Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 28 2015

CCD to open over 400 outlets in next three years, invest Rs 450 crore

According to the spokesperson, over 70 per cent of the new stores would come in exciting cities where CCD is already present and rest would come up in new cities and highways.

Cafe Coffee Day, the Bengaluru based cafe chain is planning to invest RS 450 crore over the next three years to expand its outlet in the country.

The coffee chain is planning to open over 400 outlets in the country while it completes all formalities to come out with its Rs 1,150-crore initial public offering in October.

"We are in the process of getting final approvals to come out with our IPO before Dussehra (October 22). Over the next three years we plan to open 135 outlets every year and will invest Rs 400-450 crore. All our stores are company owned," shared V G Siddhratha, Chairman, Coffee Day to PTI.

According to the spokesperson, over 70 per cent of the new stores would come in exciting cities where CCD is already present and rest would come up in new cities and highways.

"We see a lot of opportunity in opening outlets on highways. At present we operate 137 highway stores," added Siddhartha.

The coffee chain which also gets SEBI nod to raise its IPO is also planning to list its shares on BSE and the NSE.

The company, which counts private equity giants like KKR, Stanchart PE and New Silk Route among its investors, has reserved Rs 15--crore worth shares for staff.

Coffee Day Enterprises is the parent company of the Coffee Day Group and operates coffee business through a subsidiary, Coffee Day Global Ltd (earlier known as Amalgamated Bean Coffee Trading Company Ltd) and its subsidiaries.

Comment
image
Related opportunities
  • Others Food Service
    About Us : An widely accepted Food & Café concept based..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Us: Legends of Punjab serves exclusive North Indian food in..
    Locations looking for expansion Gujarat
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Mobile & Communication/Internet Connections
    About Us: In 2009 Gerardo Taglianetti, founded Phonup amongst first companies  in..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Tea and Coffee Chain
    About Us: Springold ‘The Luxury Café (TLC) is the brainchild of..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai 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