June 30, 2013

Pancake House plans 30 new branches, eyes ME, SEA markets

Locally, across Yellow Cab and Pancake House, the Pancake House Inc. is building 30 new stores this year. For its overseas expansion, the company relies on franchising. Yellow Cab has signed a franchising deal that aims to put up 15 new stores in the United Arab Emirates in the next three years.

To date, there are three Pancake House branches in Kota Kinabalu, three in Kuala Lumpur and one in Johor, all in Malaysia. Pancake House is also launching Teriyaki Boy in Hawaii.

Pancake House expects to grow its profits by 45% to 50% this year. In 2012, its net income surged by half to P149 M from P99 M in 2011. In the first quarter, strong food sales in both new and existing branches allowed Pancake House to grow its earnings 22.2% to P40.6 M from P33.2 M a year ago. - WealthSec