Fulham Shore restaurant group posts strong profit for 2014
Restaurant operator group Fulham Shore, from former Clapham House Group chairman David Page, has posted increased revenue and a strong year for profit compared to last year.
The group, which operates the mainly London-based Real Greek restaurants and one central London Franco Manca pizzeria site, saw revenue of £953,000 (compared to nil in 2013), and a profit after taxation of £59,000 (compared to a loss of £74,000 in 2013), in its interim results for the six months ended 28 September 2014.
The company has confirmed that the Real Greek has since seen increased sales in line with expectations, particularly helped by the mild autumn. It also confirmed that it has started work on a new Real Greek restaurant in London's Soho, set to open in spring 2015. It also operates the Tottenham Court Road site of Franco Manca.
There are six Real Greek restaurants across London, plus one in Windsor. The restaurant was first founded in 1999, and now offers Mediterranean-inspired food including wraps, grilled meat, and hot and cold mezze. Franco Manca serves sourdough pizzas, and has 10 branded sites across London, including the Tottenham Court Road location. Its other sites include Brixton, Chiswick, Southfields, and Balham.
Fulham Shore is an investment group headed by chairman David Page and business partner Nabil Mankarious, former chairman of Pizza Express and of the Clapham House Group, operator of burger group GBK. He is also a director of Young's pubco, and an investor in restaurant brands MEATLiquor, and the former Wishbone Brixton, now known as CHICKENLiquor.
Former Clapham House chairman David Page buys the Real Greek chain from Capricorn Ventures >>
