Fulham Shore to reach 110 sites in 2025
The expansion plans came alongside the group’s financial results for the year ended 28 March 2021, during which group revenues fell 41.3% year-on-year to £40.3m
Restaurant group The Fulham Shore is set to grow its UK portfolio from 74 to over 110 by the end of 2025.
The expansion plans came alongside the group’s financial results for the year ended 28 March 2021, during which group revenues fell 41.3% year-on-year to £40.3m.
The owner of Franco Manca and The Real Greek also saw losses before tax widen to £7.5m in FY21, up from £800,000 the previous year.
However, since the period end the group has expanded its restaurant portfolio by two, with a further 12 sites currently “in solicitors’ hands” to strengthen the firm’s pipeline.
David Page, executive chairman at The Fulham Shore, said: “During an unprecedented year, we are pleased to have navigated through the very challenging trading conditions to deliver this good performance.
“Since the beginning of the current financial year commencing 29 March 2021, the group has continued to trade profitably and ahead of management expectations, driven by strong performances across our suburban restaurants.”
He added: “In line with our long-term expansion strategy we have developed a strong pipeline of new locations, supported by favourable rental terms and the Group’s strong cash position.
“We plan to open 10 locations during the current financial year and have identified more than 150 additional sites in line with our medium-term plans.”