Abokado reports 24% profit growth for YE18
The fast food chain also announced their new store opening in November.
Abokado has announced its financial results for the year ending March 31 with a profit growth of 24% from last year to £726,000.
They also reported that their EBITDA rose to £1.7 million while its like-for-like sales took a 6% increase.
“Our current year sales growth is particularly pleasing as this comes entirely from in-store sales,” Mark Lilley, founder and CEO of Abokado, said.
“Delivery still represents a tiny proportion of Abokado’s sales but with the delivery market established and fast growing and with a menu that lends itself extremely well to delivery, we’re excited about the growth opportunity this presents over the coming years.”
The fast food chain currently has 23 stores in London with an upcoming 24th store in Hammersmith on November.
(Photo credit: Abokado Facebook)
