Potbelly Corp, Kwal’s Group partner to open 20 outlets by 2022
By PTI for PTI on December 20, 2017
NEW DELHI: US-based sandwich restaurant chain Potbelly Corporation today signed a franchise agreement with Kwal’s Group to open 20 outlets in India by 2022.
The company today opened its first outlet in cyber hub, Gurugram.
The restaurant specialises in sandwiches, salads, soups, shakes, malts, smoothies and plans to break-even within a year.
“We have plans to open 20 outlets in the next five years with an investment of Rs 1 crore per outlet,” Kwal’s Group Managing Director Sameer Lamba told .
Potbelly Corporation is a neighbourhood sandwich concept serving for more than 40 years.
Lamba said the reason to enter India was its high population of millennials and food enthusiasts.
Kwal’s Group has shortlisted various locations in different cities so as to open 5 outlets by the end of 2018.
“The group has set a target of reaching a turnover of around 20 crores by 2020,” he said.
The group is a premium food service company involved in operating and managing food courts for office complexes and malls. It currently has 26 food courts and over 50 signed food courts due to open in a span of 6-8 months.