Rosa's Thai Café expecting to open up to six sites this year
It is also pursuing opportunities to grow its presence in the delivery-only space.
Rosa’s Thai Café said it plans to open up to six new restaurants over the next year, as well as continuing to grow its cloud kitchen portfolio.
The chain’s latest accounts revealed that the 24-strong group remained “cash generative” over the past 12 months due to “significant” delivery and takeaway sales.
The Trispan-backed Thai restaurant group, expects around half of the upcoming sites to be in London, and half outside the capital.
During lockdown periods, Rosa’s said it continued to operate more than half of its estate with delivery and takeaway, which has generated “significant revenues”. As a result, its ambition to significantly grow the estate “remains intact”.
However, it noted that changes in trading patterns and splits between eat-in and delivery during this period may force the group to re-evaluate the viability of some sites and the rent each site is able to carry.
The restaurant group opened its first delivery-only kitchen last year in Crouch End, and has since established a further three locations in Blackwall, Croydon and Reading.
Over the 52 weeks to 29 March 2020, Rosa’s posted £19.6 million in sales, up from £16 million in 2019, whilst EBITDA dipped to under £2 million.
Rosa’s opened three new sites, in Trinity Centre in Leeds, Clapham, and Deansgate, Manchester, and recently announced it will be joining Birmingham’s Paradise project for its fourth site outside London.
