Glendola Leisure, the bar and restaurant operator, is hoping to add more sites this year and is “not adverse” to looking at small group acquisitions, managing director Alex Salussolia has told M&C Report. The firm said it was “well positioned for future opportunities” as it reported a 1.9% rise in pre-tax profit to £1.89m in the year to 31 March. Turnover grew 14.9% on the back of three acquisitions: two freeholds in Scotland called Frankenstein, one since rebranded as Horton’s, and the lease of the Cricketers in Cobham, Surrey. The 18-strong company, which runs the Waxy O’Connor’s brand and the Rainforest Cafe in London’s Piccadilly, described its performance as “very solid” given the “very difficult economic circumstances”. Salussolia said: “The acquisitions generally performed well. The Edinburgh market was particularly good for us. The market is very much one where growth above inflation comes from stealing market share from competitors at the moment.” Last May Glendola secured a new banking facility with Barclays. Salussolia said: ““We’ve had a very good start to our relationship at Barclays. They are very supportive of our activities.” He added: “I’d like to think we can add a couple of [sites] this year. It’s about finding the right long term sites. We are not opposed to finding small groups but have to get the right sites that we can get longevity from. “Numbers are irrelevant. It’s about growing turnover and long term profit.” Glendola is "in legals" on one site, believed to be a new concept, Salussolia said. Operating profit for Glendola fell in the year by 4% to £2.28m.