Mark Hilton, the British executive running all the group’s operations since 2011, said the Romanian market still has growth potential, therefore, KFC Romania plans to expand by nearly five restaurants per year, in the next 3-5 years.
The company has recently started to develop in smaller towns, with below 100,000 inhabitants, such as Targu Jiu.
Entrepreneurs Nicolae Badea, Lucian Vlad and Radu Dimofte hold several franchises in their portfolio on the Romanian market, namely, KFC Romania and Republic of Moldova, Pizza Hut, Pizza Hut Delivery, Paul, Cinnabon and Hard Rock Cafe
All KFC and Pizza Hut operations in the portfolio, namely, on the three markets, will be go under the umbrella of a holding-type company, called Sphera Franchise Group.
In 2016, the group of restaurants which includes brands such as KFC, Pizza Hut and Paul ended the year with cumulated turnover of over RON640 million (EUR142 million), up 25% against 2015.