Patrick Dempsey's company buys Tully's Coffee for $9.15 million
Next time Seattle residents take a sip of their morning cup of joe from Tully's Coffee, they might have Patrick Dempsey to thank.
The "Grey's Anatomy" actor's company, Global Baristas LLC, beat out Starbucks Corp. to buy the Seattle-based coffee chain Tully's Coffee in a bankruptcy auction.
"We met the green monster, looked her in the eye, and...SHE BLINKED! We got it! Thank you Seattle," Dempsey Tweeted on his official account on January 3, likely referring to the acquisition.
Global Baristas LLC plans to keep the Tully's name, according to The Associated Press. Starbucks planned to convert the existing Tully's cafes into their own brand.
The combined bids of Starbucks and an undisclosed bidder come to $10.6 million, above the $9.2 million Global Baristas LLC offered to pay, according to The Associated Press. The company was formed in order to purchase Tully's and the other investors in Global Baristas have not been disclosed.
"It's a much smaller chain that has a lot of potential that hasn't been given the proper care," Dempsey told the wire service about Tully's Coffee in an interview on Friday, January 4.
However, Dempsey's bid still has to be confirmed by the federal judge overseeing the bankruptcy case. Starbucks said that a winning bid will not be made until a court hearing on January 11.
"With this court filing, it's official - our group has been chosen as the successful bidder," Dempsey said in a statement. "We look forward to the court's final approval on January 11."
Tully's Coffee filed for Chapter 11 bankruptcy protection in October. The company cited lease obligations and underperforming stores. TC Global Inc., the parent company of Tully's, said in a statement Friday that it was "encouraged and excited" about Dempsey's commitment to the chain.
Though largely filmed in Los Angeles, "Grey's Anatomy" is set at a fictional hospital in Seattle called Seattle Grace. Dempsey plays Dr. Derek "McDreamy" Shepherd.
Dempsey, who posed with a Tully's employee on January 2 prior to winning the bid, has big plans for the coffee company once the business has stabilized after addressing bookkeeping issues and fixing up the Seattle shops. He reportedly told the wire service that a long-term goal is to make it a national chain.
"We can pull this off. We just have to take steps that are slow and smart," he said. "I'm going to get behind the counter. I'm going to serve coffee...I'm going to give the company a boost of energy."