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The Business Station
BananaBro: A RM70 Million Business With Overseas Franchising Aspirations
36 mins
·
10:00, 17 Jan 2024
·
Recommended
43 mins
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Guest: Tony Lim, Co-Founder, BananaBro
BananaBro is a chain of banana leaf restaurants founded in 2018 by Tony Lim, who isn’t a stranger to the F&B space. He previously started Boat Noodle back in 2013 and before that set up a Chatime franchise in Cambodia in 2011.
In 5 years, BananaBro has grown to over 30 outlets nationwide and made RM70 million in revenue in 2023, with EBIDTA margins around the 15%-20% range. The business is still actively expanding and is looking to take their store count to 60 by 2026. At present, Tony sees potential revenue for the Malaysian market hitting between RM150 million to RM200 million in time.
From bubble tea to thai boat noodles and now Indian banana leaf, in this edition of Open For Business we explore the business rationale and promise for building a banana leaf restaurant chain, how Tony's past experiences have helped with the starting and scaling of this venture, and much more.
Presenter: Roshan Kanesan
Producer: Kishan Sivaswamy
ofbbb2023
BananaBro
malaysian restaurant chain
restaurant chains
banana leaf
banana leaf restaurant
f&b
made in malaysia
food business
malaysian brands
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BananaBro: A RM70 Million Business With Overseas Franchising Aspirations
36 mins
·
10:00, 17 Jan 2024
Guest: Tony Lim, Co-Founder, BananaBro
BananaBro is a chain of banana leaf restaurants founded in 2018 by Tony Lim, who isn’t a stranger to the F&B space. He previously started Boat Noodle back in 2013 and before that set up a Chatime franchise in Cambodia in 2011.
In 5 years, BananaBro has grown to over 30 outlets nationwide and made RM70 million in revenue in 2023, with EBIDTA margins around the 15%-20% range. The business is still actively expanding and is looking to take their store count to 60 by 2026. At present, Tony sees potential revenue for the Malaysian market hitting between RM150 million to RM200 million in time.
From bubble tea to thai boat noodles and now Indian banana leaf, in this edition of Open For Business we explore the business rationale and promise for building a banana leaf restaurant chain, how Tony's past experiences have helped with the starting and scaling of this venture, and much more.
Presenter: Roshan Kanesan
Producer: Kishan Sivaswamy
ofbbb2023
BananaBro
malaysian restaurant chain
restaurant chains
banana leaf
banana leaf restaurant
f&b
made in malaysia
food business
malaysian brands
Share:
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Recent episodes
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Latest Stories
Podcasts · Jan 20 · 35 mins
Can We Eliminate #3: The Flu?
Podcasts · Jan 20 · 34 mins
Fighting Food Waste with Kechara Soup Kitchen
Podcasts · Jan 20 · 40 mins
Trump 2.0: Tariffs, Immigration & the Musk-Rogan Effect