Cereal Crunch currently has two cereal bars in capital Bucharest, offering over 100 types of cereals from Romania and from all over the world, together with 16 types of milk and over 20 toppings.
The business is developed locally by Radu Savopol and Lucian Badila, the co-founders of coffee shop chain 5 to go, and Andrei Alecu, the owner of Utopia Coffee Bar. End-2019, they took over the development of the Cereal Crunch concept from entrepreneur Alex Vasile, who had brought it to Romania nearly two years ago.
“We took over this business at the end of 2019 and we proposed at that time, for the first year, to open five new franchises in Bucharest and across Romania. I am glad to see people with vision, willing to invest in the things in which they believe, and I was thrilled to see that those who took over the franchise in Craiova are young and dynamic entrepreneurs, determined to achieve bold goals,” stated Radu Savopol, the co-founder of Cereal Crunch & 5 to go.
Between August and December, the business could generate a turnover of EUR75,000 under normal functioning conditions and may reach nearly EUR200,000 in 2021.