Virat Kohli-backed restaurant chain, One8 Commune, is planning to invest approximately INR 35 crore to more than double its outlets by FY25, as shared by Vartik Tihara, Co-Founder of One8 Commune.
At present, the brand operates in six cities – Bengaluru, Hyderabad, Pune, Delhi, Mumbai, and Kolkata – boasting nine outlets. Additionally, it intends to venture into international markets, with its inaugural outlet set to open in Dubai soon.
“Currently, we’re in the process of setting up eight outlets in cities such as Chennai, Indore, Jaipur, Mohali, Ludhiana, Delhi, Goa, and Hyderabad. Over the past two years, we’ve been consistently opening 3-4 new outlets annually,” he stated.
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“By the end of FY24, we aim to inaugurate at least five outlets, followed by an additional five outlets by the end of FY25,” he elaborated.
On average, each One8 Commune outlet occupies a 5,000 sq ft area, with a corresponding capital expenditure ranging between INR 2.5-3 crore.
Additionally, by mid FY25, the brand plans to add more verticals, such as a café offering Virat Kohli’s merchandise.”We’re set to provide healthy smoothies, nutritious bowls, and high-protein diet options in the cafes,” he affirmed.
The bootstrapped brand has been experiencing a year-on-year growth of 14-15 percent. Moreover, each of its outlets reaches the breakeven point within two years of operation.
“We closed the previous fiscal year with INR 100 crore in revenue, and for the current fiscal year, we aim to double our revenue, reaching INR 200 crore,” he said.
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