Bucharest, Romania – Ted’s Coffee, a burgeoning coffee chain based in Bucharest, is exploring investment opportunities to facilitate its ambitious growth trajectory. The company is in discussions with potential investors regarding the sale of a 30% to 60% stake, as it aims to expand its presence in Romania to as many as 300 outlets by 2029.
Founder Vasi Andreica shared insights with Romanian news outlet Profit, indicating that negotiations with several investment funds have already taken place. “We have completed discussions with various investment groups, and it is possible that we will secure a business partner within the next year. We are evaluating multiple options to accelerate our expansion,” Andreica stated.
Since its inception in 2013, Ted’s Coffee has grown to operate 65 stores across Romania, with plans to increase that number to 100 by the end of 2026. With the right investment partner and a favorable market climate for out-of-home food and beverage services, Andreica is optimistic that the chain could reach 300 locations within five years.
The company forecasts a turnover of €10 million ($10.9 million) for 2024, reflecting a 30% increase from the previous year. Similar growth is anticipated for 2025.
The Romanian branded coffee shop market is competitive, comprising over 950 outlets, with the budget-friendly chain 5 to go leading the pack with more than 590 locations. According to World Coffee Portal’s Project Café Europe 2024 research, the market is projected to exceed 1,500 outlets by the first quarter of 2029.
Related Topics:
Vietnam’s Coffee Exports Surpass Last Year’s Earnings
National Coffee Day: Celebrities Share Their Brew-tiful Moments
Starbucks Set to Launch New Ready-to-Drink Iced Energy Drink