Investment opportunity
Europe eats out. The market is here. Chains are taking it over.
Fast, healthy and affordable food, what is known as fast casual, is one of the few markets to have come out of the past five years larger than it was going in. Germany alone now spends EUR 88.6bn a year on eating outside the home, seven percent more than before the pandemic. Within that market, chains are growing faster than anyone else.
Koykan is building that kind of chain across Europe with local partners, and opening a place in the expansion to investors. Read on for why the sector is worth attention, how the economics of a single restaurant work, and how the investment opportunity comes together.
The German market is worth
EUR 88.6bn a year
Chains account for
41 percent of revenue
Chain growth is
4x faster than independent restaurants
Chains in Europe hold
45%, in the US 78% of the market
Lunchtime in a shopping centre. This is the market this page is about.
A growing sector, and the fastest-growing part within it
Restaurants are a business everyone understands, but few know what it looks like from the investment side.
Fast casual sits between full-service restaurants and classic fast food, and takes guests from both directions.
Three figures explain why this market is growing.
A growing market
German out-of-home dining was worth EUR 88.6bn in 2025, seven percent more than before the pandemic. Chains account for EUR 36bn of that, or 41 percent of revenue and 47 percent of all visits.
Chains are growing four times faster
In 2025 chains in Germany grew by 4 percent, and independent restaurants by 1 percent. The same holds across Europe, and faster than in the United States.
Europe is halfway to the US
In the US chains hold 78 percent of the market, in Europe only 45. That gap is the space European chains have yet to fill, and it is where the investment opportunity lies.
Sources: Circana, April 2026. German data: Bundesverband der Systemgastronomie, 2025.
Lunchtime outside a Koykan restaurant in Munich, Germany. This is what is being built, and what the capital funds.
The menu, recipes and suppliers come from Koykan, and are the same in every country.
The economics of a single Koykan location
Koykan builds fast casual restaurants in that market. The whole model rests on one figure that repeats, and these are the real figures from our locations.
EUR 400,000
to build one location
EUR 500,000 – 1.25m
annual revenue of an established location
> EUR 90,000
annual contribution to operating profit
A Koykan restaurant becomes established over roughly two years. Repeat that figure twenty times and you have a network. Repeat it seven hundred times and you have a European chain.
How does Koykan build a network from a single restaurant?
The same cycle repeats for every location, in every country.
01
Build
Capital goes into building a new location, built by a local operating partner.
02
Ramp-up
The restaurant is brought to stable earnings, with independent verification of the results.
03
Sale
Once the restaurant starts earning steadily, it is sold at a price set in advance.
04
Return and a new cycle
The proceeds of the sale go back to investors, and the network moves on to building the next locations.
Koykan restaurants are built and run by local partners who already run restaurants in their own market. Koykan provides the brand, the menu, procurement, the system and the technology, and opens a place in every cycle to investors.
Where does the investor come in?
Four ways to invest, each for a different profile and a different appetite for risk.
CHANNEL 01
Equity Capital
Co-ownership in the group behind the entire network.
CHANNEL 02
Growth Capital
A share in the company building new locations across Europe.
CHANNEL 03
Yield Capital
A share in a portfolio of restaurants that already earn.
CHANNEL 04
Bonds
The simplest way in, with a fixed rate of interest.
Where next?
COMPANY
Why Koykan?
The model, the network and the team behind everything on this page.
INVESTMENT
All opportunities at a glance
A comparison of the four channels in one place, with thresholds and durations.
GROWTH
Building with partners
How the network expands through local operators, and what they bring.
We answer every enquiry personally. An enquiry is informational and creates no obligation.