Sphera Franchise Group to open 10 new restaurants this year in Romania

Sphera Franchise Group plans to open 10 new restaurants this year (8 KFC units and 2 Taco Bell units in Romania) at an estimated investment cost of around EUR 6.8 million.

In addition, the company will invest EUR 3.8 million in remodeling the existing restaurants and implementing digital ordering solutions such as digital kiosks.

As of December 31, 2022, Sphera Franchise Group had 177 restaurants: 96 KFC restaurants in Romania, 2 in Moldova and 20 in Italy, 43 Pizza Hut restaurants (including Pizza Hut Delivery), 15 Taco Bell restaurants and one Paul restaurant.

On 31 December 2022, the group had 4,935 employees, of which 4,450 in Romania, 411 in Italy and 74 in the Republic of Moldova.

For 2023, restaurant sales estimates exceed EUR 320 million, up 21% compared to 2022 and net profit will increase by 88% year-on-year.

SEE ALSO: Sphera Franchise Group sales at RON 710.8 million in 2020, down by 25.6%