Coffee Beanery: Difference between revisions
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==Business model== |
==Business model== |
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The company makes most of its money selling franchises and equipment, not the product itself.<ref name=forbes/> Most shops close within three years; since the company's founding, more than 100 franchises have failed.<ref name=jones> {{ cite news |
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|url=http://motherjones.com/politics/2009/02/franchise-fraud-wake-and-smell-fine-print |
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|title=Franchise Fraud: Wake Up and Smell the Fine Print |
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|last=Mencimer |
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|first=Stephanie |
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|publisher= ''[[Mother Jones (magazine)|Mother Jones]]'' |
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|date=March/April 2009 |
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|quote= |
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|accessdate=December 4, 2010 }}</ref> |
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In 2006, the Maryland securities commissioner determined that the company had misrepresented itself 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.<ref name=jones/> |
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==References== |
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{{reflist}} |
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==External links== |
==External links== |
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Revision as of 16:21, 15 May 2011
Coffee Beanery is a Flushing, Michigan-based chain of coffee shops operating in the US, Europe, Asia, and US Territories. The company was founded in 1976. As of February 2007, they had 131 franchise locations in the United States and another 25 in other countries, most notably in Bahrain, China, Cyprus, South Korea, and United Arab Emirates.[1]
Business model
External links
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- ^ Crane, Mary (February 16, 2007). "A Cautionary Tale For New Franchisees". Forbes. Retrieved December 4, 2010.
{{cite news}}: Italic or bold markup not allowed in:|publisher=(help)