Yellow Tie Hospitality to invest $30 mn for launching over 300 outlets
Yellow Tie Hospitality, along with its franchise partners, is looking to make an investment of up to $30 million in three years. The investment is aimed at launching more than 300 outlets of its restaurant brands in India and overseas.
The company has a portfolio of about a dozen brands and 60 operational outlets. It targets to be India's largest restaurant franchise company by 2025.
Karan Tanna, Founder and CEO, Yellow Tie Hospitality, said, "At Yellow Tie Hospitality, we invest in brands and then scale them up through franchise route. We want to aid the expansion of all the brands and total investments that will be made through franchisees in the next three years will be approximately USD 25 million in order to develop a back-end infrastructure and support system to be able to grow all the brands. Yellow Tie Hospitality will be investing up to USD 5 million."
"We want to build up a portfolio of successful and sustainable brands. It is our vision to be the largest restaurant franchise company by 2025. In coming 3 years, our main focus is going to be incubating restaurant brands to scale them and we are looking at investing in 10 such companies," he added.