Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Dec, 07 2015

Barcelos aims Rs. 200cr turnover, 30 outlets in 4 years

Its new outlets will come up in Delhi-NCR, Kochi, Chennai, Mumbai, Jaipur, Pune, Hyderabad, Bengaluru, Goa and Kolkata.

Barcelos, South African restaurant chain is looking to reach Rs 200 crore turnover and open 30 outlets in the country over the next four years.

The company, which opened its first restaurant in India in New Delhi in March, plans to invest USD 5 million by fiscal 2017 to expand its footprint in the country.

"Since our first store, we spent time in understanding our customers, working on the menu and finding right locations to open our outlets. By fiscal 2017, we plan to open about 10 more outlets. We will open four outlets by end of current fiscal," said Rohit Malhotra, Barcelos GM Operations.

He further said, "We plan to invest USD 5 million by fiscal 2017. With about 25-30 outlets in India, we are targeting Rs 200 crore turnover in four years time."

The casual dining restaurant chain's new outlets will be a combination of company owned and franchised stores, he added.

Its new outlets will come up in Delhi-NCR, Kochi, Chennai, Mumbai, Jaipur, Pune, Hyderabad, Bengaluru, Goa and Kolkata. The company is also in the process of expanding its menu and increasing food and beverage offerings, said Malhotra.

Presently, Barcelos is in 18 countries including the UK, Sweden and the Middle East. It operates more than 120 outlets across the world.

Comment
Related opportunities
  • Others Vocational Training
    About: Hi - Tech Animation is a ISO 9001:2008 certified organization..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Beauty Salons
    About:Started by an expert hair stylist, Archana Dilip Jain, Florian..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 350 - 850 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Financial Investment & Trading
    About:Basan Equity Broking Ltd , Basan Commodity Broking Ltd and..
    Locations looking for expansion Telangana
    Establishment year 2007
    Franchising Launch Date 2017
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • About:MilesAhead Tech Private Limited with its Unique product, Jenext, is..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities