Saxbys Coffee

Last updated
Saxbys
Company typePrivate
Industry Fast food
FounderNick Bayer
Headquarters Philadelphia, Pennsylvania
Number of locations
24 cafes (As of March 2023)
Area served
 Pennsylvania, Maryland, Massachusetts, New Jersey, Ohio, Washington D.C.
Key people
Nick Bayer (Founder, CEO)
Products Fast casual/Bakery-café, including a variety of coffee including Espresso, classic drinks, cold brew collection, cold sandwiches, breakfast, smoothies, and teas
RevenueUS$ 15 million (estimate) [1]
Number of employees
500
Website saxbyscoffee.com

Saxbys is a certified benefit corporation fast casual restaurant on the eastern United States. Its headquarters are in Philadelphia, Pennsylvania. It sells coffee, other drinks, and bakery items. [2] Saxbys was founded by Nick Bayer who is the CEO.

Contents

History

Saxbys was founded in 2005 by Nick Bayer. Originally, Saxbys started off in Denver with an investment from Bayer, and it expanded into the Philadelphia region. [2] [3]

In 2009, Saxbys filed for bankruptcy as they were facing 18 lawsuits from former franchisees and investors who said the company owed them money. Even though the company was in court, they continued to open up new stores, including one in Center City, Philadelphia. According to Bayer, the company was re-built into "something we all believe in". [4] [5] [6] [7]

In September 2015, Saxbys moved its headquarters from Broomall, Pennsylvania, to Center City, Philadelphia. Their new headquarters is over 10,000 square feet and includes a Saxbys shop. [8] [9] [10]

Saxbys runs an "experiential learning platform" with colleges and universities, including Temple University, Rowan University, Pennsylvania State University, and Saint Joseph's University. It has 12 student-run cafes on college campuses. Students are able to become "student CEOs" or student café executive officers, receiving academic credit and salary. [11] [12]

Restaurants and locations

In 2014, the company launched an app for mobile payments at Saxbys location and receive rewards on the app for spending. [13] As of October 2015, 35 percent to 40 percent of Saxbys is corporate-owned and the balance was franchised. In 2015, Saxbys corporate bought out two franchises in Philadelphia, one in 30th Street Station and the other on the campus of the University of Pennsylvania. Both stores were "completely torn down and rebuilt."

Related Research Articles

<span class="mw-page-title-main">Horn & Hardart</span> American food services company known for automats

Horn & Hardart was a food services company in the United States noted for operating the first food service automats in Philadelphia, New York City, and Baltimore.

<span class="mw-page-title-main">Pep Boys</span> American automotive aftermarket service chain

Pep Boys is an American automotive aftermarket service chain. Originally named Pep Auto Supply, the company was founded in Philadelphia, Pennsylvania, in 1921 by Emanuel "Manny" Rosenfeld, Maurice "Moe" Strauss, W. Graham "Jack" Jackson, and Moe Radavitz. Pep Boys is headquartered in the Philadelphia suburb of Bala Cynwyd, Pennsylvania.

<span class="mw-page-title-main">Wawa (company)</span> Convenience store chain in the United States

Wawa, Inc. is an American chain of convenience stores and gas stations originating in the Philadelphia metropolitan area and located along the East Coast of the United States, operating in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Washington, D.C., Florida, Alabama, and North Carolina. Wawa is based in, primarily associated with, and mainly concentrated in the Philadelphia metropolitan area, though in recent years it has gradually expanded its store locations beyond the Philadelphia area. The company's corporate headquarters is located in the Wawa area of Chester Heights, Pennsylvania in Greater Philadelphia.

<span class="mw-page-title-main">Taco Bueno</span> U.S.-based fast-food restaurant chain

Taco Management LLC, doing business as Taco Bueno, is a U.S.-based, quick service restaurant chain specializing in Tex-Mex-style cuisine. The company is headquartered in Farmers Branch, Texas, in the Dallas–Fort Worth metropolitan area. Its first location opened in Abilene, Texas in 1967. The food chain has locations in Arkansas, Oklahoma, and Texas.

<span class="mw-page-title-main">Shopko</span> Defunct chain of retail stores

Shopko was a chain of department stores based in Green Bay, Wisconsin. All locations closed on June 23, 2019, with the exception of the Shopko Optical locations, which continue to operate.

