MOSCOW TIME: 17.12.2018 17:32:50

Companies + Local News + Markets

Israeli Cofix single price coffee shop chain enters Russia

Israeli Cofix single price coffee shop chain enters Russia

And it is going to open 1,000 outlets in just 5 years. This was announced by Avi Kats, the creator of the chain, at a press conference devoted to the opening of the first outlet in Okhotny Ryad Shopping Mall



Israeli Cofix single price coffee shop chain enters Russia


And it is going to open 1,000 outlets in just 5 years. This was announced by Avi Kats, the creator of the chain, at a press conference devoted to the opening of the first outlet in Okhotny Ryad Shopping Mall.


Another two coffee shops will have opened in the capital by the end of October 2016 – in Vodny Trade Center and in the building of the Paveletsky Station. The company is going to use its first three outlets to test the business and to expand in future on a franchising basis. The company will start selling franchises as early as in late 2016. Cofix intends to open 300 outlets in Moscow and the Moscow Region with other 700 outlets being expected to be launched in the cities of the country, including Saint-Petersburg and South Russia.


Cofix's business model is based on the opening of small coffee shops in places featuring good traffic. All products in the company's product range are sold at a single price of RUB 50.


Cofix chain emerged in Israel in 2013 and today the company has 152 outlets where all products are offered at a fixed price of 5 shekels. Its coffee shops sold more than 2.5 million of product units during the first year of operation. The company's Israeli turnover for the first six months of 2016 totaled approximately $30 million. In Israel, payback period per one outlet is 1.5 years.



Share this:

Share this Share this Share this

NEWS


11.12.2018 Dagestan Is the Leading Live Sheep Exporter

The Republic of Dagestan has quadrupled its export of live sheep. From January to July, 2018 Dagestans export of live sheep has amounted to $2.5 mln, while for the same period of ...

11.12.2018 Ryazan Region Supplied Notebooks to Five Countries

From January to July, 2018 Ryazan Region has exported 299 tons of notebooks worth $475.3 thous. to five countries.

10.12.2018 Export Structure of the Republic of Ingushetia

For the first seven months of this year the Republic of Ingushetias export has stood at $532.6 thous.

EVENTS


06.06.2019 00:38:00 St. Petersburg International Economic Forum 2019

June 6-8, 2019 Russia (St.Petersburg)

28.05.2019 00:31:00 KAZINTERPOWER 2019

May 28-30, 2019 Razakhstan (Pavlodar)

22.10.2018 BUSINESS MISSION OF SMALL AND MEDIUM-SIZED COMPANIES OF KOSTROMA REGION TO ARMENIA (OCTOBER 22-24, 2018)

On October 22-24, 2018 the delegation of Kostroma Regions entrepreneurs will visit Armenias capital city Yerevan.

INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners