
Three Cents Artisanal Beverages
Premium artisanal sodas and tonics for long drinks.
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A Valuation: €45.0m 1588.7x EV/Revenue -332.7x EV/EBITDA | Acquisition | |
Total Funding | 000k |
GBP | 2019 | 2020 | 2021 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | (18 %) | (100 %) |
EBITDA | 0000 | 0000 | 0000 |
% EBITDA margin | 5 % | 5 % | (477 %) |
Profit | 0000 | 0000 | 0000 |
% profit margin | 4 % | 4 % | (397 %) |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
Three Cents Artisanal Beverages is a company that produces and sells premium mixers for cocktails and long drinks. The company was founded in 2014 by George Bagos, Dimitris Dafopoulos, and George Tsirikos, a group of bartenders who were searching for high-quality cocktail mixers in the Greek market. Seeing a gap, they decided to create their own line of products. They drew inspiration from the late 19th-century soda fountain culture and applied modern techniques to develop their recipes. The brand name itself is a nod to the historical low price of plain carbonated water during the Great Depression.
The company's core offering is a range of artisanal beverages crafted to enhance the flavors of spirits. Their production process involves the carbonation of water at maximum pressure to ensure a long-lasting effervescence, which is a key feature for high-quality long drinks and cocktails. The product lineup includes various tonics, sodas, and flavored mixers like Pink Grapefruit Soda, Ginger Beer, and Mandarin & Bergamot Soda, all made without preservatives or artificial colorings. These products are specifically designed by bartenders for bartenders, but are also available for consumers. Three Cents primarily serves the hospitality industry, including bars, restaurants, and hotels, and also retails its products for home consumption.
In 2022, the company was acquired by the Coca-Cola HBC, which will handle the distribution and further development of the brand, while the founding team remains involved to guide the brand's direction. This acquisition aims to leverage Coca-Cola's extensive distribution network to expand Three Cents' presence both in Greece and internationally.
Keywords: premium mixers, artisanal beverages, tonic water, cocktail ingredients, craft soda, beverage production, bartending, hospitality supply, long drinks, carbonated drinks