La Tasca lifted by boom in business

La Tasca Lakeside

Spanish tapas bar and restaurant chain La Tasca is bullish about its prospects for expansion after revealing an improvement in trading levels over the past year.

The company recently recorded its busiest ever sales day in its 21-year history, eclipsing the previous high achieved on the same weekend back in 2008.

Sales in the first eight months of its current financial year are up 5% while EBITDA have grown on a double-digit growth.

La Tasca was re-financed in December 2013, which has considerably strengthened the group balance sheet and deleveraged the business.

Over the past four years the current owners, who are presently in discussions to attract new investment to the business, have invested heavily in modernising the restaurants and upgrading the catering equipment across the chain’s 45 sites.

Three more sites are scheduled to open in 2015, the next of which will be in Birmingham in March.

CEO Simon Wilkinson said the recent record sales haul was a landmark moment for the brand.

“This is a fantastic effort by the whole team and reflects the impact of the changes that have been implemented over the last three years — namely the move to a menu that is now 85% fresh from the 85% frozen menu we inherited as a management team over three years ago.”

He added: “Delivery of our quality products across the estate is now much more consistent and streamlined and we’re proud of each and every employee.”

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