Cibo Espresso joins Boost Juice and Salsa’s
Retail Zoo, the umbrella franchisor of Boost Juice Bars and Salsa's Fresh Mex Grill, has partnered with coffee bar franchise Cibo Espresso to help grow the business. The 12 year old premium espresso bar chain has 20 sites in South Australia and two in Queensland.
Retail Zoo CEO Jeff Allis said "Our vision is to help young Australian companies reach their full potential. Cibo is a partnership for both companies. They have a compelling 'x factor' brand, and Retail Zoo has a powerful back end to help Cibo achieve its complete vision.
"Significantly, our major shareholders, Riverside, found and facilitated the opportunity and there was a great synergy between our executives and those from Riverside to bring the Cibo deal to fruition."
The Riverside Company, a global private equity firm, invested in Retail Zoo with Boost Juice founders Jeff and Janine Alliss in 2010 and has been leveraging its franchise experience to grow the brands.
Riverside senior associate Steven Spiteri said "Cibo has a strong and loyal customer base in South Australia, and we're confident that it has a lot of room to grow throughout the country and beyond. Retail Zoo has the tools and team to help facilitate and accelerate that growth."