Wildwood owner Tasty looking forward to second half of the year
Wildwood and Dim T owner Tasty is looking forward to a "promising" second half of the year with a series of new restaurant openings set to boost group performance.
The Adam and Sam Kaye backed business will this week open Chelmsford Wildwood. Following the decision to close the poorly performing Milton Keynes unit in July, which has since been sub-let, the new opening will see the company operating 11 restaurants - six Dim Ts and five Wildwoods.
Last month Tasty acquired two former Paramount Restaurant sites in Loughton and Billericay, which it hopes to have trading as Wildwoods before the year's end.
Chairman Keith Lassman said: "The group is trading in line with expectations and the opening schedule of new restaurants is looking positive.
"The one-off opening costs of the new units Loughton and Billericay] will be incurred in the second half of the financial year with the trading benefit being felt in 2011. Overall the board is looking forward to a promising second half."
Turnover in the half year ended 27 June 2010 increased 11.5% to £4.83m (from £4.33m in 2009), while the company made a profit of £13,000 compared with a loss of £69,000 in the same period a year ago.
Tasty takes on two Paramount sites in Essex >>
Caterersearch.com 100: Adam and Sam Kaye >>
Restaurant group Tasty floats to expand Dim T chain >>
By Chris Druce
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