The specialty robusta coffee chain is set to make its US debut this year with two stores in Texas and is reportedly seeking to raise a further £15m ($18.9m) to support international outlet growth
Black Sheep Coffee’s Bishopsgate outlet in London | Photo credit: CC BY-SA 4.0 DEED
London-based specialty robusta coffee chain Black Sheep Coffee is exploring an IPO and is seeking to raise £15m ($18.9m) to support international expansion, according to a report by Propel.
Black Sheep Coffee currently operates 83 stores across the UK alongside two outlets in the UAE and a single site in France. The business is set to make its US debut this year with two stores in Dallas, Texas, with a further site in Miami, Florida, in the pipeline.
In February 2023, the business outlined a 15-store plan to kickstart its US expansion, with an additional focus on the states of Arizona and Georgia.
The following May, Black Sheep Coffee signed a 30-year franchise agreement with Al Farran Group to open 250 stores across the Middle East within 15 years. The specialty robusta coffee chain will open two further UAE outlets in the second quarter of 2024 at Dubai Mall and Yas Mall Abu-Dhabi.
