second cup coffee chain sold for $14M to Quebec restaurant owner Foodtastic Aegis Brands Inc says it has signed a deal to sell its Second Cup Coffee Co. operations to Quebec-based Foodtastic Inc.
Who is the owner of Second Cup?
Second Cup coffee chain sold for $14M to Quebec restaurant owner Foodtastic Aegis Brands Inc says it has signed a deal to sell its Second Cup Coffee Co. operations to Quebec-based Foodtastic Inc.
Is Second Cup a private company?
The Second Cup Coffee Company Inc., a privately owned Canadian company , owns and operates the Second Cup International global trademarks.
Is Second Cup still in business?
lawrence mammas, Chief Development Officer and a founding partner in Foodtastic, said there are currently 211 Second Cup locations across canada lawrence and Peter Mammas have been in the restaurant business since their youth.
Why is Second Cup failing?
Second Cup has been struggling amid increased competition from both high-end coffee purveyors and fast-food chains offering caffeine jolts It recently launched a strategic review of the company and announced plans to sell recreational cannabis.
Is Second Cup high quality?
At Second Cup Café, we believe that our premium, specialty coffee deserves the highest quality food offering We partner with local best in class bakeries and food suppliers across the country to provide premium quality food made fresh locally and delivered fresh to our cafes.
How many employees does Second Cup have?
Company Description: Second Cup is located in Richmond Hill, ON, Canada and is part of the Restaurants and Other Eating Places Industry. Second Cup has 15 total employees across all of its locations and generates $730,635 in sales (USD).
Is starbucks canadian owned?
Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington.
Who is Second Cup target market?
The chain now counts baby boomers who grew up with Second Cup among its biggest clientele, he said. But millennials are an important customer segment, making up 29 per cent of all restaurant visitors, he added.
Is Second Cup Canadian owned?
Second Cup is Canada’s largest Canadian-based specialty coffee retailer , operating more than 360 cafés across the country, with its headquarters located in Mississauga, Ontario. It was founded in 1975 by Tom Culligan and Frank O’Dea.
Has Second Cup been sold?
MISSISSAUGA, ON, April 26, 2021 /CNW/ – Aegis Brands Inc., (“Aegis” or the “Company”) (TSX: AEG) today announced that it has completed the sale of substantially all of the assets comprising its specialty coffee brand “Second Cup Coffee Co.” to an affiliate of Montreal-based Foodtastic Inc., an emerging leader in the.
Is Second Cup coffee fair trade?
Second Cup coffees are Rainforest Alliance Certified, Fair Trade Certified and/or Certified Organic. Products that meet the Clean Label standard will be marked with a unique symbol on Second Cup’s menu boards.
Who bought bridgehead?
The Ottawa-based Bridgehead coffeehouse chain has been bought by Aegis Brands , the parent company of Second Cup Coffee Co., for $9.5 million. Bridgehead locations will continue to operate under the Bridgehead name, and its head office will remain in Ottawa, according to a joint statement released Thursday morning.
How much does a Second Cup franchise make?
Franchise revenue was $17,829 for the Year (2017 – $15,074) , an increase of $2,755. The increase is primarily due to the consolidation of Co-op Fund contributions of $3,031, offset by lower royalties and coordination fees as a result of a lower number of franchise cafés.
Is tim hortons in financial trouble?
Article content. Tim Hortons is clawing its way back to 2019, as annual sales in the last year begin to close in on pre-pandemic levels despite a prolonged shift to working from home, according to a Tuesday earnings update from parent company Restaurant Brands International Inc. (RBI).
Why is Starbucks more popular than Tim Hortons?
Starbucks is much more famous than Hortons because of its quality products However, more employees from small businesses visit frequently Hortons to have cheaper and affordable coffee and other products.
How do I get a second cup franchise?
$116,000 is required in available capital if you want to become a franchisee The franchise expects its new franchisees to have a net worth of at least $750,000. The ongoing royalty for Second Cup Coffee is 7%. $300,000 is the minimum that Second Cup Coffee expects its owners will need to invest in a new location.
Is Second Cup worldwide?
Second Cup began brewing in 1975 in Toronto, Ontario and has expanded globally to 40 regions worldwide with more than 250 cafes operating internationally. The Second Cup Coffee Company Inc.
How old do you have to be to work at Second Cup Canada?
See questions about From my location, you have to be at least 16 years old.