London-based restaurant group Burger & Lobster has revealed that its turnover rose by 40 per cent in 2021, with the chain remaining “cautious” of economic headwinds as it looks to introduce a range of new dishes and continue expanding in the UK and abroad.
The company, which currently operates nine restaurants, recently released its results for the financial year ending 2 January 2022, showing a strong performance marred only by the emergence of the Omicron COVID variant in December, which affected Christmas bookings.
The group performed well with a turnover of £22.8m during this period, rising from £16.3m in the previous year.
Despite cost-of-living headwinds, Burger & Lobster’s week-on-week sales continue to grow.
The company’s latest financial results come just as the brand temporarily closed its Soho restaurant for refurbishment.
A further programme of site investment is planned for early next year, with the brand also rolling out a consistent programme of menu development through several successful chef collaborations that raised the profile of its food offering.
These included partnerships with Max Halley, James Cochran and, launching later this month, Tom Brown of Michelin-starred restaurant Cornerstone.
In addition, new dishes are being introduced in the coming months that put the spotlight on premium ingredients and provenance.
Dino Sura, managing director of Burger & Lobster Restaurant Group, said: “Whilst we remain cautious in the short term as we navigate through the cost-of-living and financial crisis, we are confident that our continued commitment to brand development and innovation will resonate with our loyal customers and attract new diners.”
Burger & Lobster sprinkles menu magic as it mounts Covid comeback
