The development plans come several years after the business was seriously hurt by the pandemic, but also by the rising costs and other economic problems. Now, though, the entrepreneur believes the current context is a very favorable one for expansion.
The entrepreneur adds there are already six Ted’s coffee shops underway, set to be opened in the next three months. Thus, Vasi Andreica hopes to reach 60-65 units by yearend.
The coffee and coffee shop market has witnessed significant growth in Bucharest in recent years. However, there’s growth potential at the level of the entire country, says the entrepreneur.
The business ended 2023 with EUR7.8 million revenues, up 30% on the year. For 2024, the entrepreneur expects turnover of around EUR10 million.
(English version by Catalina Apostoiu)