Fulham Shore reckons it can grow its estate by eight to 10 new restaurants over the next year despite admitting that current trading is being blighted by “poor consumer confidence”.
The company, which owns Franco Manca and The Real Greek, now operates 69 restaurants in the UK market.
The casual dining sector has been under enormous pressure in the last two years, but chairman David Page said it remained focused on opening new sites.
“We are close to agreeing terms on further sites due to open in calendar years 2020 and 2021 in London and around the UK,” he revealed. “Our opening plan contemplates growing the UK business by 8 to 10 new restaurants in the next financial year.”
In the last few months it has opened two restaurants in London: a new Franco Manca just off Bishopsgate and a The Real Greek on the south side of Tower Bridge.
Over the next couple of years, it will seek to establish one of our businesses internationally, Mr Page said.
The company hopes the launch of a loyalty scheme and phone app will boost visitor numbers going forward. The investment in the platform has already attracted more than 55,000 users and will allow it to drive customer engagement and encourage more regular visits.
Revenue at the group for the six months to 29 September increased 9% to £36m.