пятница, 1 февраля 2013 г.

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Posted in baristas coffee, bidding war, business, buzzing, shocking, tully's

Baristas Coffee Company currently has a wildly popular Youtube channel and made waves earlier this year when they successfully trademarked the word “Baristas.”ВPStay tuned to Sprudge.com for more on the Tully’s buy-out; we’ll keep you abreast of the matter.

For the quarter ended June 30, Baristas reported total revenue of $357,000 and net income of $110,000. It had cash and equivalents of $16,000 and total assets of $865,000.

James Day, an attorney for TullyвІЂЂЂs, questioned at a bankruptcy court hearing Friday whether Baristas could make a viable offer. He said the financial statement of Baristas, which trades publicly over the counter, вІ

Baristas currently owns a number of drive-up kiosks in the greater Seattle area. They plan to continue operating Tully’s shops under the Tully’s name. The Tully’s roasting/packaging business is not apart of the deal, which was sold to Green Mountain Coffee Roasters in 2009. More from the Seattle Times:

Dateline: Seattle, “The City That’s More Blue Collar Than You Think.” It seems the fine folk’um at Baristas Coffee Company Inc. (BCCI) have placed a bid to acquire poor, bedraggled Tully’s, once a titan amongst Starbucks impersonators, now having fallen on bad times. It’s a move that has a lot of people buzzing! “Baristas said Tuesday it will bid through a new entity, Baristas Acquisition Partners,” the Seattle Times reports, “that includes several current TullyвІЂЂЂs shareholders and other investors. None of them were identified.”

Posted on December 12, 2012 by Llewellyn Sinclair | Comments Off

TullyвІЂЂЂs Follies: Bikini Barista Barons Bid On Bankrupt Business

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