New England Businesses for Sale | New England Commercial Real Estate » merger and acquisition http://www.newenglandbusiness.com Fri, 12 Feb 2010 04:05:53 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 Manager Purchases Franchised Restaurant Publication http://www.newenglandbusiness.com/2008/11/maine-manager-purchases-franchised-restaurant-publication/ http://www.newenglandbusiness.com/2008/11/maine-manager-purchases-franchised-restaurant-publication/#comments Wed, 05 Nov 2008 15:49:14 +0000 Contributing Editor http://www.newenglandbusiness.com/?p=65 BANGOR, ME – William (Bill) Buckley of Bangor, ME and President of Coffee News USA, Inc.  has purchased the parent company and intellectual property rights for the Coffee News franchise system, Manitoba, Inc., located in Winnipeg, Manitoba.  Mr. Buckley has operated the company under a Management Continuity Agreement since March 1, 2006, when founder Jean Daum became ill and died in mid 2007.

The purchase includes all stock of the corporation from the Estate of Jean Daum, the copyrights and trade dress of the publication and all existing franchise agreements in force in 32 countries.  Manitoba, Inc. will continue operations in Winnipeg, Manitoba where Coffee News has been publishing for 20 years. Manitoba, Inc. reported 1142 franchises in force as of July 31, 2008 in 32 countries. 

Jean Daum founded Coffee News in 1988 after realizing restaurants were missing an opportunity to provide patrons with some entertaining reading while they waited for their food. Coffee News was launched and according to the company, it has become both the world’s largest restaurant publication and franchise publication with an estimated readership of over 8 million weekly readers.

Community based-businesses purchase exclusive advertisements in Coffee News targeting restaurant patrons as they dine.  Participating restaurants receive weekly quantities of the publication free of charge and Coffee News does not allow restaurants to advertise for competitive reasons.

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