Pizza Corner outlets to expand in South India.
Quick Service Restaurant (QSR) company Global Franchise Architects will invest around Rs. 40 crore over next two years to add 35 outlets across brands Pizza Corner, Cream and Fudge, The Donut Baker and Coffee World in the southern market.
Speaking on this occasion, Mr. Joseph Cherian, CEO, Global Franchise Architects, said, "The Rs. 40 crore investment will be mainly in the southern market where the company owns and also franchisees its QSR brands. Major portion of the investment will go towards owned Pizza Corner outlets."
According to Cherian, the company earns 54 percent of its revenue from the Chennai region and a sizeable portion of the fresh investment will be made in this market. He further added that the company is on the look out for master franchisee for the northern and western regions.
Global Franchise Architects has 61 Pizza Corner outlets in South India and 75 percent of them are owned by franchisees.