Romania's Tip Top to invest around EUR 3.2m to expand its sweet-shops countrywide next year

Tip Top targets to reach 35 stores in Bucharest and 10-12 stores outside the capital. The company will invest around 80,000 -120,000 euros per unit, depending on the location. A store will sit on 100 to 350 square meters, out of which 30 to 60 square meters represent the surface of sales.

The company operates 18 stores in Bucharest and two stores in the southern cities of Targoviste and Pitesti.

Tip Top will cut ribbon for a new factory in Bucharest on April 2008, following a 12.8 million euros investment. The company also owns a biscuit factory. The company estimates some 25-27 million euros revenues from sales this year, 27 percent increase against last year.

Source: NewsIn