The newest restaurant opened in Vaslui, a drive-thru selling burgers and fries and competing directly with the main actors on the market.
“The investment stood at more than EUR1.5 million in a 300 square meter building on a 1,400 square meter plot,” Fryday founder Lucian Florea said.
Albina Restaurante, the operator of Fryday, posted RON13 million revenue and RON1.1 million net profit and had 32 employees in 2022, Finance Ministry data show.
Next comes the opening of three new restaurants in just 60 days, in three malls in Romania in Pitesti, Galati and Sibiu, between April 25 – June 27, in a more than EUR1.3 million investment, the entrepreneur added.
The goal is to end the year with 15 restaurants and enter in new cities – Galati, Pitesti, Sibiu, Cluj and Constanta, as well as open new restaurants in cities it already has a presence in such as Timisoara and Bucharest.
“The year 2024 is a year when we will step up expansion, and we expect revenue to be three times higher than in 2023, with a forecast RON70 million.”
Fryday has restaurants in malls in Bucharest, Iasi, Timisoara, Targu Mures, Oradea, Alba Iulia, Craiova and Arad, as well as drive-thrus.
(English version by Loredana Fratila-Cristescu)