Hotline: 1800 102 2007
X
Search Business Opportunities
Sep, 13 2018

Hyderabad’s Makers of Milkshake plans to expand overseas

It will foray into international market by opening its first outlet in California next month.

Hyderabad-based startup Makers of Milkshake has announced plans to expand the franchise chain to 200 by 2020 by entering into the international market. The startup currently operates 75 outlets.

It will foray into the international market by opening its first outlet in California next month. The firm is in further talks with a few prospective partners in Italy, Dubai, Singapore and Australia for franchise outlets.

Rahul Tirumalapragada, the company’s Chief Executive, said, "We will open 25 new stores this year, taking the number of stores to 100. Our intention is to have 200 stores by the end of 2019. This year, we will set up six new stores in Chennai and 10 in Bengaluru, in addition to entering Pune with 2 outlets. Our first overseas outlet will come up in California in the US on October 15. However, discussions about opening stores in other countries are on."

"We closed last financial year with Rs 25 crore in revenues. We are targeting at Rs 40 crore this fiscal. Going by this, we expect a valuation of Rs 150 crore for our company. We are opened for even selling a majority stake in the company if we get a good deal," he further added. 

Comment
Related opportunities
  • Casual dine Restaurants
    Café Udupi Ruchi, is a restaurant which will provide the..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Rural District Karnataka
  • About Us: Founded in 2013, Juana Technologies Pvt. Ltd. grew as..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Mr. Bean's Pizza started its operations in Jaipur in 2013...
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2013
    Investment size Rs. 10lac - 20lac
    Space required 330
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Quick Service Restaurants
    Looking for your own lucrative business in ever growing fast..
    Locations looking for expansion New Delhi
    Establishment year 2009
    Franchising Launch Date 2012
    Investment size Rs. 10lac - 20lac
    Space required 200 - 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Rajouri New Delhi
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