Baristas Coffee Company, Inc. (BCCI)

[BobSinCA]

In late 2011, the company forecast the opening of 50 franchise store in 2012. Not sure what the final number was, but certainly less than five.

In retrospect, we should have been cynical about the claim at the time, since the company had not even filed the required papers to enable franchising in half of the states, including the most logical next market California.

With papers filed, perhaps more will open. We are now almost halfway through the year, I think BCCI has opened only one store so far (Tempe) -- not sure if franchised or not, I believe PR was silent on the subject; five Phoenix stores were announced almost 18 months ago, to be opened by the end of Q1 2012, so far two have been opened -- and one of those (Fountain Hills) has frequently been closed.