Prezzo profits rise four-fold as expansion continues

10 September 2004
Prezzo profits rise four-fold as expansion continues

Rapidly expanding restaurant group Prezzo has seen profits more than quadruple since this time last year.

Pre-tax profits for the 26 weeks to 27 June were £1.34m, against £305,000 at the same point in 2003.

Turnover more than doubled to £9.1m, up from £4.2m in 2003.

During the period, Prezzo was operating 35 restaurants.

It has opened five more since the end of June and has others under construction.

In July it opened Chimichanga in Braintree, Essex, the first of its restaurants specialising in Mexican food. Early trading, it said, was encouraging.

Prezzo sold two under-performing outlets during the period.

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.


Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking