This BIZ Experiences Started With a Single Food Cart and Now Has a $120 Million Company Teremok, which had close to 300 locations in its native Russia, recently expanded internationally to New York City.

By Stephen J. Bronner Edited by Dan Bova

Stephen Bronner

Mikhail Goncharov launched Teremok as a food cart in Moscow in 1998. Now the $120 million company has around 300 locations, with the first two locations outside of Russia in New York City.

BIZ Experiences sat down with Goncharov while he was in New York. Watch our quick explainer video to get caught up on Teremok, dubbed the "McDonald's of Russia," which serves Russian crepes called bliny, borscht and desserts such as cheesecake.
Stephen J. Bronner

BIZ Experiences Staff

News Director

Stephen J. Bronner writes mostly about packaged foods. His weekly column is The Digest. He is very much on top of his email.

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Editor's Pick

Most Popular

See all
Starting a Business

These Brothers Started a Business to Improve an Everyday Task. They Made Their First Products in the Garage — Now They've Raised Over $100 Million.

Coulter and Trent Lewis had an early research breakthrough that helped them solve for the right problem.

By Amanda Breen
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

By Eve Gumpel
Franchise

10 No-Office-Required Businesses You Can Start for as Little as $5,000

With strong Franchise 500 rankings and investment levels starting under $5,000, these brands are ready for new owners to hit the ground running.

By Carl Stoffers
Franchise

How to Prepare Your Business — And Yourself — For a Smooth Exit

After decades of building your business, turning it over to someone else can be emotional. But with the right mindset and a strong plan, it can also be your proudest moment.

By Ray Titus
Starting a Business

3 Things I Wish I Knew When I Founded a Company 20 Years Ago

If I could sit down with a new B2B founder today, these are the three conversations I'd make sure we had — the same ones I wish someone had with me early on.

By David Boice
Data & Recovery

We Found Four of the Top Alternatives to Dropbox That Don't Have Monthly Subscription Fees

All last for life, and not one of them is more than $200.

By BIZ Experiences Store