Bill’s, the Richard Caring-backed group, has secured a site in London’s Baker Street, its eighteenth in the capital, M&C Report has learnt.
The 55-strong group, is on track to post full-year turnover of close to £90m in its current financial year, has secured the unit at 119-121 Baker Street for an opening this June.
The company, which will open in both Maidstone and Peterborough on 9 February, plans to open a further 20-plus sites over the next 12 months and believes there is scope for over 250 openings in the UK for the brand.
The group is set to report turnover of £53.9m for the year to 27 July 2014 next week, up from £27.5m the previous year, while EBITDA will have climbed from £3.7m to £7.7m, in a year in which the brand opened 18 sites to reach 41 restaurants.
It has also secured its second site in Cardiff, in the city’s Mermaid Quay area, and its first in Scotland, in Glasgow, which will open at the end of March.
The company has already lined up openings for next year in Taunton, Colchester, Gloucester Quays, Witney and Marlow.
