Pub Chain Bar Stock Exchange To Expand To Other Cities

Mumbai-based pub chain, Bar Stock Exchange, is expanding its outlets to other cities in India. With currently six outlets in Mumbai, the chain is expected to launch new outlets in Pune, New Delhi and Bengaluru. The chain will also push its brand internationally with new outlets in London and Singapore by the end of this year.

New Launch

The pub, launched by Mihir Desai and Amit Singh, is based on the stock exchange format with drinks increasing or decreasing in price based on demand on that specific day. The launch of the pub in Pune is expected to take place this month, followed by the opening of outlets in New Delhi and Bengaluru. The international expansion in Singapore and London will follow later in the year. Speaking to Economic Times about the new launch, Mihir Desai said, “These will be company-owned outlets. But we will look at a franchise-based model in the UK in the future.” 

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Setting Up Franchise

The pub chain is part of Corum Hospitality, which also has Big Bang Bar and Masala Zone under its wing. The new outlets will cost nearly Rs. 2.5 crore to set up in India and will cost double that for outlets in UK and Singapore, according to ET. The new outlets in Pune, Delhi and Bangalore will have similar themes and menus as the Mumbai outlets and will be housed in nearly 5,000 sq.ft of space. 

barstockexchange

Declining Sales

Although Quick Service Restaurants (QSR), Pubs and Fine Dining places are increasing in number, recently, according to a report published by ET, 80 restaurants in the country shut down due to lagging sales. Consumers have increasingly turned their attention to online food delivery platforms due to ease of use. According to NRAI, restaurants in the country have started to experiment with new concepts and themes to entice the consumers into spending their disposable income at their establishment.  

7 Comments

  • Priyam Mittal
    April 21, 2017 1:20 pm

    I want to open it in Bhopal. Please send me the details.

  • October 3, 2016 5:09 pm

    i want to open in hyderabad pls provide me details to contact

  • September 27, 2016 1:48 am

    Well to your deep concerns, this Concept at BarStock Exchange itself is copied from a german company which originated in 1996. How can they even call it legit when the german company already has its name copyrighted and trademark registered for the last 21 years. We Indians can never stop copying. Its like a bollywood business in mumbai. Anything and everything can be copied.

  • August 26, 2016 12:52 pm

    i would like to open one in north kolkata
    how can i get connected

  • May 24, 2016 12:06 pm

    Hii, good to hear that BSE is expanding their outlets to the other cities and giving the franchise to the people as i have read the criteria for the franchise and it looks perfect to me .
    From atleast a year or so i’m planning to open my own bar but not getting that push which i’m looking for but this is the opportunity of BSE franchise will surely a thing which i’m waiting for.

  • Idea prophet
    May 20, 2016 2:57 pm

    Hi, It’s definitely great to expand. But I already came across a pub with the same concept, and everything same in Gurugram/Gurgaon, called ‘Bar Exchange’. Don’t know if it is theirs, but investors have already started cloning it.

    • May 21, 2016 1:27 pm

      Yeah. I’ve noticed a few “rip-offs” as well. Kind of the same thing that happened to KFC – you had a whole series of clones come up in a very short time.

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