1 minute read
Tortilla Mexican Grill reports record annual sales and growth
Tor tilla Mexican Grill, the UK fastcasual Mexican restaurant g roup, has achieved record annual sales for the period ending 1 Januar y 2023 of £57.7m, an increase of 20% on the previous year
The company also repor ts a year of record g rowth for the g roup with 18 sites added to its por tfolio bringing the total number of sites during the period to 82 Tor tilla opened 10 company-owned stores during the period as it took advantage of the favourable proper ty rental market
Six franchised stores opened during the year, f ive in universities through its par tnership with Compass Group, and one franchised site opened at Bristol air por t with the SSP Group.
Tor tilla said it strengthen its market position during the year by acquiring Chilango, with f ive of eight sites already conver ted to Tor tilla branding The company also expanded its offering with deliver y par tners such as Uber Eats, alongside new additional par tnerships with deliver y kitchens including Growth Kitchen and Kar ma Kitchen
New sites for the f irst quar ter of 2023 have opened in Derby and Greenwich in London, which the company repor ts are seeing encouraging early trading Fur ther sites are in the pipeline this year including Belfast, Bracknell and Milton Keynes, as the brand targets 45 new sites in f ive years
Richard Mor ris, chief executive off icer of Tor tilla, commented: “We have a proven, g reat value, and highly popular customer proposition. More and more consumers are seeking out high-quality, healthy, customisable food at g reat value, and both of our brands – Tor tilla and Chilango – sit at the hear t of these exciting consumer trends
“The beginning of 2023 has star ted well with like-for-like sales up 4% in the eights weeks to 26 Febr uar y We know that restaurants that offer g reat, consistent food at competitive price points will always be the winners in our sector, and we are conf ident that we sit ver y comfor tably in this space
“We remain highly motivated and excited about Tor tilla’s continued g rowth potential in the UK as well as our oppor tunities to build on our proven franchise operations to expand overseas ”
The Group was founded in 2007 by Brandon Stephens, from Califor nia, who ar rived in London in 2003 to f ind a gap in the market for quality bur ritos and tacos As a result, Stephens established Tor tilla with a mission of offering customers freshly prepared authentic Califor nian-inspired Mexican food
In addition to the company’s UK sites, Tor tilla has eight franchised outlets in the Middle East n
To learn more www.tortillagroup.co.uk