Herfy grants Eight Right franchise rights to 50 subsidiaries in Nigeria

Saudi Herfy Food Services Company has announced the signing of a contract with Eight Right Food Services Company to grant it the right to open in franchise 50 Herfy restaurants in Nigeria for a period of 10 years.

Herfy stated in a statement posted on the site web of the Saudi market, Tadawul, that the contract value is $ 300,000, in addition to the annual franchise revenue and opening costs for each restaurant.

The agreement has a duration of 10 years, renewable at the rate of 5 restaurants per year.

Herfy said this contract will have a positive financial impact in the fourth quarter of 2021.

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