Murphy Business & Financials is pleased to announce the transaction between Global Village Organic Coffee and 50 Cups LLC.
Global Village Organic Coffee is a privately held independent coffee shop serving organic coffee and baked goods since 2000, located at 2428 Hillsborough Street in Raleigh.
Michael Ritchey, Owner of Global Village Organic Coffee, commented on the transaction, “I would like to thank Tully Ryan and the full Murphy Business & Financial team for the smooth facilitation of the sale. The level of professionalism, discretion, and transparency displayed by everyone from start to finish is unparalleled. As a seller, we were guided every step of the way, with no pressure or unanswered questions. Every concern, query or change of strategy was met with prompt and courteous responses. Tully and his team worked hard to earn my trust. I can’t speak highly enough of my experiences with Tully and his entire team at Murphy Business and Financial.”
Jim Baker, Chief Executive Officer for 50 Cups LLC, remarked, “The process of acquiring Global Village Organic Coffee was well managed and was executed in line with the timelines set out by the parties. Murphy Business & Financial effectively managed all the interactions between the parties in a professional and obliging way, and we found the team a pleasure to work with.”
50 Cups, www.50cupstea.com, a start-up, with a concept of promoting health through organic tea, coffee, and baked goods emphasizing specific health benefits in each drink or food serving. 50 Cups is currently targeting the Raleigh, Durham, and Chapel Hill areas and will focus exclusively on dine in facilities.
About Us
Providing business owners of large main street and the lower middle market sized businesses (between $1 million and $25 million in revenue) with creative, value-maximizing solutions for exiting their businesses. To date, Murphy Business Services has handled engagements in excess of $3.0B across various industries in North America. With decades of M&A experience, Murphy Business’ Eastern North Carolina deal team have assisted owners with achieving their personal objectives. Our Business Intermediary and M&A experts can help you figure out if you are ready to sell your business, create an exit or succession plan, and find the right buyer. We look forward to starting the conversation about the possibilities that your future holds.
The Eastern North Carolina (NC) office provides intermediary services in Greenville, Fayetteville, Wilmington, Jacksonville, Rocky Mount, New Bern, Wilson, Washington, Elizabeth City, Nags Head, Kill Devil Hills, Duck, Kinston, Goldsboro, Havelock, Lumberton, Tarboro, surrounding areas, also with strategic buy-side clients in Raleigh, Durham and Chapel Hill.
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