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US – Vietnamese entrepreneur buys Wyoming town, plans to turn it into coffee hub

BUFORD, WY – You might wonder what a Vietnamese entrepreneur would want with a tiny town in Wyoming. Nguyen Dinh Pham paid $900,000 for the 10-square-mile town of Buford back in April 2012, making his first trip to the US for the auction. Now he has announced his plans: Buford will become a coffee company headquarters.

It will be named PhinDeli Town Buford, “phin” for the Vietnamese word for filter and “deli” for delicious.

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“Introducing the PhinDeli brand of coffee from the small town of Buford seems to honor both unique cultures,” Nguyen, 38, an importer from Ho Chi Minh City, said in a news release.

“While the town may be small, it touches a large amount of people. We hope the same for our Vietnamese coffee brand.”

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Buford’s former owner, Don Sammons, will remain on-site, running the Buford Trading Post, which had been the town’s only business.

He bought the town in 1980, after arriving in a red Cadillac from Los Angeles. Sammons, a veteran of the Vietnam war, had moved to Loveland, Colo., and had intended to retire.

Buford, 28 miles west of Cheyenne, was founded in 1866 as a military fort to guard the construction of the transcontinental railroad.

The town was named for John Buford Jr., a Union officer during the Civil War. At one point, the town had about 2,000 residents.

Source: MSN Real Estate