PETALING JAYA, Jan 10 -- 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.
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 RM22 million 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 million-RM1.2 million 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 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 RM120 million in sales this year compared with RM90 million in 2019.
Ang, the man behind Inter Mark Resources Sdn Bhd, acquired A&W Malaysia from KUB Malaysia Bhd for RM34 million 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 Tunku Abdul Rahman, followed by Malaysia’s first drive-in restaurant in Petaling Jaya.
-- BERNAMA
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