In 1976, JoAnne and Julius Shaw began selling specialty coffee to consumers in their first store at Fairlane Town Center[5] in Dearborn, Michigan.[1][6] As of February 2007, the company had 131 franchise locations in the United States and another 25 in other countries.[3]
Business modeledit
The company makes most of its money selling franchises and equipment, not the product itself.[3] Most shops close within three years; since the company's founding, more than 100 franchises have failed.[7]
Legal determinationsedit
In 2006, the Maryland securities commissioner determined that the company had made "material misrepresentations" to prospective franchisees in violation of state law, and ordered it to release Maryland franchisees from their contracts without penalty. In 2008, the Illinois attorney general made a similar determination. The Maryland order also directed the company to "permanently cease and desist from offering and selling" franchises in Maryland.[3][8] In the judge's court order, he ruled “This case is buyers’ remorse” and the case was settled in 2013.[9]
^ abcdCrane, Mary (February 16, 2007). "A Cautionary Tale For New Franchisees". Forbes. Retrieved December 4, 2010.
^. businessweek.com. Bloomberg. Archived from the original on August 17, 2009. Retrieved 19 April 2012.
^Muller, Joann (November 30, 1988). "Coffee idea is perking into chain". Detroit Free Press. p. 6C. Retrieved 7 November 2017.
^International Directory of Company Histories, St James Press
^ Mencimer, Stephanie (March 2009). "Franchise Fraud: Wake Up and Smell the Fine Print". Mother Jones. Retrieved December 4, 2010.
^Court Rules for Coffee Beanery Franchisees 2011-12-31 at the Wayback Machine, bluemaumau.org. Retrieved 20 February 2013
^"Coffee Beanery Settles with Franchisees". Retrieved 21 October 2021.
External linksedit
Official website
December 15, 2023
coffee, beanery, flushing, michigan, based, chain, coffee, shops, operating, united, states, asia, territories, founded, dearborn, michigan, 1976, joanne, julius, shaw, typelimited, liability, companyindustrycoffee, chaincoffee, roasterfranchisorfoundedmarch, . The Coffee Beanery Ltd is a Flushing Michigan based chain of coffee shops operating in the United States Asia and U S Territories It was founded in Dearborn Michigan in 1976 by JoAnne and Julius Shaw The Coffee Beanery Ltd TypeLimited liability companyIndustryCoffee ChainCoffee RoasterFranchisorFoundedMarch 22 1976 47 years ago 1976 03 22 FounderJoAnne and Julius ShawHeadquarters3429 Pierson Pl Flushing MI 48433 Flushing Michigan 1 United StatesNumber of locations70 2 Key peopleJoAnne Shaw CEOLaurie Shaw COOBritain ButcherBret O BrienProductsCoffee and related productsBrandsCoffee BeaneryServicesManufacturing Franchising amp RetailRevenue 14 million 3 Number of employees35ParentShaw Coffee Company 4 Websitecoffeebeanery wbr com Contents 1 History 2 Business model 3 Legal determinations 4 See also 5 References 6 External linksHistory editIn 1976 JoAnne and Julius Shaw began selling specialty coffee to consumers in their first store at Fairlane Town Center 5 in Dearborn Michigan 1 6 As of February 2007 the company had 131 franchise locations in the United States and another 25 in other countries 3 Business model editThe company makes most of its money selling franchises and equipment not the product itself 3 Most shops close within three years since the company s founding more than 100 franchises have failed 7 Legal determinations editIn 2006 the Maryland securities commissioner determined that the company had made material misrepresentations to prospective franchisees in violation of state law and ordered it to release Maryland franchisees from their contracts without penalty In 2008 the Illinois attorney general made a similar determination The Maryland order also directed the company to permanently cease and desist from offering and selling franchises in Maryland 3 8 In the judge s court order he ruled This case is buyers remorse and the case was settled in 2013 9 See also edit nbsp Coffee portalList of coffeehouse chainsReferences edit a b Usealman Kevin September 23 2010 Locally owned Coffee Beanery started mass phenomenon MiNBCnews com Archived from the original on 12 January 2013 Retrieved 19 April 2012 Coffee Beanery Franchising Coffee Beanery a b c d Crane Mary February 16 2007 A Cautionary Tale For New Franchisees Forbes Retrieved December 4 2010 Company Overview of The Coffee Beanery LTD businessweek com Bloomberg Archived from the original on August 17 2009 Retrieved 19 April 2012 Muller Joann November 30 1988 Coffee idea is perking into chain Detroit Free Press p 6C Retrieved 7 November 2017 International Directory of Company Histories St James Press Mencimer Stephanie March 2009 Franchise Fraud Wake Up and Smell the Fine Print Mother Jones Retrieved December 4 2010 Court Rules for Coffee Beanery Franchisees Archived 2011 12 31 at the Wayback Machine bluemaumau org Retrieved 20 February 2013 Coffee Beanery Settles with Franchisees Retrieved 21 October 2021 External links editOfficial website Retrieved from https en wikipedia org w index php title Coffee Beanery amp oldid 1173954610, wikipedia, wiki, book, books, library,
