The Bucharest-based coffee chain is exploring a significant stake sale as it seeks to reach up to 300 stores in its home market by 2029
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Ted’s Coffee expects turnover in 2024 to reach €10m ($10.9m) | Photo credit: Ted’s Coffee
Romanian coffee chain Ted’s Coffee has revealed it is in negotiations with investors to support ambitious growth plans.
Ted’s Coffee Founder Vasi Andreica told Romanian news outlet Profit that he has held initial discussions with several potential investors to sell a 30%-60% stake in the coffee chain.
“We have finished discussions with several investment funds and it is possible that during the next year we will have a business partner. We are analysing several options. The goal is to accelerate the expansion,” he said.
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Founded in 2013, Ted’s Coffee currently operates 65 stores in Romania and has previously outlined plans to reach 100 outlets by the end of 2026.
If an investment partner comes on board and the Romanian out-of-home food and beverage market remains favourable, Andreica believes the chain could reach 300 outlets within five years.
Bucharest-based Ted’s Coffee expects turnover in 2024 to reach €10m ($10.9m), which would represent a 30% year-on-year increase on the previous year. Similar sales growth is forecast for 2025.
The total Romanian branded coffee shop market comprises more than 950 outlets, led by value-focused 5 to go which operates more than 590 sites. World Coffee Portal’s Project Café Europe 2024 research forecasts the market will exceed 1,500 outlets in the first quarter of 2029.