Spur aims to grow thriving eateries
Franchisee interest in RocoMamas said to be strong, while Hussar Grill’s operating income surges
Restaurant franchisor Spur Corporation is relishing the opportunity to expand its recently acquired gourmet burger business RocoMamas and upmarket steakhouse Hussar Grill. The company’s results for the six months to end-December released on Thursday showed fast-growing RocoMamas, now a 48-strong restaurant chain, managed to more than double turnover to R232.5m. The Hussar Grill, which opened three new restaurants in the interim period, saw revenue up 58% to R73m. In a presentation to shareholders, Spur CEO Pierre van Tonder said RocoMamas benefited from three menu price increases — 1.7% in the first half of 2016, 3.3% in the second half of 2016 and 2.3% more in November 2016. He said RocoMamas’s "edgy brand" appealed to millennials, noting huge customer and franchisee interest. Another two RocoMamas restaurants have been opened after the close of the interim period, bringing the store numbers to 50. Van Tonder said the Hussar Grill’s performance underlined the resilience of the bran...
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