Gourmet Burger Kitchen looks to expand

1st April 2009, 10:30am

Clapham House Group has said that its brand Gourmet Burger Kitchen (GBK) is performing so well that it plans to focus on its growth and expansion over the next year.

In a trading statement, the company said it expects an overall growth of 15% in sales for the year ending 29th March 2009.

"GBK has continued to deliver good sales performances, particularly given the general UK economic climate. Returns on capital invested in new and existing GBK restaurants are strong. We have successfully opened six GBK restaurants in the financial year in Baker Street, Westfield and Spitalfields Market in London, Bristol Cabot Circus, Cardiff City Centre and Liverpool One," said Clapham House.

There are now 49 GBK's across the UK and the company said it hopes to raise this number to over 150.

"We are witnessing a correction in UK property valuations as landlords have begun to adjust their rental expectations for new properties and leases. We expect this realignment to accelerate over the next 12 months and will plan our expansion to take best advantage of this," Clapham House added.

The company said that sales at Tootsies, and The Real Greek have been satisfactory despite the weakened economy.

Related Articles:

• 09 Mar 2011 - GBK celebrates its 10th birthday with 'Tennerfest' promotion
• 23 Jun 2010 - GBK celebrates the World Cup with new menu
• 26 Mar 2010 - The Clapham House Group delivers 'robust performance'
• 12 Jan 2010 - Gourmet Burger Kitchen teams up with Help a London Child
• 17 Dec 2009 - Clapham House Group posts mixed bag of financial results
• 03 Dec 2009 - GBK launches Kiwi Christmas Menu
• 28 Oct 2009 - GBK opens its 50th UK restaurant
• 12 Oct 2009 - Tootsies Restaurants placed into administration while Giraffe capitalise on sites
• 30 Sep 2009 - Restaurant vouchers are impacting on net margins, says Clapham House
• 31 Jul 2009 - GBK helps a London Child
• 07 Jul 2009 - Clapham House Group continues to perform well
• 04 Aug 2008 - GBK and DBC Foodservice strike £1m deal
• 17 Apr 2008 - GBK names burgers after Mayor of London

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