UK-based Coffee Republic Plc. is in talks with eight Indian companies to appoint an India franchisee that will bring the coffee chain to India as it looks to expand outside its home market.
It hopes to finalize the deal in the first quarter of next year. The company is currently studying whether it should enlist a single ‘master franchisee’ for India or have 4 different franchisees in the country’s 4 different regions, Peter J.F. Breach, chairman of Coffee Republic, said. ‘We haven’t decided… we might do one (franchisee) or 4,’ Breach said.
Breach declined to name the Indian companies Coffee Republic is talking to but said two of them are real estate firms and one is a ‘large’ company. The company plans to open up to 500 outlets in India in the first 5 years and add another 250 stores in the 5 years after that, Coffee Republic executives said. The company hopes to roll out its first stores in the second quarter of 2008.