| Ticker: DDRX | 2144 Michelson Drive | |
| Exchange: NASDAQ-National Market | Irvine, California 92612 | |
| Industry: Retail | (714) 260-1600 |
| Type of Shares: | Common Shares | Filing Date: | 7/23/96 | |
| U.S. Shares: | 2,200,000 | Offer Date: | 9/11/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.50 - $11.50 | |
| Primary Shares: | 1,600,000 | Offer Price: | $9.50 | |
| Secondary Shares: | 600,000 | Gross Spread: | $0.57 | |
| Offering Amount: | $24,200,000 | Selling: | $0.33 | |
| Expenses: | $1,400,000 | Reallowance: | $0.10 | |
| Shares Out After: | 5,391,650 |
| Manager | Tier | Phone |
| Boston Group | Lead Manager | (800) 382-3220 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 1/31/96 | 5/1/96 | 4/25/95 | 5/1/96 | ||
| Revenue: | $10.24 | $4.28 | $2.06 | Assets: | $8.91 |
| Net Income: | $0.19 | $0.11 | $0.06 | Liabilities: | $5.50 |
| EPS: | $0.06 | $0.03 | Equity: | $3.41 | |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| Diedrich Coffee is one of the leading specialty coffee roster/retailers in the United States and currently operates thirty-six coffeehouses located in Southern California, Colorado and Texas. At each of the Diedrich Coffee offers a broad range of Italian-style beverages such as espresso, cappuccino, caffe latte, caffe mocha and expresso machiato. To complement beverage sales, the company sells light food items and whole bean coffee through its coffeehouses. The first retail store under the name Diedrich Coffee commenced operations in Orange County, California in 1972. The company grew from three coffeehouses in fiscal 1992 to thirty-six coffeehouses as of July 19, 1996 through the construction of new coffeehouses and recent acquisitions. In addition the company has entered into leases that will permit the opening of six additional coffeehouses in the next four months. The company's expansion strategy is to own and operate newly-developed coffeehouses and to acquire and convert existing specialty coffee retailers in geographic regions where it believes it can operate profitably. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of the amounts outstanding under the company's short term revolving credit facility and a revolving promissory note and funding for the opening of additional coffeehouses (through new store construction and acquisitions). infrastructure enhancements, repayment of certain other indebtedness, working capital and other general corporate purposes. |
©1996 IPO Data Systems, Inc. - All rights reserved.