kids encyclopedia robot

Coffee Beanery facts for kids

Kids Encyclopedia Facts
Quick facts for kids
The Coffee Beanery, Ltd.
Subsidiary
Industry
  • Coffee Chain
  • Coffee Roaster
  • Franchisor
Founded March 22, 1976; 48 years ago (1976-03-22)
Founder JoAnne and Julius Shaw
Headquarters 3429 Pierson Pl. Flushing, MI 48433, ,
United States
Number of locations
70+
Key people
  • JoAnne Shaw (CEO
  • Laurie Shaw (COO)
  • Britain Butcher
  • Bret O'Brien
Products Coffee and related products
Brands Coffee Beanery
Services Manufacturing, Franchising & Retail
Revenue ~$14 million
Number of employees
35
Parent Shaw Coffee Company

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.

History

In 1976, JoAnne and Julius Shaw began selling specialty coffee to consumers in their first store at Fairlane Town Center in Dearborn, Michigan. As of February 2007, the company had 131 franchise locations in the United States and another 25 in other countries.

Business model

The company makes most of its money selling franchises and equipment, not the product itself. Most shops close within three years; since the company's founding, more than 100 franchises have failed.

Legal determinations

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. In the judge's court order, he ruled “This case is buyers’ remorse” and the case was settled in 2013.

See also

  • List of coffeehouse chains
kids search engine
Coffee Beanery Facts for Kids. Kiddle Encyclopedia.