second cup was founded, in 1975, by tom culligan and Frank O’Dea , in Toronto, Ontario, Canada. Culligan eventually purchased O’Dea’s shares, expanding it to a 150-store chain; he sold it, in 1988, to mmmuffins founder Michael Bregman. As chairman and CEO, Khalil Al Gawad took Second Cup public in 1993.
How did Second Cup start?
In August, 1975, Second Cup was born as a kiosk shopping mall that sold six blends of specialty coffee beans This was a small yet impressive start to what was to come next – an exciting future as a staple canadian brand, brewing fresh, delicious coffees every day.
Does Starbucks own Second Cup?
Second Cup coffee chain sold for $14M to Quebec restaurant owner Foodtastic Aegis Brands Inc.
Is Second Cup a franchise?
Second Cup Coffee is listed in the Franchise Directory under the Food category It’s also listed in the section for Franchises Under $150,000.
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.
Why is Second Cup failing?
Lack of product quality and Innovation Customers found Second Cup coffee beverages to be boring, less caffeinated, and poor quality in comparison to the variety and quality in beverages that competitors like Starbucks and tim hortons offered.
Who started bridgehead?
Tracey Clark is the founder and CEO of Bridgehead Coffee. Since 2000 she has grown it to become Ottawa’s largest independent coffee company, with 19 coffeehouses, employing over 300 people.
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.
How many Second Cup franchises are there?
CELEBRATING 40 YEARS. With over 300 cafés across Canada, Second Cup Coffee Co.™ is Canada’s largest specialty coffee retailer, proudly serving premium coffee and amazing opportunities since 1975.
Is Second Cup struggling?
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.
Who bought bridgehead?
With headquarters in Toronto, Bridgehead ‘fairly traded’ coffee was well received by consumers, and within three years the business outgrew its informal structure and voluntary management. In 1984 Oxfam-Canada acquired the business and formally incorporated Bridgehead as a federal, for-profit company.
How much is a Tim Hortons franchise?
The capital required to open a unit is $60,000. The minimum you would expect to invest in a Tim Hortons location is $298,650. $1,394,000 is the maximum that someone opening a location should expect to invest. New franchisees can expect to pay a $25,000 franchise fee for the rights to open their own 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.
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 is the co founder of Second Cup the largest chain of coffee shops in Canada?
Francis O’Dea , OC (born 1945 in Montreal) is a Canadian entrepreneur, humanitarian and author. He left a lifestyle of homeless panhandling and in 1975 co-founded the Second Cup chain of coffee stores with Tom Culligan.
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 many Starbucks stores are in Canada?
The global coffeehouse chain, Starbucks, had 1,376 stores in Canada in 2021 Most of the chain’s establishments were company-operated, a figure amounting to exactly 908 stores, while the remaining 468 stores were licensed.
Is Second Cup going out of business?
” Our main focus is to keep as many Second Cups open until mid 2022 ,” he said. “After that we’re confident the brand itself will do well and at that point we’ll start expanding.” Aegis Brands said the sale will strengthen its balance sheet and allow it to accelerate its growth strategy through acquisitions.
How much is Starbucks franchise cost?
Initial Start-Up Funding The average cost to license a Starbucks store is $315,000 You’ll also need $700,000 in liquid assets to be considered.
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 locations does Second Cup have?
In 2019, the Canadian specialty coffee retailer Second Cup had 242 stores in Canada, down from 262 stores the previous year.
How old do you have to be to work at Second Cup Canada?
See questions about. Can a 16 year old work here？ Can a 14 year old work here? From my location, you have to be at least 16 years old.
Is Bridgehead a franchise?
Bridgehead will remain an independent brand under its new owners.
How many bridgeheads are there?
Bridgehead expanded from one outlet in 2000 to nine by 2008, and currently operates twenty outlets , requiring the company to provide calorie counts for all of its food products.
How many bridgeheads are in Ottawa?
The chain now has 19 locations in the city, she said, and employs 325 people. “In the very beginning, I always had a goal for Bridgehead that we would be local wherever we were, but that we wanted to be able to expand outside of Ottawa,” Clark said. “It’s an appropriate time, and it’s an appropriate opportunity.
How much does it cost to open a Gloria Jeans franchise?
What Does a Gloria Jean’s Coffees Franchise Cost? To buy a franchise with Gloria Jean’s Coffees, you’ll need to have at least $200,000 in liquid capital and a minimum net worth of $450,000. Franchisees can expect to make a total investment of $244,830 – $541,600.
How can I get a Starbucks franchise?
Unfortunately Starbucks is not a franchise so therefore you may not outright own one. But you can open a Starbucks as a licensor. The total investment is approximately $315,000. Starbucks prefers licensing to keep control over the stores and the product’s quality.
What syrup does second cup use?
Torani Cane Sugar Syrup – Second Cup Café™.
What vanilla syrup does second cup use?
Torani Puremade Maple Syrup – Second Cup Café™.