Wildwood helps drive huge increase in revenue and profit at Tasty
Tasty, the casual-dining group founded by serial restaurant entrepreneurs Adam and Sam Kaye, has reported a 38% jump in revenue for 2011.
The company's full-year results, which cover the 52 weeks to 1 January 2012, also showed a 10% increase in like-for-like sales, while pre-tax profit shot up to just over £1m, from £244,000 in 2010.
Tasty's Wildwood brand performed particularly well, with like-for-like sales up 16.7%, compared with a 5.5% increase at its other main brand, DimT. The group now has 18 restaurants including six DimTs, nine Wildwoods and three others.
Over the year the group opened a new Wildwood at Canary Wharf, and it also acquired two Café Pasta restaurants - on Shaftesbury Avenue and in Stratford-upon-Avon - as well as a Chez Gérard site at Cambridge.
Since the year end, Tasty has also opened two Wildwood restaurants, in Epping and Cambridge. A site in Market Harborough is due to open in April, with a number of others already in the pipeline.
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By Neil Gerrard
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