We build successful profitable sustainable businesses delivering 15% EBITDA to investors, and are now ready for scalable growth
How was Banya No.1 business funded?
Banya No.1 is co-founded by Ksenia Bobkova and Andrei Fomin, with the backing of a syndicate of private investors, resident in the EU, now with more stakeholders and the the experienced management team onboard. First facility Hoxton we funded with our own funds, second facility Chiswick is funded by equity (pool of private investors), Tbilisi is funded by a local investor, Paris has been funded by the founders and bank financing. Since 2020 we have handled bank loans and currently dealing with debt financing.
Our People
Founders and investors.
Where next? We are ready for scalable growth
Over the past decade we have created 4 branches under Banya No.1 family, each with its history and unique features and now ready fro the next chapter pursuing separate paths for development.
On that journey, Andrei and Ksenia, Banya No.1 co-founders have developed different management visions translated into distinctions between Hoxton and Tbilisi, on one hand, and Chiswick with Paris on the other.
We also see the future development of Banya No.1 differently: Ksenia is aiming for a more dynamic and wider growth approach and Andrei taking focus on improving the existing customer offering. With that in mind we have decided while preserving the success of Banya No.1 to pursue future development separately.
Andrei Fomin stays as the Managing Director of Hoxton branch and a stakeholder in Tbilisi, and Ksenia remains as Managing Director in Chiswick and stakeholder in Paris.
Elena Dimitrenko, co-founder of Kupala, Banya No.1 – Paris branch, joins Ksenia for European business development. Igor Ryzhov is moving up as Operational Manager covering multi site operations and training.
In the next 2 years we aim to recalibrate our 4 existing branches to upgrade the Banya No.1 brand experience to provide a smooth unified experience for our customers. This is Andrei’s main focus as Brand Director.
Ksenia will optimise operations through an operating company, aiming to create an operational software for bath operators, and at the same time bring expertise to other brands.
Ksenia is also working on a launch of a new urban spa concept for the UK market (London and regional expansion). Andrei is looking for more locations for Banya No.1 in London and regionally.
At the same time both Ksena and Andrei are looking to grow internationally seeking new or existing facilities to fund and / or operate. Between them there are several investment opportunities open in the EU, US and Middle East where we have projects in advanced stages.
