Megan’s has reported annual revenues of £29.9m for the year ending March 2024, compared to £26.5m the previous year.
The all-day restaurant group also saw a company EBITDA of £4.8 million, compared to £2.7m, the previous year.
During the second half, Megan’s realised 20% EBITDA margin at the company level, attributed to the strategic leadership of Bridget Lambert,who has driven sustainable operational efficiencies and enhanced the overall guest experience, according to the company.
The business has recently opened its 20th site in Twickenham, which it describes as “off to a flying start”, exceeding expectations and welcomed by the local community.
Additionally, construction is now underway for their long-awaited opening in Weybridge, which will launch in July 2024.
“Our financial results and operational achievements over the past year are a testament to the hard work and dedication of our entire team,” said finance director Gill Clements.
“With Bridget’s leadership, we have optimised our operations and are excited about the continued expansion of our brand. The whole team has worked exceptionally hard over the past year to set the business up for growth, including the rollout of several market-leading systems and a full revamp of our menu offering and supply chain.
”With a strong pipeline of sites, including Farnham, Crouch End, and Henley, we look forward to another strong year of growth and continuing to bring Megan’s to more neighbourhoods.”
