Barcelos to set up 30 outlets in next 4 years
South Africa-based casual dining restaurant chain Barcelos is planning to set up 25 to 30 stores over the next four year in India. With this, the brand hopes to touch a turnover of Rs 200 crore during the period.
"By fiscal 2017, we plan to open about 10 more outlets. We will open four outlets by the end of the current fiscal. We plan to invest USD 5 million by the fiscal year of 2017. With about 25-30 outlets in India, we are targeting Rs 200 crore turnover in four years time," shares Rohit Malhotra, General Manager Operations, Barcelos.
The firm, which opened its first restaurant in India in New Delhi in March, intends to set up its new stores by company-owned and franchise modes. Delhi-NCR, Kochi, Chennai, Mumbai, Jaipur, Pune, Hyderabad, Bengaluru, Goa and Kolkata are among the locations, it is eyeing at expanding its base.Barcelos, which has introduced Black Burger and Red Burger first time in India, is also on its way to expand its menu and increase food and beverage offerings. It runs more than 120 outlets across 18 countries including the UK, Sweden and the Middle East.
