Franco Manca operator Fulham Shore reports strong growth

By Restaurant

- Last updated on GMT

Franco Manca operator Fulham Shore reports strong growth

Related tags Fulham Shore The Real Greek Multi-site R200 Casual dining Franco manca

Fulham Shore has reported revenue of £82.7m for the year ending 27 March, an increase of 20.6% from £68.6m for the year ended 29 March 2020 and up 105% on last year’s figures.

The group behind restaurant brands Franco Manca and The Real Greek has also reported an operating profit of £6.7m, compared with a loss of £4.8m in 2021, and profit before tax of £3.9m, against a loss of £7.5m the previous year.

Its EBITDA was £19.5m, up from £8.7m in 2021.

Fulham Shore operates 89 restaurants and plans to open a further 18 venues in the financial year. Beyond that, it has a goal of opening more than120 restaurants in the UK by spring 2025, bringing its estate to more than 250 sites.

Seven new Franco Mancas opened across the UK in the period, taking total to 66 in the UK and 68 globally. Four more Franca Mancas are currently being fitted out in Chichester, Hove, Lincoln and Windsor.

Franco Manca also entered into a franchise agreement for expansion within Greece during the period, with discussions ongoing in countries in Europe, the Middle East, and Africa.

Two new The Real Greek restaurants are under construction in Solihull and Gloucester Quays and 16 further sites are in solicitors’ hands, says the group.
“Fulham Shore delivered a very strong performance with revenue more than doubling against the prior year, reflecting the quality of our two restaurant businesses as well as the easing of pandemic-related trading restrictions,” says executive chairman David Page.
“The group continued to make excellent strategic progress, investing in new restaurants across the UK and creating jobs. During the year we opened 10 new restaurants across Franco Manca and The Real Greek and signed an exciting franchise agreement for Franco Manca in Greece. We have continued this momentum in the current year to date and have an excellent pipeline of new sites as we continue to grow our two outstanding restaurant businesses.”
Fulham Shore also says that some city centre sites were generating record weekly sales due to the return of both domestic and overseas tourists and rising footfall in the capital and that it plans to keep prices affordable across the estate to drive customer footfall.

Related news

Follow us

Hospitality Guides

View more