Casual Greek dining franchise chain Souvlakihut is the highest ranking food business in the BRW Fast Franchises listing for 2010. Ranked third on the 2010 list for revenue growth, and fourth for outlet growth, Souvlakihut has grown by over 217 percent over the last three years.
The BRW Fast Franchises list ranks companies according to their average annual turnover growth over three years.
Last fiscal year was Souvlakihut’s most successful in terms of growth, more than doubling its amount of stores and achieving revenue growth of 120 percent.
John Fotiadis, co-founder of Souvlakihut, attributes the business’s success to the strong team of franchisees that are advocating the brand and the emphasis placed on the brand’s product offering, excellent customer service and support it provides franchisees.
“Our franchisee recruitment process is extremely vigilant as we know the importance of having strong brand advocates, who can see our vision for the business and work hard with us to achieve success.
“We pride ourselves in our franchisee support operations, we have development agents who work closely with franchisees in each area to ensure they have everything they need to run a successful business.
“We’re delighted to be recognised as the third fastest growing franchise system in Australia.”
At the same time, as Mr. Fotiadis stated to “Neos Kosmos”, Greek souvlaki, is bound to enter one of the greatest markets of the world, i.e. India. “We are currently in the process of signing the contracts”, stated Mr. Fotiadis, emphasising that Greek souvlaki is currently unknown in India.
Souvlakihut now has 36 franchises across the Eastern Seaboard with a target of more than double by the end of 2010.
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