PREIT is a privately held company that owns and develops shopping centers, mostly in the Mid-Atlantic states. The company was formerly known as Pennsylvania Real Estate Investment Trust.

<span class="mw-page-title-main">Century 21 (department store)</span> American department store chain

Century 21 Department Stores LLC is an American chain of department stores, headquartered in New York City, which had 13 locations in the northeastern United States at the time of its closing in 2020. In 2023, the flagship center next to the World Trade Center reopened.

<span class="mw-page-title-main">Così (restaurant)</span> American fast-casual restaurant chain

Così, based in Boston, Massachusetts, is an American fast-casual restaurant chain that is known for its homemade flatbread. The name comes from the opera Così fan tutte, which was a favorite of the original owner. As of November 2020, the company operated 20 locations in New York, Washington D.C., Virginia, Pennsylvania, Massachusetts, Connecticut, Illinois, Indiana, and Ohio, down from 66 at the beginning of the year. The chain filed for Chapter 11 bankruptcy in February 2020.

<span class="mw-page-title-main">The Giant Company</span> American supermarket chain

The Giant Company is an American regional supermarket chain that operates in Pennsylvania, Maryland, Virginia, and West Virginia under the Giant and Martin's brands. It is a subsidiary of Ahold Delhaize, and headquartered in Carlisle, Pennsylvania. As of September 2020, the company operated 190 stores, 133 pharmacies, and 105 fuel stations. The chain also provides online shopping and delivery to New Jersey through Giant Direct.

Albert Boscov was an American businessman and philanthropist. He was the long-time head of Boscov's Department Stores and served as the company's chairman and CEO until retiring in 2015. In 2009, Boscov led a buyout of the chain in order to rescue it from bankruptcy.

Philadelphia Media Holdings LLC was an American holding company located in Philadelphia, Pennsylvania, United States. Founded by Brian Tierney in 2006, the company owned The Philadelphia Inquirer and Philadelphia Daily News. After The McClatchy Company bought Knight Ridder in 2006, it announced it would sell, among other newspapers, The Philadelphia Inquirer and Philadelphia Daily News. Interested in buying the papers, Brian Tierney assembled a group of Philadelphia businesspeople and investors to make a bid. In May 2006 Philadelphia Media Holdings bought the papers for $515 million plus the assumption of the newspapers' liabilities. Declining circulation and ad revenue for The Inquirer and Daily News caused financial strain, which resulted in the filing for Chapter 11 bankruptcy protection. The company's creditors acquired the newspapers at auction and established a new holding company, Philadelphia Media Network, in 2010.

<span class="mw-page-title-main">Weitzman National Museum of American Jewish History</span> Jewish Museum in Pennsylvania, U.S.

The Weitzman National Museum of American Jewish History is a Smithsonian-affiliated museum at 101 South Independence Mall East at Market Street in Center City Philadelphia. It was founded in 1976.

Saladworks, LLC is a restaurant franchise that serves made-to-order entrée salads, wraps, soups, and sandwiches. Saladworks restaurants are categorized as fast casual, and the company markets its menu as a healthy alternative to other fast food fare. The franchise currently operates 150 restaurant locations in 22 states and is developing locations internationally. It continues to develop exclusively through its Multiple Unit Development approach, focusing on development in metropolitan areas throughout the United States. The restaurant chain also has stores in Canada.

<span class="mw-page-title-main">Dutch Bros. Coffee</span> American drive-through coffee chain

Dutch Bros Inc., originally written Dutch Bros., is a publicly held drive-through coffee chain in the United States. Founded in 1992 by Dane and Travis Boersma, it is headquartered in Grants Pass, Oregon, with company-owned and franchise locations primarily located in the western United States, although the company has expanded as far east as Davenport, Florida.

<span class="mw-page-title-main">Insomnia Coffee Company</span> Irish coffee chain

Insomnia Coffee Company is an Irish chain of coffee shops, with headquarters in Dublin. Its first location opened in the back of a Galway bookshop in August 1997. The company has over 150 cafés and over 400 self-service units in operation around Ireland. Insomnia outlets serve both hot and cold drinks, coffee, sandwiches, salads, soups, snacks, cakes, and pastries.

<span class="mw-page-title-main">Museum of the American Revolution</span> History museum in Pennsylvania, U.S.

