The KFC franchise has announced that it will invest $5 million this year in the opening of two new restaurants, three local self service branches and the remodeling of four existing ones.
The company plans to fully remodel the branches on Avenida 3 Calle 1 in San Jose as well as the Former Embassy, and the branches in the Ruins of Cartago, Tibás and Jacó.In addition, its representatives announced that they will be building two new branches, one in the Greater Metropolitan Area and one outside it.
The fast food restaurant chain McDonald's plans to add three new outlets to the 18 which are already operating in the country.
Representatives of Mesoamerica Corporation, which owns the franchise in the country, indicated that the investment per restaurant is around $2 million, and the three it plans to open in the second half of the year will be added to the three already opened this year.
The Paraguayan company Adiser S.A. has acquired the stock and operational control of the fast food restaurant chain Burger King.
Laestrella.com.pa reports that "...Adiser S.A. has 10 years of experience working with the fast food concept, working hand in hand with the Burger King brand in Paraguay since 2005; in Uruguay since 2008 and in Brazil since 2009. "
The owner in the region of Juan Valdez coffee shops has acquired the Burger King franchise in the country and is preparing for the opening of eleven outlets in the remainder of the year.
After having announced in October of 2015 the close of the 29 restaurants that operated in the country, due to a decision by the shareholder and franchise holder BKC EE.UU., the brand is returning to the country in the hands of the business group JV Centroamérica. The new owner has already opened one restaurant and is preparing to open two more in the next two weeks and eight during the second half of the year.
The regional trade fair for franchises 'Expofranquicias 2016', will be held on 12th and 13th of May in Costa Rica.
From a statement issued by the Chamber of Commerce of Costa Rica:
Costa Rica, March 14, 2016. More than 100 exhibiting companies and 4,000 investors from the Caribbean, North, Central and South America and Europe, will participate in the seventh version of the only regional trade fair for franchises: Expofranquicia, which will be held on 12th and 13th of May in Costa Rica with the aim of promoting the opening of new franchises in the region.
Thirteen fast food franchises will be opening 40 new stores this year, after 2015 saw the arrival of some new players and the departure of others.
A survey carried out by Nacion.com on the franchising industry revealed that about 40 new stores will generate 360 jobs this year, compared to the 654 redundancies recorded in fast foodrestaurants segment in 2015.
The closure of the 29 restaurants has left, not only unmet demand in the fast food market in high consumption areas, but also well-qualified staff.
An article in Elfinancierocr.com is an accurate analysis of the wakeup call for the fast-food market of Costa Rica, represented by the closure of operations of a franchise which has been operating since 1990.
The union of restaurants in Guatemala confirmed the closure of the chain of US origin, which in March 2014 began the process of acceding to Chapter 11 bankruptcy. Salvador Contreras, union representative, told Elperiodico.com.gt that "... officially no reason for the closure is known or if there is an operation with firms that are replacing the brand."
Live at the beach in the exclusive Punta Leona Resort, a dream with shaded white sand beach, pools, restaurants, wild life. New affordable, energy efficient home. The house - possibly the only energy efficient green...
I have six building lots in the Punta Leona Resort ready for construction. I am looking for a partner to provide financing and or construction. Wanted partner for financing and/ or construction in the...
Sustainable 70 Acre Coffee Farm, San Ramon, Costa Rica Coffee Estate, development property with 20 titled lots, ready to develop with roads, water and power. Great Location, close to everything. Ideal area for living or developing an ecologically...