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Re: sicofbs post# 31810

Wednesday, 06/04/2014 2:06:59 PM

Wednesday, June 04, 2014 2:06:59 PM

Post# of 45244
They have shown an ability to announce stores.

- Ten in TX (as I recall; two eventually opened).
- Five in AZ (two eventually opened)
- One in NJ (none so far)

But that is different than opening profitable locations. The fact is that in the last 2.5 years, open store count has gone from eight to ten (none in the aforementioned three states), with 5 stores closed (for those who care about profitability, who knows the ongoing real estate cost burden alone of the closed stores, plus unamortized improvements; perhaps that is part of 'Unidentified...Assets,' now totaling $7.6M).

On Jan 22, the company announced the planned opening of the third Southwest Florida store 'early in second quarter 2014'. So far, no address or picture on baristastv.com. Anyone know about it?