The Museum of the American Revolution, formerly The American Revolution Center, is a museum in Philadelphia, Pennsylvania dedicated to telling the story of the American Revolution. The museum was opened to the public on April 19, 2017, the 242nd anniversary of the Battles of Lexington and Concord, some of the battles of the American Revolutionary War, on April 19, 1775.

<span class="mw-page-title-main">Slyce</span>

Slyce Inc. is a visual search and recognition company headquartered in Philadelphia, Pennsylvania, with operations in New Waterford, Nova Scotia. The company developed image recognition technology that can identify products based on a picture and allow the user to purchase the item on their smartphone. The company has partnered with a number of retailers in the United States and Europe to operate its technology inside their mobile applications, including Neiman Marcus, Best Buy, and Home Depot. The company also operates two other mobile apps, Craves, and SnipSnap.

Gopuff Digital delivery service

GoBrands, Inc., doing business as Gopuff, is an American consumer goods and food delivery company headquartered in Philadelphia. The company operates in more than 650 US cities through approximately 500 microfulfillment centers as of October 2021. It also operates in the United Kingdom, following a takeover of Newcastle upon Tyne-based Fancy. As of July 2021, the company was valued at $15 billion.

<span class="mw-page-title-main">Live! Casino & Hotel Philadelphia</span>

Live! Casino & Hotel Philadelphia is a casino hotel in Philadelphia, Pennsylvania that opened in 2021. The casino is in South Philadelphia near the South Philadelphia Sports Complex. It has 208 hotel rooms, 2,100 slot machines, 150 table games, and a sportsbook. It is owned by Gaming and Leisure Properties and operated by The Cordish Companies. Cordish also operates Xfinity Live! Philadelphia nearby.

<span class="mw-page-title-main">David J. Adelman</span> American businessman (born 1972)

David J. Adelman is an American businessman and entrepreneur. He is the CEO of Campus Apartments, the Co-Founder and Vice Chairman of FS Investments, and the Founder of Darco Capital Chair. Adelman is also a limited partner of Harris Blitzer Sports & Entertainment, which owns and operates the Philadelphia 76ers and New Jersey Devils. His net worth was estimated by Forbes to be $2 billion in May 2023.

References

  1. ↑ "INQ_Jobbing_Saxbys_Investors_Entrepreneurship_Bayer". The Philadelphia Inquirer. Retrieved 2017-11-22.
  2. 1 2 "About". saxbyscoffee.com. Retrieved 2017-11-22.
  3. ↑ "Q&A: Nick Bayer of Saxbys Coffee". phillymag.com. 30 October 2015. Retrieved 2017-11-22.
  4. ↑ "Why Saxbys filed for bankruptcy". The Philadelphia Inquirer. 2009-09-04. Retrieved 2017-11-27.
  5. ↑ "Saxbys readies new Center City store". The Philadelphia Inquirer. 2009-08-21. Retrieved 2017-11-27.
  6. ↑ "Saxbys Coffee boss says bankruptcy won't slow growth (Update)". The Philadelphia Inquirer. 2009-08-17. Retrieved 2017-11-27.
  7. ↑ "Saxbys CEO: My company thrived after we went bankrupt; so can the Please Touch Museum". Billypenn.com. 2015-11-30. Retrieved 2017-11-27.
  8. ↑ Hilario, Kenneth (Sep 11, 2015). "Saxbys celebrates HQ move to Center City". The Business Journals. Philadelphia Business Journal. Retrieved 2019-11-02.
  9. ↑ Lefton, Clara (Nov 7, 2016). "Cool offices: Saxbys Coffee". The Business Journals. Philadelphia Business Journal. Retrieved 2019-11-02.
  10. ↑ Hilario, Kenneth (Sep 9, 2015). "Saxbys' new Center City HQ to push expansion". The Business Journals. Philadelphia Business Journal. Retrieved 2019-11-02.
  11. ↑ Klein, Michael (September 10, 2018). "At Penn State, Saxbys opens its 7th student-run coffee shop". The Philadelphia Inquirer. Retrieved 2019-11-02.
  12. ↑ "Student-Run Coffee Shop Opens on Monday". Saint Joseph's University. 2018-09-28. Retrieved 2019-08-20.[ dead link ]
  13. ↑ Taylor, Jeff (2014-06-17). "Saxbys Introduces a New App for Your Coffee Fix". The Droid Lawyer. Retrieved 2017-11-27.

39°57′15″N75°10′26″W / 39.9542°N 75.1740°W / 39.9542; -75.1740

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.