The Grape Franchisor Ushers into Bankruptcy Court
November 9, 2008
According to the Atlanta Journal Constitution, the franchisor of the The Grape wine bar chain has filed for Chapter 11 bankruptcy protection.
The chain has five Atlanta locations and nearly a dozen in other states.
The Grape has more than $2 million in outstanding debts, according to a bankruptcy filing. Two of its executives are owed more than $140,000 in back pay.
The company is asking for a federal bankruptcy judge in Atlanta to approve debtor financing while the company reorganizes.
A spokesperson for the chain couldn’t immediately be reached Thursday night.
The chain was founded by Jack Mazur in Vinings. Michael Coles, former CEO of Caribou Coffee, is a member of the advisory board.
The star Usher made headlines when he opened a franchise of the Grape in Inman Park. His restaurant is not part of the bankruptcy petition.
The Grape’s is not a low franchise investment, costing between $943,000 to $1.4 million to open a Grape franchise.
Will these franchisees get the support they paid for now that the franchisor is struggling to survive?
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CURVES: Robert Lay’s Story
August 27, 2008
CORK & OLIVE: Oldsmar Store Reopens; C&O Coming to Ocala?
August 24, 2008
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Former Ex reports that the Cork & Olive store in Oldsmar, FL has reopened. Who is the current owner? Who is at the helm? Will other closed stores begin to reopen? Share a comment below.
Oldsmar has reopened - no way in this econmoy will C&O be able to rebound… went in tasted listened to there stories… Same old wine, same old story, no uniforms, looking desperatly for experienced help… Glad to see no familar faces fell for there BS….
I DIDN’T PURCHASE AND WOULD NEVER PURCHASE ANY C&O PRODUCTS
The Ocala Star Tribune reports that
OCALA - This week two of the biggest retail stores at Market Street at Heath Brook silently opened their doors.
Friday afternoon, excited and bewildered shoppers marched into DSW Shoes and Old Navy happy that their anticipated openings had come. Both stores opened Thursday, but Old Navy customers wondered why there was no fanfare, advertising or notice about the opening. There was only a white, roadside billboard on State Road 200 with a list of the stores opened.
* * * * *
Many storefronts throughout the retail and restaurant development are posted with signs of what’s to come. They include:…* Cork & Olive, a try-before-you-buy wine and spice store. The opening date is unknown.
WHAT’S THE STORY? IS CORK & OLIVE STAGING A BOLD COMEBACK? IF SO, WILL THEY SUCCEED?
CORK & OLIVE: New Ownership & Franchise Rumors
August 10, 2008
Rumors are flying that Rainer Appold has led a group of investors in buying what’s left of the Cork & Olive franchise company, currently in bankruptcy. Unconfirmed rumors (posted at UnhappyFranchisee.com) also have it that Appold’s group plans to resume franchise expansion and franchise sales of Cork & Olive stores.
Is there any basis to these rumors? Any verifiable info posted on these developments?
Also, how are the Cork & Olive stores - left in the lurch by founder Michael Probst - doing since the bankruptcy? How are sales? Are you holding your own?
CORK & OLIVE: The Probst Method of Guilt Avoidance
July 22, 2008
A key skill for CEOs of imploded franchise companies is denial, accompanied by a ninja-like avoidance of any admission of responsibility. Unsurprisingly, that same trait usually helped them get in that situation in the first place.
Cork & Olive’s Michael Probst demonstrated his prowess in another hardhitting interview with Tampa Bay Online: Cork & Olive Owner Hopes To Reopen Stores Here are a few of the implicit questions asked, and the answers given.
Q. Why is the Northwoods Cork & Olive store closed?
A. “Repairs”
This lie is a non-issue for both Probst and the writer, who refers to the dishonesty of the “Closed for repairs” sign as a “euphemism.”
Q. Why did Cork & Olive parent Probst’s Estate Wine Group file for chapter 11 bankruptcy protection?
A. “a key investor backed out of a deal”
Well done. It was the fault of a “key investor.” No one will point out that if he did not invest, he was not an investor. And if he was not an investor, how was he “key”?
Q. Did Probst leave franchisees high and dry?
A. Not at all. He “set them free.”
Brilliant! Bravo! Franchisees each paid you $60,000 franchise fees only to be uncaged and set free like little songbirds!
