FRIDAY Legal Solicitors have just completed a first round equity funding for a major new retail operation that is about to launch exciting new coffee outlets in London.
The three founder shareholders of Whoa! Coffee have between them a long history in coffee retailing and have created an entirely new concept in retail coffee shops. The brand will be new, fresh, quirky and will concentrate on the provision of great tasting, great value coffee, without the current trappings of the big major retailers.
Friday Legal Solicitors have been advising the founders on the formalities of incorporation, the intricacies of trademark law and intellectual property protection as well as employment law and commercial landlord and tenant law. Most importantly, however, Friday Legal have, in association with the founders, created the documentation required to attract, retain and reward the first round equity investors who, together with the founders, have raised the funding that is needed to launch the first concept shop in central London.
Whoa! Coffee is the brainchild of a collaboration between a dynamic group of people who are ready to shake up the coffee industry. Between them they have years of entrepreneurial success in retail, coffee, marketing and leisure and feel that this project is their most exciting one to date.
Chris Pruden, Managing Director, said: “The launch of Whoa! Coffee is a very exciting time for us and is a culmination of months of hard work and efforts. We are confident that with the experienced team of professional advisors that we have around us, including Friday Legal Solicitors, the launch will be a great success and in due course we are intending to roll out the brand across multiple sites in a relatively short space of time.”
Douglas Iles, Head of Corporate law at Friday Legal said: “There are a lot of different ways in which equity funding can be structured, and Friday Legal have the expertise and experience to guide clients through the choices so that informed decisions can be made for the benefit of both investors and funders. While giving such advice and making our recommendations, we keep our eye on the bigger picture and the long term plans and goals of our clients.”
Friday Legal Solicitors are commercial business focused solicitors who have a great deal of experience in advising entrepreneurial businesses and companies and in creating and negotiating investment and subscription agreements needed for raising seed and later-stage capital for projects. Advice and expertise extends to the structuring of such arrangements and the implementation of the tax efficient investment structures that are available to such innovative start-ups.
Friday Legal Solicitors can be contacted by calling 01536 218888 or by emailing [email protected]
