Franchise News India: The second largest burger franchise chain Burger King is giving final touch to their Indian debut. Burger king is operating 13000 restaurants in 100 countries, In India they are starting with three stores Gurgaon, Noida and Mumbai.
According to CFO Tanmay Kumar Burger King is looking Indian launch on fourth quarter of current year.he said stores are coming in Mumbai and NCR region first.
With entry of Burger King Indian burger market is going to new heights,Currently market is dominated by McDonald’s . According to report bt Technopak , Food service market of India will soar to $92 billion by end of 2020 from $48 billion .Out of this $3 billion chain restaurant sector is expected to see rapid growth of 15% , with the growth size of $ 8 billion by year 2020.
Burger King World wide collaborated with Everstone Capital last year to develop Burger King in India. This deal includes master franchise and franchise development agreement with rights to sub franchise. Both the partners are not very keen to set up company owned stores.
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Amitkumar
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