In February 2021, aegis brands agreed to sell second cup to Quebec-based Foodtastic Inc. for an undisclosed sale price which included $14 million in cash. Aegis will continue to operate bridgehead coffee and Hemisphere Cannabis Co.
What happened Second Cup?
The Second Cup Ltd. changed its name to Aegis Brands as part of a plan to diversify beyond coffee shops. In addition to Second Cup, Aegis Brands owns the Ottawa-based Bridgehead coffee shop chain and Hemisphere Cannabis Co.
Why did Second Cup close?
The Second Cup Ltd. is planning to close more underperforming cafés and will begin selling its coffee in grocery stores as the trend of more people working from home during the pandemic continues to affect coffee-shop sales The mississauga-based company announced its plans Friday as it reported second-quarter results.
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.
How many Second Cup coffee locations are there?
BACKGROUND. 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.
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 much is it to buy a Second Cup?
$300,000 is the minimum that Second Cup Coffee expects its owners will need to invest in a new location. The high end of the total investment required to open a franchise is $500,000.
Do Second Cup rewards expire?
Gift Card balances do not expire In the event you return all or any part of an Eligible Purchase (as permitted under the then current Second Cup return policy) for which you earned Points, the Points earned in respect of such return shall be deducted from the Rewards Card used to make the returned purchase.
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 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.
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.
Is there Second Cup in the US?
Modern lounge seating is featured in the front of the cafe and clustered meeting zones are available at the back. Shikatani Lacroix continues to roll out new Second Cup International locations across the U.S., Middle East, Europe and Asia. Second Cup is now located in 18 countries.
Is Second Cup Canadian?
From our humble beginning in 1975 as a kiosk in a shopping mall, selling only whole bean coffee, Second Cup Coffee Co.™ has become the largest Canadian specialty coffee retailer Our goal is to be the best.
How many second cups are there in Canada?
This statistic shows the number of Second Cup Coffee Co. stores in Canada from 2010 to 2019. In 2019, the Canadian specialty coffee retailer Second Cup had 242 stores in Canada, down from 262 stores the previous year.
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.
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 Second Cup 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.