What is Cofyz
- Specialty coffee and exceptional service for the mass market
- Franchise-led growth model
- Fully digital
BENEFITS OF COFYZ FRANCHISE
Profitability Maintained Even with High Salary Taxes
Completely Independent of External Software
Fully Integrated with BOLT FOOD and WOLT Platforms
Consistent Taste in Every Cup
Tailored Hardware Solutions for Seamless Operations
Dedicated In-House Support for Franchisees
OUR STORY
COFYZ opened its first café in Riga in November 2019 — just three months before the world changed with Covid.
From day one, we built COFYZ with franchisees in mind, aiming to create a brand that could become a leader across Europe through strong partnerships and an exceptional product. In fact, we began developing our mobile app even before the first café doors opened.
From day one, we built COFYZ with franchisees in mind, aiming to create a brand that could become a leader across Europe through strong partnerships and an exceptional product. In fact, we began developing our mobile app even before the first café doors opened.
Our goal is to focus on expanding our own network of cafés only within Riga, leaving the rest of Latvia and European markets for our franchise partners.
By concentrating our efforts locally, we ensure the highest level of quality and support for our franchisees in other regions.
By concentrating our efforts locally, we ensure the highest level of quality and support for our franchisees in other regions.
We will continue expanding in Riga, with plans to operate 8 cafés by 2024 — a significant number for a city of just 600,000 people.
By 2026, we aim to become the second largest café chain in Riga in terms of both location count and revenue.
More details about COFYZ business on our LinkedIn
By 2026, we aim to become the second largest café chain in Riga in terms of both location count and revenue.
More details about COFYZ business on our LinkedIn
OUR PRODUCT
At the heart of COFYZ is a fully integrated software solution that automates every aspect of café operations. When you partner with COFYZ, there's no need for third-party software — we've got you covered with a comprehensive suite of tools, including:
- A mobile app for guests
- An ordering tablet for café visitors
- A POS system for baristas, integrated with the guest app
- A unified order queue for baristas, covering baking, cooking, cleaning, and more
- Inventory control and internal logistics
- Recipe and menu management systems
- Barista scheduling, workload tracking, and guest service speed monitoring
- Full integration with Wolt & Bolt delivery platforms, and much more.
In addition to software, we're pioneering hardware innovations, such as cloud-based temperature control systems, designated pickup stations for guest orders, and real-time espresso monitoring and management.
We are passionate about taste and sustainability. You can follow our journey in refining our flavors on LinkedIn: Part 1, Part 2, Part 3, Part 4, and Part 5.
We are passionate about taste and sustainability. You can follow our journey in refining our flavors on LinkedIn: Part 1, Part 2, Part 3, Part 4, and Part 5.
Service quality is at the core of our success. Our Google Maps rating stands at 4.68 out of 5, significantly higher than similar chains in Riga (which average between 4.07 and 4.27). Even without heavy investment in marketing, our first cafés continue to grow thanks to the trust and loyalty of our guests.
We operate in the mass market, driven by our loyal customers who visit daily or weekly. This allows us to open new locations almost anywhere. For instance, two of our cafés are just 230 meters apart, yet both thrive without cannibalizing each other's business.
We operate in the mass market, driven by our loyal customers who visit daily or weekly. This allows us to open new locations almost anywhere. For instance, two of our cafés are just 230 meters apart, yet both thrive without cannibalizing each other's business.
KEY FINANCIALS
- Franchise fee€ 5,000
- Royalty0-6%. Grace period up to 2 years.
- Investment in a new caféStarting from € 50,000. The final cost of opening a COFYZ franchise depends on the condition of the location and renovation expenses.
- EBITDAProfit 10-15% before royalty even in the Latvian market with the highest wage taxes in Europe (wages and taxes on them 30-35% of turnover).
- RevenueProjected monthly sales range from € 20,000 to € 30,000, based on 150-250 daily orders with an average check of € 4-5, both of which have strong growth potential.
- ProductivityWe have achieved € 150 per hour per barista as a maximum level for top baristas, and € 50 per hour per barista as an average daily level for the cafe. Check out our LinkedIn for more information on these numbers.
WE WILL BE GLAD TO HELP YOU
Even if you already own a coffee business and are not yet ready to purchase COFYZ franchise, feel free to contact us with any questions.
Even if you already own a coffee business and are not yet ready to purchase COFYZ franchise, feel free to contact us with any questions.