Bangs India to open 500 outlets by 2018
summary：Bangs India, a fried chicken quick service restaurant (QSR brand, is gearing up to open 500 outlets in the country over the next five years....
Bangs India, a fried chicken quick service restaurant (QSR) brand, is gearing up to open 500 outlets in the country over the next five years.Nearly 100 of these proposed outlets will be company-owned, while the remaining 400 are expected to be opened through franchise-model. The chain intends to raise INR200m ($3.36m) to open company-owned outlets.
Bangs, which has recently opened a store in Chennai, targets to open about 70 outlets by 2013 and an additional 180-200 in 2014.
Commenting on the rapid expansion plan, Bangs director Asvin Simon told Franchise India: "The Indian fast food market is growing at an annual rate of 35 per cent approximately, so I feel Bangs has potential for a considerable amount of share in this growth percentage."
Bangs, meanwhile, is looking at overseas expansion with plans to open three stores in Doha, Qatar by the end of 2013.