Expanding the 5 to go Franchise in Romania and Beyond
Radu Savopol, co-founder of the coffee chain 5 to go, announced that the network has reached 650 locations across Romania, supported by more than 300 entrepreneurs who each manage an average of two franchise units. The company’s upcoming plans are ambitious, focusing on both domestic and international expansion — a move expected to significantly increase its overall valuation.
“We currently have 650 locations in our network. (…) I believe that in Romania we can reach around 1,000 locations, and realistically between 500 and 700 abroad. The turnover is not necessarily as relevant as the valuation itself. Last year we were valued at around €30 million, and I think we can reach a valuation exceeding €100 million in four to five years,” said Savopol.
Read full article here: turnovernews.com
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Photo: Retail & FMCG
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