Businesse-magazine

Saudi Herfy grants Eat Right a franchise of 50 branches in Nigeria

Saudi Herfy Food Corporation announced recently the signing of a franchise agreement with EAT RIGHT Catering Services to open 50 Herfy restaurants in Nigeria over ten years.

The contract is worth $300,000, according to Herfy, in addition to the annual franchise earnings and opening costs for each restaurant, according to a statement released on the Saudi market website Tadawul.

The contract is for ten years, renewable at a rate of five restaurants every year.

According to Herfy, this contract will result in a profit in the fourth quarter of 2021.

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