Pure, the healthy, food-to-go concept, in which Whitbread acquired a 49% stake last year, saw turnover close in on £12m in the year to the end of 2016, with group EBITDA over £1m for the second consecutive year, MCA has learnt.
The now 13-strong company, in which Whitbread has invested £6.8m, saw sales climb 17% to £11.8m, whilst pre-tax profit rose slightly from £449.1k to £451k.
The company, which opened three sites in the period, said that it remained confident of maintaining its return on capital model of over 40% per shop on its new and existing estate.
It said that the increase in sales during the year was due to a combination of new shops and positive like-for-like sales growth.
The company said it expects rents to stabilise slightly over the next 18 months but that the increase in occupancy costs will make profitability more challenging.
Pure recently appointed Doug Benzie as its new finance director.
Benzie joins the 13-strong company from Pret A Manger, where he has been group financial controller for the past three years. Previous to that he was a chief accountant for four years at the Bridgepoint-backed group.
At the same time, Pure has further strengthened its head office team with the appointment of Lynda Zgaoula as its new head of people. Zgaoula joined the company after over nine years with Itsu.
Pure, which is led by founder Spencer Craig, recently opened at the Nova development in London’s Victoria.
It made its transport hub debut at Waterloo Station earlier this year hopes to open a further two sites over the course of 2017.