Shakey's Pizza Asia Ventures Inc Opens 15 New Shakey's and 15 New Peri-Peri Charcoal Chicken Outlets in 2021
February 22, 2021 at 09:39 pm EST
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Shakey's Pizza Asia Ventures Inc. is set to open 15 new Shakey's and 15 new Peri-Peri Charcoal Chicken outlets in 2021, restarting a store network expansion strategy that was put on hold last year due to the COVID-19 pandemic. Last 2020, the Company ended with 245 Shakey's restaurants, 3 of which were located abroad, and 34 Peri outlets all located in the Philippines. It also launched a number of new offerings in select outlets including the ability for guests to `Park & Dine, `Park & Order, eat outdoors, and order R&B milk tea - one of the leading milk tea brands in Singapore. The company is set to open smaller store formats with reduced investment requirements relative to its traditional brick-and-mortar stores. This ensures payback periods are kept short and return on capital remains high. It is also looking to build locations that have both the Shakey's and Peri brands to maximize its existing asset base.
Shakey's Pizza Asia Ventures Inc. is a Philippines-based company, which is engaged in chained pizza full-service restaurant, chained full-service restaurant, and chained kiosks. The Companyâs segments include Restaurant Sales and Franchise and Royalty Fee. The Restaurant sales segment is engaged in restaurant activities and sale of merchandise and equipment to franchisees. The Franchise and royalty fees segment represent payment of sub dealers for the use of the Shakeyâs, Peri-Periâs and Potato Corner brands. The Company operates over 300 stores. Its brands include Shakey's Pizza Parlor, Peri-Peri Chicken Charcoal Chicken and Sauce Bar, Potato Corner, Project Pie, R&B Team, and Bakemaster Inc. Shakey's Pizza Parlor owns and operates Company-owned stores as well as franchise the brand, enabling Company to branch out to second- and third-tier cities. Potato Corner is a kiosk-based food brand. Bakemaster Inc. supplies airline caterers, hotels, restaurants, and sandwich chains.