Manila, Philippines – Filipino coffee chain Bo’s Coffee is set to open 85 new stores–35 by the end of this year and 50 by next year. This is according to Steve Benitez, founder and CEO at Bo’s Coffee at the sidelines of a recent industry event.
“As far as the company is concerned, we (will be) able to grow by 35 stores by the end of this year; and next year, we are looking at 50 stores,” he said.
In terms of international growth, Benitez said that they are also planning to ramp up its international expansion, specifically also expanding its existing operations in Doha and Dubai. Moreover, they are also talking with other partners, mentioning that Canada is also another potential market for expansion.
“We will have 16 stores by the end of this year in Doha and four in Dubai. Two are operating in Dubai, and 14 stores are already open in Doha,” he said.
Benitez added. “We are talking to other partners, and Canada is on the table… But it is going to be a five-year plan, so it is like a rollout of 10 stores in 10 years or 12 stores in 10 years.”
Bo’s Coffee was founded in 1996 by Benitez, with a large chunk of its local stores based in Metro Cebu where the chain is officially based.
In 2018, the chain teamed up with Al Majed Grouping to open its first store in Doha, Qatar. It had also worked with Al Mulla Business Group for the chain’s expansion to Dubai, UAE.