Baristas Coffee Makes Bid to Acquire Tully’s

Baristas press photo

Seattle-based Baristas Coffee Company, which relies a business model that involves scantily clad female baristas manning drive-throughs, has made a bid to acquire Tully’s, which filed for Chapter 11 bankruptcy in October.

Tully’s announced late last month that it planned to sell its chain of 47 coffee shops to a Colorado-based private equity firm, Kachi Partners, for $4.3 million dollars, after the firm was the lone company that offered to purchase all of Tully’s Assets. Baristas has met the new Dec. 27 bidding deadline.

In a press announcement, Baristas said it has formed a new company, Baristas Acquisition Partners, to help complete the deal. “The BAPI proposal would continue to maintain and operate the Tully’s locations with the existing employees under the Tully Coffee brand,” the company said.

Baristas currently operates six Seattle-area stores under its own brand, as well as stores in four other states.

The Bankruptcy Court has set Jan. 11, 2013 as the hearing date for approval of the sale of Tully’s assets.