Little Italy, India's largest chain of authentic Italian fine dining restaurants with 27 restaurant and bar formats across 18 cities, is adding 48 more outlets in next three years. While 24 stores would be company-owned, the rest would be run on franchise basis, according to its top official.
"We are launching 48 stores across India to cash in on an emerging trend for fine dining Italian cuisine along with sparkling wines," Purandar Choudhari, CEO of Little Italy group, said.
Choudhari said each store would require an investment of around 1.5 crore. He said the company would fund the new stores from its internal accruals.
The stores usually break even in about three years and clock return on investment between 24¬28 per cent in a span of seveneight years, he claimed.
Raj Mehta, founder and CMD, said this year 20 restaurants would be opened in 15 cities.
Choudhari said Littly Italy serves contemporary pastas with elegant wines from Sicily, Tuscany and Soave, Italy.
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