Scottish bar and restaurant group Gastro Taverns has revealed the secret behind its credit crunch expansion success, as it announces negotiations for its seventh site in Tayside.
The group has opened a new outlet of their successful gastropub chain every other month since start-up, and predicts sales for the coming financial year to exceed £2.5m. But despite entering into a £1m partnership deal with SHK Property and Investments earlier this year, Gastro Taverns claims reinvestment in the business is the key to its success.
Julain Mobbs, managing director of Gastro Taverns, said, “We’ve been putting everything back into the business to fund its expansion rather than taking any money out. Our aim is to continue this policy for the next few years.”
The new site in Tayside will be the seventh of 12 outlets planned to open along Scotland’s east coast over the next 18 months. Gastro Taverns last month re-launched its fourth site, The Gas Lamp in Aberdeen, and is set to open its fifth site in Kincardineshire following the acquisition of Quoiters Lounge.
The group operates a policy of sourcing, where possible, food from within a 40-mile radius of its restaurants, and is a supporter of the ‘What’s On Your Plate’ campaign for Scottish food and farming.
Other sites owned by Gastro Taverns include The Sun Gastro Bar and Restaurant and Mommas Italian Kitchen & Bar in Cupar, and The Flaming Kilt Scottish Grill Restaurant, Cocktail and Bar in Kirkcaldy.