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Thread: Canada Agency Buys Starbucks for Hospital

  1. #1
    Cyburbian Plus
    Registered
    Jun 2003
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    curiosity
    Posts
    21,423

    Canada Agency Buys Starbucks for Hospital

    As seen on the AP wire, June 9, 2004:

    SASKATOON, Saskatchewan -- The Saskatoon Health Region is buying a Starbucks coffee franchise for Royal University Hospital to boost funding for patient care, an official says.

    "The business case is strong for a very healthy return, which is making it worth our while," said Sandra Blevins, vice president of the agency. "It's a brand that people are receptive to and one that's having success other places."

    Agency officials expect to pay about $35,000 ($25,900) for an operating license from Starbucks and anticipate an annual profit of about $100,000 ($74,000) once it opens in September.

    The profits, minus 7 percent in royalties, will be used for patient care, Blevins said.

    She estimated more than 5,000 people pass through the mall area of the hospital every day.

    The Starbucks will replace a locally owned coffee kiosk called Barista, and another small store also will be closed, she added.

  2. #2
    maudit anglais
    Registered
    May 1997
    Location
    Odd-a-wah
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    6,589
    This ties nicely into the recent thread "Is Starbucks Locating in Less Trendy Areas". If there's a less trendy place than Saskatoon, I've yet to hear of it

    Sorry Saskatoonians

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