The chain consists of 30 units in Romania’s main cities, including Bucharest, Ploiesti, Brasov, Sibiu, Oradea, Timisoara. The company plans to reach 33 units by the end of the year.
“The context is favorable for us to develop out coffee shop network and to invest in expansion,” said Andreica, CEO Ted’s Coffee.
The newest units in Bucharest are located in proximity to Romana Square and Victoriei Square and each has an area of around 40 square meters.
Ted’s includes several coffee shop concepts whose areas range from 8 sqm for coffee carts to 120 sqm. The average area is 40-70 sqm per unit and the average investment per unit is of EUR30,000-50,000.
Anvas Trading, the company that operates the Ted’s Coffee Co business, reported sales of RON12.3 million in 2018, down 16% on the year, according to finance ministry data.