Richoux, the AIM-listed restaurant operator, is looking to ramp up its openings programme over the coming 12 months, including exploring opportunities to roll out its eponymous café brasseries, M&C Report understands.
The group, which is led by Ed Standring, has increased its expansion target to 10-15 sites per year and is looking for locations for its Dean’s Diner, Villagio and Richoux brands.
It is thought that the performance and growth of Patisserie Valerie has led to the company reassessing the rollout potential of Richoux, which currently operates four sites in London.
The group is looking for sites of 1,500sq to 2,500sq ft for Dean’s Diner 3,000sq ft to 4,500sq ft for Richoux and Villagio.
It will consider sites in retail/cinema and leisure parks; in-town schemes; shopping centres; airports and railway stations.
It is understood that Dean’s Diner, the group’s 1950’s-inspired American diner format, will continue to be its core growth brand over the next few years.
Last year, Standring told M&C Report that the brand would be the main focus of the company’s growth strategy after proving itself over at a number of different trading locations.
He said: “We won’t go crazy, we will take our time getting the right sites but we have a good pipeline in place for next year, 2015 and 2016 with Dean’s taking up the bulk of that rollout. It has worked on a leisure scheme, in a shopping scheme and on a high street, so we are confident it can drive forward from there.”