Pollo Campero, a global QSR (quick service restaurant) chain, is planning to foray into the multi-billion-dollar Indian fast food market with plans for setting up 10 restaurants across the country by 2012.
The company is in advanced stages of negotiation with two local groups for setting up restaurants in India under the franchisee model and is looking at opening the first outlet by the third quarter of calendar year 2009.
"We have already registered our brand with the authorities and our first restaurant will come up at Delhi by the third quarter of next year. We are in advanced stages of negotiations with a couple of local groups with the plan of setting up 10 restaurants by 2012," Pollo Campero Executive Vice President Gustavo Duran told PTI on the sidelines of the Franchise India 2008 Summit here.
He said the company is looking at India as a major market for growth and expecting transactions of up to $1 lakh each month from each store. "It is important for us to grow quickly for achieving volumes and revenue returns," he added.
Duran further said the investments for the new stores would be made by the company's Indian franchisee partners. "Besides our famous global ranges including fried chicken, our Indian outlets would also have a range of vegetarians' fare including salads."
At present, the company has 300 restaurants across the world and has a global turnover of $450 million.
