New Delhi: Lebanese food chain Zizo is planning to open 40 outlets in India over the next five years, with an investment of Rs 60 crore. The eatery chain is also looking to expand to Singapore, the UK, Spain and the US. The restaurant chain, which opened its first store in Delhi this week, will open 7 outlets in the country this year.
"Once we are into 6-12 months into successful operations our expansion will be much quicker. We plan to open up to 40 outlets across the country and invest around Rs 60 crore over the next five years," Zizo CEO and Partner Fouad Abdel Malak told .
Zizo has five partners including Gulf Petrochem Group and UAE's Tiger Steel Industries LLC.After a year of launch, the company also plans to launch Zizo restaurants in Singapore, the UK and Spain through franchise route.
"We are receiving very good response (to Zizo)...we are already in discussions (with possible partners) to open Zizo outlets in Singapore, UK and Spain. We will expand beyond India after a year of launch. We want to open Zizo outlet in New York in 4-5 years," he added.
Malak said the company decided to start operations from India and then expand beyond due to lack of authentic Lebanese food options in the country, growing middle class and huge young population willing to experiment with food. He added that going forward the company will also look at opening Zizo's express outlets (small-size outlets with limited menu option) and fine dining outlets in hotels.