The coffee franchise industry is really popular nowadays as many consumers use coffee shops as a place to hang out, study, and meet with new friends. This is why we are introducing Costa Coffee Shop as one of the best franchise opportunities in Northern Cyprus. According to FranchiseGrade.com Costa franchises reached a minimum investments.
Costa Coffee is the UK’s biggest coffee shop player with a market share of 39%. Costa Coffee operates more than 2,1300 outlets in the United Kingdom. It now has 2400 British outlets and 1400 international stores, an international success with the notable exception of France. Even if Starbucks, the main competitor of Costa Coffee only represents 25% of market shares in the United Kingdom, the brand stands for 60% of the world’s coffee market.
The Coca Cola company has takeover Costa international brand that makes the Whitbread, the owner of the multinational company turning Coca-Cola into the UK’s biggest coffee shop player and give it a foothold in what is one of the world’s fastest-growing drinks categories. The global coffee shop market alone is worth $165bn (£127bn).
Coca-Cola decided to march into the world of coffee by acquiring Costa Coffee in September 2018 to diversify its products. In order to compete with Starbucks, Coca-Cola offered more than 4 billion euros for the chain of British coffee Costa. While the global coffee giant Starbucks is venturing more and more into the Coca-Cola field by selling mass-market products, the Atlanta firm has decided to counterattack.
The Costa coffee chain would be sold to the American giant Coca-Cola for £3.9 billion (€4.3 billion), announced its owner at the beginning of September, the British group of hotels and restaurants Whitbread. Whitbread had announced at the end of April a project of split off in two distinct entities, with on one side its cheap hotels Premier Inn and on the other side the cafes Costa, presented as the first chain of coffee shops in the UK and the group finally decided to sell
If you’re ready to purchase this famous franchise coffee spot, contact. Please contact Mr. Cemal Özkuş from Milano Homes Cyprus. We will help you find the best coffee franchise to fit your investment needs. Milano Home Cyprus offer insights and can advise you on the deal as well as on the funding options for you franchise. Schedule a free consultation.
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