Q. Will the store open
A. Shortly. “We are waiting on an investment group to step in and take over”
Not the masterful subtlety. A “key” investor group would have been overkill. He doesn’t say there is one, just that they’re waiting. Of course, the reason he originally gave for the investor backing out was his unwillingness to let them “take over.” But that was weeks ago.
Q. Why did the Cork & Olive franchise company fail?
A. “‘I really think that, looking back, it grew too fast,’ Probst said.”
That darn company! How many times did he tell it to slow down? But you know companies… got a minds of their own. Spending like drunken vintners. Running up millions in debt.
It’s a good thing for Michael Probst set the franchisees free and got out of there when he did! Think of what that darn Cork & Olive might have done to his good name!
CORK & OLIVE: How to Make Pruno (Prison Wine)
June 29, 2008
In Pruno Veritas. What is Pruno? In prisons, it is cellblock wine made from fruit, sugar and, often, moldy bread. It is potent, easy to brew and best drunk with nose pinched. One writer describes it is “a full-bodied wine with a bouquet redolent of moldy peaches and a finish that can evoke everything from all-purpose bathroom cleaner to uric acid.”
The most famous recipe for jailhouse pruno comes from Jarvis Masters, a death row inmate at San Quentin who won a PEN Award for his 1992 poem “Recipe for Prison Pruno.”
Recipe for Prison Pruno
Take orange peels, fruit cocktail and water and heat it for 15 minutes in your sink with hot water. Keep mixture warm with towels for fermentation. Leave hidden and undisturbed for two days. Add sugar cubes and 6 teaspoons of ketchup. Heat for 30 minutes. Wrap and leave undisturbed for three more days. Reheat daily for 15 minutes for three more days. Skim and Serve.
The poem ends: “May God have mercy on your soul.”
In his 1994 Book “You are Going to Prison” by Jim Hogshire, Jim offers tips on making prison wine:
“Prison hooch can be made in your cell toilet (as long as you don’t mind using other people’s toilets or finding some other solution), or more often, in plastic trash bags. The recipe is simple: make a strong bag by double or triple-bagging some plastic trash bags and knotting the bottoms. Into this, pour warm water, some fruit or fruit juice, raisins or tomatoes, yeast, and as much sugar as you can get ahold of (or powdered drink mix). Now tie off the top of the bag, letting a tube of some kind protrude so the thing won’t explode while it gives off carbon dioxide. Now hide the bag somewhere and wait at least three days. A week is enough.
If you choose to brew your wine in your cell, you’ll need to hide it behind your bunk and do what you can to hide the smell. Burning cinnamon as incense is one way. Spraying deodorant around is another. Normal wine takes at least a month if not six weeks to make at all properly — but in hell, this is all you get.“
One of the problems you have right away with making wine in prison is the difficulty getting yeast. It’s a strictly forbidden item and you might not be able to get any. In this case you can improvise the by using slices of bread, preferably moldy (but not dry) and preferably inside a sock for easier straining.
Perhaps the Cork & Olive franchisees might chip in and buy Michael and Stephanie each a copy of Hogshire’s “You are Going to Prison.” It might be a fitting parting gift.
RELATED STORY: FranWorst.Com Prison Wine Franchises Available
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CORK & OLIVE: Probst Prison Wine (Humor)
June 27, 2008
The folks over at FranWorst.com are dedicated to celebrating the worst franchise opportunities and the worst product ideas in franchising. They have asked Unhappy Franchisee and Franchise Pick readers to serve as a focus group for a potential new line of wines based on the Olde World tradition of handmade prison wine. For decades, prisoners have made their own wine by mixing common ingredients such as stale bread, fruit, ketchup, and sugar in their cell toilets and fermenting each batch in plastic garbage bags.
CLICK IMAGE TO ENLARGE.
If Cork & Olive’s wine connoisseur Michael Probst were to go to prison, the collaboration between this reknowned wine retailer and resident prison winemakers (many of whom have spend 30 years, 40 years to life perfecting their craft) could spark a renaissance in prison wine and create a whole new wine niche.
The market for this wine would be both ex-inmates and parolees who developed a taste for this vintage but haven’t been able to purchase it since their release, and fine wine drinkers who realize the quality produced by those who could get shanked for a single bad bottle.
Cork & Olive stores would be given priority purchasing tights and even have the option of private labeling some of the specialty lines, like San Quentin Reserve, Cell Block C, Lifer’s Liebfraumilch and the specially aged 20 to Life.
WHAT DO YOU THINK? WOULD YOU BUY/SELL PROBST PREMIERE PRISON WINE?
CORK & OLIVE: Trinity’s Life After Franchise
June 26, 2008
According to the June 25, 2008 story by Carl Orth in The Suncoast News, Cork & Olive Trinity is positioned to “uncork the secret to success” after the collapse of the franchisor company. The store is heavily discounting its wines up to 75%? May be changing its name?
Cork & Olive Trinity has remained open at 10700 S.R. 54, manager Jesse Boblooch reports, even while the nine-store chain based in Tampa collapsed.
“We weren’t affected by corporate closing because we are an independent franchise,” Boblooch said. “However, I feel business was affected because of the articles (which) ran, people assumed we were closed.”
The store is moving in new directions, with a name change possible in the future, Boblooch reports.
“We have brought in a bunch of new sweet wines to our store, people around here always ask” for them, Boblooch said. To give the store its own personality, the staff has hand selected wines such as Villa Rose Moscato, Jonesy Port and Hey Mambo.
In the meantime, the corporate inventory of wines has been heavily discounted by as much as 75 percent off.
“We are coming up with some new ideas, and plan on making some changes to the whole store concept,” Boblooch pointed out. “We will still feature the free daily wine tastings that is a great way for us to get to know our customers and find out what they are looking for.”
Is Trinity part of the franchisee co-op? Is this article accurate?
WHAT DO YOU THINK? SHARE A COMMENT BELOW.
CORK & OLIVE: Who is Deborah Augenti?
June 22, 2008
(Unhappy Franchisee) Here’s a post by TAKEN. Who is Deborah Augenti? Have you had dealings with her? What’s her reputation? What’s her role been thus far? What do you think her role will be - if any - moving forward?
Taken wrote:
“for your viewing pleasure seems vinocean and deborah are one of the same. ahhh one big happy family. as you can see from the website it is listed as the same compnay.
https://www.myfloridalicense.com/LicenseDetail.asp?SID=&id=F609107AF6B194781E6E6B05C23DB969
| Name: MILAM, JAMES CRAYTON (Primary Name) (DBA Name) Main Address: UNIVERSAL WINE CORPORATION 6309 S. MAC DILL AVENUE, #1429 TAMPA Florida 33611 County: HILLSBOROUGH License Mailing:LicenseLocation: License Information |
AUGENTI, DEBORAH KAREN (Primary Name) (DBA Name) Main Address: UNIVERSAL WINE CORPORATION 4025 TAMPA RD STE 1117 OLDSMAR Florida 34677 County: PINELLASLicense Mailing: LicenseLocation: License Information |
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Cork & Olive: Will Rainer Appold Seize Hold of the Reins?
June 22, 2008
(Best Franchise Opportunities) Rumors are swirling about what will and/or should happen next with the troubled Cork & Olive wine franchise chain. Some say Rainer Appold will soon take ahold of the reins.
Dummy wrote:
"So the word on the street is that Rainer is going to re-open the franchise corp. He will be running the show. Who knows?" and "Not all of the other franchisees are on board with this. Several would not touch Rainer with a ten foot pole. Burn me once, shame on you. Burn me twice, shame on me."
Adam asked:
"What are people’s opinions of Rainer Appold? I’m told that he and a few others are putting up money to revive Cork and Olive without any involvement of Michael Probst.
Does anyone know if it’s true that Appold and Probst are not getting along these days?
Can a Cork and Olive led by Rainer Appold succeed?
I’m told that most of the current franchisees are on board with this, except for the stores owned by Rick Munroe. Does anyone know if this is true/not true?"
WHAT DO YOU THINK? WHO IS RAINER APPOLD? DOES HE HAVE A GOOD REPUTATION? CAN AND WILL HE PULL TOGETHER CORK & OLIVE & GET IT BACK ON TRACK?
AND WHERE IS MICHAEL PROBST IN ALL THIS?
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