Coco di Mama, the Azzurri Group-owned, quick-service Italian concept, has secured a further three sites in the capital, MCA understands.
The 12-strong group, which is led by Daniel Land and Jeremy Sanders, has secured the former Pita Pit site in Crown Passage for an opening at the start of October. It will follow this with an opening on the former Chequers Beauty site in New Street Square.
The company, which is on track to post full-year turnover of c£12m, is also believed to be close to completing on a unit near Bank Station.
The group is looking to open a further seven-plus sites next year and is looking to break into the transport hub segment.
Land told MCA that life-for-like sales for the year to date against the previous year had been up by around the high-single digit/low double-digit level.
The company recently re-opened it debut site in Fleet Street, complete with a new look that Land describes as “Coco di Mama 2.0”.
He said: “The feedback on the new look and feel of Fleet Street has been really encouraging. We feel it reflects the growing confidence the business and the brand has. We have opened four sites over the summer and will hopefully open a further three before the year end. At present our focus remains on growing in London, but we continue to get offers to open outside the capital.”
The concept was acquired by the Azzurri Group last year in a deal believed to be valued at c£12m.
Steve Holmes, chief executive of the Azzurri Group, told MCA that the group’s acquisition of Coco Di Mama could help it grow to 40 sites in the next couple of few years.