South African restaurant chain Nando’s is planning to open
12 more restaurants in India at an investment of around $12 million (about
Rs.75 crore), taking the tally to 20 by the end of 2017.
“We plan to add 12 more Nando’s
restaurants across India by 2017-end and will be investing around $12 million
for the expansion. This does not include the land cost as the properties will
be on a long-term lease,” Nando’s India Chief Executive Officer, Sumeet
Yadav said.
The new restaurants will be in Delhi,
Bengaluru, Chennai Mumbai and Pune, he added.
The company presently has eight
restaurants with three in Delhi, two each in Punjab and Chennai and one in
Bengaluru, he said, adding investments for the expansion would be funded by the
parent company.
Commenting on the business model
adopted for India, Yadav said: “All the new restaurants will be company owned
as Nando’s believes in the long-term potential of India.”
Except for the three restaurants in
Delhi that are owned through a joint venture with Janpath restaurants, the
remaining outlets are company owned, he added.
The company was started in 1987 by
two friends Fernando Duarte and Robbie Brozin with a restaurant in Johannesburg
in South Africa. The chain currently has over 1,200 restaurants in 25 countries
across five continents.
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