- March 23, 2017 / 2 min readKeventers also plans to open 200 franchise outlets and 35 company owned outlets in the next financial year.
One of the famous milkshake brands of the country, Keventers, apart from opening outlets in Nairobi and California, plans to open 25 outlets in Dubai and Sharjah by next year.
The company will soon open its 100th outlet in Bengaluru's UB City by this month's end.
Sohrab Sitaram, CEO and Director, Keventers said, "We are looking to open 25 outlets in Dubai and Sharjah in next one year."
He added, "Currently all the world's best restaurants are in Dubai and it serves very well for our international ambition as well."
According to Sitaram, the first outlet will come up in Dubai in the next two months which will be company owned followed by franchisee outlets.
At present, Keventers has 9 company owned outlets while the rest are franchisee operated outlets.
The company also plans to open 200 franchise outlets and 35 company owned outlets in the next financial year.
He said, "We are looking to invest around Rs 14-15 crores next year in opening outlets, building a corporate team and marketing. We have sufficient funds for next year but we might look for PE funding once our international expansion is in full swing."
The company plans to open its first outlet in Nairobi next month and is currently awaiting FDA approvals to open its outlet in California.
Keventers expects to close this financial year with revenue of Rs 29 crores.Trending ArticleDaily UpdatesWhich is the highest format preference of Fun-Seeker?
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