Member Article

Profits soar at London restaurant operator The Fulham Shore

The Fulham Shore, which operates seven The Real Greek restaurants and one Franco Manca pizzeria in London, has reported pretax profit of £84k for the six months ending 28th September 2014.

The group has had a promising end to the year, as it reported pretax losses of £149k for the year ending 30th March 2014.

For the six months ended 28 September 2014, the group generated revenue of £953k

As well as operating Franco Manca pizzeria on Tottenham Court Road, London, the group runs seven The Real Greek restaurants and is currently working on a new outlet on Berwick Street, Soho, which is due to open in Spring 2015.

The Fulham Shore acquired the Real Greek portfolio in October.

David Page, chairman of The Fulham Shore, said: “The Real Greek, since acquisition, has been operating satisfactorily, with sales increasing in line with our expectations. The restaurants have benefited from the mild autumn, especially those with outside seating and Christmas trade is also in line with the Board’s expectations.

“We continue to seek investment opportunities which have potential for expansion and significant capital growth, and look forward to the conclusion of the financial year with confidence.”

This was posted in Bdaily's Members' News section by Ellen Forster .