.
“Since its first café opened in Beverly more than 20 years ago, Atomic Coffee Roasters has grown to become a household name for quality coffee in the North Shore region,” MassDevelopment President and CEO Lauren Liss said in a statement. “MassDevelopment is pleased to support this local business through its next stage of growth by providing low-cost financing for the fit-out of its new production facility in Danvers.”
Atomic Coffee Roasters was founded in 1996 by two brothers, John Mahoney and Andrew Mahoney, who fulfilled their dream to one day own and operate their own coffee shop. The brothers’ original coffee shop, Atomic Café Inc., is located on Cabot Street in Beverly and serves coffee roasted on the premises. The company expanded to two additional cafés in Marblehead and Newburyport, but later sold those locations to focus on wholesale production. Atomic Coffee Roasters’ coffee roasting and cold brew production facility opened on June 1, 2018.
“We’ve seen explosive growth with the Atomic brand and our cold brew products are being very well received throughout Massachusetts,” Atomic Coffee Roasters Co-Founder John Mahoney said in a statement. “Growing our brand and being vertically integrated allows us to offer ‘best in class’ products at a value added price. We just launched our Nitro Cold Brew and bottled products through Night Shift Distributing, and they’re doing a great job expanding our reach throughout Massachusetts.”
MassDevelopment, the state’s finance and development agency, works with businesses, nonprofits, financial institutions and communities to stimulate economic growth across the commonwealth. MassDevelopment financed or managed 384 projects generating investment of more than $4.1 billion in the Massachusetts economy in fiscal 2018. These projects are estimated to create or support 10,994 jobs and build or rehabilitate 830 housing units.
