CFC Opens 17 Outlets by September 2026, Targeting 20 for the Year

PT Pioneerindo Gourmet International Tbk (PTSP), the operator of CFC restaurants in Indonesia, opened 17 new outlets by September 2026. The expansion involved capital expenditure of around IDR 7 billion to IDR 8 billion. The company plans three further openings by December to reach its target of 20 new outlets for 2026.

Three openings remain to meet the annual target

Teh Kian Kun, a director of PT Pioneerindo Gourmet International Tbk, provided the expansion update at an online public presentation on 3 November 2026. According to reporting by Kontan, the company is maintaining its plan to add 20 outlets by the end of the year.

“Our plan to open 20 new outlets by December 2026 remains on track,” Teh said.

With 17 openings by the end of September, the company had achieved 85% of its annual target. This figure compares the number of outlets opened with the planned openings for 2026; it does not measure growth across the CFC network as a whole.

This distinction matters when interpreting expansion news. New openings indicate additional locations, whereas net network growth requires information about the entire outlet base, including any closures. The figure of 17 outlets should therefore be understood as the number of openings reported by the company.

For those following Indonesia’s franchise market, CFC’s progress is one restaurant network expansion to watch as the year draws to a close. The next focus is whether the remaining three outlets open, rather than treating the annual target as already achieved.

Expansion funded from internal cash resources

PTSP is relying on its internal cash resources to fund the expansion and capital expenditure. Capital expenditure on outlet openings up to September was between IDR 7 billion and IDR 8 billion.

The funding information provides context for how the opening programme is being implemented. In the explanation reported by Kontan, the company’s cash resources are financing this expansion. However, that statement does not, in itself, explain PTSP’s overall funding structure beyond the activities reported.

The capital expenditure figure also needs to be understood in context: it represents company spending on expansion already carried out. It is not an investment package offered to prospective partners and cannot be used directly as a benchmark for the cost of opening a CFC franchise outlet.

Dividing total capital expenditure by the number of openings produces an arithmetic average, but does not reveal the investment requirements of each location. Readers comparing business opportunities should distinguish between corporate capital expenditure and the cost of becoming a franchise partner, rather than interpreting expansion news as pricing information for a franchise package.

Revenue rises 4.2%, profit grows 12%

The new outlets form part of PTSP’s strategy to support sales growth. For the period to September 2026, the company reported net operating revenue of IDR 556.3 billion, up 4.2% from IDR 533 billion in the same period a year earlier.

Meanwhile, profit for the period attributable to the parent company reached IDR 15.48 billion, an increase of 12% year on year. Reported profit growth therefore outpaced revenue growth over the period.

These two indicators show that the expansion coincided with increases in company revenue and profit. However, these financial figures reflect PTSP’s performance, not the operating results of individual new outlets.

The 4.2% revenue increase cannot therefore be attributed directly to the 17 openings. Likewise, company profit does not indicate an individual outlet’s profitability or payback period. Distinguishing between company-wide and outlet-level performance is important for anyone using listed-company reports to assess opportunities in the franchise market.

Two targets to monitor through December

Alongside its outlet opening target, PTSP has set a sales growth target of 5% for 2026. By September, reported revenue growth stood at 4.2%. The full-year results will determine whether the sales target is met.

The opening target and the sales growth target are separate measures. Successfully adding locations does not automatically mean the sales target has been achieved. Equally, sales performance needs to be assessed through financial reports, not simply through the number of outlet openings.

As 2026 draws to a close, two developments are worth watching: completion of the remaining three openings and PTSP’s full-year revenue performance. Together, these will provide a fuller picture of CFC’s expansion following the first nine months of the year.

Practical takeaway: treat news of CFC openings as an update on network development. Before assessing a potential franchise partnership, distinguish between company targets, financial results and outlet investment requirements; these are not interchangeable measures.