Herfy Food Services Company announced that signing of non-binding Memorandum of Understanding (MOU) a contract with Eat Rite Food Services Company to grant it franchise rights to open 50 restaurants of Herfy in Nigeria over a period of 10 years. Date of signing the contract is November 24, 2021. Contract value is USD 300,000 in addition the annual franchise revenue and opening fees for each restaurants. Contract details: Herfy food Services Company that signing of a contract with Eat Rite Food Services Company to grant it franchise rights to open 50 restaurants of Herfy in Nigeria. over a period of 10 years, with an average of 5 restaurants per year. Contract duration: Ten years renewable.