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Restaurants and hotels looking to expand

27 | 09 | 13

There is a lot of restaurant and catering related news this week so we highlight some of the companies reporting growth and expansion. Members of the catering equipment suppliers industry will be interested to know which businesses are doing well in the sector.

Richoux Group to expand Zippers and Dean's Diners

The Richoux Group has announced it will be looking to expand its Zippers American restaurants and Dean's Diner brands.

Chairman Phillip Shotter said the company will focus on new locations for both brands, which he considers "to offer the greatest scope for development with what is a congested and evolving restaurant market".

This news came as the company announced its profits for the 28 weeks leading to July 14th this year increased to £800,000 from £620,000 from the same period last year. Turnover also went up by 13.5 per cent year-on-year from £5.14 million to £5.84 million.

Of the group's 16 businesses, it currently operates four Dean's Diners located at Chatham, Port Solent, Braintree and Fareham while a fifth is to open in Bicester around November. It also has two Zippers operating in Chatham and Port Solent.

Punch spent £102k redeveloping each location

Punch Taverns has announced it spent an average of £102,000 on each of its 476 core pubs in the past year.

Whilst this is not directly an expansion, the company has reported improving and investing in its foodservice facilities. It claimed funding was structured with a focus on improving food sales.

In its preliminary results for August 2013, the company states 27 per cent of partner revenue comes from food sales, an increase of three per cent from a year before. Likewise, 87 per cent of its partners now provide a "meaningful food offer", compared to 77 per cent two years prior.

Executive chairman of Punch Taverns Stephen Billingham said: "We have made excellent progress in implementing operational changes during the course of the year and this is reflected in our recent financial performance. Pubs in which we have invested have shown significant improvement in performance and the core division accounts for over 80 per cent of Group [earnings before interest, taxes, depreciation, and amortization]."

This level of brand-wide funding is certainly good new for kitchen equipment suppliers, especially since the primary focus of the push appeared to be improving food and catering within the business.

Clink Charity to open third site at HMP Brixton

The Clink Charity will be launching its third in-prison training restaurant at HMP Brixton early next year.

It will convert the old governor's house into a restaurant and meetings venue. This will follow the same approach used at the Clink restaurant at HMP High Down in Surrey and HMP Cardiff's Clink Cymru.

While it is not the most traditional eateries, it may well need more than its fair share of catering equipment - the group's latest establishment is three-stories tall.

The charity's chief executive Chris Moore said: "The central location lends itself to securing support from local businesses and members of the public, providing they are committed to The Clink’s vision and once the necessary security checks have been processed, providing real-life experience for those prisoners who make it through the selection process to join the programme."

In 2012 the charity entered a partnership with Her Majesty's Prison Service to open seven more restaurants. This is to take place in four years, meaning six more restaurants can be expected in the future.ADNFCR-16001031-ID-801643099-ADNFCR


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