The business posted EUR2 million turnover in Romania and for 2021 banks on growth of between 15% and 20%.
“There’s further room for growth on the market. Small cities of Romania have a big potential. We want to expand in Bucharest, but also in cities with less than 100,000 residents,” says Ruslan Cojocaru, owner of Tucano Coffee.
2021 has been better than 2020, but the fourth wave of the pandemic and the introduction of new restrictions have had a direct impact over the coffee business.
Last year, Tucano Coffee did not close down any coffee shops despite the challenging period, but the pandemic made it postpone some expansion plans.
The chain now has 26 units nationwide, with total receipts hitting EUR2 million.
Tucano Coffee was set up in 2011, when the first unit under this brand was opened in the Republic of Moldova. At present, Tucano identifies itself as a Romanian brand. Its coffee shops are present in several countries.
Tucano in 2020 generated EUR5 million turnover at group level and has a total number of 37 coffee shops.
Ruslan Cojocaru wants to reach a total number of 70-80 coffee shops at group level in three years.
(English version by Catalina Apostoiu)