WILLIAMSTOWN, Mass. — Tunnel City Coffee has found its future.
About five months after owner Paul Lovegreen announced that Tunnel City was on the market, three buyers — Jamal Stockton, Janine McCarl and Nilaykumar Patel — are poised to purchase the business.
The listing price was $995,000, and the business, including the lease rights for its three locations, sold for $850,000. The sale is set to be finalized early next week.
“Paul Lovegreen did a phenomenal job starting the business 30 years ago — it’s obvious to us it’s well-run and with little intervention will continue to run well,” Stockton said Thursday. “We want to think about areas where we can be more involved and expand the business.”