Next few months ‘may be the most exciting' in Fulham Shore's history

23 April 2021 by
Next few months ‘may be the most exciting' in Fulham Shore's history

Fulham Shore, operator of Franco Manca and the Real Greek restaurants, has said "the next few months may be the most exciting in the group's short history" as it prepared to capitalise on post-pandemic property opportunities.

In a trading update, Fulham Shore confirmed it has reopened 70 of its 72 Franco Manca and the Real Greek restaurants for various combinations of alfresco dining, delivery and collection services.

The group said sales in the week ended Sunday 18 April were "very encouraging, being not only ahead of the previous week, but also ahead of the same week two years ago in April 2019".

It is continuing to look for new locations in towns and cities across the UK including London, York, Durham, Newcastle, Edinburgh, Glasgow, Cardiff, Liverpool and Manchester.

It said many of the restaurant locations it had seen were available due to insolvency events and, as a result, were typically pre-existing fitted units and therefore had a lower opening cost compared to shell units. Fulham Shore said it expects a reduction in the group's average capital expenditure per new site in the short term, which should improve its return on capital.

The business is also in the process of building two new Franco Manca pizzerias on High Holborn in London and on Mitchell Street in Glasgow, with opening dates scheduled for June 2021.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking