A&W M’sia eyes 124 stores by 2024
PETALING JAYA: A&W Malaysia Sdn Bhd is allocating Rm110mil of its capital expenditure (capex) to expand by up to 124 outlets in the country by 2024. The brand turns 100 this year.
Chief executive officer George Ang said there are currently 49 A&W outlets in Malaysia, and 20 more are in the pipelines this year.
“We set aside about Rm22mil of capex every year to set up between 20 and 22 outlets, including dessert kiosks in shopping malls and retail centres nationwide, and we spend about Rm1mil to Rm1.2mil per restaurant,” he told a press conference after signing a development agreement with Singapore-based A Great American Brand International Pte Ltd here yesterday.
The signing ceremony was witnessed by A&W Restaurants Inc chief executive officer Kevin Bazner and United States Embassy’s deputy chief of mission in Malaysia, Dean Thompson. Following the increase in the number of outlets, Ang expects A&W Malaysia, the oldest fast food chain in the country, to achieve Rm120mil in sales this year compared with Rm90mil in 2019.
Ang said he plans to improve delivery sales, launch breakfast offerings and introduce new snacks.
“We have 49 stores and have room to grow,” he said.
Ang, the man behind Inter Mark Resources Sdn Bhd, acquired A&W Malaysia from KUB Malaysia Bhd for RM34 mil in 2018.
Ang put in place a series of value-and-services enhancing initiatives in order to raise its sales to Rm100mil from Rm70mil recorded in 2018. Ang is no stranger to the F&B industry, as he is one of the founders of Manhattan Fish Market and the director of Revenue Valley Sdn Bhd, which operates Manhattan Fish Market, Tony Roma’s and NY Steak Shack in Malaysia, Singapore and Thailand. — Bernama