Tortilla sees record franchise sales as it continues expansion
Mexican restaurant concept Tortilla has recorded record results in its franchise sites, as it looks to continue expanding its estate.
The chain has a franchising partnership with food travel group SSP, and said it has further franchise sites in the pipeline.
This comes as Tortilla provides a trading update for the first half of the 2023 financial year, during which its opened restaurants in Derby and Greenwich alongside a franchised site at Manchester Piccadilly. The chain said all sites had been performing well.
By the period end, there were 85 sites operating under the Tortilla and Chilango brands.
Tortilla is set to make its Northern Ireland debut later this week in Belfast, with another site opening in Bracknell planned for the coming weeks.
During the period, which encompassed the six months ending 2 July 2023, Tortilla’s group revenue increased by 22% to £32.7m. Tortilla said it had successfully implemented several efficiency and cost-saving initiatives that are supporting profitability, which will continue in the second half of the year.
Richard Morris, CEO of Tortilla, said: “We continue to deliver on our disciplined but ambitious approach to new site openings and strategic expansion, with all of our new openings performing well and meeting our expectations. Our franchise sites also continue to perform well with our SSP sites achieving record results and we remain hugely excited by the significant franchise growth opportunities in the UK and overseas.”