Tim Hortons, a Canadian restaurant brand, aims to open 120 locations in India over the next three years, at a cost of up to Rs300 crore.
The brand, which launched its first locations in India in August, is initially concentrating on North India before expanding to other areas.
The corporation may exceed the objective because the first year is focused on “laying the groundwork” with 20 new locations, followed by another 50 outlets over the next 12 months.
As the firm plans an “investment per store between Rs2 crore and Rs2.5 crore,”
Currently, Tim Hortons has six locations–five in Delhi-NCR and one in Chandigarh–and three more will open by December.
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