In the last two years the supply of fast food restaurants has doubled, and now oversupply is being noticed in a decline in sales, which have fallen by 10%.
According to Manuel Burgos, president of the Costa Rican Chamber of Restaurants and Related Businesses (Cacore), with the opening of new shopping centers such as Lincoln Plaza in Moravia, Paseo Metrópoli, in Cartago, and Plaza Tempo, in Escazu, at least 80 restaurants of this type have opened.
While Chili's and Buffalo Wild Wings open their first branches in Costa Rica, the established Applebee's, Subway, Quizno's, McDonald's, KFC and Teriyaki have increased their investments.
Before the end of the year, Hooters will open its fourth restaurant on Paseo Metropolis, in Cartago, east of San José, with an investment of $1 million.
The Franchises Buffalo Wings and Moe's are to start operations in August in Plaza Tempo, located in Escazu.
For the U.S. food chain, Moe's, the opening of its branch in Costa Rica is it’s first foray into Latin America. The company also plans to open another branch in July 2013, in Plaza Carolina Mall, also in the Costa Rican capital.
The Salvadoran group is building 'Plaza Tempo' in Escazu, a shopping center and office complex.
The 16.000 square meters of office complex and the 6.300 of commercial areas will be integrated into the Holiday Inn Hotel, which will open in less than a month.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...
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