Fat Hippo Group beefing up national expansion and job creation plans
An independent North East restaurant group has revealed plans to more than double the number of restaurants it runs across the UK and create more than 200 jobs by the end of next year.
The Fat Hippo Group is aiming to open up to nine new burger restaurants over the next 18 months, with the first of these set to open in Cardiff city centre at the end of May.
The Newcastle headquartered group’s next restaurant will then follow in Birmingham a few weeks later, with its first restaurant in Scotland, which will be in Glasgow city centre, opening soon after that.
Around 70 new jobs will be created across the three new venues, taking the total number of people employed across the group past the 300 mark, and up to a further 150 new jobs are then expected to follow by the end of next year.
As part of its development plans, Fat Hippo Group has now finalised a new six-figure finance facility with NatWest to complement the investments it is making in its new venues from its own resources.
The management team is also working with Paul Gainford and Julie Cuthbertson of Gosforth based RMT Accountants and Business Advisors on all aspects of the development of its growth strategy, as well as the wider management of its expanding operations.
Fat Hippo was founded in 2010 by managing director Mike Phillips, who opened the company’s first restaurant in Jesmond after writing his original business plan while still a student at Northumbria University.
Since then, the firm has opened further Fat Hippo restaurants in Newcastle, Durham, Leeds, Liverpool and Nottingham city centres. It also has four concessions, including kiosks within premium bowling venue Lane 7’s Sheffield, Manchester and Edinburgh premises, and operates a street food fleet that travels across the UK.
Mike Phillips says: “We’ve navigated our way successfully through the pandemic thanks to take out sales, click & collect orders and a solid relationship with Deliveroo, and we’re now ready to take Fat Hippo’s presence around the UK to the next level.
“We’re being very selective in terms of the cities we’re considering for our new restaurants and are only looking at vibrant, dynamic locations that fit with our brand aspirations, the quality of our products and the great service that our teams provide.”
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