Propel Morning Briefing Mast Head CPL Learning Link Paul's Twitter Link Hive Pubs by Greene King Banner
Morning Briefing Strap Line
Thu 18th Oct 2018 - Abokado reports like-for-likes up 6% in current financial year on back of record profits
Abokado reports like-for-likes up 6% in current financial year on back of record profits, 24th site to open next month: Healthy eating chain Abokado, which is backed by Kings Park Capital, has reported like-for-like sales up 6% in its current financial year. The announcement comes as the company revealed record profits for the year ending 31 March 2018. Profits increased 24% to £726,000, while site Ebitda increased to £1.7m. Founder and chief executive Mark Lilley said: “I am pleased with this set of results, which have been achieved in the toughest market conditions we’ve experienced since we started Abokado. Our formula is simple – everything we do revolves around bringing Londoners the freshest and healthiest options for breakfast and lunch – and it’s great to be getting a resounding thumbs up from our customers. Our current-year sales growth is particularly pleasing as this comes entirely from in-store sales. Delivery still represents a tiny proportion of Abokado’s sales but with the delivery market established and fast growing and with a menu that lends itself extremely well to delivery, we’re excited about the growth opportunity this presents over the coming years.” Abokado, which currently operates 23 sites across the capital, has also revealed it will open its next store, in Hammersmith in November. The company said further sites were under offer and will be announced in due course as management capitalises on opportunities within a weakening property market. Abokado has also announced several key new hires over the past year, underlying its commitment to growth. Lilley added: “Our management and leadership team is now the strongest we’ve enjoyed. The new skills these individuals bring are enabling us to enhance the Abokado customer experience further, attracting new customers and increasing brand loyalty among our existing market. I would like to thank our leadership team and the entire Abokado family who have worked tirelessly to deliver these solid results and cement Abokado’s position as London’s leading healthy grab-and-go brand.”


Return to Archive Click Here to Return to the Archive Listing
 
Punch Taverns Link
Return to Archive Click Here to Return to the Archive Listing
Propel Premium
 
Maliburu Banner
 
Hit Training Banner
 
OakNorth Banner
 
Contract Furniture Group Banner
 
Nutritics foodprint Banner
 
Douwe Egberts Barista Editions Banner
 
Hogs Back Banner
 
Heinz Banner
 
Estrella Banner
 
Knorr Banner
 
Camile Thai Banner
 
St Austell Brewery Banner
 
Sky Banner
 
Hungrrr Banner
 
Frobishers Banner
 
Peroni Banner
 
TipJar Banner
 
Airship – Toggle Banner
 
Cynergy Bank Banner
 
Zonal Banner
 
John Gaunt Banner
 
Libeo Banner
 
COREcruitment Banner
 
KAM Media Banner
 
Access Banner
 
Reputation Banner
 
Yapster Banner
 
Zonal Banner
 
Trail Banner
 
The Licensees Association Banner
 
Tiny Cloud Kitchens Banner
 
Harri Banner
 
Propel Banner
 
Hogs Back Banner