What Koykan does

Koykan is a fast-casual street food restaurant chain headquartered in Zagreb, Croatia, founded in 2012 and operating under parent company PLANETS GROUP d.o.o. The company runs a hybrid corporate-owned and franchise model offering a globally-inspired menu of 115 dishes — including 42 original recipes — featuring wraps, burgers, bowls, burritos, piadine, and gyros drawn from international cuisines. As of early 2026, Koykan operates 9 restaurants across 4 European countries (Croatia, Germany, Czech Republic, and Slovakia), with shopping-center locations in Arena Zagreb, Eurovea and Aupark Bratislava, and Černý Most Prague among the named sites.

The technology backbone consists of standardized Odoo-based POS and ERP systems deployed across all locations, supported by digital menu boards and self-service ordering kiosks; an EU-funded e-commerce website and mobile application are in development for the Koykan Mall d.o.o. subsidiary. Koykan is also developing Gastronomy 4.0, an AI-driven automated food preparation line being built with three technology partners and EU funding, which includes a specialized module for employing blind and visually impaired persons. The 2024 rebrand with agency Bruketa&Žinić&Grey repositioned the chain from a single-location concept to a franchise-ready standardized operating model.

Revenue is generated from three streams: direct restaurant operations (transaction-based food sales), franchise fees and royalties from partner-operated locations, and corporate bond issuances used as a financing mechanism rather than core revenue. The company has issued bonds (PRIIP-KOYKAN-2026-06) totaling €2,000,000 at 7.5% fixed annual interest with a 3-year maturity, attracting 450+ small retail investors and offering optional equity conversion at €5,000+ investments. Per-location unit economics are stated at €500K–€5M annual revenue and EBITDA above €90K, with an estimated 2-year capital return period. Network annual revenues are approximately €5 million, with 2026 estimated EBITDA exceeding €1 million. Customer segments span individual diners (general consumers and food enthusiasts) and B2B counterparties (franchise partners, shopping-center operators, and bond investors), with a stated goal of 100+ restaurants across DACH and CEE markets by 2030 and an eventual IPO.

Name

Koykan

Legal name

KOYKAN FOOD d.o.o.

Website

https://koykan.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

Koykan is a fast-casual street food restaurant chain operating 9 locations across 4 European countries (Croatia, Germany, Czech Republic, Slovakia) via owned stores and franchise partners, serving globally-inspired dishes with 115 menu items to consumers, franchisees, and retail bond investors.

Ownership category

akta.pro rank

Product category

Fast-Casual Dining

NAICS

Limited-Service Restaurants (722513)

SIC

Retail-Eating & Drinking Places (5810), Retail-Eating Places (5812)

akta.pro primary industry

Regional/Ethnic Specialty Fast Casual (e.g., Indian, Caribbean, African, Eastern European) (THAFABAM)

Keywords

• International street food
• Fast casual dining
• Restaurant franchise
• Global cuisine wraps
• Quick service restaurant

Headquarters

HQ city

Zagreb

HQ country

Croatia

HQ region

Europe

Offices8 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Restaurant Operations (Direct): Corporate-owned quick service restaurant operations generating revenues from direct food sales to consumers. Individual restaurants generate between 500,000 to 5 million euros in annual revenue with EBITDA above 90,000 euros per location.
2. Franchise Fees and Royalties: Franchise model where franchise partners operate locations under the Koykan brand. The company provides standardized operating playbook, supply chain support, brand standards, and operational procedures while franchise partners invest in and operate individual locations.
3. Bond Issuances: Corporate bond offerings to retail and small investors as alternative financing mechanism. Current bond issue (PRIIP-KOYKAN-2026-06) valued at 2,000,000 euros with 7.5% annual fixed interest rate, semi-annual coupon payments, and 3-year maturity. Offers optional equity conversion for investments of 5,000+ euros.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Koykan operates a fast-casual restaurant chain serving globally-inspired street food with a menu of 115 international dishes, including 42 original recipes spanning wraps, burgers, bowls, burritos, piadine, and gyros. The company distributes through corporate-owned restaurants and franchise partnerships across DACH and CEE regions, and raises growth capital through retail corporate bond offerings.

