 | |
| Company type | Subsidiary |
|---|---|
| Industry |
|
| 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+[2] |
Key people | |
| Products | Coffee and related products |
| Brands | Coffee Beanery |
| Services | Manufacturing, Franchising & Retail |
| Revenue | ~$14 million[3] |
Number of employees | 35 |
| Parent | Shaw Coffee Company[4] |
| Website | coffeebeanery |
The Coffee Beanery, Ltd. is aFlushing, Michigan basedchain of coffee shops operating in the United States, Asia, and U.S. Territories. It was founded inDearborn, Michigan in 1976 by JoAnne and Julius Shaw.
In 1976, JoAnne and Julius Shaw began selling specialty coffee to consumers in their first store atFairlane Town Center[5] in Dearborn, Michigan.[1][6] As of February 2007, the company had 131franchise locations in the United States and another 25 in other countries.[3]
The company makes most of its money selling franchises and equipment, not the product itself.[3] Most shops close within three years; since the company's founding, more than 100 franchises have failed.[7]
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.[3][8]In the judge's court order, he ruled “This case is buyers’ remorse” and the case was settled in 2013.[9]
