Tortilla, the Quilvest-backed, the burrito and taco brand, has reported that its like-for-like sales are up 9% in the year to date on the back of strong like-for-like sales last year.
Richard Morris, managing director of the 35-strong group, told MCA that the half of that growth came through delivery, but that all areas of the business was in growth, with the company’s mature sites seeing double-digit growth.
At the same time, the company, which is on track to post full-year turnover of c£30m, up from £25.3m in its last financial year, has appointed Andy Naylor, former group head of finance at Gaucho and CAU, as its new finance director.
Naylor joins Tortilla after over four years with Gaucho, including the last two as group head of finance. He will start his new role from 1 July.
Morris told MCA: “We are having a stellar year. Like-for-like sales are up 9% on the back of strong like-for-like sales last year. Half of that growth is through delivery, but that’s ok, we are working well with Deliveroo. We have embraced delivery, it is a big part of the eating-out market now. We are happy and comfortable with the fact that it is adding volume to our business, but it is not the only area of growth. Our underlying like-for-like sales growth is around 2-3%. Our mature estate is double digit up on a like-for-like basis and those opened in the last two years are also up double-digit.
“Our price point is very competitive and our new central kitchen means are food offer is even better and even more consistent. Staff turnover is also down. So amongst all the doom and gloom it is not all bad, there are people doing well, you just don’t hear about it.”
The company recently opened in Kingston, with a further opening to follow in Dalston in July. A further international site in Riyadh opens later this month, with a couple more sites in Saudi Arabia due to come on line later this year.
Morris said: “We are actively looking for sites. There are two or three we are quite close on.”