Owner behind Franco Manca pizzerias reveals 'growing' financial results London-headquartered Fulham Shore PLC has released its unaudited interim results for the six months to September 29 2019. Fulham Shore said they are ending the financial year with 61 restaurants, comprising 44 Franco Manca outlets in the UK, 1 Franco Manca in Italy and 16 The Real Greek sites. They expect to report that both revenue and headline EBITDA will be ahead of last year’s figures.

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This demonstrates the exceptional quality and value-for-money proposition at both Franco Manca and The Real Greek. Veteran restaurateur David Page, who owns pizza chain Franco Manca through AIM-quoted Fulham Shore, has warned that the restaurant market is challenging but that some operators' woes are self-inflicted. Our talented editorial outfit and that which drives them. In a trading update, Fulham Shore also revealed the majority of Franco Manca restaurants (49 of 51) and The Real Greek restaurants (14 of 18) have now re-opened, serving customers through a combination of dine-in, takeaway, click and collect and delivery – with early signs in both businesses deemed as “promising”. Join us and make your mark.

Rebecca Wayman The current situation started with an oversupply of restaurants in the UK, followed by the Covid-19 pandemic. Contact us anonymously through this link. The restaurant group behind pizza chain Franco Manca has said it will take advantage of lower rents and open new sites despite seeing trade impacted by the pandemic.

In the board’s opinion, many of these businesses were those with poor products, overpriced menus and stretched balance sheets, sometimes combined with owners inexperienced in how to run restaurants, control costs and look after cash.”, It concluded: “In the aftermath of all the above downturns, many good restaurant businesses survived and came out stronger. They recently opened four new Franco Manca sites in the financial year ending March 31, located Bath, Cambridge, with the third just off the Aldwych in London and the fourth, opening last week, opposite the steps of St Paul’s Cathedral and the London Stock Exchange. Fulham Shore has also launched a Franco Manca loyalty scheme and mobile app. They also signed a site for a Franco Manca pizzeria in Edinburgh. The UK is currently going through unprecedented times, News on the UK's fastest growing startup businesses. You cannot switch off these cookies. Find out how Bdaily can help →. Copyright © 1997 - 2019 Mulberry Publications Ltd. All rights reserved. “Looking ahead, the board remains confident that Fulham Shore is well positioned for continued growth and a great future. The comments came as part of a wide-ranging interview in The Times today. on The group - which owns and operates several restaurant chains - announced its revenue has increased 9.3 per cent to £36m, compared to 2018’s figure of £33m. Ahead of their upcoming financial results, the company expects to report that both revenue and headline EBITDA will be ahead of last year’s figures and “in line with market expectations.” Such growth has been driven by increasing customer numbers in their existing restaurants and new restaurant openings.

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Fulham Shore’s operating profit came in at £2.1m, while profit-after-tax stood at £0.4m. David Page, Fulham Shore’s chairman, said: “We are pleased to have delivered good performance during the first half of the current financial year with revenue increasing by 9.3 per cent across the group. This website uses cookies to measure our traffic, manage email subscriptions and operate our paywall.

The company that owns Franco Manca and Real Greek is eyeing an increased number of restaurants across both brands as revenue continues to grow. “In all of the previous downturns referred to above there were many casualties in the restaurant sector.

The group has opened six new Franco Manca pizzerias including one in Bishopsgate, as well as one new The Real Greek restaurant, near Tower Bridge. Do you know more about this story?

Published by In July 2017 they said that the uncertainty over Brexitwas 'already affecting the availability of skilled European restaurant staff’. It added that due to social distancing requirements, the board estimates that its re-opened restaurants can operate at approximately 60 to 70%of their previous dine-in capacity – with the reduction in capacity to “some extent” having been compensated by an increase in delivery and takeaway sales. Visit our, Restaurant Brands Collective to offer bespoke franchise service, Former Jamie Oliver employees win £200k legal claim, Compass profit plummets 82% in full-year results, London restaurants and hotels face £3bn rates bill, The Three Chimneys shutters for remainder of 2020, BBPA calls for VAT cuts and rates holiday extension, A third of hospitality groups fear collapse, North-East restaurateur banned for tax abuse, Tiers three and four could provide losses for 95% of Scottish hospitality, Compass Hospitality launches £60k scholarship programme, UKH calls for greater clarity as lockdown nears end, Breakfast Club founder searches for new MD, Wigton takeaway ordered to close following regulations breach, Restrictions drive October pub and restaurant sales into reverse, Wadworth offloads 21 pubs to Liberation Group, JD Wetherspoon reports 27.6% sale decrease, Pizza Express names new chairman and group chief exec, Latymer at Pennyhill Park retains four-AA rosette status, Cameron House appoints Zoltan Szabo as executive chef, HRC Show given green light for March 2021, Casual Dining Show postponed until July over coronavirus fears, Casual Dining 2020 confirms over 65 keynote speakers, The Cod’s Scallops named UK’s ‘best’ fish and chip shop, Burley Manor’s Mediterranean restaurant awarded 2 AA Rosettes, Wiltshire pub named ‘most eco-friendly’ food business, New head chef brings award nomination to Cornish hotel restaurant, The Lawns receives triple AA Rosettes for ‘culinary excellence’, Richard Galli joins Poké the Bear as executive chef, Wahaca to see £25m debt written off in CVA proposal, Costa Coffee to open new branch in Durham outlet centre, Albert’s Schloss co-founders plan new Manchester restaurant, Brighton set to welcome first seaside food hall, Oddfellows On The Park recruits new pastry chef, Harry Ramsden signs deal with Mecca Bingo, The four post-lockdown personas – and how to cater to each one, Keep your staff motivated and inspired through lockdown 2.0. One new Franco Manca restaurant is currently being built in Greenwich, which will open early in the new financial year.

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