Poppin' Up Gourmet Popcorn Shoppes
July 9, 2015
-- SUPREME ADVISORY GROUP, INC. today announced that Supreme Capital Group’s New Ventures Fund, has completed the acquisition of Poppin’ Up Gourmet Popcorn Shoppes, LLC for $80 million. Poppin’
Up is a start-up franchising company based in Duluth, GA that operates gourmet popcorn shops in food courts and dining halls located exclusively on college campuses throughout the U.S. and Canada.
The New Venture Fund’s investment will provide funds for expansion and enable the firm to install an experienced management team that will add value by providing better franchisee services and state-of- the-art technologies to improve its supply chain, financial controls, and internal reporting systems.
Tom Elliott, Managing Director of Supreme, said, "We view this as a great early stage venture that has a sound business model that is scalable and repeatable. We recognize that our nation’s colleges and universities are the foundation of any social impact strategy because they incubate and nurture the talent base that we will need to continue to lead the world in innovative thought as we head into the future. In addition to expanding our portfolio of early stage venture projects, this investment gives us an opportunity to work with our franchisees to build a brand that we hope will be popular with the Millennial generation for years to come as they grow and mature. Our hope is that the Poppin’ Up brand will continue to grow with them."
Based in New York, NY, SUPREME ADVISORY GROUP, INC. acts solely as registered investment adviser to the Supreme Capital Group of social impact private equity funds. It sources and analyzes potential investment opportunities in real estate, technology, manufacturing, energy, health care, education, and various other industry sectors on behalf of its U.S. Realty Fund, New Ventures Fund
, Alternative Energy Fund
, and its U.S. Emerging Markets Funds
. Supreme’s staff is made up of fund advisors, financial analysts, loan underwriters, accountants, management experts, marketing executives, engineers, construction experts, and attorneys that have demonstrated the highest integrity in their professional dealings over the past 38 years.