MAX’S GROUP, Inc. (MGI) is investing about P1 billion for a new manufacturing and distribution center in Cavite to strengthen its store expansion in the following years.
The classified casual dining restaurant operator said it has begun the construction of the No Bia Food Manufacturing and Distribution Center in Carmona, Cavite last year, with fulfillment targeted by 2020.
“It allows us support for our expansion post-2020. If we didn’t have that then it would be hard for us to really expand,” MGI Chief Finance Officer Dave T. Fuentebella told reporters in a briefing after the company’s annual shareholders’ meeting in Quezon City yesterday.
The company said it has a sum of nine commissaries, three of which are used for production manufacturing while the rest are for warehousing.
The facility will cater to the needs of MGI’s brands, including Max’s Restaurant, Pancake House, Yellow Cab Pizza, Krispy Kreme, Jamba Juice, Max’s Corner Bakery, Teriyaki Boy, Dencio’s, and Sizzlin’ Steak, among others.
MGI President Robert F. Trota said they will be spending over P600 million in capital expenditures this year, the majority of which will be used to further the expansion of its commissaries.
Meanwhile, MGI has scheduled to open 80 new stores this year, only 20 of which will be company-owned to support its plan to have more franchised outlets by 2022.
News source: Business World