Coffee Nation UK
A disappointing performance from Costa Coffee and Premier Inn hit Whitbread shares. Photograph: Sarah Lee for the Guardian
Co-founded by entrepreneurs Scott Martin and Martin Dawes in 1999, it set out to prove that you can get "real" coffee from a machine. The kit, it claims, is different from typical hot drink vending machines as they use freshly ground coffee and fresh milk – "no powder, creamer or artificial products for us".
The deal puts Costa in the lead in the fast-growing "self service" coffee market which is aimed at consumers so time starved they don't "want the fuss of queueing at a coffee shop". Analysts predict this segment, which at present revolves around service stations and supermarkets, will expand from 70m cups today to 500m by 2020. Coffee Nation operates almost half the 2000 self-serve counters that comprise the market.
As well as being quicker, it is also cheaper. The average cup of white coffee from the machines comes in at £2 compared with £2.45 from a walking, talking barista at Costa.
Coffee Nation last changed hands for £24m three years ago and Wednesday's deal meant its backers – Milestone Capital and Investec Growth & Acquisition Finance – have doubled their money. Dawes had already cashed in his chips making Martin, its chief executive, and finance director Simon Vardigans the main beneficiaries of the £5m-£6m payout scooped by management. Martin is staying on to run the venture for Costa.
Whitbread plans to rebrand Coffee Nation's 900 machines – which are found in Tesco stores as well as at Welcome Break and Moto service stations – as Costa Express and embark on an aggressive expansion to up to 3000 locations, targeting hospitals, universities and train stations where large numbers of people are on the move.i do plethora of good deeds where inthe bible does say about good deeds christian monk good deeds without moral intent not all good deeds are right quote: alll good deeds spreading islamic knowledge social media for good deeds islam good deeds celebrities have done provoke one another to good deeds prince good deeds let them see your good deeds and glorify your father in heaven the words “good words, good thoughts, good deeds” were used to sum up the view of morality of the “consider how to stimulate one another to love and good deeds the rev. bruce stanley speaks about grace buckley's good deeds. good deeds good songs klingon good deeds streaming online free make a list of good deeds good deeds paper why do people brag about good deeds good deeds and bad deeds gif tyler perry good deeds free full ovie online hadith doing good deeds until death overtook cookie for good deeds good deeds get multiplyed by what good deeds good deeds means good deeds cast good deeds meaning good thoughts good words good deeds good deeds movie good deeds quotes good deeds examples 100 good deeds for eddie mcdowd tyler perry good deeds no good deeds watch no good deeds movie no good deeds no good deeds netflix keanu reeves good deeds good deeds synonym a good deeds no good deeds torrent tyler perry's good deeds no good deeds movie no good deeds imdb the good deeds a man has done before defend him good deeds mortgage no good deeds review good deeds that famous people do no good deeds putlocker bible verses about good deeds no good deeds reviews good deeds to do good thoughts good deeds no good deeds free online doing good deeds quotes no good deeds tyler perry good deeds moving ring of good deeds quotations about good deeds 100 good deeds people doing good deeds tyler perry's good deeds movie what are good deeds no good deeds movie online good words good thoughts good deeds do good deeds doing good deeds good deeds for kids good deeds of kane of old guy no good deeds red box no good deeds redbox bragging about good deeds quotes an afternoon of good deeds? bragging about good deeds quotes about doing good deeds without recognition examples of good deeds good deeds app xenoblade 2 perun good deeds bible verse about doing good deeds without recognition good thoughts good words good deeds tattoo clifford's good deeds daddy good deeds list of good deeds spur one another on to love and good deeds trump's good deeds no good deeds go unpunished good deeds pembroke good deeds in the bible
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