JOHANNESBURG, South Africa -- Scooters said it will expand beyond South Africa's borders and open stores in four East African countries over the next two years.
According to a report published by All Africa Global Media, Scooters' managing director Carlo Gonzaga said the company's positive northward expansion to Botswana and the signing of master franchisee Abdullah Khan (also the master franchisee of the Nando's chain) there led it to look even further away for new business.
The company plans to add two more stores in Botswana next year.
Gonzaga believes 90 stores in South Africa will saturate that market. It currently has 40 stores in the country and will add another 20 in 2003.
South Africa's pizza market is valued at R1.4 billion (U.S. $141 million).
Scooters planned to have 50 sites in operation by February 2003, when its fiscal year ends. However, difficulty finding prime sites, said Gonzaga, will likely limit growth to 43 total stores. As a result, revenue is expected to be R90 million (U.S. $9 million) against the expected R100 million (U.S. $10 million) for fiscal year 2002.