Sat Oct 22 15:33:05 SAST 2016

New outlets worldwide help beef up the family restaurant's sales

By unknown | Sep 07, 2007 | COMMENTS [ 0 ]

Staff Reporter

Staff Reporter

Spur Corporation's three restaurant chains upped sales 18percent to R215million in the year ended in June. But much of this growth came from expanding its outlets by 30 to 333.

Turnover growth from existing restaurants was 13,5percent.

The group opened 22 new Spur Steak Ranches, four Panarottis and four John Dory's outlets.

New Spur outlets included one in Soweto's Jabulani Mall and another is about to open in Maponya Mall. Spur also opened an outlet in Johannesburg's Carlton Centre and Lenasia's Trade Route Mall.

Spur chairman Allen Ambor said a number of new restaurant developments had been earmarked for funding for black franchisees from the R30million facility secured from the Industrial Development Corporation.

These include Spur restaurants in Soweto and Hout Bay and John Dory's and Panarottis in Parow.

The group's "measured expansion in Africa" saw new Spur restaurants open in Gaborone, Windhoek and Swakopmund and a Panarottis outlet in Harare.

In Australia, Spur opened a restaurant in Erina Fair on the central coast of New South Wales and a Panarottis in Blacktown.

Two company-owned restaurants were opened in London in The O2 Dome, Greenwich, and Lakeside Shopping Centre in West Thurrock in June. After the June year end, a new Spur was opened in Newry, Northern Ireland.

The group plans to open 20 more restaurants in South Africa, with a further three in Africa and two to three in Australia. Opportunities were also being considered in the Middle East, managing director Pierre van Tonder said.

"Slower consumer spending and rising food prices will be a challenge in the year ahead. Strategies have been developed to enhance customer loyalty, drive foot traffic and increase customer spend, while the group will source products locally and internationally in an attempt to limit the impact of food inflation," the results said.


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