Romanian coffee shop chain TED's in talks with investment funds
<p>The founder of coffee shop chain TED's Coffee has initiated exploratory talks with several investment funds to sell a 30%-60% stake and later launch an aggressive expansion plan, according to <a href="https://www.profit.ro/povesti-cu-profit/exclusiv-foto-ted-s-coffee-discuta-cu-fonduri-de-investitii-o-extindere-agresiva-posibila-vanzare-a-pachetului-majoritar-21759250?mc_cid=663e541d6b&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Profit.ro</a>.</p>

<p>"The goal is to accelerate the expansion. We are discussing several options for giving away between 30 and 60% of the business. We are in negotiations," the company's owner, Andri Vaseica, said.</p>

<p>The TED's chain will reach 67-68 units by the end of the year, of which about 35% are franchised and the rest are owned by the company. The company expects its turnover to rise 30% y/y to EUR 10 mln&nbsp;in 2024 and sustain similar growth rates in the coming years.</p>

<p>The chain would reach 100 units by the end of 2026, according to the current plans disclosed by the TED's Coffee founder.</p>

<p>The plan discussed with the investment funds provides for the network to reach, depending on the market context, a total of 300 units in 5 years, according to sources familiar with the talks consulted by Profit.ro. Expansion outside the country is envisaged as well.</p>

<p>"I would like to increase the network. It's a good context, we don't have an outside competitor yet, the market is uncovered, there are commercial spaces available. So it's a good context to press the accelerator," said TED's Coffee founder Vasi Andreica, quoted by Profit.ro.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source:&nbsp;<a href="https://www.dreamstime.com/lcva_info">LCVA</a>/<a href="https://www.dreamstime.com/stock-photos">Dreamstime.com</a>)</em></p>