PETALING JAYA: A&W Malaysia Sdn Bhd is allocating RM110 million of its capital expenditure (capex) to expand by up to 124 outlets in the country by 2024.
CEO 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 RM22 mil 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 RM1 mil-RM1.2 mil per restaurant,” he told a press conference after signing a development agreement with Singapore-based A Great American Brand International Pte Ltd here today.
The signing ceremony was witnessed by A&W Restaurants Inc CEO Kevin Bazner and the US 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 RM120 mil in sales this year compared with RM90 mil in 2019.
Ang, the man behind Inter Mark Resources Sdn Bhd, acquired A&W Malaysia from KUB Malaysia Bhd for RM34 mil in 2018.
Established in 1963, the A&W franchise is the first and oldest quick-service restaurant in the country, with the first outlet set up in Jalan Tuanku Abdul Rahman here, followed by Malaysia’s first drive-in restaurant in Petaling Jaya. – Jan 10, 2020 Bernama
