Tortilla secures seven sites for restaurants inside and outside London

By Mark Wingett

- Last updated on GMT

Related tags: Publication m&c report, Finance

Tortilla has secured another seven sites, which will take its estate up to 18.
Tortilla has secured another seven sites, which will take its estate up to 18.
Tortilla, the Quilvest-backed fast casual Mexican chain, has secured another seven sites both inside and outside London, which it hopes to bring online over the next 12 months, including four that will open before the end of the year.

According to BigHospitality's sister publication M&C Report​, the 11-strong group, which is led by Brandon Stephens, has secured sites at Land Securities’ Trinity Kitchen development in Leeds, in Richmond directly across from the station, Birmingham’s Grand Central shopping centre (formerly The Palisades) and in Clapham.

The company is in advanced legals on three additional sites, which it expects to sign in the coming days, including two further regional units.

The group saw EBITDA for its latest financial year increase 76 per cent to £1.4m, on sales also up 76 per cent to £7.3m.

M&C Report understands that recent trading has been strong, with like-for-like sales up around 10 per cent. 

The group is also currently operating its first concession arrangement, located in the staff dining area of a leading investment bank in Canary Wharf.

Managing director Stephens said he was “very pleased with the strong store performance and pipeline that the team have generated” and felt that the group had the right financing and organisational structure in place for further growth.

Tortilla is backed by Quilvest and high-street bank Santander; its board members include Paul Campbell, Robin Rowland, and Axelle Strain.

This story was first published by M&C Report. To subscribe, call Emily Croft on 01293 846578 or email rzvyl.pebsg@jeoz.pbz​.

Related topics: Business, Venues, Restaurants

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