Following in fast food chain Kentucky Fried Chicken’s Footsteps (already in Nigeria) and Walmart which plans to launch its stores in Nigeria soon, Domino’s Pizza announces plans to also launch its fast food restaurants in Nigeria.
“VENTURES AFRICA – Nigerian based firm Eat n Go has disclosed plans to invest $5 million on a franchise agreement to bring in Domino’s Pizza, a popular United States (US) based eatery outfit to the country, a local newspaper has reported.
According to Lagos-based Vanguard newspaper, Senior Partner of Eat n Go Mr Jean Claude Meyer said the amount will be spent on real estate, staff training, provision of electricity and acquisition of the needed equipment, as it plans to establish about 500 stores in the country over the next three years.
Mr Meyer explained that the company is investing about $5 million into the project due to the “very expensive” price for real estate in Nigeria. He said an investor has to pay rent for “several years and that is not the case in other countries. . .” –Ventures Africa