YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Building owner Craig Wagoner is scheduled to take ownership Nov. 1.
Building owner Craig Wagoner is scheduled to take ownership Nov. 1.

The Cup to change hands

Posted online
Brentwood Management Inc. owner Craig Wagoner will soon close on the purchase of downtown cupcake bakery The Cup.

Wagoner, who owns the 325 E. Walnut St. building, said he’s scheduled to ink the acquisition Nov. 1 for undisclosed terms. He would reopen the business on Nov. 2 as The Urban Cup.

Wagoner said The Cup owners Nicole Puyear and Ericka Frank are scaling down their business since Puyear retired last month.

“They’re cutting back, so they got rid of all their branches other than St. Louis,” Wagoner said, noting stores in Knoxville, Tenn., and Edwardsville, Ill., also are being transferred to new owners.

Though The Urban Cup would no longer be affiliated with The Cup, Wagoner said the acquisition includes the rights to use the St. Louis company’s recipes.

“It will be exactly the same for somebody that walks into the door,” said Wagoner, who also co-owns the nearby Gailey’s Breakfast Cafe. “Its a good business. It’s good for downtown. I wanted to keep going.”

The Urban Cup would keep on the shop’s existing 10 employees managed by Laura Cannici, Wagoner said.

Known for its large gourmet cupcakes, The Cup plans to continue operating its three St. Louis metropolitan area shops, according to a news release.

“We had to make some difficult decisions to keep our business growing, but we wanted to make sure the bakery remained locally owned,” Frank said of the Springfield store. “When we met with Craig and saw his passion for the downtown Springfield community, we knew that we made the right decision.”

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: Republic Intermediate School

The Republic School District is on track to open its Intermediate School for fifth- and sixth-grade students for the 2025-26 academic year.

Most Read
Update cookies preferences