Product overview

Koykan operates a fast-casual restaurant chain offering globally-inspired street food. The core offering is the restaurant experience with 115 international dishes (42 with original recipes), including wraps, burgers, bowls, burritos, and piadine. The company operates through both corporate-owned and franchise locations, supported by a unified POS and ERP system (Odoo). Digital offerings include an e-commerce website and mobile app. Investment products include corporate bonds with 7.5% annual interest and co-ownership options. The company is developing Gastronomy 4.0, an AI-driven automated food preparation system.

Differentiator

Problem solved

Functional benefit

Products and services

• Koykan Restaurants Fast-casual street food restaurant chain offering globally-inspired meals including wraps, burgers, bowls, burritos, piadine, and gyros. Menu features 115 international dishes with 42 prepared using original recipes. Operated through corporate-owned and franchise locations in shopping centers and city centers.
• Koykan Franchise Program Franchise program allowing entrepreneurs to open Koykan restaurants under the established brand with standardized operating procedures, supply chain support, brand standards, training, and operational playbooks. Average capital return period of approximately 2 years per location.
• Koykan Corporate Bonds Corporate bonds issued in Croatia with 7.5% fixed annual interest rate, 3-year maturity, semi-annual coupon payments, and optional co-ownership conversion for investments of €5,000 or more. Minimum subscription €1,000 for standard bonds.
• Koykan Capital & Expansion Platform Capital platform connecting investors with multiple investment channels including co-ownership in the group, growth investments in new restaurants, yield investments from existing restaurants, and bonds as accessible entry with fixed interest.

Quantifiable outcome

• Individual restaurant revenue: €500,000 to €5 million annually with EBITDA above €90,000 per location
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability1 record

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Bruketa&Žinić&GreycoreStrategic or Co-development PartnerCroatian marketing and branding agency that redesigned Koykan's visual identity and brand positioning in 2024. New identity based on three motifs: natural, sustainable, and earthy. Created modern yet timeless visual identity for franchise scaling.
• OdoocoreTechnology or IntegrationUnified ERP and POS system provider enabling standardized operations and financial reporting across all restaurant locations and markets. Critical infrastructure for multi-location franchise operations.
• Escont Partners d.o.o.minorOthersPartner for coordination with SKDD (Central Securities Depository) for bond issuance administration, investor registration, and securities settlement services.
• Zmajska BreweryminorStrategic or Co-development PartnerCraft beer partnership during Koykan Street Food Festival events. Zmajska Brewery beers available at promotional prices during festival periods.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Burger King: Global QSR chain with significant CEE/DACH footprint competing in the burger/wrap segment of Koykan's menu. Represents the type of entrenched incumbent Koykan must differentiate against.
• McDonald's: Global QSR incumbent with established presence across CEE/DACH markets where Koykan is expanding. Directly competes for shopping-center food-court real estate and the same value-conscious street-food customer.
• Subway: Global franchise-led QSR chain with extensive CEE presence. Relevant comparable because of its franchise expansion model and international menu positioning, similar to Koykan's franchise + globally-inspired menu approach.
• KFC: Global QSR incumbent operating in nearly all CEE/DACH countries Koykan targets. Competes for the same shopping-center real estate and quick-meal occasions.

Direct peers

• LEON Restaurants: European fast-casual chain offering healthy, globally-inspired street food with multiple locations in transport hubs and shopping centers. Comparable in concept positioning (healthy, globally-inspired, fast-casual) and target customer base.
• Pret a Manger: European fast-casual chain offering freshly prepared international food in urban and shopping-center locations. Comparable as a fast-casual concept with a globally-inspired menu and rapid European footprint expansion.
• Wagamama: International cuisine fast-casual chain with European franchise/expansion model. Highly comparable as a globally-inspired (Asian) fast-casual concept scaling across European markets with a similar menu breadth approach.
• Tortilla Mexican Grill: European fast-casual chain focused on a single ethnic cuisine with franchise/owned locations in shopping centers. Comparable as a regional/ethnic fast-casual concept expanding across European markets via a standardized unit model.
• Vapiano: European fast-casual chain built around an internationally-inspired menu and franchise/owned hybrid model. Closely comparable to Koykan on international cuisine positioning, multi-country European footprint, and franchise-driven growth strategy.
• Pho Restaurant: European fast-casual chain built around an ethnic cuisine concept with multi-country European expansion. Relevant comparable for Koykan's strategy of leveraging a globally-inspired menu to enter new European markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/koykanworldfood
• YouTubeyoutube.com/@koykan
• LinkedInlinkedin.com/company/koykan

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Koykan